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$339,000

214 T Bar M Dr, New Braunfels, TX, 78132

On MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,478 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$229.36 / sqft
Year BuiltBuilt in 1981

Property Lead Type:

BankruptcyAbsentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Heating CentralHeating Central
CoolingCooling
AppliancesDryer, Dishwasher, Electric Range, Electric Water Heater, Disposal, Plumbed For Ice Maker, Refrigerator, Washer, Microwave, Range
FlooringCarpet, Ceramic Tile

Exterior

Exterior FeaturesBalcony
Lot Size10.43 acres

Building Information

Year Built1981
Stories2
Roof Type105

Land Information

APN240-9110-0035-00
SubdivisionT Bar M Tennis Ranch 2
Land UseResidential
Legal DescriptionT BAR M TENNIS RANCH 2 CONDO, BLDG 2D, UNIT MA214
Census Tract310707
Assessed Land Value$17,190
Assessed Improvement Value$322,730
Assessment Year2025

About this property

Discover the ideal lock-and-leave lifestyle at T Bar M condos, perfect for travelers or those seeking an overnight investment rental. This turnkey, fully-furnished, short-term vacation rental property is move in ready. 3-bedroom, 2-bath condo features a floor to ceiling stone fireplace, beamed ceiling, beautiful stained-glass windows in living area, balcony plus a covered patio overlooking tennis courts. Access to onsite amenities include tennis courts, pool, and jogging/walking pathways. Located only minutes from downtown New Braunfels, Historic Gruene, and the Comal and Guadalupe Rivers, as well as Schlitterbahn. The HOA fee covers exterior maintenance, cable, water, sewer, trash and internet, making it a worry-free investment for vacation rental income, your weekend getaway or a peaceful primary residence. Unit 211 is also available for sale!

Investor Tools

$49,136Estimated Mortgage Balance
$290,784Estimated Equity
85% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,040 /month
Positive
Cash Flow Estimate:
$680 /month

Interested in this property?

Toya Ohlrich

BHHS Don Johnson REALTORS - NB

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$568/month
$539/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,117
$339,920
2025
$17,190
$322,730
$339,920
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,117
$339,920

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
First Bank & Trust East Texas
Unknown
$103,500
No
First
Jun 2, 2006
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$49,136
$290,784
85%
14%
$0/mo

Learn About the Market: Opportunity in Texas

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Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

Explore Texas Explore This Area
Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: New Braunfels

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214 T Bar M Dr | Property Details | No Agent List