NOT LISTED FOR SALE

2002 Mustang Rd Alvin, TX 77511

Estimated Value: $251,058 - $703,000

1 Bed
1 Bath
3,600 Sq Ft
$126/Sq Ft Est. Value

Last Sold October 06, 2020

Current estimated payment $2,844/month

4 Days on Market

Highlights

  • 33,707 Sq Ft lot
  • Tile Flooring
  • Wood Siding
  • Window Unit Cooling System
  • Ceiling Fan
  • Window Unit Heating System

About This Home

As of October 2020

Income Producing 8 Plex on 3 Parcels in Alvin! Fully occupied and generating income NOW! 3 buildings consisting of 8 1 bedroom/ 1 bathroom units. Two duplexes and one four-plex. All apartments are rented with tenants currently paying $750 per month. Tenants pay all utilities. All galvanized plumbing replaced with flex piping. Current monthly income total is $6000. Property has never been flooded and is located in flood Zone X. Great investment opportunity!

Last Agent to Sell the Property

Kevin Jones

Keller Williams Realty Clear Lake / NASA License #0657148 Listed on: 09/01/2020

Keller Williams Realty Clear Lake / NASA

Co-Listed By

Austin Jones

Keller Williams Houston Central License #0703792

Last Buyer's Agent

Elizabeth Bui

Real Broker, LLC License #0653978

Real Broker, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,905

Year Built

  • Built in 1969

Lot Details

  • 0.77 Acre Lot

Home Design

  • Composition Roof
  • Wood Siding

Interior Spaces

  • 3,600 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Tile Flooring

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Schools

  • Walt Disney Elementary School
  • Alvin Junior High School
  • Alvin High School

Utilities

  • Window Unit Cooling System
  • Window Unit Heating System

Community Details

  • 8 Units
  • Cedar Lane Alvin Subdivision

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,905

Year Built

Built in 1969

Lot Details

0

Listing Details

  • Directions: FM 528 to South on Alvin Bypass to Right on Mustang Rd to address.
  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Building Stories: 2
  • Year Built: 1969
  • Co List Office Mls Id: KWCL01
  • Co List Office Phone: 281-335-0335
  • Subdivision Name: Cedar Lane Alvin
  • Unit Levels: Two
  • New Construction: No
  • Special Features: None
  • Stories: 2

Interior Features

  • Appliances: Refrigerator
  • Full Bathrooms: 1
  • Total Bedrooms: 1
  • Flooring: Tile
  • Interior Amenities: Ceiling Fan(s)
  • Living Area: 3600.0
  • ResoLivingAreaSource: Appraiser

Exterior Features

  • Disclosures: Seller Disclosure
  • Roof: Composition
  • Lot Features: Other
  • Construction Type: Wood Siding

Utilities

  • Utilities: Electricity Available, Water Available
  • Cooling: Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Window Unit
  • Heating Yn: Yes

Schools

  • Elementary School: WALT DISNEY ELEMENTARY SCHOOL
  • Junior High Dist: 3 - Alvin
  • High School: ALVIN HIGH SCHOOL
  • Middle Or Junior School: ALVIN JUNIOR HIGH SCHOOL

Lot Info

  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2019
  • Tax Annual Amount: 7905.0

Multi Family

  • Number Of Units Total: 8

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 16, 2004
Sold by
Macias Carlos
Bought by
Bradford Stephanie and Mcdonald Cynthia Bradford
Current Estimated Value
$454,015

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$130,000
Outstanding Balance
$70,431
Interest Rate
8%
Mortgage Type
Seller Take Back
Estimated Equity
$414,179
Source: Public Records

Range of Values:

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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
Bradford Stephanie -- Stewart Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bradford Stephanie $87,000
Open Bradford Stephanie $130,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/06/2020 10/06/20 Sold -- -- --
09/06/2020 09/06/20 Pending -- -- --
09/01/2020 09/01/20 For Sale $499,000 -- $139 / Sq Ft
Source: Houston Association 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
2023 $4,440 $180,150 $39,890 $140,260
2022 $3,922 $143,000 $44,180 $98,820
2021 $4,128 $143,000 $44,180 $98,820
2020 $4,185 $143,000 $44,180 $98,820
2019 $4,199 $139,780 $36,820 $102,960
2018 $2,628 $87,350 $36,820 $50,530
2017 $2,844 $93,340 $36,820 $56,520
2016 $2,844 $93,340 $36,820 $56,520
2014 $2,164 $69,610 $30,680 $38,930
Source: Public Records

Agents Affiliated with this Home

  • Kevin Jones

    Seller's Agent in 2020

    Kevin Jones

    Keller Williams Realty Clear Lake / NASA

    (832) 289-1531

    1 in this area

    23 Total Sales

    Kevin Jones
    Section Image

  • A

    Seller Co-Listing Agent in 2020

    Austin Jones

    Keller Williams Houston Central

    (281) 942-6576

    3 in this area

    182 Total Sales

    Austin Jones
    Section Image

  • E

    Buyer's Agent in 2020

    Elizabeth Bui

    Real Broker, LLC

    (713) 689-4150

    2 in this area

    42 Total Sales

    Elizabeth Bui
    Section Image
See All Agents

Map

Source: Houston Association of REALTORS®

MLS Number: 61394622

Houston Association of REALTORS®

APN: 2570-0004-110

Texas Brazoria County Alvin 77511

2002 Mustang Rd, Alvin, TX

This home is located at 2002 Mustang Rd, Alvin, TX 77511 since 01 September 2020 and is currently estimated at $454,015, approximately $126 per square foot. This property was built in 1969. 2002 Mustang Rd is a home located in Brazoria County with nearby schools including R L Stevenson Primary School, Alvin Junior High School, and Alvin High School.

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