NOT LISTED FOR SALE

104 E Brown St Lipan, TX 76462

Estimated Value: $121,000

8 Beds
4 Baths
2,890 Sq Ft
$42/Sq Ft Est. Value

Last Sold October 16, 2024

Current estimated payment $755/month

118 Days on Market

Highlights

  • Covered Patio or Porch
  • Tile Flooring
  • Ceiling Fan
  • Lipan Elementary School Rated A-
  • Central Heating and Cooling System
  • High Speed Internet

About This Home

As of October 2024

PRICE TO SELL! Prime Income Investment Opportunity! 4 Well-Appointed Units each with 2 Bedrooms & 1 Bathroom each at Approx. 800 Square Feet Providing Ample Space for Tenants. This Property is Centrally Located Between Granbury, Stephenville, Mineral Wells, & Weatherford for Tenants to Commute to Fort Worth if needed. With Various Surrounding Towns for Employment & Amenities, & Located in Exceptional Lipan ISD this Property will be Well Sought After by Tenants. This Quadplex Offers an Exceptional Investment Opportunity. Property is currently being Managed by Local, Reputable Property Management Company, Ensuring Hassle-Free Ownership for Investors. If First Time Investor, this Property would be a Great Start on Building Your Investment Portfolio or a Great Asset to Add to an already Established Investor's Portfolio. Don't Miss Out On This Opportunity!

Last Agent to Sell the Property

Brittany Jones

Texas West Real Estate LLC Brokerage Phone: 817-632-9500 License #0715526 Listed on: 05/17/2024

Last Buyer's Agent

Sarah Bailey

Compass RE Texas, LLC License #0693415

Compass RE Texas, LLC

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 2000

Lot Details

  • 8,276 Sq Ft Lot
  • Level Lot

Home Design

  • Quadruplex
  • Brick Exterior Construction
  • Slab Foundation
  • Composition Roof
  • Siding

Interior Spaces

  • 2-Story Property
  • Ceiling Fan
  • Fire and Smoke Detector

Kitchen

  • Electric Oven
  • Electric Range
  • Dishwasher

Flooring

  • Carpet
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Full Bathrooms

Parking

  • 10 Parking Spaces
  • Open Parking

Outdoor Features

  • Covered Patio or Porch
  • Exterior Lighting

Additional Homes

  • Accessory Dwelling Unit (ADU)

Schools

  • Lipan Elementary And Middle School
  • Lipan High School

Utilities

  • Central Heating and Cooling System
  • High Speed Internet

Community Details

  • 4 Buildings
  • 4 Units
  • 2,890 Sq Ft Building

Listing and Financial Details

  • Assessor Parcel Number R000091775
  • $6,662 per year unexempt tax

Property Details

Home Type

Multi-Family

Year Built

Built in 2000

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Quadruplex
  • Unit Levels: Two
  • Accessory Dwelling Type: Accessory Dwelling Unit (ADU)
  • Security: Smoke Detector(s)
  • Year Built Details: Preowned
  • Multi Parcel I D Y N: No
  • Municipal Utility District Y N: No
  • Net Operation Income: 41502
  • Notice Surveillance Devices Pres: Audio, Video
  • Will Subdivide: No
  • Accessibility Features Yn: No
  • Ratio Current Price By Building: 147.05882
  • Attribution Contact: 817-632-9500
  • Special Features: None
  • Year Built: 2000

Interior Features

  • Interior Amenities: High Speed Internet Available
  • Flooring: Carpet, Tile, Vinyl
  • Appliances: Dishwasher, Electric Oven, Electric Range

Beds/Baths

  • Full Bathrooms: 4
  • Total Bedrooms: 8

Exterior Features

  • Pool: No
  • Foundation: Slab
  • Roof: Composition
  • Construction Materials: Brick, Siding
  • Exterior Features: Covered Patio/Porch, Lighting
  • Patio And Porch Features: Covered

Garage/Parking

  • Cooling System: Ceiling Fan(s), Central Air, Electric
  • Number Of Parking Spaces: 10
  • Parking Features: Open
  • Attached Garage YN: No
  • GarageYN: No

