NOT LISTED FOR SALE

Estimated Value: $650,000

-- Bed
4 Baths
3,688 Sq Ft
$176/Sq Ft Est. Value

Last Sold May 22, 2012

Current estimated payment $4,513/month

4 Days on Market

Highlights

  • 0.23 Acre Lot
  • Patio
  • Laundry in multiple locations
  • No HOA
  • Storage
  • Wrought Iron Fence

About This Home

As of May 2012

Great investment opportunity near Airport, Downtown and Highways. Four apartments with equal 2/1 units. Apartments are good size with nice private patios. Great Potential Cash Flow potentially $2800 a month at $700 a month x 4 units. Tenants have 4 outdoor parking spaces, plus security gate. This is a Fannie Mae HomePath property. REO ID# D120BNTFEMA - Unknown Restrictions: Unknown

Last Agent to Sell the Property

Cary Beach

Pure Realty License #0602159 Listed on: 05/14/2012

Pure Realty

Last Buyer's Agent

Cary Beach

Pure Realty License #0602159 Listed on: 05/14/2012

Pure Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,349

Year Built

  • Built in 1969

Lot Details

  • 9,975 Sq Ft Lot
  • Wrought Iron Fence

Home Design

  • Slab Foundation
  • Frame Construction
  • Composition Roof
  • Stone Siding

Interior Spaces

  • 3,688 Sq Ft Home
  • 2-Story Property
  • Storage
  • Laundry in multiple locations

Outdoor Features

  • Patio

Schools

  • Linder Elementary School
  • Lively Middle School
  • Travis High School

Utilities

  • No Cooling
  • No Heating
  • Separate Meters

Community Details

  • No Home Owners Association
  • 4 Units
  • Mission Hill Sec 03 Subdivision

Listing and Financial Details

  • Foreclosure
  • REO, home is currently bank or lender owned
  • Assessor Parcel Number 03110410140000
  • 2% Total Tax Rate

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,349

Year Built

Built in 1969

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Quadruplex
  • Building Area Total: 3688.00
  • Restrictions: None
  • Unit Mix: 2/1
  • Year Built: 1969
  • Directions: IH 35 East on Ben White, North on Buleson, W on Mission Hill, N on Ventura
  • Disclosures: Other Real Estate Owned
  • Estimated Taxes: 3348.92
  • Fencing: Wrought Iron
  • Guest Accommodation Description: None
  • Home Sale Contingency: Yes
  • Intermediary: Yes
  • Levels: Two
  • Living Area: 3688.00
  • Special Listing Conditions: In Foreclosure, Real Estate Owned
  • Special Features: 20

Interior Features

  • Laundry Location: Multiple Locations
  • Accessibility Features: None
  • Property Condition: Resale, See Remarks
  • Security Features: None
  • Spa Features: None

Exterior Features

  • Exterior Features: None
  • Roof: Composition
  • Foundation: Slab
  • Patio And Porch Features: Patio
  • Pool Features: None
  • Private Pool: No
  • View: No
  • Waterfront Features: None

Garage/Parking

  • Parking Features: None

Utilities

  • Sewer: Public Sewer
  • Utilities: Electricity Available
  • Heating: None
  • Meter Description: Electric Separate, Gas Separate
  • Water Source: Public
  • Cooling: None

Association/Amenities

  • Association: No
  • Community Features: None

Schools

  • School District: Austin ISD
  • School District: Austin ISD
  • Elementary School: Linder
  • Middle School: Lively
  • High School: Travis
  • Elementary School: Linder
  • High School: Travis
  • Middle/Junior School: Lively

Lot Info

  • Lot Features: None
  • Parcel Number: 03110410140000
  • Lot Size Acres: 0.2290
  • Lot Size Sq Ft: 9975.24
  • Subdivision Name: Mission Hill Sec 03

Rental Info

  • Furnished: Unfurnished
  • Pets Allowed: No

Building Info

  • Construction Materials: Frame, Stone

Multi Family

  • Number Of Units Total: 4

Tax Info

  • Tax Filled Sqft Total: 3688
  • Tax Rate: 2.31690000000000
  • Tax Year: 2011
  • Tax Annual Amount: 3348.92
  • Tax Exemptions: None

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 14, 2012
Closed on
May 25, 2012
Sold by
Fannie Mae
Bought by
Thai Ravel
Seller's Agent
Cary Beach
Pure Realty
Buyer's Agent
Cary Beach
Pure Realty
List Price
$84,900
Current Estimated Value
$650,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.64%

Purchase Details

Closed on
Nov 29, 2011
Sold by
Aurora Bank Fsb
Bought by
United States Of America

Purchase Details

Closed on
Jan 31, 2007
Sold by
Seligman Tami L and Seligman Gary S
Bought by
Pichardo Norma Provencio

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$152,400
Interest Rate
6.11%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 22, 2001
Sold by
Zeba Maniya Zahid W and Zeba Zahid
Bought by
Seligman Gary S and Seligman Tami L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$136,000
Interest Rate
7.07%

Purchase Details

Closed on
Jun 21, 1994
Sold by
Hilton Robert and Hilton Jill
Bought by
Maniya Zahid W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$51,450
Interest Rate
8.46%
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
Thai Ravel -- Independence Title Co
United States Of America -- None Available
Pichardo Norma Provencio -- First American Title
Seligman Gary S -- Fidelity National Title Ins
Maniya Zahid W -- Gracy Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Thai Ravel $187,900
Previous Owner Pichardo Norma Provencio $152,400
Previous Owner Seligman Gary S $136,000
Previous Owner Maniya Zahid W $51,450
Closed Seligman Gary S $25,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/22/2012 05/22/12 Sold -- -- --
05/18/2012 05/18/12 Pending -- -- --
05/14/2012 05/14/12 For Sale $84,900 -- $23 / Sq Ft
Source: Unlock MLS (Austin Board 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
2025 $11,657 $665,068 $262,416 $402,652
2023 $13,335 $737,026 $175,000 $562,026
2022 $14,285 $723,313 $175,000 $548,313
2021 $11,325 $520,284 $175,000 $345,284
2020 $11,432 $533,000 $175,000 $358,000
2018 $10,172 $459,427 $175,000 $284,427
2017 $8,590 $385,162 $175,000 $210,162
2016 $5,145 $230,700 $30,000 $200,700
2015 $4,079 $222,456 $30,000 $192,456
2014 $4,079 $171,420 $30,000 $141,420
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Unlock MLS (Austin Board of REALTORS®)

MLS Number: 6693975

Unlock MLS (Austin Board of REALTORS®)

APN: 291217