$295,000
SOLD FEB 25, 2025
Last list price
2 Beds
2 Baths
1,432 Sq Ft
8,233 Sq Ft Lot

Recently Sold

$206 Per Sq Ft

52 Days on Market

Highlights

  • Open Floorplan
  • Wood Flooring
  • Interior Lot
  • Poteet High School Rated A-
  • Eat-In Kitchen
  • 1-Story Property

About This Home

As of February 2025

Investor's dream! This well-maintained duplex features two 1-bedroom, 1-bathroom units, both boasting real hardwood floors that bring warmth and charm to the interiors. Currently leased at $1,250 per month each, with leases expiring at the end of May 2025, this property offers immediate cash flow and potential for rental growth upon renewal. The property also features a spacious yard, perfect for tenant enjoyment or future enhancements. Whether you're looking for a house-hacking opportunity or a solid buy-and-hold investment, this property checks all the boxes! Seller financing considered.

Last Agent to Sell the Property

Jacob Stevenson

Compass RE Texas, LLC. Brokerage Phone: 469-367-2655 License #0706671 Listed on: 12/03/2024

Compass RE Texas, LLC.

Co-Listed By

Lauren Izzo

Compass RE Texas, LLC Brokerage Phone: 469-367-2655 License #0609357

Last Buyer's Agent

Josiah Ford

Team Ford Realtors License #0596265

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,030

Year Built

  • Built in 1975

Lot Details

  • 8,233 Sq Ft Lot
  • Chain Link Fence
  • Interior Lot

Parking

  • 2 Car Garage

Home Design

  • Duplex
  • Brick Exterior Construction
  • Pillar, Post or Pier Foundation
  • Composition Roof

Interior Spaces

  • 1-Story Property
  • Open Floorplan

Kitchen

  • Eat-In Kitchen
  • Gas Range
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Schools

  • Cannaday Elementary School
  • Poteet High School

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Listing and Financial Details

  • Legal Lot and Block 2 / 2
  • Assessor Parcel Number 38218500020020000

Community Details

Overview

  • 2 Units
  • 1,432 Sq Ft Building
  • Tripp Road Subdivision

Building Details

  • Gross Income $30,000
  • Net Operating Income $22,112

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,030

Year Built

Built in 1975

Lot Details

0

Parking

2

Listing Details

  • OWNERNAME: See Tax Records
  • Property Type: Residential Income
  • Property Sub Type: Duplex
  • Unit Levels: One
  • Year Built Details: Preowned
  • Attribution Contact: 469-367-2655
  • CapRate: 7.5
  • Co List Office Mls Id: CMPS02
  • Co List Office Phone: 682-226-6938
  • Co List Office Mls Id: CMPS01
  • Special Features: VirtualTour
  • Year Built: 1975

Interior Features

  • Interior Amenities: Decorative/Designer Lighting Fixtures, Eat-in Kitchen, Open Floorplan
  • Flooring: Tile, Wood
  • Appliances: Disposal, Gas Range
  • Basement YN: No

Beds/Baths

  • Full Bathrooms: 2
  • Total Bedrooms: 2

Exterior Features

  • Foundation: Pillar/Post/Pier
  • Fencing: Chain Link
  • Roof: Composition
  • Construction Materials: Brick
  • Pool Features: None
  • Waterfront: No

Garage/Parking

  • Cooling System: Central Air
  • Garage Spaces: 2.0
  • Total Covered Spaces: 2.0
  • Parking Features: Covered, Garage
  • Attached Garage YN: No
  • GarageYN: Yes

Utilities

  • Sewer: Public Sewer
  • Heating: Central
  • Utilities: Cable Available, Sewer Available, Water Available
  • Heating Yn: Yes

Schools

  • Elementary School: Cannaday
  • High School: Poteet
  • Junior High Dist: Mesquite ISD

Lot Info

  • Lot Features: Interior Lot
  • Lot Size Units: Acres
  • Lot Size Area: 0.189
  • Parcel Number: 38218500020020000
  • Lot Size Acres: 0.189
  • Lot Size Sq Ft: 8232.84

Building Info

  • Year Built: 1975
  • Units Total: 2
  • SeniorCommunityYN: No

Multi Family

  • Insurance Expense: 1858.0
  • Annual Gross Income: 30000.0
  • Property Net Operating Income: 22112.0

