NOT LISTED FOR SALE

108 W Adams St Itasca, TX 76055

Estimated Value: $275,051 - $295,000

3 Beds
2 Baths
2,348 Sq Ft
$121/Sq Ft Est. Value

Last Sold November 26, 2021

Current estimated payment $2,010/month

11 Days on Market

Highlights

  • New Construction
  • Central Heating and Cooling System
  • Concrete Flooring
  • 1-Story Property
  • ENERGY STAR Qualified Windows

About This Home

As of November 2021

BRAND NEW Income Producing property, in a growing community. This duplex was completed in September 2021 and is currently 100% occupied with year lease through October 2022. Low maintenance as warranties are transferrable. The units are 1174 sq ft each side and have 3 bedroom 2 bath, open concept, with washer and dryer connections inside units. Tenants pays all utilities, owner takes care of lawn care and insurance. Therefore low expenses, for new owner.

Last Agent to Sell the Property

Tammie Pressley

A New View Realty License #0645029 Listed on: 10/11/2021

Last Buyer's Agent

April Lewis

Thirty Three Realty & Associat License #0650740

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,887

Year Built

  • Built in 2021 | New Construction

Lot Details

  • 6,970

Home Design

  • Duplex
  • Slab Foundation
  • Composition Roof
  • Stone Siding

Interior Spaces

  • 2,348 Sq Ft Home
  • 1-Story Property
  • Decorative Lighting
  • ENERGY STAR Qualified Windows
  • Window Treatments
  • Concrete Flooring

Kitchen

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

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • 2 Parking Spaces
  • Assigned Parking

Schools

  • Itasca Elementary And Middle School
  • Itasca High School

Additional Features

  • Energy-Efficient Insulation
  • 6,970 Sq Ft Lot
  • Central Heating and Cooling System

Community Details

  • 2,348 Sq Ft Building

Listing and Financial Details

  • Assessor Parcel Number 119532

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,887

Year Built

Built in 2021 | New Construction

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Duplex
  • Unit Levels: One
  • Year Built Details: New Construction - Complete
  • Multi Parcel I D Y N: No
  • Municipal Utility District Y N: No
  • Net Operation Income: 25600
  • Will Subdivide: No
  • Accessibility Features Yn: No
  • Ratio Current Price By Building: 146.93356
  • Special Features: NewHome
  • Year Built: 2021

Interior Features

  • Square Footage: 2348.00
  • Windows: Window Coverings
  • Interior Amenities: Decorative Lighting
  • Flooring: Concrete
  • Appliances: Dishwasher, Disposal, Dryer, Electric Range, Microwave, Plumbed for Ice Maker, Refrigerator, Washer

Beds/Baths

  • Full Bathrooms: 2
  • Total Bedrooms: 3

Exterior Features

  • Pool: No
  • Foundation: Slab
  • Roof: Composition
  • Construction Materials: Fiber Cement, Rock/Stone

Garage/Parking

  • Cooling System: Central Air, Electric
  • Number Of Parking Spaces: 2
  • Parking Features: Assigned
  • GarageYN: No

Utilities

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

Condo/Co-op/Association

  • Association Type: None

Schools

  • School District: Itasca ISD
  • Elementary School: Itasca
  • Middle School: Itasca
  • High School: Itasca
  • School District: Itasca ISD
  • Elementary School: Itasca
  • High School: Itasca

Lot Info

  • PropertyAttachedYN: No
  • Lot Size: Less Than .5 Acre (not Zero)
  • Lot Size Units: Acres
  • Lot Size Area: 0.1600
  • Parcel Number: 119532
  • Lot Size Acres: 0.1600
  • Lot Size Sq Ft: 6969.6000

Green Features

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

Building Info

  • Year Built: 2021
  • Units Total: 2

Multi Family

  • Gross Annual Expenses: 3200.00
  • Gross Annual Income: 28800.00
  • Insurance Expense: 2500

MLS Schools

  • MiddleOrJuniorSchool: Itasca
  • Middle School Name: Itasca
  • Elementary School Name: Itasca
  • High School Name: Itasca

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 7, 2022
Sold by
Mayfield & Heller Investments Llc
Bought by
Dinh Joshua Michael
Current Estimated Value
$285,026

Purchase Details

Listed on
Oct 11, 2021
Closed on
Nov 22, 2021
Sold by
Mayfield & Heller Investments Llc
Bought by
Patel Rishi Dineshbhai and Patel Mansi Rishi
Seller's Agent
Tammie Pressley
A New View Realty
Buyer's Agent
April Lewis
Thirty Three Realty & Associat
List Price
$350,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-4.07%
Original Mortgage
$258,750
Interest Rate
3.05%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 24, 2020
Sold by
Rock Solid Investments Llc Series U
Bought by
Mayfield & Heller Investments Llc

Purchase Details

Closed on
Sep 1, 2017
Sold by
City Of Itasca
Bought by
Zanetti Karol and Zanetti Anthony

Purchase Details

Closed on
Apr 13, 2015
Sold by
Cinco De Mayo Organization
Bought by
City Of Itasca
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
Dinh Joshua Michael $255,000 --
Patel Rishi Dineshbhai $344,137 None Listed On Document
Mayfield & Heller Investments Llc -- Providence Title Company
Zanetti Karol -- None Available
City Of Itasca -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Patel Rishi Dineshbhai $258,750
Previous Owner Mayfield & Heller Investments $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/26/2021 11/26/21 Sold -- -- --
10/22/2021 10/22/21 Pending -- -- --
10/11/2021 10/11/21 For Sale $350,000 -- $149 / 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 $5,887 $314,120 $17,520 $296,600
2023 $5,361 $280,390 $4,530 $275,860
2022 $5,933 $275,050 $4,530 $270,520
2021 $67 $2,700 $2,700 $0
2020 $65 $2,470 $2,470 $0
2019 $59 $2,180 $2,180 $0
2018 $52 $1,980 $1,980 $0
2017 $50 $1,860 $1,860 $0
2016 $50 $1,860 $1,860 $0
2015 -- $1,740 $1,740 $0
2014 -- $1,650 $1,650 $0
Source: Public Records

Agents Affiliated with this Home

  • Tammie Pressley

    Seller's Agent in 2021

    Tammie Pressley

    A New View Realty

    (817) 223-7277

    36 Total Sales

    Tammie Pressley
    Section Image

  • A

    Buyer's Agent in 2021

    April Lewis

    Thirty Three Realty & Associat

    (817) 881-1023

    83 Total Sales

    April Lewis
    Section Image
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Map

Source: North Texas Real Estate Information Systems (NTREIS)

MLS Number: 14688427

North Texas Real Estate Information Systems (NTREIS)

APN: 119532

Texas Hill County Itasca 76055

108 W Adams St, Itasca, TX

This home is located at 108 W Adams St, Itasca, TX 76055 since 11 October 2021 and is currently estimated at $285,026, approximately $121 per square foot. This property was built in 2021. 108 W Adams St is a home located in Hill County with nearby schools including Itasca Elementary School, Itasca Middle School, and Itasca High School.

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