NOT LISTED FOR SALE

1513 Lazy Ln Corpus Christi, TX 78415

Downtown Corpus Christi Neighborhood

Estimated Value: $585,000

-- Bed
-- Bath
10,835 Sq Ft
$54/Sq Ft Est. Value

Last Sold April 30, 2018

Current estimated payment $4,121/month

227 Days on Market

Highlights

  • Attached Garage
  • Window Unit Cooling System
  • Ceiling Fan
  • Interior Lot
  • Breakfast Bar
  • Wood Siding

About This Home

As of April 2018

INVESTORS!!!!.......Maximize the potential of this income producing property and reap the financial gains! This package includes 7 duplexes, 2 fourplexes, and 1 single efficiency for a TOTAL of 23 units. Each unit is approximately 525sqft. with 1 full bath, and kitchen. New roofs Dec. of 2015, plumbing updated to PVC and a reroute completed in Jan of 2016. Rents average $525 per unit with a potential gross monthly income of $12,075.00!.... THATS A POTENTIAL OF $145,000 PER YEAR! 7 duplexes are located at 1513 lazy lane, and the other 2 fourplexes and single efficiency are located at 2907 Norton. Units are individually metered for electric, owner pays water. All units are efficiencies / 1BA. PROPERTY IS OCCUPIED, DO NOT APPROACH ANY TENANTS. APPOINTMENT ONLY.

Last Agent to Sell the Property

Justin Colmenero

Prime Real Estate License #0581190 Listed on: 08/15/2017

Last Buyer's Agent

Armando Bass

RE/MAX ELITE License #0441618

RE/MAX ELITE

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1958

Lot Details

  • Interior Lot

Home Design

  • Duplex
  • Slab Foundation
  • Shingle Roof
  • Wood Siding

Interior Spaces

  • 10,835 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Vinyl Flooring
  • Breakfast Bar

Parking

  • Attached Garage
  • Carport

Schools

  • Houston Elementary School
  • South Park Middle School
  • Ray High School

Utilities

  • Window Unit Cooling System
  • Window Unit Heating System
  • Cable TV Available

Community Details

  • Wynwood #2 Subdivision
  • Gross Income $12,075

Listing and Financial Details

  • Legal Lot and Block 2 / 7

Property Details

Home Type

Multi-Family

Year Built

Built in 1958

Lot Details

0

Listing Details

  • Property Sub Type Additional: Duplex,Quadruplex
  • Property Sub Type: Duplex
  • Prop. Type: Residential
  • Subdivision Name: Wynwood #2
  • Carport Y N: Yes
  • Unit Levels: One
  • Building Stories: 1
  • Year Built: 1958
  • ResoPropertyType: Residential
  • ResoBuildingAreaSource: Appraiser
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Appliances: Free-Standing Range, Refrigerator
  • Fireplace: No
  • Flooring: Other, Vinyl
  • Interior Amenities: Cable TV, Breakfast Bar, Ceiling Fan(s)
  • Living Area: 10835.0
  • Stories: 1
  • ResoLivingAreaSource: Appraiser

Exterior Features

  • Lot Features: Interior Lot
  • Construction Type: Wood Siding
  • Foundation Details: Slab
  • Roof: Shingle

Garage/Parking

  • Parking Features: Attached, Carport, Other

Utilities

  • Laundry Features: None
  • Cooling: Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Window Unit
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Sewer Available, Water Available
  • Water Source: Public

Schools

  • Elementary School: Houston
  • Junior High Dist: Corpus Christi ISD
  • High School: Ray
  • Middle Or Junior School: South Park

Multi Family

  • Number Of Units Total: 1
  • Annual Gross Income: 12075.0

Tax Info

  • Tax Block: 7
  • Tax Lot: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 7, 2023
Sold by
Wealth Street Capital 5 Llc
Bought by
Riba Apartments Lyr Llc
Current Estimated Value
$585,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$682,500
Outstanding Balance
$666,279
Interest Rate
6.81%
Mortgage Type
New Conventional
Estimated Equity
-$81,279
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
Riba Apartments Lyr Llc -- Stewart Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Riba Apartments Lyr Llc $682,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/30/2018 04/30/18 Sold -- -- --
03/31/2018 03/31/18 Pending -- -- --
08/15/2017 08/15/17 For Sale $649,000 +12.9% $60 / Sq Ft
09/30/2015 09/30/15 Sold -- -- -- View Prior Sale
08/31/2015 08/31/15 Pending -- -- --
11/22/2014 11/22/14 For Sale $575,000 -- $53 / Sq Ft
Source: South Texas MLS

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 $12,526 $531,480 $90,938 $440,542
2024 $12,526 $576,029 $90,938 $485,091
2023 $12,277 $576,029 $90,938 $485,091
2022 $7,923 $318,449 $90,938 $227,511
2021 $7,520 $287,604 $90,938 $196,666
2020 $7,538 $287,604 $90,938 $196,666
2019 $7,114 $269,063 $90,938 $178,125
2018 $6,885 $271,928 $90,938 $180,990
2017 $6,633 $262,723 $90,938 $171,785
2016 $6,624 $262,397 $73,887 $188,510
2015 $5,970 $253,327 $73,887 $179,440
2014 $5,970 $253,327 $73,887 $179,440
Source: Public Records

Agents Affiliated with this Home

  • Justin Colmenero

    Seller's Agent in 2018

    Justin Colmenero

    Prime Real Estate

    (361) 945-5751

    12 in this area

    155 Total Sales

    Justin Colmenero
    Section Image

  • A

    Buyer's Agent in 2018

    Armando Bass

    RE/MAX

    Section Image

  • P

    Seller's Agent in 2015

    Patsy Paradise

    Patsy Paradise, Broker

    (361) 244-8026

    2 Total Sales

    Patsy Paradise
    Section Image
  • Tim Grace

    Seller Co-Listing Agent in 2015

    Tim Grace

    Life is Good Real Estate

    (361) 563-4151

    1 in this area

    26 Total Sales

    Tim Grace
    Section Image
  • Bryan Johnson

    Buyer's Agent in 2015

    Bryan Johnson

    361 Realty

    (361) 779-1115

    6 in this area

    41 Total Sales

    Bryan Johnson
    Section Image
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Map

Source: South Texas MLS

MLS Number: 316925

South Texas MLS

APN: 200069512

Texas Nueces County Corpus Christi 78415 Downtown Corpus Christi

1513 Lazy Ln, Corpus Christi, TX

Not Listed for Sale

MultiFamily

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