Utilities

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

Condo/Co-op/Association

  • Association Type: None

Schools

  • School District: Lipan ISD
  • Elementary School: Lipan

Lot Info

  • Lot Features: Level
  • Lot Size Units: Acres
  • Lot Size Area: 0.1900
  • Parcel Number: R000091775
  • Lot Size Acres: 0.1900
  • Lot Size Sq Ft: 8276.4000

Green Features

  • Smart Home Features Appor Pass Y: No

Building Info

  • Year Built: 2000
  • Units Total: 4
  • SeniorCommunityYN: No

Multi Family

  • Gross Annual Expenses: 4698.00
  • Gross Annual Income: 46200.00
  • Insurance Expense: 2562
  • Tenancy: Month to Month, Over 9 Months

Tax Info

  • Unexempt Taxes: 6662
  • Special Taxing Entities: No

MLS Schools

  • Middle School Name: Lipan
  • Elementary School Name: Lipan
  • High School Name: Lipan

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 19, 2021
Closed on
Sep 7, 2021
Sold by
Tipton Cynthia E and Tipton Cynthia
Bought by
Dirin Amir
Seller's Agent
Clayton Jewett
Black Dog Realty Group, LLC
Buyer's Agent
Helena Homavand
United Real Estate
List Price
$395,000
Current Estimated Value
$121,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$382,936
Outstanding Balance
$348,443
Interest Rate
2.8%
Mortgage Type
FHA

Purchase Details

Closed on
May 12, 2016
Sold by
Torbett Weldon L and Torbett Barbara A
Bought by
Tipton Cynthia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$140,000
Interest Rate
3.58%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 23, 2006
Sold by
Texasbank
Bought by
Tipton Cynthia E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$67,500
Interest Rate
6.21%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 15, 2006
Sold by
Texasbank
Bought by
Torbett Weldon L and Torbett Barbara A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$67,500
Interest Rate
6.21%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 3, 2003
Sold by
Vasquez Thomas
Bought by
Tipton Cynthia E

Purchase Details

Closed on
Apr 12, 2001
Sold by
Vasquez Thomas and Vasquez Jody M
Bought by
Texasbank

Purchase Details

Closed on
Sep 2, 2000
Sold by
Vasquez Thomas
Bought by
Tipton Cynthia E

Purchase Details

Closed on
Sep 1, 2000
Sold by
Clift Katherine A
Bought by
Tipton Cynthia E

Purchase Details

Closed on
Nov 12, 1998
Bought by
Tipton Cynthia E
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Dirin Amir -- None Available
Tipton Cynthia -- Stewart Title
Tipton Cynthia E -- --
Torbett Weldon L -- Alamo Title
Tipton Cynthia E -- --
Texasbank $103,911 None Available
Tipton Cynthia E -- --
Tipton Cynthia E -- --
Tipton Cynthia E -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Dirin Amir $382,936
Previous Owner Tipton Cynthia $140,000
Previous Owner Torbett Weldon L $67,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/16/2024 10/16/24 Sold -- -- --
09/14/2024 09/14/24 For Sale $415,000 0.0% $144 / Sq Ft
09/13/2024 09/13/24 Pending -- -- --
09/03/2024 09/03/24 Pending -- -- --
09/01/2024 09/01/24 For Sale $415,000 0.0% $144 / Sq Ft
07/24/2024 07/24/24 Pending -- -- --
05/17/2024 05/17/24 For Sale $415,000 0.0% $144 / Sq Ft
02/10/2023 02/10/23 Rented $900 0.0% --
01/02/2023 01/02/23 For Rent $900 0.0% --
09/08/2021 09/08/21 Sold -- -- -- View Prior Sale
07/05/2021 07/05/21 Pending -- -- --
05/19/2021 05/19/21 For Sale $395,000 -- $137 / 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
2021 $4,515 $225,610 $12,000 $213,610
2020 $4,616 $230,640 $12,000 $218,640
2019 $4,886 $230,640 $12,000 $218,640
2018 $3,951 $174,800 $12,000 $162,800
2017 $3,008 $176,670 $12,000 $164,670
2016 $3,008 $131,950 $12,000 $119,950
2015 $2,718 $126,680 $12,000 $114,680
2014 $2,718 $126,680 $12,000 $114,680
Source: Public Records

Agents Affiliated with this Home

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Map

Source: North Texas Real Estate Information Systems (NTREIS)

MLS Number: 20618416

North Texas Real Estate Information Systems (NTREIS)

APN: R000091775