Seller's Agent in 2015
Dale Iley
Mission Real Estate Group
(210) 313-5554
1,210 Total Sales
Estimated Value: $569,000 - $649,474
With traditional 30-year mortgage rates hovering around 4%, direct multi-family real estate ownership is a much better alternative for investors seeking investment income yield, with current cap rates in San Marcos now averaging around 6-7%. Based upon trailing 12-month financials (ending Feb 2015), the cap rate of this property is 6.7%-7.5%. Fenway Loop is an oasis of relative tranquility compared to some of the surrounding streets. The dead-end nature of Fenway Loop decreases thru-traffic (except for the Texas State Shuttle) so that the residents can enjoy a more peaceful living experience.
Last Agent to Sell the Property
Mission Real Estate Group License #0554437 Listed on: 06/24/2015
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| David F Buchanan 2015 Revocable Living Trust | -- | Independence Title | |
| Winer Mark | -- | None Available | |
| Weems Cayce | -- | None Available |
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Winer Mark | $225,000 | |
| Previous Owner | Weems Cayce | $200,000 |
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 09/11/2015 09/11/15 | Sold | -- | -- | -- |
| 08/12/2015 08/12/15 | Pending | -- | -- | -- |
| 06/25/2015 06/25/15 | For Sale | $350,000 | -- | $87 / Sq Ft |
| 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 |
|---|---|---|---|---|
| 2025 | $11,022 | $570,360 | $150,430 | $419,930 |
| 2024 | $11,022 | $560,000 | $150,430 | $409,570 |
| 2023 | $14,688 | $530,000 | $150,430 | $379,570 |
| 2022 | $10,855 | $529,709 | $127,480 | $402,229 |
| 2021 | $10,361 | $470,076 | $98,060 | $372,016 |
| 2020 | $8,766 | $442,512 | $98,060 | $344,452 |
| 2019 | $7,324 | $297,500 | $98,060 | $199,440 |
| 2018 | $8,532 | $345,000 | $98,060 | $246,940 |
| 2017 | $8,354 | $347,460 | $22,500 | $324,960 |
| 2016 | $8,395 | $349,180 | $22,500 | $326,680 |
| 2015 | $4,263 | $192,040 | $22,500 | $169,540 |
| 2014 | $4,263 | $176,640 | $22,500 | $154,140 |
Seller's Agent in 2015
Dale Iley
Mission Real Estate Group
(210) 313-5554
1,210 Total Sales
Source: Central Texas MLS (CTXMLS)
MLS Number: 212766
APN: R32378