405 -- Sycamore St

Fredericksburg

About This Property

3 Beds
2½ Baths
2,109 Sqft
14073 Acres
0 Garages

Dedicated Property Website: https://donstefanov.swpre.com/405-sycamore-st-fredericksburg-tx-78624.php

405 Sycamore ST Fredericksburg TX 78624 | Henry Henke House in Historic District | 2,019 SF Built in 1858 | 3 Bed, 1 Full Bath, 2 Half Baths Home | 2 Bed, 1 Bath Cabin | Corner Lot | $679,000


The Henry Henke House is one of Fredericksburg's earliest homes. Located In the Historic District. Hard to find dual tax ID property approved for BNB. 3 bedrooms, 1 full baths and 2 half baths. Wood floors. Original front porch. 190 SF Screened Porch and 430 SF Wood Deck added in 2016. 2 bedroom, 1 bath cabin built in 1997 designed to replicate an original Fredericksburg cabin. 14,073 SF corner lot. 0.2 MI walk to Downtown. No Flood Zone. 0.35 MI to Middle School. 58 Walk Score. 53 Bike Score. In Fredericksburg ISD. Under 90 Minutes to Austin and San Antonio. Low 1.72 Tax Rate.

Showing Instructions: Must be accompanied. 24 hour notice required. Gloves and masks required. Contact Don Stefanov at 830.998.5677 for details.


NORTHEAST OLD TOWN INVESTOR CONSIDERATIONS*

Sale Price: $554,036
Sale Price per SF: $276
Sale Price / Tax Value: 124%
Days on Market: 106
Value trends: Positive value trends projected for next 3 years
Market Status: Neutral Market (neither a Buyer's nor a Seller's market)
Months of Supply: 11.1

*Data from Central Hill Country Board of Realtors downloaded on 04/29/20. Tax Value from Gillespie Central Appraisal District downloaded on 4/29/20. Sale Price, Sale Price per SF, Sale Price / Tax Value and Days on Market are averages. Analysis by SWPRE. Other analysis performed for SWPRE Clients on request.


NORTHEAST OLD TOWN

Bounded by Mulberry ST/Burbank ST/Morse ST to the North, Lee ST to the East, Austin ST to the South, Llano ST to the West, it is the original City of Fredericksburg residential area encompassing 334 homes. The average home was built in 1957, with 1,844 SF of HVAC space on a 14,357 SF lot.

Northeast Old Town is one of the most stable Fredericksburg neighborhoods with a 4.2% annual turnover rate. The typical homeowner has owned their home 9.5 years.

The average tax appraised value is $395,135 with the most expensive home valued at $2,177,240. In the past year, the property tax value for homes increased an average of 18.2%.

Compared to Fredericksburg, Northeast Old Town Fredericksburg has:

35% higher population growth
9% higher $500K-$1M homes
77% higher $200K+ household incomes
85% higher $M+ household net worth
86% higher graduate degrees
38% higher undergraduate degrees
21% higher owner occupancy


FOR MORE INFORMATION

Don Stefanov, GRI, ABR, Realtor
Managing Partner
m +1 830.998.5677
o +1 830.900.0266
e don@swpre.com
w https://donstefanov.swpre.com


GILLESPIE CENTRAL APPRAISAL DISTRICT

Owner; Cay Meadows, Life Estate d/o William C. Hawkes Living Trust

Main Home Land:

PIDN: 25670
Legal Description: G E CO #274 LOT D, .2218, -HOMESITE- #274 LOT D, .2218, -HOMESITE-
Geographic ID: Not Assigned
Subdivision: G E CO
Land Description: Urban Interior
Size: 0.2218 acres | 9,663 SF | 8,97.7 m2 | 0.089 hectares
Dimensions: 73.3' frontage | 192' depth (for both Tracts)

Cabin Land:

PIDN: 101781
Legal Description: G E CO #274 LOT D, .1012, -B&B-
Geographic ID: Not Assigned
Subdivision: G E CO
Land Description: Commercial
Size: 0.1012 acres | 4,410 SF | 409.7 m2 | 0.041 hectares

*m2 & hectares estimates by SWPRE

Main Home Improvements - 2,019 HVAC SF:

Year Built: 1857
Main Area: 1,697 SF
Half Story: 322 SF
Screened Porch built in 2016: 190 SF
Wood Deck built in 2016: 430 SF
Carport: 96 SF
Storage: 96 SF

Cabin Improvements - 796 HVAC SF:
Year Built: 1997
Main Area: 540 SF
Main Area 2nd Floor: 256 SF
Open Porch: 80 SF
Open Porch: 52 SF

Taxes:

Paid 2019*: $6,141
2019 without Exemptions: $9,335
Tax Rate: 1.722384

Schools:

District: Fredericksburg ISD
Elementary: Fredericksburg
Middle: Fredericksburg
High: Fredericksburg


DIRECTIONS

0.5 MI from Downtown Fredericksburg: US 290 W – Main ST at State Highway 16 - Llano ST

Travel N on Llano ST 0.3 MI
Turn right (E) on Orchard ST 0.2 MI
Property on your right at SE corner of Orchard and Sycamore with SWPRE signs


3% BUYER BROKER COMMISSION

Only requirements for payment of 3% buyer broker commissions: Texas Broker License and submit contract that escrows, closes and funds.

Essential Information
MLS® #79846
Price$679,000
Bedrooms3
Bathrooms2.50
Full Baths2
Half Baths1
Square Footage2,109
Acres14,073.00
TypeResidential
StyleHistorical, Current B&B
StatusUnder Contract w/Contingencies
Community Information
Address405 -- Sycamore St
Subdivision1181
CityFredericksburg
CountyGillespie
StateTX
Zip Code78624
Amenities
GaragesCarport Double Attached
Features

Deck/Patio, Guest Quarters, Other-See Remarks

Interior
HeatingCentral Electric
FireplaceYes
FireplacesMasonry
Stories2 Story
Interior Features

Washer-Dryer Connection, Ceiling Fan(s), Smoke Detector, Sauna, Wallpaper

Exterior
Lot DescriptionCity Lot
Roof7043
ConstructionFrame, Log
School Information
DistrictFredericksburg S/D
Additional Information
ZoningC-1
HOA Fees0.00
Listing Details
AgentDonald Stefanov
This (property or listing) is courtesy of

Southwest Partners Fredericksburg

Property History
Status Changed from Active to Under Contract w/Contingencies
LISTING MAP

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The information being provided by the Central Hill Country Board of REALTORS® is exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed accurate by the MLS.