Tax Info

  • TaxBlock: 2
  • Tax Lot: 2
  • Tax Annual Amount: 6030.0

MLS Schools

  • MiddleOrJuniorSchool: Kimbrough

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 3, 2024
Closed on
Feb 20, 2025
Sold by
Lemon Head Properties Llc
Bought by
Green Aaron
Seller's Agent
Jacob Stevenson
Compass RE Texas, LLC.
Buyer's Agent
Josiah Ford
Team Ford Realtors
List Price
$299,900
Views
95
Current Estimated Value
$289,043

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$285,729
Outstanding Balance
$284,553
Interest Rate
7.04%
Mortgage Type
FHA
Estimated Equity
$4,490

Purchase Details

Closed on
Mar 15, 2016
Sold by
Dallas Metro Holdings Llc
Bought by
Chapa Oscar

Purchase Details

Listed on
Oct 5, 2012
Closed on
Jan 31, 2013
Sold by
Ryan Timothy I
Bought by
Smith Meril L
Seller's Agent
Patti Dibernardo
Epps Realty, LLC
Buyer's Agent
Patti Dibernardo
Epps Realty, LLC

Purchase Details

Closed on
Sep 27, 2012
Sold by
Fannie Mae
Bought by
Ryan Timothy I

Purchase Details

Closed on
Jul 24, 2012
Sold by
Gmac Mortgage Llc
Bought by
Fannie Mae and Federal National Mortgage Association

Purchase Details

Closed on
Jun 5, 2012
Sold by
Stephens David and Stephens Kathryn
Bought by
Gmac Mortgage Llc

Purchase Details

Closed on
May 28, 2008
Sold by
M & P Properties
Bought by
Stephens David and Stephens Kathryn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$72,000
Interest Rate
5.89%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 31, 2002
Sold by
Mccarthy Jeanne Oldham
Bought by
M & P Properties

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$60,800
Interest Rate
6.89%

Purchase Details

Closed on
Apr 21, 1998
Sold by
Castaneda Rosa
Bought by
Mccarthy Jeanne Oldham
Source: Public Records

Range of Values:

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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 Type Sale Price Title Company
Deed -- None Listed On Document
Special Warranty Deed -- None Available
Warranty Deed -- None Available
Warranty Deed -- None Available
Special Warranty Deed -- Lsi Title Agency Inc
Special Warranty Deed -- None Available
Trustee Deed $59,880 None Available
Vendors Lien -- Atc
Warranty Deed -- --
Warranty Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $285,729 FHA
Previous Owner $72,000 Purchase Money Mortgage
Previous Owner $60,800 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/25/2025 02/25/25 Sold -- -- --
01/25/2025 01/25/25 Pending -- -- --
01/15/2025 01/15/25 Price Changed $295,000 -0.7% $206 / Sq Ft
01/13/2025 01/13/25 Price Changed $297,000 -0.2% $207 / Sq Ft
12/18/2024 12/18/24 Price Changed $297,500 -0.8% $208 / Sq Ft
12/03/2024 12/03/24 For Sale $299,900 +3.4% $209 / Sq Ft
08/18/2023 08/18/23 Sold -- -- --
08/02/2023 08/02/23 Price Changed $290,000 -3.3% $203 / Sq Ft
07/19/2023 07/19/23 For Sale $300,000 0.0% $209 / Sq Ft
02/15/2013 02/15/13 Rented $625 -7.4% --
01/16/2013 01/16/13 Under Contract -- -- --
10/05/2012 10/05/12 For Rent $675 -- --
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 $6,031 $293,050 $106,000 $187,050
2024 $6,031 $259,950 $106,000 $153,950
2023 $6,031 $232,810 $60,000 $172,810
2022 $5,849 $232,810 $60,000 $172,810
2021 $5,011 $190,020 $60,000 $130,020
2020 $4,996 $178,750 $60,000 $118,750
2019 $4,391 $150,870 $40,000 $110,870
2018 $3,207 $114,400 $30,000 $84,400
2017 $3,205 $114,400 $30,000 $84,400
2016 $2,669 $95,260 $30,000 $65,260
2015 $1,962 $72,290 $30,000 $42,290
2014 $1,962 $72,290 $30,000 $42,290
Source: Public Records

Agents Affiliated with this Home

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Map

Source: North Texas Real Estate Information Systems (NTREIS)

MLS Number: 20789917

North Texas Real Estate Information Systems (NTREIS)

APN: 38218500020020000