640 Rainbow RDG, Canyon Lake TX, 78133
(Active)
$699,000
|
5 beds, 4 Full baths, 2,774 sqft
|
MLS# 5962958
Last Updated: 5/2/2024 3:01 AM
Description for
640 Rainbow RDG
Canyon Lake, TX 78133
LOCATION! LOCATION! LOCATION! COMPLETELY REMODELED AND OPERATING SHORT-TERM RENTAL ON THE HORSESHOE WITHIN WALKING DISTANCE TO THE GUADALUPE RIVER AND WHITEWATER AMPITHEATER. Investors, here is your chance to purchase a complete turnkey home on the Horseshoe. The remodel was completed in late 2023 and has been operating as an STR ever since. The home sits on over an acre and is nestled under the oaks. No flood plain issues with this one and just walk to the tube rental and then into the water for your relaxing two-hour float. The five-bedroom and four-bathroom home was taken down to the studs and redone from the inside out. New plumbing, electrical, septic tank and field, AC, flooring, drywall, windows, doors, designer plumbing and electrical fixtures, solid wood cabinets with soft close and quartz countertops throughout. The attention to detail is obvious when you walk through and some of the vintage original details are visible. Great neighborhood that is at the heart of all the action. The home can be purchased with all the furniture for your complete turnkey vacation rental or second home. Don't miss your opportunity to own this home today.
Price
$699,000
River Point Estates
Comal
5
4 Full
2,774 (approx)
5962958
Active
Description
LOCATION! LOCATION! LOCATION! COMPLETELY REMODELED AND OPERATING SHORT-TERM RENTAL ON THE HORSESHOE WITHIN WALKING DISTANCE TO THE GUADALUPE RIVER AND WHITEWATER AMPITHEATER. Investors, here is your chance to purchase a complete turnkey home on the Horseshoe. The remodel was completed in late 2023 and has been operating as an STR ever since. The home sits on over an acre and is nestled under the oaks. No flood plain issues with this one and just walk to the tube rental and then into the water for your relaxing two-hour float. The five-bedroom and four-bathroom home was taken down to the studs and redone from the inside out. New plumbing, electrical, septic tank and field, AC, flooring, drywall, windows, doors, designer plumbing and electrical fixtures, solid wood cabinets with soft close and quartz countertops throughout. The attention to detail is obvious when you walk through and some of the vintage original details are visible. Great neighborhood that is at the heart of all the action. The home can be purchased with all the furniture for your complete turnkey vacation rental or second home. Don't miss your opportunity to own this home today.
Listing Information
| Property Type: Single Family, 1 Story | ||
| 5 | 4 Full | |
| 1.01 Acres | 2,774 (approx) | 1975 |
| 1 | Stone,Stucco | |
River Point Estates
Slab
Public
Septic Tank
Cable Available, Cable Connected, Electricity Connected, Natural Gas Not Available, Phone Available, Water Connected
Neighborhood
School Information
| Mountain Valley | Mountain Valley Middle | Canyon Lake |
Room Information
| Bathrooms | |||
| 4 | |||
Interior Features
Dishwasher, Electric Range, Exhaust Fan, Microwave, Plumbed For Ice Maker
Tile, Vinyl
Central Air, Heat Pump, Ceiling Fan(s)
Electric Heating,
Forced Air
French Doors
1,
Living Room, Wood Burning
Ceiling Fan(s), Vaulted Ceiling(s), Double Vanity, High Speed Internet, Open Floorplan, Recessed Lighting, Walk-In Closet(s)
Exterior / Lot Features
10 Parking Spaces,
Circular Driveway, Gravel, Off Street, Unpaved
Stucco, Stone
Covered, Patio
Composition
None
Other
Front Yard, Interior Lot, Level
Driving Directions
FM 306 to Rainbow Ridge. House is the third on the Left.
Financial Considerations
| 50461 |
| $5,844 |
Cash, Conventional, FHA, Owner May Carry, VA Loan
Listing Price History
Canyon Lake Real Estate
Canyon Lake is located in Texas. Canyon Lake, Texas 78133 has a population of 32,312.
The median household income in Canyon Lake, Texas 78133 is $79,081. The median household income for the surrounding county is $85,915 compared to the national median of $66,222. The median age of people living in Canyon Lake 78133 is 43 years.
Data provided below are primarily sourced from Public Records data.
Nearby Recent Sales (Sourced from Public Records)
| Street Address | City | Beds | Baths | Sold Price | Sold Date | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| No information is available for recently sold properties within this search. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Price History
| Date | Event | Price | Source |
|---|---|---|---|
| 4/15/2024 | Active | $699,000 USD |
|
Tax History (Sourced from Public Records)
| year | Property Taxes | Change | Tax Assessment | Change |
|---|---|---|---|---|
| 2022 | $840 USD | -3.56% | $391,880 USD | -13.72% |
| 2021 | $871 USD | -1.14% | $454,220 USD | 88.72% |
| 2020 | $881 USD | -80.75% | $240,680 USD | 2.30% |
| 2019 | $4,577 USD | 7.14% | $235,260 USD | -4.50% |
| 2018 | $4,272 USD | -4.85% | $246,356 USD | 3.58% |