NOT LISTED FOR SALE

Estimated Value: $400,000 - $496,000

6 Beds
4 Baths
2,426 Sq Ft
$180/Sq Ft Est. Value

Last Sold October 22, 2020

Current estimated payment $2,974/month

104 Days on Market

Highlights

  • Home Security System
  • Energy-Efficient Appliances
  • Central Heating and Cooling System
  • Scott Morgan Johnson Middle School Rated A-
  • Ceramic Tile Flooring
  • Ceiling Fan

About This Home

As of October 2020

Rare investment opportunity. Fully leased duplex minutes away from historic downtown McKinney $2600 total rent with deposits and paying tenants. Unit A leased till December 2020. Unit B on Month to Month August-Sept. 2020 Move-out. Both units are 3 bedrooms and 2 baths with similar floor plans and no outstanding maintenance issues.

Last Agent to Sell the Property

Andrew English

Congress Realty, Inc. License #0561973 Listed on: 06/04/2020

Last Buyer's Agent

Kelsey Bond - Realtor

Compass RE Texas, LLC. License #0718153

Compass RE Texas, LLC.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,791

Year Built

  • Built in 2007

Lot Details

  • 5,663 Sq Ft Lot
  • Wood Fence
  • Few Trees

Home Design

  • Duplex
  • Brick Exterior Construction
  • Slab Foundation
  • Composition Roof

Interior Spaces

  • 2,426 Sq Ft Home
  • 2-Story Property
  • Central Vacuum
  • Ceiling Fan
  • ENERGY STAR Qualified Windows
  • Window Treatments

Kitchen

  • Electric Range
  • Plumbed For Ice Maker
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Ceramic Tile
  • Vinyl

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Full Bathrooms

Home Security

  • Home Security System
  • Fire and Smoke Detector

Parking

  • 2 Parking Spaces
  • Carport

Eco-Friendly Details

  • Energy-Efficient Appliances
  • Energy-Efficient Thermostat

Outdoor Features

  • Rain Gutters

Schools

  • Caldwell Elementary School
  • Johnson Middle School
  • Mckinney High School

Utilities

  • Central Heating and Cooling System
  • High Speed Internet
  • Cable TV Available

Community Details

  • 2,426 Sq Ft Building
  • Hight & Horn Addition Subdivision

Listing and Financial Details

  • Legal Lot and Block 2 / 7
  • Assessor Parcel Number R089600700201

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,791

Year Built

Built in 2007

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Duplex
  • Unit Levels: Two
  • Security: Security System, Smoke Detector(s)
  • Year Built Details: Preowned
  • Multi Parcel I D Y N: No
  • Municipal Utility District Y N: No
  • Net Operation Income: 24000
  • Will Subdivide: No
  • Accessibility Features Yn: No
  • Accessory Unit YN: No
  • Ratio Current Price By Building: 140.97279
  • Special Features: None
  • Year Built: 2007

Interior Features

  • Square Footage: 2426.00
  • Windows: Window Coverings
  • Interior Amenities: Cable TV Available, Central Vacuum, High Speed Internet Available
  • Flooring: Carpet, Ceramic Tile, Vinyl
  • Appliances: Dishwasher, Disposal, Electric Range, Plumbed for Ice Maker

Beds/Baths

  • Full Bathrooms: 4
  • Total Bedrooms: 6

Exterior Features

  • Pool: No
  • Foundation: Slab
  • Fencing: Wood
  • Roof: Composition
  • Construction Materials: Brick
  • Exterior Features: Rain Gutters

Garage/Parking

  • Cooling System: Ceiling Fan(s), Central Air, Electric
  • Number Of Parking Spaces: 2
  • Parking Features: Carport, Covered
  • GarageYN: No

Utilities

  • Heating: Central, Electric
  • Utilities: City Sewer, City Water

Condo/Co-op/Association

  • Complex Name: Canal ST
  • Association Type: None

Schools

  • School District: McKinney ISD
  • Elementary School: Caldwell
  • Middle School: Johnson
  • High School: Mckinney
  • School District: McKinney ISD
  • Elementary School: Caldwell
  • High School: Mckinney

Lot Info

  • PropertyAttachedYN: No
  • Lot Size: Less Than .5 Acre (not Zero)
  • Lot Features: Few Trees
  • Lot Size Units: Acres
  • Lot Size Area: 0.1300
  • Parcel Number: R089600700201
  • Lot Size Acres: 0.1300
  • Lot Size Sq Ft: 5662.8000

Green Features

  • Efficiency: Appliances, Thermostat, Windows
  • Smart Home Features Appor Pass Y: No

Building Info

  • Year Built: 2007
  • Units Total: 2

Multi Family

  • Gross Annual Income: 312000.00
  • Insurance Expense: 1200
  • Tenancy: 6 Months or Less, Month to Month, Written Application Only
  • Unit Count: 2

Tax Info

  • TaxBlock: 7
  • Tax Lot: 2

MLS Schools

  • MiddleOrJuniorSchool: Johnson
  • Middle School Name: Johnson
  • Elementary School Name: Caldwell
  • High School Name: Mckinney

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 4, 2020
Closed on
Oct 16, 2020
Sold by
Elhoss Llc
Bought by
Gray Jamie Marie
Seller's Agent
Andrew English
Congress Realty, Inc.
Buyer's Agent
Kelsey Bond - Realtor
Compass RE Texas, LLC.
List Price
$349,000
Current Estimated Value
$436,300

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.09%
Original Mortgage
$225,000
Outstanding Balance
$200,218
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$310,730

Purchase Details

Closed on
Jun 24, 2018
Sold by
Levy Dvir and Levy Amy
Bought by
Elhoss Llc

Purchase Details

Closed on
Aug 29, 2007
Sold by
Stanford Phillip J
Bought by
Levy Dvir

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$165,325
Interest Rate
6.72%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 12, 2007
Sold by
First Pioneer Inc
Bought by
Stanford Phillip J
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Gray Jamie Marie -- Capital Title
Elhoss Llc -- Superior Abstract & Title
Levy Dvir -- Rtt
Stanford Phillip J -- Rtt
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gray Jamie Marie $225,000
Previous Owner Levy Dvir $151,900
Previous Owner Levy Dvir $165,325
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/22/2020 10/22/20 Sold -- -- --
06/04/2020 06/04/20 For Sale $349,000 -- $144 / Sq Ft
Source: North Texas Real Estate Information Systems (NTREIS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $7,791 $439,848 $90,000 $349,848
2023 $7,791 $439,017 $85,000 $354,017
2022 $8,150 $406,693 $70,000 $336,693
2021 $8,239 $387,952 $50,000 $337,952
2020 $6,283 $278,000 $50,000 $228,000
2019 $5,349 $225,000 $36,000 $189,000
2018 $4,938 $203,038 $35,000 $168,038
2017 $4,803 $197,474 $30,000 $167,474
2016 $4,402 $177,332 $19,000 $158,332
2015 $3,612 $134,513 $17,000 $117,513
Source: Public Records

Agents Affiliated with this Home

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Map

Source: North Texas Real Estate Information Systems (NTREIS)

MLS Number: 14358256

North Texas Real Estate Information Systems (NTREIS)

APN: R-0896-007-0020-1