NOT LISTED FOR SALE

Estimated Value: $248,433 - $394,000

4 Beds
2 Baths
1,550 Sq Ft
$199/Sq Ft Est. Value

Last Sold June 23, 2023

Current estimated payment $2,252/month

25 Days on Market

Highlights

  • Corner Lot
  • Private Yard
  • 1-Story Property
  • Granite Countertops
  • Eat-In Kitchen
  • Luxury Vinyl Plank Tile Flooring

About This Home

As of June 2023

This duplex is a great investment opportunity! It is fully occupied, meaning that you will start generating rental income right away. Each unit has 2 bedrooms and 1 bath, making it ideal for small families or couples. The recent updates, including granite countertops, appliances, and new AC units inside and out, will help attract and retain tenants, saving you money on repairs and maintenance. Don't miss this chance to own a profitable rental property in a desirable location!
Unit A leases for $1350 per month
Unit B leases for $1325 per month
All information deemed reliable but not guaranteed. Buyers and buyer's agents to verify all room sizes, square footage, taxes, acres, and schools

Last Agent to Sell the Property

Janice Hill

Texas Real Estate Professionals License #0671209 Listed on: 05/17/2023

Co-Listed By

Sherri Hamilton

Texas Real Estate Professionals License #0483529

Last Buyer's Agent

Rylee Friesen

Independent Realty License #0739748

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1982

Lot Details

  • 0.31 Acre Lot
  • Wood Fence
  • Corner Lot
  • Private Yard
  • Back Yard

Home Design

  • Duplex
  • Brick Exterior Construction
  • Slab Foundation
  • Composition Roof
  • Siding

Interior Spaces

  • 1,550 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Decorative Lighting
  • Luxury Vinyl Plank Tile Flooring

Kitchen

  • Eat-In Kitchen
  • Electric Range
  • Microwave
  • Dishwasher
  • Granite Countertops

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Parking

  • 4 Parking Spaces
  • 2 Carport Spaces
  • Assigned Parking

Outdoor Features

  • Exterior Lighting

Schools

  • Gerard Elementary School
  • Lowell Smith Middle School
  • Cleburne High School

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater

Community Details

  • 1,550 Sq Ft Building
  • Park Air Estates Subdivision

Listing and Financial Details

  • Legal Lot and Block 22 / 4
  • Assessor Parcel Number 126296000621
  • $3,741 per year unexempt tax

Property Details

Home Type

Multi-Family

Year Built

Built in 1982

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
  • Will Subdivide: No
  • Accessibility Features Yn: No
  • Ratio Current Price By Building: 220.00000
  • Attribution Contact: 817-517-7699
  • Special Features: None
  • Year Built: 1982

Interior Features

  • Square Footage: 1550.00
  • Interior Amenities: Decorative Lighting, Eat-in Kitchen, Granite Counters
  • Flooring: Luxury Vinyl Plank
  • Appliances: Dishwasher, Electric Range, Electric Water Heater, Microwave, Refrigerator
  • Basement YN: No

Beds/Baths

  • Full Bathrooms: 2
  • Total Bedrooms: 4

Exterior Features

  • Pool: No
  • Foundation: Slab
  • Fencing: Back Yard, Wood
  • Roof: Composition
  • Construction Materials: Brick, Siding
  • Exterior Features: Lighting, Private Yard
  • Waterfront: No

Garage/Parking

  • Cooling System: Ceiling Fan(s), Central Air
  • Carport Spaces: 2
  • Total Covered Spaces: 2
  • Number Of Parking Spaces: 4
  • Parking Features: Assigned
  • Attached Garage YN: No
  • GarageYN: No

Utilities

  • Heating: Central
  • Utilities: All Weather Road, City Sewer, City Water

Condo/Co-op/Association

  • Complex Name: Park Air
  • Association Type: None

Schools

  • School District: Cleburne ISD
  • Elementary School: Gerard

Lot Info

  • Lot Features: Corner Lot
  • Lot Size Units: Acres
  • Lot Size Area: 0.3060
  • Parcel Number: 126296000621
  • Lot Size Acres: 0.3060
  • Lot Size Sq Ft: 13329.3600

Green Features

  • Smart Home Features Appor Pass Y: No

Building Info

  • Year Built: 1982
  • Units Total: 2

Multi Family

  • Gross Annual Expenses: 4380.00
  • Gross Annual Income: 32100.00
  • Insurance Expense: 2100
  • Unit Count: 2

Tax Info

  • Unexempt Taxes: 3741
  • Special Taxing Entities: No
  • TaxBlock: 4
  • Tax Lot: 22

MLS Schools

  • Middle School Name: Lowell Smith
  • Elementary School Name: Gerard
  • High School Name: Cleburne

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 4, 2022
Sold by
Ben Hill Jones Profit Sharing Plan
Bought by
Texan Mutual Llc
Current Estimated Value
$308,608

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$634,949
Outstanding Balance
$602,425
Interest Rate
5.11%
Mortgage Type
New Conventional
Estimated Equity
-$293,817

Purchase Details

Closed on
Apr 27, 2022
Sold by
Texan Mutual Llc
Bought by
Zee 1 Holdings Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$634,949
Outstanding Balance
$602,425
Interest Rate
5.11%
Mortgage Type
New Conventional
Estimated Equity
-$293,817

Purchase Details

Closed on
Mar 1, 2017
Sold by
Chastain Tammy
Bought by
Wx2 Properties Llc

Purchase Details

Closed on
Oct 22, 2014
Sold by
The Secretary Of Hud
Bought by
Chastain Tammy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$70,970
Interest Rate
4.87%
Mortgage Type
FHA

Purchase Details

Closed on
May 28, 2014
Sold by
Village Capital 7 Investment Llc
Bought by
Secretary Of Hud

Purchase Details

Closed on
Sep 8, 2013
Sold by
Thompson Billy J and Thompson Martha P
Bought by
Village Capital & Investment Llc

Purchase Details

Closed on
Jul 13, 2011
Sold by
Thompson Billy J and Thompson Martha P
Bought by
Village Capital & Investment Llc
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
Texan Mutual Llc -- None Listed On Document
Zee 1 Holdings Llc -- None Listed On Document
Wx2 Properties Llc -- Providence Title Co
Chastain Tammy -- None Available
Secretary Of Hud -- None Available
Village Capital & Investment Llc -- None Available
Village Capital & Investment Llc $130,986 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Zee 1 Holdings Llc $634,949
Previous Owner Chastain Tammy $70,970
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/23/2023 06/23/23 Sold -- -- --
06/11/2023 06/11/23 Pending -- -- --
05/17/2023 05/17/23 For Sale $349,999 -- $226 / 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 $7,549 $293,008 $50,000 $243,008
2024 $7,549 $338,572 $50,000 $288,572
2023 $3,326 $149,480 $16,500 $132,980
2022 $3,741 $149,480 $16,500 $132,980
2021 $10,044 $384,956 $33,000 $351,956
2020 $6,869 $247,886 $28,000 $219,886
2019 $7,162 $242,386 $22,500 $219,886
2018 $7,165 $242,386 $22,500 $219,886
2017 $7,135 $242,386 $22,500 $219,886
2016 $5,841 $198,424 $12,500 $185,924
2015 $4,619 $198,424 $12,500 $185,924
2014 $4,619 $173,272 $12,500 $160,772
Source: Public Records

Agents Affiliated with this Home

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Map

Source: North Texas Real Estate Information Systems (NTREIS)

MLS Number: 20331716

North Texas Real Estate Information Systems (NTREIS)

APN: 126-2960-00621