NOT LISTED FOR SALE

202 E Lone Star Ave Cleburne, TX 76031

Estimated Value: $752,915

19 Beds
14 Baths
-- Sq Ft
0.5 Acres

Last Sold March 31, 2023

Current estimated payment $4,856/month

147 Days on Market

Highlights

  • Open Floorplan
  • Covered Patio or Porch
  • Interior Lot
  • Private Yard
  • Eat-In Kitchen
  • Painted or Stained Flooring

About This Home

As of March 2023

Looking to invest into multi family units. This property offers three duplexes and one house all on one lot. Duplexes were built in 2018,2019 and last one being built in 2020. They all are currently leased and as they come available the rent will be increased upon each unit. Right now it is bringing in excellent income, but room to grow. Rental property is in high demand in the area and is hard to find. properties can not be viewed until executed contract and during feasibility window. Do not disturb tenants
All units have stained concrete flooring, built in appliances, utility rooms. built out with foam insulation and total electric with water heaters and central heat and air. There is one parking space per bedroom with parking lot attached. each unit has a small privacy fenced in yard

Last Agent to Sell the Property

DeAnna King

Coldwell Banker Apex, REALTORS Cleburne Listed on: 08/22/2022

Coldwell Banker Apex, REALTORS Cleburne

Last Buyer's Agent

Mindy Stehl

The Platinum Group Real Estate License #0749601

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 2018

Lot Details

  • 0.5 Acre Lot
  • Wood Fence
  • Interior Lot
  • Irregular Lot
  • Private Yard

Home Design

  • Duplex
  • Slab Foundation
  • Composition Roof
  • Siding

Interior Spaces

  • 1-Story Property
  • Open Floorplan
  • Ceiling Fan
  • Window Treatments

Kitchen

  • Eat-In Kitchen
  • Electric Range
  • Dishwasher
  • Disposal

Flooring

  • Painted or Stained Flooring
  • Concrete

Bedrooms and Bathrooms

  • 19 Bedrooms
  • 14 Full Bathrooms

Parking

  • 19 Parking Spaces
  • No Garage
  • Open Parking
  • Parking Lot

Outdoor Features

  • Covered Patio or Porch
  • Rain Gutters

Schools

  • Irving Elementary School
  • Ad Wheat Middle School
  • Cleburne High School

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater
  • High Speed Internet
  • Cable TV Available

Community Details

  • 4 Buildings
  • 7 Units
  • 7,754 Sq Ft Building
  • Carlos Garcia Add Subdivision

Listing and Financial Details

  • Legal Lot and Block 1R / 1
  • Assessor Parcel Number 126285900010
  • $10,177 per year unexempt tax

Property Details

Home Type

Multi-Family

Year Built

Built in 2018

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Duplex
  • Unit Levels: One
  • Year Built Details: Preowned
  • Multi Parcel I D Y N: No
  • Municipal Utility District Y N: No
  • Net Operation Income: 83300
  • Notice Surveillance Devices Pres: None
  • Will Subdivide: No
  • Accessibility Features Yn: No
  • Accessory Unit YN: No
  • Ratio Current Price By Building: 148.31055
  • Attribution Contact: 817-641-9873
  • Special Features: None
  • Year Built: 2018

Interior Features

  • Windows: Window Coverings
  • Interior Amenities: Cable TV Available, Eat-in Kitchen, High Speed Internet Available, Open Floorplan
  • Flooring: Concrete, Painted/Stained
  • Appliances: Dishwasher, Disposal, Electric Range, Electric Water Heater
  • Basement YN: No

Beds/Baths

  • Full Bathrooms: 14
  • Total Bedrooms: 19

Exterior Features

  • Pool: No
  • Foundation: Slab
  • Fencing: Wood
  • Roof: Composition
  • Construction Materials: Siding
  • Exterior Features: Covered Patio/Porch, Rain Gutters, Private Yard
  • Patio And Porch Features: Other

Garage/Parking

  • Cooling System: Ceiling Fan(s), Central Air, Electric
  • Number Of Parking Spaces: 19
  • Parking Features: No Garage, On Site, Open, Parking Lot
  • Attached Garage YN: No
  • GarageYN: No

Utilities

  • Heating: Central, Electric
  • Utilities: All Weather Road, City Sewer, City Water

Condo/Co-op/Association

  • Association Type: None

Schools

  • School District: Cleburne ISD
  • Elementary School: Irving
  • Middle School: Ad Wheat
  • High School: Cleburne
  • School District: Cleburne ISD

Lot Info

  • Lot Features: Interior Lot, Irregular Lot
  • Lot Size Units: Acres
  • Lot Size Area: 0.4960
  • Parcel Number: 126285900010
  • Lot Size Acres: 0.4960
  • Lot Size Sq Ft: 21605.7600

Green Features

  • Smart Home Features Appor Pass Y: No

Building Info

  • Year Built: 2018
  • Units Total: 7
  • SeniorCommunityYN: No

Multi Family

  • Gross Annual Expenses: 20500.00
  • Gross Annual Income: 106800.00
  • Insurance Expense: 3000
  • Unit Count: 7

Tax Info

  • Unexempt Taxes: 10177
  • TaxBlock: 1
  • Tax Lot: 1R

MLS Schools

  • Middle School Name: Ad Wheat
  • Elementary School Name: Irving
  • High School Name: Cleburne

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 22, 2022
Closed on
Mar 31, 2023
Sold by
Sparger Properties Llc
Bought by
Reinspire
Seller's Agent
DeAnna King
Coldwell Banker Apex, REALTORS Cleburne
Buyer's Agent
Mindy Stehl
The Platinum Group Real Estate
List Price
$1,299,900
Views
176
Current Estimated Value
$752,915

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$704,000
Outstanding Balance
$402,925
Interest Rate
6.32%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 10, 2008
Sold by
Garcia Jose
Bought by
Sparger Properties Llc
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
Reinspire -- Stewart Title
Sparger Properties Llc -- Fatco
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Reinspire $704,000
Previous Owner Sparger Properties Llc $319,400
Previous Owner Sparger Properties $126,438
Previous Owner Sparger Properties Llc $142,375
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/31/2023 03/31/23 Sold -- -- --
01/16/2023 01/16/23 Pending -- -- --
09/30/2022 09/30/22 For Sale $1,299,900 0.0% --
09/20/2022 09/20/22 Pending -- -- --
09/16/2022 09/16/22 Price Changed $1,299,900 -3.7% --
08/22/2022 08/22/22 For Sale $1,350,000 -- --
Source: North Texas Real Estate Information Systems (NTREIS)

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 -- $1,053,768 $28,500 $1,025,268
2024 $23,496 $1,053,768 $28,500 $1,025,268
2023 $3,754 $669,353 $28,500 $640,853
2022 $16,751 $669,353 $28,500 $640,853
2021 $10,177 $390,068 $28,500 $361,568
2020 $7,968 $287,559 $20,000 $267,559
2019 $4,753 $160,848 $20,000 $140,848
2018 $296 $10,000 $10,000 $0
2017 $294 $10,000 $10,000 $0
2016 $294 $10,000 $10,000 $0
2015 $267 $10,000 $10,000 $0
2014 $267 $10,000 $10,000 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: North Texas Real Estate Information Systems (NTREIS)

MLS Number: 20146548

North Texas Real Estate Information Systems (NTREIS)

APN: 126-2859-00010