NOT LISTED FOR SALE

1505 Park St Commerce, TX 75428

Estimated Value: $55,000

0.25 Acre
$216,535 Price per Acre
11,064 Sq Ft Lot

Last Sold June 26, 2023

Current estimated payment $357/month

308 Days on Market

About This Lot

As of June 2023

Over a Quarter Acre Residential (Multi-Family) lot ready to build on. *****This the property is zoned for an apartment building. The seller has a 4 unit plan with parking lot and can sell the plan for a fee. Close to the downtown square and just a few blocks off campus. Not many residential lots currently available in Commerce so don't miss out on this one!
***Commerce is a busy college town, so if you are looking to build a single family home, duplex or 4-plex** this could be the perfect place.

Last Agent to Sell the Property

Tammy Watson

Keller Williams Realty DPR License #0425191 Listed on: 08/03/2022

Keller Williams Realty DPR

Co-Listed By

Scott Watson

Keller Williams Realty DPR License #0442563

Last Buyer's Agent

JOSEPH OWEN

EIGHTY4 REALTY, LLC License #0662362

Property Details

Property Type

  • Land

Lot Details

  • 0.25 Acre Lot
  • Cleared Lot
  • Zoning described as Residential (Multi-Family)

Schools

  • Commerce Elementary And Middle School
  • Commerce High School

Community Details

  • Orig Town Of Commerce Subdivision

Listing and Financial Details

  • Legal Lot and Block 10A / 20
  • Assessor Parcel Number 54395
  • $268 per year unexempt tax

Property Details

Property Type

Land

Lot Details

0

Listing Details

  • Property Type: Land
  • Property Sub Type: Unimproved Land
  • Restrictions: Deed
  • Multi Parcel I D Y N: No
  • Municipal Utility District Y N: No
  • Notice Surveillance Devices Pres: None
  • Will Subdivide: No
  • Agricultural Exemption YN: No
  • Attribution Contact: 972-732-6000
  • Special Features: None

Exterior Features

  • Easements: Electric
  • Soil Type: Unknown
  • RoadFrontageType: City Street
  • RoadSurfaceType: Concrete

Utilities

  • Utilities: City Sewer, City Water, Electricity Available

Condo/Co-op/Association

  • Association Type: None

Association/Amenities

  • DevelopmentStatus: City Limits

Schools

  • School District: Commerce ISD

Lot Info

  • Lot Size: Less Than .5 Acre (not Zero)
  • Lot Features: Cleared
  • Lot Size Units: Acres
  • Lot Size Area: 0.2540
  • Parcel Number: 54395
  • Lot Size Acres: 0.2540
  • Lot Size Sq Ft: 11064.2400
  • Zoning Description: Residential (Multi-Family)
  • Possible Use: Multi-Family, Residential
  • Present Use: Residential, Vacant

Tax Info

  • Unexempt Taxes: 268
  • Special Taxing Entities: No
  • TaxBlock: 20
  • Tax Lot: 10A

MLS Schools

  • Middle School Name: Commerce
  • Elementary School Name: Commerce
  • High School Name: Commerce

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 3, 2022
Closed on
Jun 26, 2023
Sold by
Swc Group Ventures Llc
Bought by
Johnson Angela
Seller's Agent
Tammy Watson
Keller Williams Realty DPR
Buyer's Agent
JOSEPH OWEN
EIGHTY4 REALTY, LLC
List Price
$50,000
Views
81
Current Estimated Value
$55,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.55%

Purchase Details

Listed on
Jul 15, 2021
Closed on
Aug 27, 2021
Sold by
Philip Cross Mark
Bought by
Swc Group Ventures Llc
Seller's Agent
Jeremy Dicken
CENTURY 21 Patterson Agency
Buyer's Agent
Tammy Watson
Keller Williams Realty DPR
List Price
$30,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.42%
Original Mortgage
$25,500
Interest Rate
2.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 22, 2008
Sold by
Petty Ryan T
Bought by
Cross Philip Mark and Cross Stacia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$40,000
Interest Rate
6.29%
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
Johnson Angela -- Allegiance Title
Swc Group Ventures Llc -- North Texas Title
Cross Philip Mark -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Swc Group Ventures Llc $25,500
Previous Owner Cross Philip Mark $40,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/26/2023 06/26/23 Sold -- -- --
06/07/2023 06/07/23 Pending -- -- --
05/11/2023 05/11/23 Price Changed $48,500 -1.0% $25 / Sq Ft
05/01/2023 05/01/23 Price Changed $49,000 -2.0% $25 / Sq Ft
08/03/2022 08/03/22 For Sale $50,000 +66.7% $26 / Sq Ft
08/27/2021 08/27/21 Sold -- -- -- View Prior Sale
07/18/2021 07/18/21 Pending -- -- --
07/15/2021 07/15/21 For Sale $30,000 -- $15 / 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 $842 $30,270 $30,270 --
2024 $842 $32,670 $32,670 --
2023 $842 $29,950 $29,950 $0
2022 $573 $20,580 $20,580 $0
2021 $278 $9,610 $9,610 $0
2020 $288 $9,610 $9,610 $0
2019 $285 $9,170 $9,170 $0
2018 $152 $4,860 $4,860 $0
2017 $152 $4,860 $4,860 $0
2016 $780 $25,000 $4,860 $20,140
2015 $1,163 $36,120 $6,630 $29,490
2014 $1,163 $36,120 $6,630 $29,490
Source: Public Records

Agents Affiliated with this Home

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Map

Source: North Texas Real Estate Information Systems (NTREIS)

MLS Number: 20131634

North Texas Real Estate Information Systems (NTREIS)

APN: 54395