NOT LISTED FOR SALE

Estimated Value: $461,000 - $659,317

3 Beds
2 Baths
6,150 Sq Ft
$92/Sq Ft Est. Value

Last Sold June 29, 2022

Current estimated payment $3,963/month

42 Days on Market

Highlights

  • Horses Allowed On Property
  • 1.01 Acre Lot
  • Central Heating and Cooling System
  • Built in 2018 | Newly Remodeled
  • Handicap Accessible
  • High Speed Internet

About This Home

As of June 2022

There are 3 addresses to this property - side by side - 1153/1155/1157 Perry Rd. - all offered as part of this portfolio purchase. 6 units across 3 properties. 3 units are 1500sf, 3 bed/2bath and 3 units are 550sf 1bed/1bath units. Fully leased, new construction 6-plex. Designed and built by Ma Modular in 2018 this property is 1.01 acres in booming East Austin. Stained concrete floors giving each unit a modern and industrial feel. Open design with kitchen and living area. Value add potential with sub market rents.

Last Agent to Sell the Property

Michael Covey

Dovetail Commercial Real Estat License #0691136 Listed on: 04/08/2022

Last Buyer's Agent

Non Member

Non Member License #785011

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,388

Year Built

  • Built in 2018 | Newly Remodeled

Lot Details

  • 1.01 Acre Lot
  • 898108 898107 898106
  • The community has rules related to zoning restrictions

Home Design

  • Blown-In Insulation
  • Concrete Siding
  • Metal Siding
  • Vinyl Siding

Interior Spaces

  • 6,150 Sq Ft Home
  • 1-Story Property
  • Concrete Flooring
  • Fire and Smoke Detector

Parking

  • 10 Parking Spaces
  • Driveway

Utilities

  • Central Heating and Cooling System
  • Municipal Utilities District for Water and Sewer
  • High Speed Internet
  • Phone Available
  • Cable TV Available

Additional Features

  • Handicap Accessible
  • Horses Allowed On Property

Listing and Financial Details

  • Tax Lot 1
  • Assessor Parcel Number 02042008600000
  • 2% Total Tax Rate

Community Details

Overview

  • 6 Buildings
  • Built by Ma Modular
  • Johnston Terrace Subdivision

Building Details

  • Operating Expense $53,184

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,388

Year Built

Built in 2018 | Newly Remodeled

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Sub Type: Multi Family
  • Building Area Total: 6150.00
  • Restrictions: Lease, Zoning
  • Year Built: 2018
  • Acquisition Inclusion: Business, Building & Land
  • Additional Parcels Description: 898108 898107 898106
  • Additional Parcels: Yes
  • Anchors Co-Tenants: 6 different units with 6 separate tenants
  • Current Use: Multi-Family
  • Directions: East Austin. Perry Rd and Jain Ln.
  • Disclosures: None
  • Estimated Taxes: 38000.00
  • ETJ Extra Territorial Jurdn: No
  • Existing Lease Type: Gross
  • FEMA Flood Plain: No
  • Green Energy Efficient: None
  • Green Sustainability: None
  • Intermediary: Yes
  • Lease Expiration: 2022-10-31
  • Occupancy Percent: 100
  • Other Equipment: None
  • Other Structures: None
  • Road Surface Type: Concrete, Gravel
  • Special Listing Conditions: Standard
  • Special Features: NewHome

Interior Features

  • Flooring: Concrete
  • Accessibility Features: FullyAccessible
  • Property Condition: New Construction
  • Security Features: Smoke Detector(s), Varies By Unit
  • Stories: 1

Exterior Features

  • Builder Name: Ma Modular
  • Waterfront: No

Garage/Parking

  • Parking Features: None
  • Parking Ratio: 1.50
  • Total Parking Spaces: 10.00

Utilities

  • Sewer: Municipal Utility District (MUD)
  • Utilities: Cable Available, Electricity Connected, Internet-Cable, Internet-Fiber, Natural Gas Available, Phone Available, Sewer Connected, Water Connected
  • Heating: Central
  • Water Source: Municipal Utility District (MUD)
  • Cooling: Central Air

Lot Info

  • Parcel Number: 02042008600000
  • Lot Size Acres: 1.0100
  • Lot Size Sq Ft: 43995.60
  • Subdivision Name: Johnston Terrace
  • Zoning Description: SF-3

Rental Info

  • Years On Lease: 1

Building Info

  • Building Features: See Remarks
  • Construction Materials: Concrete, Blown-In Insulation, Metal Siding, Vinyl Siding
  • New Construction: Yes
  • Number Of Buildings: 6

Multi Family

  • Operating Expense: 53183.64

Tax Info

  • Tax Lot: 1
  • Tax Rate: 2.17668000000000
  • Tax Year: 2021
  • Tax Annual Amount: 12388.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 8, 2022
Closed on
Jun 24, 2022
Sold by
Cad Ranch Llc
Bought by
Rippy Real Estate Holdings Llc
Seller's Agent
Michael Covey
Dovetail Commercial Real Estat
Buyer's Agent
Non Member
Non Member
List Price
$2,633,597
Current Estimated Value
$565,079

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-32.48%
Original Mortgage
$191,000
Outstanding Balance
$181,706
Interest Rate
5.25%
Mortgage Type
New Conventional
Estimated Equity
$383,373

Purchase Details

Listed on
Mar 4, 2016
Closed on
May 27, 2016
Sold by
Vargas Emilia
Bought by
Hunt Brandon Ramiah
Seller's Agent
Alice Limon
Real Estate Executives of Aus
Buyer's Agent
Doug Roberts
Moreland Properties
List Price
$549,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
29.10%
Original Mortgage
$375,000
Interest Rate
3.58%
Mortgage Type
Commercial
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
Rippy Real Estate Holdings Llc -- Austin Title Company
Hunt Brandon Ramiah -- Independence Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rippy Real Estate Holdings Llc $191,000
Previous Owner Hunt Brandon Ramiah $375,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/29/2022 06/29/22 Sold -- -- --
05/20/2022 05/20/22 Pending -- -- --
04/08/2022 04/08/22 For Sale $2,633,597 +379.7% $428 / Sq Ft
05/27/2016 05/27/16 Sold -- -- -- View Prior Sale
04/06/2016 04/06/16 Pending -- -- --
03/04/2016 03/04/16 For Sale $549,000 -- $214 / 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 $12,333 $602,632 $338,979 $263,653
2023 $12,487 $690,180 $300,000 $390,180
2022 $13,537 $685,432 $300,000 $385,432
2021 $12,388 $569,140 $150,000 $419,140
2020 $9,772 $455,609 $150,000 $305,609
2018 $3,321 $150,000 $150,000 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Unlock MLS (Austin Board of REALTORS®)

MLS Number: 1324223

Unlock MLS (Austin Board of REALTORS®)

APN: 898109

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