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$260,000

NAL Estimated Property Value

18314 Scenic Loop Rd, Helotes, TX, 78023

Off MarketInfo
Beds1 Beds
Baths1 Bath
Baths897 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$323.19 / sqft
Year BuiltBuilt in 1935

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 1Bedrooms 1
Bathrooms Full 1Bathrooms Full 1
Garage AvailableGarage Available
Heating Floor/WallHeating Floor/Wall
AppliancesRefrigerator, Range, Cooktop
FlooringCarpet

Exterior

Lot Size15,407 sqft

Building Information

Year Built1935
Stories1
Roof Type109
Garage Spaces1

Land Information

APN05744-006-0050
Lot Number5
SubdivisionCity Of Grey Forest/Bluehill
Land UseResidential
Legal DescriptionCB 5744 BLK 6 LOT 5
Census Tract182002
Assessed Land Value$60,840
Assessed Improvement Value$199,160
Assessment Year2025

About this property

Watters Edge is an iconic Scenic Loop Playground cottage built about 1934. It sits on ONE of only about a half dozen lots that front on the Big Springs swimming hole in the Scenic Loop Playground owned by the City of Grey Forest. (See survey in additional docs for property lines). This cabin is constructed of native limestone with vaulted ceilings and a rock fireplace and offers an open floor plan with flexible living spaces. The former back porch currently used as a den could be additional sleeping area. The primary suite is reminiscent of a log cabin. The gently sloping lot, which includes a smaller fenced yard, leads to Helotes Creek, where vintage elements like a stone barbecue pit and a hand-dug well (in front of cottage) enhance its old-world charm. Watters Edge is a rare gem in the Texas Hill Country, Located just a short drive from town, yet far from the hustle and bustle, this picturesque retreat offers a unique blend of history, natural beauty, and a serene waterfront setting.

Investor Tools

Property Icon
$260,000
Estimated Property Value
$200,713Estimated Mortgage Balance
$59,287Estimated Equity
22% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,739 /month
Positive
Cash Flow Estimate:
$580 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$504/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,743
$260,000
2025
$60,840
$199,160
$260,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,743
$260,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Nexa Mortgage Llc
Conventional
$204,000
No
First
Jun 6, 2025
Jul 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$200,713
$59,287
22%
77%
$1,224/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,910/mo
$1,224/mo
+$686/mo
8.8%

City: Helotes

18314 Scenic Loop Rd | Property Details | No Agent List