NOT LISTED FOR SALE

Estimated Value: $593,000 - $603,075

3 Beds
3 Baths
5,738 Sq Ft
$104/Sq Ft Est. Value

Last Sold April 14, 2020

Current estimated payment $4,200/month

Highlights

  • Tennis Courts
  • Covered Patio or Porch
  • Heating System Uses Natural Gas
  • 1 Fireplace
  • Cooling System Powered By Gas

About This Home

As of April 2020

1929 Classic Austin Ave multi family property located on large corner lot. Includes 7 units that are all currently rented. There are 3 efficiency units, 3 - 2 bedroom units, and one - 1 bedroom unit. Each tenant is responsible for their utilities. With over 5700 square feet, almost on an acre .75 lot size, and large corner lot, this property has a lot of great possibilities. Attached to property is large lot with tennis court. Excellent location near downtown Waco, Baylor University, and the beautiful Castle Heights.

Last Agent to Sell the Property

Patricia Meadows

Graceland Real Estate License #0488304 Listed on: 03/10/2020

Last Buyer's Agent

Cynthia Marable

AG Real Estate & Associates License #533394

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,301

Year Built

  • Built in 1929

Lot Details

  • 0.76

Parking

  • Paved Parking

Home Design

  • Brick Exterior Construction
  • Frame Construction
  • Composition Roof

Interior Spaces

  • 1 Fireplace
  • Dishwasher

Outdoor Features

  • Tennis Courts
  • Covered Patio or Porch

Utilities

  • Cooling System Powered By Gas
  • Window Unit Cooling System
  • Central Air
  • Heating System Uses Natural Gas
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for electricity
  • Legal Lot and Block 15 / 28
  • Assessor Parcel Number 174700
  • $7,115 per year unexempt tax

Community Details

Overview

  • 7 Units
  • 5,738 Sq Ft Building
  • Glenwood Subdivision

Recreation

  • Tennis Courts

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,301

Year Built

Built in 1929

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Ratio Current Price By Building: 69.71070
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Cable TV Available
  • Appliances: Dishwasher, Refrigerator
  • Fireplaces: 1
  • Appliances: Yes

Exterior Features

  • Community Features: Tennis Court(s)
  • Roof: Composition
  • Construction Materials: Brick, Frame
  • Exterior Features: Covered Patio/Porch, Tennis Court(s)
  • Waterfront: No
  • Patio And Porch Features: Covered, Patio

Garage/Parking

  • Cooling System: Central Air, Electric, Gas, Window Unit(s)
  • Parking Features: Paved
  • OpenParkingYN: No

Utilities

  • Heating: Electric, Natural Gas
  • Utilities: Sewer Available

Schools

  • School District: Waco ISD
  • School District: Waco ISD

Lot Info

  • Parcel Number: 174700

Rental Info

  • Lease Term: Negotiable
  • Tenant Pays: Electricity

Building Info

  • Year Built: 1929
  • Units Total: 7

Tax Info

  • Unexempt Taxes: 7115
  • TaxBlock: 28
  • Tax Lot: 15

Multi Family

  • Unit Count: 7

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 10, 2020
Closed on
Apr 13, 2020
Sold by
Payne Mark and Payne Mary Anne
Bought by
Rundle Group Llc
Seller's Agent
Patricia Meadows
Graceland Real Estate
Buyer's Agent
Cynthia Marable
AG Real Estate & Associates
Current Estimated Value
$598,038

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.89%
Original Mortgage
$320,000
Outstanding Balance
$285,528
Interest Rate
3.2%
Mortgage Type
New Conventional
Estimated Equity
$411,994

Purchase Details

Closed on
Jun 22, 2005
Sold by
Haas Karen Michelle
Bought by
Payne Mark and Payne Mary Anne
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
Rundle Group Llc -- None Available
Payne Mark -- First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rundle Group Llc $320,000
Previous Owner Payne Mark $125,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/14/2020 04/14/20 Sold -- -- --
03/10/2020 03/10/20 Pending -- -- --
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 $11,301 $501,000 $83,820 $417,180
2023 $11,232 $501,000 $83,820 $417,180
2022 $11,869 $471,480 $72,930 $398,550
2021 $7,983 $300,270 $61,380 $238,890
2020 $7,115 $262,372 $55,770 $206,602
2019 $7,381 $262,372 $55,770 $206,602
2018 $6,790 $238,930 $50,490 $188,440
2017 $6,811 $238,930 $50,490 $188,440
2016 $6,455 $226,470 $49,500 $176,970
2015 $6,911 $223,270 $48,180 $175,090
2014 $6,911 $245,570 $50,000 $195,570
Source: Public Records

Agents Affiliated with this Home

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Map

Source: North Texas Real Estate Information Systems (NTREIS)

MLS Number: 192273

North Texas Real Estate Information Systems (NTREIS)

APN: 48-020000-016501-1