101 Eastern RD, Wimberley TX 78676

Wimberley, TX 78676 | Green Acres

Ed's Opinion of Value

$299,999 Ed's Estimate: $507,347 $715,026
Lowest Comp Recommended List: $321,000 to $331,000 Highest Comp
Taking into account 7 nearby comparable sales, this property's estimated value comes to $507,347. If we were to list this property today, I'd recommend a list price in the $321,000 to $331,000 range. Buyers shopping in GREEN ACRES right now would see this as a well positioned option among 7 comparable homes. This home's smaller footprint (244 sqft vs the comp average) plays a role in how the market prices it. Being built in 1977 (19 years older than comps) is factored into the value estimate. With 7 similar homes currently listed in GREEN ACRES (a balanced market), competition is a factor to consider. The 6 month price trend in GREEN ACRES: risen 95.5%. The best comp here is 561 Carney LN, Wimberley TX 78676 at an adjusted value of $715,026, with a larger floor plan. This estimate draws on 7 comparable sales, offering a reliable picture of market value. That said, this is a data only estimate. A walkthrough could change the picture. Want a detailed analysis for a home you're considering? I'm happy to help. Ed Neuhaus
4 Beds
3 Baths 3 Full
1,649 Sq Ft
2.46 Acres
1977 Built

About This Property

MULTIPLE OFFERS WELL OVER LIST PRICE. DEADLINE FOR OFFERS - Noon on Monday, 05/13/2024. No further showings after Sunday. Rare opportunity to own TWO turn-key short-term rentals on 2.46 acres just 1.4 miles from the Wimberley Square, and just around the corner from the Market Day location. This stylish Hill Country complex has been operating since late 2019, and produces solid income month-after-month. Together the two rental units gross over $9k per month, making for solid income with minimal work. The homes feel like they're in the country, but they're just outside of city limits, so there are no STR permits to deal with!

The larger of the two rentals is called "Eastern Acres," and consists of two structures. The main house has two bedrooms, a kitchen, living room, and bathroom, and features a large covered deck. Connected by a boardwalk is a second structure that can be rented with the main house by larger groups. This extra structure includes a bedroom with living space and a nice bathroom with a tiled walk-in shower. Guests can relax in a 6-person hot tub on the deck, or step onto the property to enjoy the fire pit or outdoor games.

The smaller rental is called "Sundown" and is a mix of modern and rustic, and sleeps two people. It is completely separate from the other rental unit and has its own entrance, two-person hot tub, yard area, and parking. The cozy space has a sleep loft, living area, kitchenette, and bathroom.

A seasonal creek crosses the back of the property where the land has been left natural and wooded. Guests are likely to see deer and other wildlife right in the back yard. A large commercial septic system has been installed to comply with county regulations, eliminating one of the more expensive "gotchas" for people who convert a rural residential house to short-term rental. NEW survey provided by Seller.

This property is priced to move fast, and will not last long. Get in on Wimberley STR while you still can!

Features

  • Ceiling Fan(s)
  • Multiple Dining Areas
  • Multiple Living Areas
  • Primary Bedroom on Main

Location

Schools

School District Wimberley ISD
Elementary Jacobs Well
Middle School Danforth
High School Wimberley

Property Details

Property Type Residential
Flooring Concrete, Laminate, Tile
Cooling Ceiling Fan(s), Central Air, Ductless, Multi Units
Heating Central, Fireplace(s), Varies by Unit
Exterior Gutters Partial, Lighting, Playground, Private Yard
County Hays
MLS # 3297200

Tax Information

Annual Taxes $4,844 (2023)

Listing History

MLS# 3297200 5 days (4 CDOM)
May 24, 2024 Off Market
May 9, 2024 Listed $575,000

Frequently Asked Questions About 101 Eastern RD, Wimberley TX 78676

When was 101 Eastern RD, Wimberley TX 78676 built?

101 Eastern RD, Wimberley TX 78676 was built in 1977.

How much does 101 Eastern RD, Wimberley TX 78676 cost?

101 Eastern RD, Wimberley TX 78676 sold on May 24, 2024. Contact us for sale price details.

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