2 months on rocket

550 County Road 262, Mico, TX, 78056

$850,000

Home List Price

$10,000*

Closing Credit

4 Bedrooms
2 Full Baths
1,890 SqFt
$450/SqFt
House

Location

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550 County Road 262, Mico$850,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingCircular Driveway, Gravel, Gated
Year Built1935
HeatingElectric, Fireplace(s)
CoolingCentral Air, Wall/Window Unit(s)
WaterfrontLake Front, Boat Ramp, Boat Lift
FireplaceLiving Room
ViewLake
MLS #9930371
Lot Size2.06 Acres
StatusActive

About 550 County Road 262

Welcome to your dream waterfront retreat - an exceptional turnkey short-term rental investment. This stunning home, Nestled on a sprawling 2.057-acre 'park-like' setting, offers unparalleled tranquility and immediate rental income potential or your dream home. Step into the spacious living room, featuring a majestic rock fireplace and abundant natural light, creating a warm and inviting ambiance ideal for guest enjoyment. The modern kitchen boasts granite countertops and new wood-like flooring, providing functionality and comfort for preparing meals. Upstairs, four serene bedrooms offer a restful retreat, complemented by a full bath with charming accents. The primary bedroom opens to a sprawling deck with breathtaking views of the hill country and lake, perfect for morning coffee or evening relaxation. Outdoor entertainment is a highlight, with a covered concrete patio, a large entertaining patio, and a full-bath shower house for added convenience. The two-story dock with a boat lift is a boater's paradise, recently renovated with Bluetooth capabilities, ensuring endless days of waterfront fun. Additional features enhancing the property's appeal include a storage shed, gated entry for added privacy, recent upgrades such as new flooring, a state-of-the-art water filtration system with water storage, and updated electrical systems. This turnkey waterfront gem is a 'must-see' investment that exceeds expectations at every turn. This property is poised to deliver substantial returns whether you own to rent or own to make your own. See the extensive list of upgrades attached and seize this unparalleled investment opportunity.

Property Details

Property Features

Property Information:

  • Year Built: 1935
  • Stories: 2
  • Living Area: 1,890 SqFt

Listing Office:

  • Office Name: Magnolia Realty
  • Office Phone: (210) 454-7768
  • Listing Agent: Cynthia Mcgee

Interior Features

Interior Information:

  • Appliances: Electric Oven, Dishwasher, Electric Cooktop, Refrigerator
  • Flooring Type: Vinyl
  • Interior: Granite Counters, Open Floorplan
  • Fireplace: Living Room

Bedroom and Bathroom Information:

  • Full Bathrooms: 2
  • Total Bedroom Count: 4

Exterior Features

Exterior Information:

  • Private Pool: No
  • Waterfront: Lake Front, Boat Ramp, Boat Lift
  • View: Lake
  • Exterior: Boat Lift, Balcony, Dock, Exterior Steps, Private Entrance

Parking Information:

  • Parking: Circular Driveway, Gravel, Gated

Lot Features

Lot Information:

  • Lot: Front Yard, Private, Many Trees, Views
  • Lot Size: 2.06 Acres

Utilities

Utilities Information:

  • Heating: Electric, Fireplace(s)
  • Cooling: Central Air, Wall/Window Unit(s)

School Info

Assigned Schools Information:

  • Medina Valley High School, Public District Grades 9-12
  • Medina Valley Middle School, Public District Grades 6-8
  • Potranco Elementary School, Public District Grades PK-5

Other

Directions Information:

  • Directions: Take the Culebra Rd exit from TX-1604 Loop W Take FM471 S, FM1283, and Co Rd 271 to the destination

Price Information

Listing Price Info

Price Summary:

  • List Price: $850,000
  • Price Per SqFt: $450/SqFt

Tax Information:

  • Annual Amount: $5,502
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Mico, TX.

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Mico, TX

City

Med. List Price

$699K

Med. Price/SqFt

$249

Avg. Days On Market

104

# of Sold Homes

6

550 County Road 262 vs Mico

62 DAYS ON ROCKET

-42 Days

$850,000

+$151K More

$450/SqFt

+$201 More

KEY TAKEAWAY

This property is $151K more than the Median List Price and $201/SqFt more than other homes in Mico, TX.

Based on homes listed in the last 12 months

MLS Details

MLS Information:

  • MLS Name: ACTRIS
  • MLS Number: #9930371

Listing Office:

  • Office Name: Magnolia Realty
  • Office Phone: (210) 454-7768
  • Listing Agent: Cynthia Mcgee

IDX Based on information from the Austin Board of REALTORS® (alternatively, from ACTRIS or Unlock MLS®). All information provided is deemed reliable but is not guaranteed and should be independently verified. The Austin Board of REALTORS®, ACTRIS, Unlock MLS and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data maintained by the Board, ACTRIS or Unlock MLS may not reflect all real estate activity in the market. Prices displayed on all Sold listings are the Last Known Listing Price and may not be the actual selling price.

Copyright 2024 Unlock MLS and Austin Central Texas Realty Information Services, Inc.

IDX Listings courtesy of Unlock MLS as distributed by MLS GRID.

All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.


Data displayed may be a portion of, and not a complete set of all listings published in the MLS.


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Last updated on: 11/4/2024, 10:20:47 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2020$5,502$262,450
2019$5,266$257,150
2018$5,266$257,150
2017$5,266$243,800

History based on county public records data.

Payment Calculator

$4,310

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,615

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-1792410
7
/10

  • Potranco Elementary School

  • 190 County Road 381 S

  • 11.47 miles

  • Public District Grades PK-5

Middle School

school-card-donut-1792411
5
/10

  • Medina Valley Middle School

  • 8395 Fm 471 S

  • 15.79 miles

  • Public District Grades 6-8

High School

school-card-donut-1792412
6
/10

  • Medina Valley High School

  • 8365 Fm 471 S

  • 15.79 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $72,312. Most Mico, TX residents have annual incomes between $35k-100k. The most common type of family is married, no kids. The majority of residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 550 County Road 262

What is the listing price of this property?

The listing price of 550 County Road 262 property is $850,000.

What type of property is this?

The property 550 County Road 262 is a house located in Mico, Texas, 78056.

Is this property for sale now?

Active Listing: 550 County Road 262 is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 550 County Road 262 are:
Potranco Elementary School: GreatSchools Rating 7/10
Medina Valley Middle School: GreatSchools Rating 5/10
Medina Valley High School: GreatSchools Rating 6/10

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $5,502 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 550 County Road 262 has 4 bedrooms and 2 bathrooms.

What is the square footage of this property?

The property 550 County Road 262 is 1,890 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 550 County Road 262 is 1935.

Rocket Homes›Texas›Medina County›Mico›78056›550 County Road 262

This home is located at 550 County Road 262 in Mico, TX and zip code 78056. This 1,890 square foot home, which was built in 1935, sits on a 2.06 acre lot. Features: 4 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since September 03, 2024 and is currently priced at $850,000.

In October 2024 in Mico, TX there were 26.1% more homes for sale than in September 2024. The median list price of listings available in October 2024 was $699,000, while the average time on the real estate market was 104 days.

From Rocket Homes Real Estate and based on county public records data.

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