NOT LISTED FOR SALE

1135 Lott Ave Austin, TX 78721

East MLK Neighborhood

Estimated Value: $334,230 - $491,000

Studio
2 Baths
1,344 Sq Ft
$317/Sq Ft Est. Value

Last Sold March 21, 2016

Current estimated payment $2,760/month

6 Days on Market

Highlights

  • No HOA
  • 1-Story Property
  • Laundry in multiple locations
  • Living Room

About This Home

As of March 2016

Great cash flow within 5 miles of downtown. Completely renovated with new hardwood floor, new appliances, new HVAC and a lot more. Full size washer and dryer in each unit .This area is in high demand with new construction going up all around the subject property. These units are very easy to rent. Market rents for unit B could be higher the existing tenant has occupied the property for over 6 years.

Last Agent to Sell the Property

Robert Mitcham

Private Label Realty License #0451422 Listed on: 03/01/2016

Last Buyer's Agent

Tony Lazarov

Uptown Realty LLC License #0459968

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,028

Year Built

  • Built in 1967

Lot Details

  • 9,322 Sq Ft Lot

Home Design

  • Pillar, Post or Pier Foundation
  • Slab Foundation
  • Asphalt Roof
  • Masonry Siding

Interior Spaces

  • 1,344 Sq Ft Home
  • 1-Story Property
  • Living Room
  • Laundry in multiple locations

Schools

  • Ortega Elementary School
  • Martin Middle School
  • Northeast Early College High School

Utilities

  • Cooling System Mounted To A Wall/Window
  • No Heating
  • Separate Meters

Community Details

  • No Home Owners Association
  • 2 Units
  • Green Valley 01 Subdivision

Listing and Financial Details

  • Down Payment Assistance Available
  • Assessor Parcel Number 02082106550000
  • 2% Total Tax Rate

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,028

Year Built

Built in 1967

Lot Details

9,322 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Duplex
  • Building Area Total: 1344.00
  • Restrictions: None
  • Unit Mix: 2/1
  • Year Built: 1967
  • Directions: From I35 go east on MLK turn South on Spingdale and take a left on Ledesma then turn left on lott Ave Property is on the right
  • Disclosures: Lead Base Paint Addendum
  • Estimated Taxes: 3028.00
  • FEMA Flood Plain: Yes-100 yr
  • Fencing: None
  • Guest Accommodation Description: None
  • Intermediary: Yes
  • Levels: One
  • Living Area: 1344.00
  • Property Panorama: No
  • Special Listing Conditions: Standard
  • Special Features: None

Interior Features

  • Laundry Location: Multiple Locations
  • View: None
  • Accessibility Features: None
  • Property Condition: See Remarks
  • Security Features: None
  • Spa Features: None

Exterior Features

  • Exterior Features: None
  • Roof: Asphalt
  • Foundation: Pillar/Post/Pier, Slab
  • Patio And Porch Features: None
  • Pool Features: None
  • Private Pool: No
  • View: No
  • Waterfront Features: None

Garage/Parking

  • Parking Features: None

Utilities

  • Sewer: Public Sewer
  • Utilities: Electricity Available
  • Heating: None
  • Meter Description: Electric Separate
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)

Association/Amenities

  • Association: No
  • Community Features: None

Schools

  • School District: Austin ISD
  • Elementary School: Ortega
  • High School: Northeast Early College
  • Middle/Junior School: Martin

Lot Info

  • Lot Features: None
  • Parcel Number: 02082106550000
  • Lot Size Acres: 0.2140
  • Lot Size Sq Ft: 9321.84
  • Subdivision Name: Green Valley 01

Rental Info

  • Furnished: Unfurnished
  • Total Actual Rent: 2200.00
  • Pets Allowed: No

Building Info

  • Construction Materials: Masonry – All Sides

Multi Family

  • Number Of Units Total: 2

Tax Info

  • Tax Filled Sqft Total: 1344
  • Tax Rate: 2.37980000000000
  • Tax Year: 2014
  • Tax Annual Amount: 3028.00
  • Tax Exemptions: Homestead

