NOT LISTED FOR SALE

116 N Taylor St Gainesville, TX 76240

Estimated Value: $114,204 - $218,000

3 Beds
2 Baths
1,943 Sq Ft
$78/Sq Ft Est. Value

Last Sold October 28, 2024

Current estimated payment $1,012/month

58 Days on Market

Highlights

  • Wood Flooring
  • 1-Story Property
  • Space Heater
  • Covered Patio or Porch

About This Home

As of October 2024

Duplex - updated but still some TLC needed. No central air or heat. Each unit is separately metered, and tenants are responsible for paying all utilities. Zoned C-2 Commercial, so it could be used as a small office, light retail space, or kept as a residential duplex. Unit A is a 1 bedroom that's 968 sqft & Unit B is a 2 bedroom that's 1,014 sqft. This property is a great investment opportunity, priced below the appraised value.

Last Agent to Sell the Property

Tabi Imah

Pinnacle Realty Advisors Brokerage Phone: 214-430-3341 License #0774835 Listed on: 06/22/2024

Pinnacle Realty Advisors

Last Buyer's Agent

Stephen Weidenheft

New Western Acquisitions License #0785757

New Western Acquisitions

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,555

Year Built

  • Built in 1940

Lot Details

  • 0.26

Home Design

  • Duplex
  • Pillar, Post or Pier Foundation
  • Composition Roof
  • Siding

Kitchen

  • Electric Range
  • Dishwasher

Flooring

  • Wood
  • Linoleum
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Parking

  • 4 Car Garage
  • Front Facing Garage
  • Rear-Facing Garage
  • Open Parking
  • Unassigned Parking

Schools

  • Edison Elementary School
  • Gainesvill Middle School
  • Lee Middle School
  • Gainesvill High School

Utilities

  • Window Unit Cooling System
  • Space Heater
  • Wall Furnace
  • Individual Gas Meter

Additional Features

  • 1-Story Property
  • Covered Patio or Porch
  • 0.26 Acre Lot

Community Details

  • 2 Units
  • 1,943 Sq Ft Building
  • Clements I Subdivision

Listing and Financial Details

  • Legal Lot and Block 1 / 1
  • Assessor Parcel Number 17222
  • $2,327 per year unexempt tax

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,555

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Duplex
  • Unit Levels: One
  • Year Built Details: Preowned
  • Multi Parcel I D Y N: No
  • Municipal Utility District Y N: No
  • Net Operation Income: 21600
  • Will Subdivide: No
  • Accessibility Features Yn: No
  • Ratio Current Price By Building: 58.15749
  • Attribution Contact: 214-430-3341
  • Special Features: None
  • Year Built: 1940

Interior Features

  • Interior Amenities: Other
  • Flooring: Linoleum, Vinyl, Wood
  • Appliances: Dishwasher, Electric Range, Refrigerator
  • Basement YN: No

Beds/Baths

  • Full Bathrooms: 2
  • Total Bedrooms: 3

Exterior Features

  • Pool: No
  • Foundation: Pillar/Post/Pier
  • Roof: Composition
  • Construction Materials: Siding
  • Patio And Porch Features: Covered, Front Porch

Garage/Parking

  • Cooling System: Window Unit(s)
  • Number Of Parking Spaces: 4
  • Parking Features: Garage Faces Front, Garage Faces Rear, Open, Unassigned
  • Attached Garage YN: No
  • GarageYN: No

Utilities

  • Heating: Space Heater, Wall Furnace
  • Utilities: Asphalt, City Sewer, City Water, Curbs, Individual Gas Meter, Individual Water Meter

Condo/Co-op/Association

  • Association Type: None

Schools

  • School District: Gainesville ISD
  • Elementary School: Edison
  • Intermediate School: Lee
  • Junior High School: Gainesvill

Lot Info

  • Lot Size: Less Than .5 Acre (not Zero)
  • Lot Size Units: Acres
  • Lot Size Area: 0.2590
  • Parcel Number: 17222
  • Lot Size Acres: 0.2590
  • Lot Size Sq Ft: 11282.0400

Green Features

  • Smart Home Features Appor Pass Y: No

Building Info

  • Year Built: 1940
  • Units Total: 2

Multi Family

  • Gross Annual Income: 21600.00
  • Insurance Expense: 600
  • Unit Count: 2

Tax Info

  • Unexempt Taxes: 2327
  • TaxBlock: 1
  • Tax Lot: 1

MLS Schools

  • Elementary School Name: Edison
  • High School Name: Gainesvill

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 22, 2024
Closed on
Oct 25, 2024
Sold by
Herlihy John
Bought by
Gansan Properties Llc
Seller's Agent
Tabi Imah
Pinnacle Realty Advisors
Buyer's Agent
Stephen Weidenheft
New Western Acquisitions
List Price
$149,000
Views
13
Current Estimated Value
$151,801

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.34%

Purchase Details

Closed on
May 25, 2010
Sold by
Ernst Jeanice Marie and Ernst James W
Bought by
Herlihy John

Purchase Details

Closed on
Feb 18, 2005
Sold by
Kwik Industries Inc
Bought by
Dyad Holdings Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$235,000
Interest Rate
5.77%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 3, 2005
Sold by
Hutchins Susan Whaley and Whaley Dennis
Bought by
Kwik Industries Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$235,000
Interest Rate
5.77%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 31, 2005
Sold by
Alston Herbert Leo
Bought by
Alston Roy Stephen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$235,000
Interest Rate
5.77%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 21, 2004
Sold by
Hutcherson David and Hutcherson Karla M
Bought by
Kwik Industries Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$235,000
Interest Rate
5.77%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 20, 2004
Sold by
Hutchins Susan Whaley and Whaley Dennis
Bought by
Kwik Industries Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$235,000
Interest Rate
5.77%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Gansan Properties Llc -- Spartan Title
Gansan Properties Llc -- Spartan Title
Gansan Properties Llc -- Spartan Title
Herlihy John -- --
Dyad Holdings Inc -- --
Kwik Industries Inc -- --
Alston Roy Stephen -- --
Kwik Industries Inc -- --
Kwik Industries Inc -- --
Kwik Industries Inc -- --
Kwik Industries Llc -- --
Kwik Industries Inc -- --
Kwik Industries Llc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Dyad Holdings Inc $235,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/28/2024 10/28/24 Sold -- -- --
08/20/2024 08/20/24 Pending -- -- --
08/12/2024 08/12/24 Price Changed $139,000 -6.7% $72 / Sq Ft
07/31/2024 07/31/24 For Sale $149,000 0.0% $77 / Sq Ft
07/26/2024 07/26/24 Pending -- -- --
07/19/2024 07/19/24 Price Changed $149,000 -9.1% $77 / Sq Ft
06/22/2024 06/22/24 For Sale $164,000 -- $84 / 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
2025 $2,555 $136,583 $43,683 $92,900
2024 $2,555 $134,805 $43,731 $91,074
2023 $2,327 $118,634 $39,663 $78,971
2022 $2,401 $110,288 $35,369 $74,919
2021 $2,200 $85,446 $31,075 $54,371
2020 $2,099 $79,054 $31,075 $47,979
2019 $1,884 $68,950 $28,250 $40,700
2018 $1,777 $65,105 $28,250 $36,855
2017 $1,721 $63,316 $28,250 $35,066
2015 -- $62,595 $28,250 $34,345
2014 -- $62,398 $28,250 $34,148
Source: Public Records

Agents Affiliated with this Home

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Map

Source: North Texas Real Estate Information Systems (NTREIS)

MLS Number: 20652412

North Texas Real Estate Information Systems (NTREIS)

APN: 17222