$62,900
SOLD JUL 31, 2024
Last list price
5 Beds
2 Baths
-- Sq Ft
9,975 Sq Ft Lot

Recently Sold

20 Days on Market

Highlights

  • Wood Flooring
  • Built-In Features
  • 4-minute walk to Highland Park
  • Fairfield Magnet School Rated A-
  • Central Heating and Cooling System

About This Home

As of July 2024

two story duplex in Highland neighborhood of shreveport. This property is 100% occupied on leases (both expire February 2025) with tenants that are responsible for their own repairs. All utilities are separated and paid directly by tenants. Property is in need of repairs to bring it up to market or section 8 rate rents (roughly $1700-1900) or it sits on a large lot that would be suitable for 4 units if redeveloped. There are multiple spots where siding is rotted, and potentially some framing is damaged below as well. Please do not disturb residents. Water heaters have both been replaced in the last 2 years. Owner agentPictures are from past vacancy period. Unit is tenant occupied. No warranties of condition are expressed or implied by the pictures. Information is believed to be true but not guranteed.

Last Agent to Sell the Property

Kevin May

Mayco Real Estate Services, LLC Brokerage Phone: 318-734-3440 License #0995690269 Listed on: 05/27/2024

Last Buyer's Agent

Joel Hall

RE/MAX UNITED License #0995715422

RE/MAX UNITED

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $878

Year Built

  • Built in 1940

Lot Details

  • 9,975 Sq Ft Lot

Home Design

  • Duplex
  • Pillar, Post or Pier Foundation
  • Shingle Roof

Interior Spaces

  • 2-Story Property
  • Built-In Features
  • Wood Flooring

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 2 Full Bathrooms

Parking

  • 3 Parking Spaces
  • Driveway

Utilities

  • Central Heating and Cooling System
  • Window Unit Cooling System

Community Details

  • 2 Units
  • 2,719 Sq Ft Building
  • Opo Sub Subdivision

Listing and Financial Details

  • Legal Lot and Block 33 / 4
  • Assessor Parcel Number 171306021011300
  • $892 per year unexempt tax

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$878

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Duplex
  • Unit Levels: Two
  • Year Built Details: Preowned
  • Multi Parcel I D Y N: No
  • Municipal Utility District Y N: No
  • Will Subdivide: No
  • Accessibility Features Yn: No
  • Ratio Current Price By Building: 18.38911
  • Attribution Contact: 318-734-3440
  • Special Features: None
  • Year Built: 1940

Interior Features

  • Interior Amenities: Built-in Features
  • Flooring: Wood
  • Appliances: Refrigerator

Beds/Baths

  • Full Bathrooms: 2
  • Total Bedrooms: 5

Exterior Features

  • Pool: No
  • Foundation: Pillar/Post/Pier
  • Roof: Shingle
  • Construction Materials: Wood

Garage/Parking

  • Cooling System: Central Air, Window Unit(s)
  • Number Of Parking Spaces: 3
  • Parking Features: Driveway

Utilities

  • Heating: Central
  • Utilities: City Sewer, City Water

Condo/Co-op/Association

  • Association Type: None

Schools

  • School District: Caddo PSB
  • School District: Caddo PSB

Lot Info

  • Lot Size Units: Acres
  • Lot Size Area: 0.2290
  • Parcel Number: 171306021011300
  • Lot Size Acres: 0.2290
  • Lot Size Sq Ft: 9975.2400

Green Features

  • Smart Home Features Appor Pass Y: No

Building Info

  • Year Built: 1940
  • Units Total: 2

Multi Family

  • Gross Annual Income: 12300.00
  • Unit Count: 2

Tax Info

  • Unexempt Taxes: 892
  • TaxBlock: 4
  • Tax Lot: 33

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 27, 2024
Closed on
Jul 31, 2024
Sold by
Mbt Investments Llc
Bought by
Initiative Holdings Llc
Seller's Agent
Kevin May
Mayco Real Estate Services, LLC
Buyer's Agent
Joel Hall
RE/MAX UNITED
List Price
$69,900
Sold Price
$62,900
Premium/Discount to List
-$7,000
-10.01%
Total Days on Market
20
Views
43
Current Estimated Value
$49,383

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$13,517
Avg. Annual Appreciation
-25.03%
Original Mortgage
$103,983
Outstanding Balance
$35,455
Interest Rate
6.87%
Mortgage Type
Construction
Estimated Equity
$13,928

Purchase Details

Closed on
Mar 16, 2012
Sold by
J & L Homes Llc
Bought by
Mbt Investments Llc

Purchase Details

Closed on
Nov 15, 2010
Sold by
Us Bank National Assn
Bought by
J L Homes Llc

Purchase Details

Closed on
Aug 4, 2010
Sold by
Faison Robert and Faison Robert Geroge
Bought by
Us Bank National Asso
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Deed $50,000 Wfg National Title
Cash Sale Deed $55,100 Pierremont Title
Special Warranty Deed -- None Available
Sheriffs Deed $43,334 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $103,983 Construction
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/31/2024 07/31/24 Sold -- -- --
06/17/2024 06/17/24 Pending -- -- --
06/04/2024 06/04/24 Price Changed $62,900 -10.0% --
05/27/2024 05/27/24 For Sale $69,900 -- --
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
2024 $878 $5,631 $731 $4,900
2023 $892 $5,596 $696 $4,900
2022 $892 $5,596 $696 $4,900
2021 $878 $5,596 $696 $4,900
2020 $878 $5,596 $696 $4,900
2019 $905 $5,596 $696 $4,900
2018 $721 $5,596 $696 $4,900
2017 $919 $5,596 $696 $4,900
2015 $725 $5,596 $696 $4,900
2014 $731 $5,600 $700 $4,900
2013 -- $8,600 $700 $7,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: North Texas Real Estate Information Systems (NTREIS)

MLS Number: 20628234

North Texas Real Estate Information Systems (NTREIS)

APN: 171306-021-0113-00