NOT LISTED FOR SALE

1507 Pine St Bonham, TX 75418

44 Beds
25 Baths
-- Sq Ft
178,596 Sq Ft

Last Sold July 31, 2024

25 Days on Market

Highlights

  • 1-Story Property
  • Concrete Flooring
  • Heating Available
  • Ceiling Fan

About This Home

As of July 2024

Fully Rented Apartment Complex with WAITING List. 23 Unit Apartment Complex ell established in the Heart of Bonham with 100 percent occupancy. 8 total building built at separate times is coming back on the market. Here you will find some of the lowest rent rates keeping tenants waiting to get in and providing much needed affordable housing in the area. Ranging from 1 bed room to 3 bedroom you have options for the needs of many. Owner financing is not only available, It's Required and it's the only way the investment opportunity can be offered at this low of a price.

Last Agent to Sell the Property

Jim SIMPSON

Weichert Realtors-Solid Ground Brokerage Phone: 903-583-4900 License #0467533 Listed on: 05/31/2024

Weichert Realtors-Solid Ground

Last Buyer's Agent

Brenda Atnip

FRONTIER PROPERTIES REAL ESTATE, LLC License #0304833

Property Details

Home Type

  • Apartment

Year Built

  • Built in 1982

Lot Details

  • 4.1 Acre Lot
  • Subdivision Possible

Home Design

  • Brick Exterior Construction
  • Slab Foundation
  • Composition Roof

Interior Spaces

  • 1-Story Property
  • Ceiling Fan

Kitchen

  • Electric Oven
  • Electric Cooktop

Flooring

  • Concrete
  • Vinyl

Bedrooms and Bathrooms

  • 44 Bedrooms
  • 25 Full Bathrooms

Parking

  • Gravel Driveway
  • Open Parking

Schools

  • Evans Elementary School
  • Rather Middle School
  • Bonham High School

Utilities

  • Cooling System Mounted To A Wall/Window
  • Window Unit Cooling System
  • Heating Available
  • Co-Op Water
  • Cable TV Available

Community Details

  • 8 Buildings
  • 23 Units
  • 36,298 Sq Ft Building
  • H Burkhart Surv Abs # 112 Subdivision

Listing and Financial Details

  • Assessor Parcel Number 000000071457
  • $15,183 per year unexempt tax

Property Details

Home Type

Apartment

Year Built

Built in 1982

Lot Details

4.1 Acres

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Apartment
  • Unit Levels: One
  • Year Built Details: Preowned
  • Multi Parcel I D Y N: Yes
  • Municipal Utility District Y N: No
  • Net Operation Income: 134991
  • Notice Surveillance Devices Pres: Video
  • Will Subdivide: Yes
  • Accessibility Features Yn: No
  • Ratio Current Price By Building: 41.32459
  • Attribution Contact: 903-583-4900
  • Special Features: None
  • Year Built: 1982

Interior Features

  • Interior Amenities: Cable TV Available
  • Flooring: Concrete, Vinyl, Other
  • Appliances: Electric Cooktop, Electric Oven

Beds/Baths

  • Full Bathrooms: 25
  • Total Bedrooms: 44

Exterior Features

  • Pool: No
  • Foundation: Slab
  • Roof: Composition
  • Construction Materials: Brick

Garage/Parking

  • Cooling System: Ceiling Fan(s), Wall/Window Unit(s), Window Unit(s)
  • Parking Features: Gravel, Open
  • Attached Garage YN: No
  • GarageYN: No

Utilities

  • Heating: Electric
  • Utilities: All Weather Road, Cable Available, City Sewer, Co-op Water

Condo/Co-op/Association

  • Complex Name: Pine Oak
  • Association Type: None

Schools

  • School District: Bonham ISD
  • Elementary School: Evans
  • Junior High School: Rather

Lot Info

  • Lot Size: 3 to < 5 Acres
  • Lot Features: Acreage
  • Lot Size Units: Acres
  • Lot Size Area: 4.1000
  • Parcel Number: 000000071457
  • Lot Size Acres: 4.1000
  • Lot Size Sq Ft: 178596.0000
  • Assessor Parcel Number 2: 71458, 71298

Green Features

  • Smart Home Features Appor Pass Y: No

Building Info

  • Year Built: 1982
  • Units Total: 23

Multi Family

  • Gross Annual Expenses: 46388.61
  • Gross Annual Income: 195600.00
  • Insurance Expense: 14220
  • Unit Count: 4

Tax Info

  • Unexempt Taxes: 15183
  • Special Taxing Entities: No

MLS Schools

  • Elementary School Name: Evans
  • High School Name: Bonham
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Property History

Date Event Price List to Sale Price per Sq Ft
07/31/2024 07/31/24 Sold -- -- --
06/26/2024 06/26/24 Pending -- -- --
06/11/2024 06/11/24 For Sale $1,700,000 0.0% --
06/05/2024 06/05/24 Off Market -- -- --
05/31/2024 05/31/24 For Sale $1,700,000 -- --
Source: North Texas Real Estate Information Systems (NTREIS)

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 $23,845 $1,229,350 $291,770 $937,580
2024 $14,853 $765,770 $116,770 $649,000
2023 $15,183 $770,000 $98,087 $671,913
2022 $14,955 $680,000 $104,540 $575,460
2021 $14,537 $575,170 $30,710 $544,460
2020 $13,743 $537,670 $29,400 $508,270
2019 $13,387 $503,750 $18,300 $485,450
2018 $11,188 $421,560 $18,300 $403,260
2017 $11,100 $434,310 $18,300 $416,010
2016 $11,416 $446,650 $18,300 $428,350
2015 -- $437,680 $16,990 $420,690
2014 -- $380,960 $15,680 $365,280
Source: Public Records

Agents Affiliated with this Home

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Map

Source: North Texas Real Estate Information Systems (NTREIS)

MLS Number: 20632422

North Texas Real Estate Information Systems (NTREIS)
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