NOT LISTED FOR SALE

Estimated Value: $569,000 - $874,000

-- Bed
4 Baths
3,360 Sq Ft
$230/Sq Ft Est. Value

Last Sold March 06, 2017

Current estimated payment $5,698/month

6 Days on Market

Highlights

  • 0.4 Acre Lot
  • 1-Story Property
  • Central Air
  • No HOA
  • Laundry in multiple locations
  • Privacy Fence

About This Home

As of March 2017

Opportunity in East Austin 78723. Professionally managed fourplex with cashflow and upside potential. Two separate duplex buildings on large 0.4 acre lot. Lots of new development in the area. Close-in location situated between Windsor Park and University Hills. Ideal for buy and hold, redevelop or some combination of the two.FEMA - Unknown Restrictions: Yes

Last Agent to Sell the Property

Albert Saenz

Cadenza Realty License #0509534 Listed on: 01/28/2017

Last Buyer's Agent

Tami Shneidman

B Side Properties License #0616744

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $19,112

Year Built

  • Built in 1962

Lot Details

  • 0.4 Acre Lot
  • Privacy Fence
  • Fenced
  • Level Lot

Home Design

  • Slab Foundation
  • Frame Construction
  • Asphalt Roof
  • HardiePlank Type

Interior Spaces

  • 3,360 Sq Ft Home
  • 1-Story Property
  • Laundry in multiple locations

Schools

  • