NOT LISTED FOR SALE

Estimated Value: $476,000 - $749,000

Studio
5 Baths
3,908 Sq Ft
$161/Sq Ft Est. Value

Last Sold April 15, 2016

Current estimated payment $4,688/month

27 Days on Market

Highlights

  • 4 Fireplaces
  • Laundry in multiple locations
  • Family Room
  • Tile Flooring
  • Central Air
  • High Speed Internet

About This Home

As of April 2016

Premium north Austin submarket along exploding Burnet Rd corridor. Large 2bd/1ba 900+ sq ft floor plans include w/d hookups in each unit and fireplaces. All hardiplank on exterior and tile flooring in each unit. Strong current cashflow w/huge upside potential: current rents are under market @ $850/mo but some 2bd in area are renting for over 1k/mo. Total current combined rents of $3450/mo. Complex with onsite HOA rep that keeps grounds clean and enforces rules.FEMA - Unknown Restrictions: Yes

Last Agent to Sell the Property

Brent Bockholt

Austin Property Team License #0578500 Listed on: 02/01/2016

Last Buyer's Agent

Paul Smith

Twelve Rivers Realty License #0547129

Twelve Rivers Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,536

Year Built

  • Built in 1982

Lot Details

  • 7,187 Sq Ft Lot
  • Wood Fence

HOA Fees

  • $285 Monthly HOA Fees

Home Design

  • Slab Foundation
  • Composition Roof
  • HardiePlank Type

Interior Spaces

  • 3,908 Sq Ft Home
  • 2-Story Property
  • 4 Fireplaces
  • Family Room
  • Tile Flooring
  • Laundry in multiple locations

Schools

  • Padron Elementary School
  • Burnet Middle School
  • Navarro Early College High School

Utilities

  • Central Air
  • No Heating
  • Separate Meters
  • High Speed Internet

Community Details

  • Association fees include cable TV, landscaping, trash
  • $350 HOA Transfer Fee
  • 4 Units
  • Villas On Walnut HOA
  • Villas On Walnut Creek Subdivision
  • Mandatory home owners association
  • The community has rules related to deed restrictions

Listing and Financial Details

  • Down Payment Assistance Available
  • Assessor Parcel Number 02441108030000
  • 2% Total Tax Rate

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,536

Year Built

Built in 1982

Lot Details

7,187 Sq Ft Lot

HOA Fees

$285 per month

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Quadruplex
  • Building Area Total: 3908.00
  • Restrictions: Deed Restrictions, Lease
  • Unit Mix: 2/1
  • Year Built: 1982
  • Directions: IH35 North, West on 183, Exit Braker, Rt on Metric, Rt on Rundberg, Rt on West Loop
  • Estimated Taxes: 5536.00
  • Fencing: Wood
  • Fireplaces: 4
  • Guest Accommodation Description: None
  • Levels: Two
  • Living Area: 3908.00
  • Property Panorama: No
  • Special Listing Conditions: Standard
  • Title: Seller
  • Special Features: None

Interior Features

  • Laundry Location: Multiple Locations
  • View: None
  • Flooring: Tile
  • Accessibility Features: None
  • Property Condition: Resale, See Remarks
  • Security Features: None
  • Spa Features: None

Exterior Features

  • Exterior Features: None
  • Roof: Composition
  • Foundation: Slab
  • Patio And Porch Features: None
  • Pool Features: None
  • Private Pool: No
  • View: No
  • Waterfront Features: None

Garage/Parking

  • Parking Features: None

Utilities

  • Sewer: Public Sewer
  • Utilities: Electricity Available, Internet-Cable
  • Heating: None
  • Meter Description: Electric Separate
  • Water Source: Public
  • Cooling: Central Air

Condo/Co-op/Association

  • HOA Fee Includes: Cable TV, Landscaping, Trash
  • Association Fee Frequency: Monthly
  • Association Fee: 285.00

Association/Amenities

  • Management Company: Owners
  • Association Name: Villas on Walnut HOA
  • Requirement: Mandatory
  • Association Transfer Fee: 350
  • Association: Yes
  • Community Features: None

Schools

  • School District: Austin ISD
  • Elementary School: Padron
  • High School: Navarro Early College
  • Middle/Junior School: Burnet (Austin ISD)

Lot Info

  • Lot Features: None
  • Parcel Number: 02441108030000
  • Lot Size Acres: 0.1650
  • Lot Size Sq Ft: 7187.40
  • Subdivision Name: Villas On Walnut Creek

Rental Info

  • Furnished: Unfurnished
  • Total Actual Rent: 3450.00
  • Pets Allowed: No

Building Info

  • Construction Materials: HardiPlank Type

Multi Family

  • Number Of Units Total: 4

Tax Info

  • Tax Filled Sqft Total: 3908
  • Tax Rate: 2.29608000000000
  • Tax Year: 2015
  • Tax Annual Amount: 5536.00
  • Tax Exemptions: None

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 1, 2016
Closed on
Apr 15, 2016
Sold by
Wang Jack W and Yan Jenny Z
Bought by
Reading Marcus D
Seller's Agent
Brent Bockholt
Austin Property Team
Buyer's Agent
Paul Smith
Twelve Rivers Realty
List Price
$390,000
Current Estimated Value
$628,862

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.20%
Original Mortgage
$285,000
Outstanding Balance
$226,117
Interest Rate
3.64%
Mortgage Type
New Conventional
Estimated Equity
$402,745

Purchase Details

Closed on
Apr 27, 2009
Sold by
Hsbc Bank Usa National Association
Bought by
Wang Jack W and Yan Jenny Z

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$136,750
Interest Rate
4.72%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 6, 2009
Sold by
Elyazal Jamal
Bought by
Hsbc Bank Usa National Association

Purchase Details

Closed on
Jun 6, 2006
Sold by
Forg David
Bought by
Elyazal Jamal

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$176,000
Interest Rate
6.58%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 6, 2005
Sold by
Bian Buming and Chen Xin
Bought by
Fong David

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$158,000
Interest Rate
6.06%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Reading Marcus D -- Capital Title Of Texas
Wang Jack W -- Lsi Title Agency Inc
Hsbc Bank Usa National Association $157,250 None Available
Elyazal Jamal -- None Available
Fong David -- Landamerica Commonwealth Tit
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Reading Marcus D $285,000
Previous Owner Wang Jack W $136,750
Previous Owner Elyazal Jamal $176,000
Previous Owner Fong David $158,000
Closed Fong David $19,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/15/2016 04/15/16 Sold -- -- --
02/28/2016 02/28/16 Pending -- -- --
02/01/2016 02/01/16 For Sale $390,000 -- $100 / Sq Ft
Source: Unlock MLS (Austin Board of REALTORS®)

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 $13,576 $663,365 $210,372 $452,993
2023 $11,974 $661,849 $275,000 $386,849
2022 $13,842 $700,901 $275,000 $425,901
2021 $11,468 $526,857 $125,000 $401,857
2020 $8,722 $406,660 $125,000 $281,660
2018 $8,713 $393,533 $125,000 $268,533
2017 $8,455 $372,000 $75,000 $297,000
2016 $8,198 $367,595 $60,000 $307,595
2015 $4,910 $241,127 $20,000 $221,127
2014 $4,910 $206,329 $20,000 $186,329
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Unlock MLS (Austin Board of REALTORS®)

MLS Number: 1419555

Unlock MLS (Austin Board of REALTORS®)

APN: 250135

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