NOT LISTED FOR SALE

1205 Covey Ln Killeen, TX 76542

Estimated Value: $350,000 - $383,000

-- Bed
1 Bath
9,380 Sq Ft
$39/Sq Ft Est. Value

Last Sold July 19, 2019

Current estimated payment $2,474/month

75 Days on Market

Highlights

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

About This Home

As of July 2019

This is a solid investment property . It regularly generates more than $2600 in monthly income. Stable long term tenants with strong rental history. Recent property improvements include but were not limited to interior painting , flooring , and hvac service. What are you waiting for ? Send in your full price offer today ! There are very few high performing, renovated, 4-plexes for sale in our market. The owner renovated each unit with the exception of Apt A. All the other apts include kitchen appliances, ceiling fans, window screens, laminate flooring + carpet , storage rooms for each apt, and adequate parking (6 parking spaces). This 4-plex is one of the largest units that is currently for sale. This 4-plex routinely stays occupied and the Property Manager is intentionally leaving an apartment on a month to month lease so our Veterans can consider purchasing it. Did you know that you can use your VA benefits to purchase the property? Call the Listing Agent today to discuss how you can purchase and close this property within 30 days. If you don't have a property management company in mind , you can keep the current property management company in place for continuity.

Last Agent to Sell the Property

Shanell M. Watson

The Real Estate Home Team Llc License #0583386 Listed on: 04/04/2019

The Real Estate Home Team Llc

Last Buyer's Agent

Dave Ottley

Ottley Group Real Estate License #0636534

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,454

Year Built

  • Built in 1982

Lot Details

  • 9,531 Sq Ft Lot
  • Wood Fence

Parking

  • No Garage

Home Design

  • Quadruplex
  • Traditional Architecture
  • Slab Foundation
  • Masonry

Interior Spaces

  • 9,380 Sq Ft Home
  • Property has 2 Levels
  • Fireplace
  • Washer and Electric Dryer Hookup

Kitchen

  • Electric Range
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Tile

Location

  • City Lot

Schools

  • Ellison High School

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater

Community Details

  • No Home Owners Association
  • 4 Units
  • Quail Run Estates Subdivision

Listing and Financial Details

  • Legal Lot and Block 5 / 2
  • Assessor Parcel Number 59148

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,454

Year Built

Built in 1982

Lot Details

0

Listing Details

  • Architectural Style: Traditional
  • Directions: Trimmer Road - Turn on Bacon Ranch Rd - Turn on Covey
  • Garage Yn: No
  • Inclusions: None
  • Unit Levels: Two
  • Lot Size Acres: 0.2188
  • Property Sub Type: Quadruplex
  • Property Sub Type Additional: Quadruplex,Multi Family
  • Prop. Type: Residential
  • Road Frontage Type: City Street
  • Road Surface Type: None
  • Building Stories: 2
  • Subdivision Name: Quail Run Estates
  • Water Body Name: None
  • Year Built: 1982
  • Special Features: None
  • Stories: 2

Interior Features

  • Accessibility Features: None
  • Appliances: Dishwasher, Electric Range, Electric Water Heater, Disposal, Microwave, Refrigerator
  • Fireplace Features: Wood Burning
  • Fireplace: Yes
  • Flooring: Carpet, Tile
  • Living Area: 9380.0
  • ResoLivingAreaSource: Appraiser

Exterior Features

  • Construction Type: Masonry, Wood Siding
  • Fencing: Wood
  • Foundation Details: Slab
  • Lot Features: City Lot, None
  • Roof: Composition, Shingle
  • View: None
  • View: No
  • Waterfront: No

Garage/Parking

  • Parking Features: No Garage

Utilities

  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Laundry Features: Washer Hookup, Electric Dryer Hookup
  • Sewer: Public Sewer
  • Utilities: None
  • Water Source: Public

Condo/Co-op/Association

  • Amenities: None
  • Association: No
  • Community Features: None

Schools

  • High School: Ellison High School
  • Junior High Dist: Killeen ISD

Lot Info

  • Parcel #: 59148
  • ResoLotSizeUnits: Acres

Multi Family

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

Tax Info

  • Tax Block: 2
  • Tax Lot: 5

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 4, 2019
Closed on
Jul 19, 2019
Sold by
Kidd Lorenzo and Kidd Estrellita
Bought by
Kushalnagar Nandakishore R
Seller's Agent
Shanell M. Watson
The Real Estate Home Team Llc
Buyer's Agent
Dave Ottley
Ottley Group Real Estate
List Price
$226,000
Current Estimated Value
$366,663

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.16%
Original Mortgage
$169,500
Outstanding Balance
$149,132
Interest Rate
3.82%
Mortgage Type
New Conventional
Estimated Equity
$217,881

Purchase Details

Listed on
Sep 24, 2014
Closed on
Mar 16, 2015
Sold by
Kim Dug Gi and Kim Eun Hee
Bought by
Kidd Lorenzo and Kidd Estrellita
Seller's Agent
David Barr
David Barr Properties
Buyer's Agent
David Barr
David Barr Properties
List Price
$180,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.09%
Original Mortgage
$126,000
Interest Rate
3.68%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 25, 2006
Sold by
Kidd Robert J
Bought by
Kim Dug Gi and Kim Eun Hee
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
Kushalnagar Nandakishore R -- Capital Title
Kidd Lorenzo -- None Available
Kim Dug Gi -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kushalnagar Nandakishore R $169,500
Previous Owner Kidd Lorenzo $126,000
Previous Owner Kim Dug Gi $100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/19/2019 07/19/19 Sold -- -- --
06/19/2019 06/19/19 Pending -- -- --
04/04/2019 04/04/19 For Sale $226,000 0.0% $24 / Sq Ft
12/27/2016 12/27/16 Rented $650 -18.8% --
11/27/2016 11/27/16 Under Contract -- -- --
08/15/2016 08/15/16 Rented $800 +15.1% --
07/16/2016 07/16/16 Under Contract -- -- --
03/06/2016 03/06/16 For Rent $695 -13.1% --
08/19/2015 08/19/15 For Rent $800 0.0% --
03/20/2015 03/20/15 Sold -- -- --
02/18/2015 02/18/15 Pending -- -- --
09/24/2014 09/24/14 For Sale $180,000 -- $38 / 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
2025 $6,454 $340,394 $56,000 $284,394
2024 $6,454 $324,000 $56,000 $268,000
2023 $5,781 $305,412 $30,000 $275,412
2022 $4,116 $195,601 $30,000 $165,601
2021 $3,946 $164,221 $30,000 $134,221
2020 $2,598 $102,997 $30,000 $72,997
2019 $4,827 $183,289 $9,875 $173,414
2018 $3,111 $126,739 $8,889 $117,850
2017 $3,276 $132,760 $8,889 $123,871
2016 $3,375 $136,776 $8,889 $127,887
2015 $3,675 $142,800 $8,889 $133,911
2014 $3,675 $148,823 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Central Texas MLS (CTXMLS)

MLS Number: 374144

Central Texas MLS (CTXMLS)

APN: 59148