NOT LISTED FOR SALE

1801 Castroville Trail Copperas Cove, TX 76522

Estimated Value: $366,812 - $405,000

-- Bed
4 Baths
31,844 Sq Ft
$12/Sq Ft Est. Value

Last Sold July 16, 2023

Current estimated payment $2,732/month

22 Days on Market

Highlights

  • Horses Allowed On Property
  • Central Heating and Cooling System
  • Home to be built
  • 48 Car Attached Garage
  • Ceiling Fan
  • Vinyl Flooring

About This Home

As of July 2023

12 new construction duplexes being sold as a group. Addresses include 1801-1821 Castroville (6 buildings) and 1802-1822 Clovis Drive (6 buildings). Eleven of the buildings are 2668 ft2, 3/2/1 per side, and will bring $1,350/m in rents for each unit. Plans for the last building have yet to be determined but will not be smaller than 1200 ft2 per side with market rents at $1,300/m. Each building includes full yard sod, privacy fencing with steel poles and chain link fencing separating the units, irrigation for front and side yards, granite kitchen counters, stained wood cabinetry, cultured marble vanities, wood-look vinyl plank flooring, and more. Construction has not yet started and expected completion will be in 2022. Exact closing date will be determined when offers are presented.

Last Agent to Sell the Property

Michael Linnemann

Linnemann Realty License #0428608 Listed on: 04/15/2021

Last Buyer's Agent

Michael Linnemann

Linnemann Realty License #0428608 Listed on: 04/15/2021

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $83,495

Year Built

  • Built in 2021

Lot Details

  • 3 Acre Lot
  • Irrigation Equipment
  • 154834, 154835, 154836, 154837, 154838, 154827, 154828, 154829, 154830, 154831, 154832

Home Design

  • Home to be built
  • Brick Exterior Construction
  • Slab Foundation
  • HardiePlank Type

Interior Spaces

  • 31,844 Sq Ft Home
  • Ceiling Fan
  • Washer and Electric Dryer Hookup

Flooring

  • Laminate
  • Vinyl

Parking

  • 48 Car Attached Garage
  • Front Facing Garage
  • Driveway
  • Assigned Parking

Horse Facilities and Amenities

  • Horses Allowed On Property

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Listing and Financial Details

  • Legal Lot and Block 1-12 / 3
  • Assessor Parcel Number 154833
  • 3% Total Tax Rate

Community Details

Overview

  • 12 Buildings
  • Built by Killeen Freedom Homes, LLC
  • The Village At Walker Place Subdivision
  • Property managed by Linnemann Realty

Building Details

  • Operating Expense $37,656
  • Net Operating Income $266,449

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$83,495

Year Built

Built in 2021

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Sub Type: Multi Family
  • Building Area Total: 31844.00
  • Restrictions: None
  • Year Built: 2021
  • Acquisition Inclusion: Building & Land
  • Additional Parcels Description: 154834, 154835, 154836, 154837, 154838, 154827, 154828, 154829, 154830, 154831, 154832
  • Additional Parcels: Yes
  • Anchors Co-Tenants: None. Buildings have yet to be started.
  • Current Use: Multi-Family
  • Directions: Take the south bypass loop west through Cove, right on Business 190, right on Cline, drive straight into the neighborhood at the end of Cline.
  • Disclosures: None
  • Estimated Taxes: 83495.00
  • ETJ Extra Territorial Jurdn: No
  • Existing Lease Type: None
  • FEMA Flood Plain: No
  • Green Energy Efficient: None
  • Green Sustainability: None
  • Intermediary: No
  • Leasable Area: 31844
  • Other Equipment: Dryer Connections, Electric Dryer Hookup, Irrigation Equipment, Washer Hookup
  • Other Structures: None
  • Road Surface Type: Asphalt, Curb/Gutter
  • Special Listing Conditions: Standard
  • Special Features: NewHome

Interior Features

  • View: None
  • Flooring: Laminate, Vinyl
  • Management Company: Linnemann Realty
  • Accessibility Features: None
  • Property Condition: To Be Built
  • Security Features: None

Exterior Features

  • Builder Name: Killeen Freedom Homes, LLC
  • Foundation: Slab
  • Waterfront: No

Garage/Parking

  • Parking Features: Assigned, Attached, Concrete, Garage, Garage Faces Front
  • Parking Ratio: 1.51
  • Total Parking Spaces: 48.00

Utilities

  • Sewer: Public Sewer
  • Utilities: Cable Available
  • Heating: Central, Electric
  • Water Source: Public
  • Cooling: Ceiling Fan(s), Central Air, Electric

Lot Info

  • Topography: Level
  • Parcel Number: 154833
  • Lot Size Acres: 3.0000
  • Lot Size Sq Ft: 130680.00
  • Subdivision Name: The Village At Walker Place
  • Zoning Description: R2, multi-family up to 2 units per building

Building Info

  • Building Features: Appliances, Electric Dryer Connections, Washer Connections
  • Construction Materials: Brick Veneer, HardiPlank Type
  • New Construction: No
  • Number Of Buildings: 12

Multi Family

  • Gross Scheduled Income: 387600.00
  • Net Operating Income: 266449.00
  • Operating Expense: 37656.00

Tax Info

  • Tax Block: 3
  • Tax Lot: 1-12
  • Tax Rate: 2.57700000000000
  • Tax Year: 2020
  • Tax Annual Amount: 83495.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 5, 2023
Sold by
Killeen Freedom Homes
Bought by
Jalen Nirani Llc
Current Estimated Value
$385,906

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$8,417,500
Outstanding Balance
$8,187,856
Interest Rate
6.28%
Mortgage Type
New Conventional
Estimated Equity
-$7,801,950
Source: Public Records

Range of Values:

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Average Value
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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
Jalen Nirani Llc -- None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Jalen Nirani Llc $8,417,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/16/2023 07/16/23 Sold -- -- --
05/07/2021 05/07/21 Pending -- -- --
04/15/2021 04/15/21 For Sale $4,440,000 -- $139 / Sq Ft
Source: Unlock MLS (Austin Board of REALTORS®)

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 $7,550 $381,024 $50,000 $331,024
2023 $7,550 $381,024 $50,000 $331,024
2022 $192 $8,000 $8,000 --
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Unlock MLS (Austin Board of REALTORS®)

MLS Number: 4249858

Unlock MLS (Austin Board of REALTORS®)

APN: 154827