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$208,020

NAL Estimated Property Value

223 Iron Horse, New Braunfels, TX, 78132

Off MarketInfo
Baths0 Bath

Highlights

Interior

Bathrooms 0Bathrooms 0

Exterior

Lot Size1.40 acres

Land Information

APN45-0695-1283-00
Lot Number1283
SubdivisionRiver Chase 8
Land UseVacant Land
Legal DescriptionRIVER CHASE 8, LOT 1283
Census Tract310903
Assessed Land Value$208,020
Assessment Year2025

About this property

SPACIOUS LOT WITH PLENTY OF SHADE TREES with a rustic walking trail that winds through the trees and opens to a panoramic clearing. So much space to build your Texas Hill Country haven! Imagine relaxing on your back porch and seeing wildlife in their natural habitat, or star gazing into the black velvet sky. This spectacular home site is located on a quiet low traffic street with quick access to the rear entrance through Knight's Way. River Chase is famous for having the best amenities and community activities for the lowest HOA dues (just $300 per year). Property owners can enjoy the clubhouse park with pools, playground, tennis & pickle ball courts, fitness center, walking trails, fishing pond, disc golf and Veteran's garden, as well as the private river park on the Guadalupe, featuring miles of first class hiking trails, pavilion, bird watching station, campgrounds, basketball court and of course, river relaxation. Additionally, there is no city tax, and highly rated Comal ISD schools. Property values are protected with reasonable deed restrictions, and a POA management team that is friendly and responsive. Minimum sq. ft for a single story home is 1800, and for a 2-story, 2000. No time limit to build. Additional buildings are allowed: guest house, workshop, pool house, and more. Come see why so many people are gravitating to the Texas Hill Country and especially to River Chase.

Investor Tools

Property Icon
$208,020
Estimated Property Value
$107,733Estimated Mortgage Balance
$100,287Estimated Equity
48% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,248 /month
Positive
Cash Flow Estimate:
$416 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$303/month
$300/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,591
$208,020
2025
$208,020
N/A
$208,020
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,591
$208,020

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Cadence Bank Na
Open End Mortgage / Open End With Future Advance Clause
$110,000
No
First
Mar 21, 2025
Mar 2040

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$107,733
$100,287
48%
52%
$660/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.

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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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223 Iron Horse | Property Details | No Agent List