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 1, 2016
Closed on
Mar 21, 2016
Sold by
Brumax Propertes Llc
Bought by
Parate Sachin
Seller's Agent
Robert Mitcham
Private Label Realty
Buyer's Agent
Tony Lazarov
Uptown Realty LLC
List Price
$259,000
Current Estimated Value
$425,808

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.52%

Purchase Details

Listed on
Feb 19, 2015
Closed on
May 28, 2015
Sold by
Willis Jeffrey and Huss Willis Shara Jaqueline Van
Bought by
Erwin Kenny
Seller's Agent
Perry Henderson
Douglas Elliman Real Estate
Buyer's Agent
Robert Mitcham
Private Label Realty
List Price
$189,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
62.16%
Original Mortgage
$220,000
Interest Rate
3.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 8, 2007
Sold by
Shearer Renetta A
Bought by
Willis Jeffrey

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$20,700
Interest Rate
5.9%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 7, 2005
Sold by
Gould Frances H
Bought by
The Shearer Family Living Trust

Purchase Details

Closed on
Sep 24, 2004
Sold by
Roberts C Daniel
Bought by
Gould Frances H

Purchase Details

Closed on
Dec 30, 1997
Sold by
Stokely Ted P
Bought by
Stokely Ted P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$35,000
Interest Rate
7.14%
Mortgage Type
Purchase Money Mortgage
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
Parate Sachin -- Century Oaks Title Co
Erwin Kenny -- None Available
Brumax Properties Llc -- None Available
Willis Jeffrey -- Fidelity National Title Co
The Shearer Family Living Trust -- Fidelity National Title
Gould Frances H -- --
Stokely Ted P -- Fidelity National Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Brumax Properties Llc $220,000
Previous Owner Willis Jeffrey $20,700
Previous Owner Stokely Ted P $35,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/21/2016 03/21/16 Sold -- -- --
03/07/2016 03/07/16 Pending -- -- --
03/01/2016 03/01/16 For Sale $259,000 0.0% $193 / Sq Ft
08/01/2015 08/01/15 Rented $1,200 0.0% --
07/23/2015 07/23/15 Under Contract -- -- --
07/13/2015 07/13/15 For Rent $1,200 0.0% --
05/29/2015 05/29/15 Sold -- -- -- View Prior Sale
05/18/2015 05/18/15 Pending -- -- --
02/19/2015 02/19/15 For Sale $189,000 -- $141 / Sq Ft
Source: Unlock MLS (Austin Board of REALTORS®)

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
2025 $6,796 $332,074 $253,828 $78,246
2023 $7,500 $414,552 $330,000 $84,552
2022 $8,167 $413,545 $280,500 $133,045
2021 $6,007 $275,975 $163,625 $112,350
2020 $5,581 $260,200 $163,625 $96,575
2018 $5,044 $227,819 $163,625 $64,194
2017 $5,335 $239,214 $154,000 $85,214
2016 $3,790 $169,000 $82,500 $86,500
2015 $3,028 $170,314 $82,500 $87,814
2014 $3,028 $127,239 $63,250 $63,989
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2016

    Robert Mitcham

    Private Label Realty

    (972) 567-7255

    Robert Mitcham
    Section Image
  • Tony Lazarov

    Buyer's Agent in 2016

    Tony Lazarov

    Uptown Realty LLC

    (979) 716-9754

    57 Total Sales

    Tony Lazarov
    Section Image
  • Perry Henderson

    Seller's Agent in 2015

    Perry Henderson

    Douglas Elliman Real Estate

    (512) 791-7462

    61 Total Sales

    Perry Henderson
    Section Image
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Map

Source: Unlock MLS (Austin Board of REALTORS®)

MLS Number: 1561559

Unlock MLS (Austin Board of REALTORS®)

APN: 198178

Texas Travis County Austin 78721 East MLK

1135 Lott Ave, Austin, TX

Not Listed for Sale

MultiFamily

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Unlock MLS (Austin Board of REALTORS®) Based on information from the Austin Board of REALTORS® (alternatively, from ACTRIS). Neither the Board nor ACTRIS guarantees or is in any way responsible for its accuracy. All data is provided “AS IS” and with all faults. Data maintained by the Board or ACTRIS may not reflect all real estate activity in the market.
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Based on information submitted to the MLS GRID

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