NOT LISTED FOR SALE

Estimated Value: $522,000 - $643,024

-- Bed
1 Bath
4,018 Sq Ft
$141/Sq Ft Est. Value

Last Sold September 11, 2015

Current estimated payment $4,088/month

47 Days on Market

Highlights

  • Traditional Architecture
  • Tile Flooring
  • Central Heating and Cooling System
  • No HOA

About This Home

As of September 2015

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 Listed By

Dale Iley

Mission Real Estate Group License #0554437 Listed on: 06/25/2015

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,022

Year Built

  • Built in 1980

Lot Details

  • 0.47

Parking

  • No Garage

Home Design

  • Quadruplex
  • Traditional Architecture
  • Brick Exterior Construction
  • Slab Foundation

Interior Spaces

  • 4,018 Sq Ft Home
  • Property has 2 Levels
  • Tile Flooring
  • Laundry in unit

Kitchen

  • Electric Range
  • Dishwasher

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater
  • Cable TV Available

Additional Features

  • 0.47 Acre Lot
  • City Lot

Community Details

  • No Home Owners Association
  • 4 Units
  • Hughson Heights Subdivision

Listing and Financial Details

  • Legal Lot and Block 37A / D
  • Assessor Parcel Number R32378

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,022

Year Built

Built in 1980

Lot Details

0

Listing Details

  • Architectural Style: Traditional
  • Carport Y N: No
  • Directions: Old Ranch Rd 12 (80) to Craddock Ave to Fenway Loop
  • Garage Yn: No
  • Inclusions: Building(s)
  • Unit Levels: Two
  • Lot Size Acres: 0.47
  • Property Sub Type: Quadruplex
  • Property Sub Type Additional: Quadruplex,Multi Family
  • Prop. Type: Residential
  • Road Surface Type: Asphalt
  • Building Stories: 2
  • Subdivision Name: Hughson Heights
  • Water Body Name: None
  • Year Built: 1980
  • Special Features: None
  • Stories: 2

Interior Features

  • Accessibility Features: None
  • Appliances: Dishwasher, Electric Range, Electric Water Heater, Refrigerator
  • Fireplace Features: None
  • Fireplace: No
  • Flooring: Tile
  • Living Area: 4018.0
  • ResoLivingAreaSource: Appraiser

Exterior Features

  • Construction Type: Brick
  • Fencing: None
  • Foundation Details: Slab
  • Lot Features: City Lot, Level
  • Roof: Composition, Shingle
  • View: None
  • View: No
  • Waterfront: No

Garage/Parking

  • Parking Features: No Garage

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Laundry Features: In Unit
  • Sewer: Public Sewer
  • Utilities: Cable Available
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Schools

  • Junior High Dist: San Marcos Cisd

Lot Info

  • Parcel #: R32378
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units In Community: 4
  • Number Of Units Total: 4

Tax Info

  • Tax Block: D
  • Tax Lot: 37A

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 25, 2015
Closed on
Aug 19, 2015
Sold by
Weems Cayce
Bought by
Winer Mark
Seller's Agent
Dale Iley
Mission Real Estate Group
List Price
$350,000
Sold Price
$350,000
Total Days on Market
47
Current Estimated Value
$566,756

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$216,756
Avg. Annual Appreciation
5.07%
Original Mortgage
$225,000
Interest Rate
4.08%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 29, 2012
Sold by
Hadley James and Hadley Tammy
Bought by
Weems Cayce

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
3.91%
Mortgage Type
Seller Take Back
Source: Public Records

Range of Values:

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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
Winer Mark -- None Available
Weems Cayce -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Winer Mark $319,900
Closed Winer Mark $225,000
Previous Owner Weems Cayce $200,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
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
Source: Central Texas MLS (CTXMLS)

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 $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
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Central Texas MLS (CTXMLS)

MLS Number: 212766

Central Texas MLS (CTXMLS)

APN: R32378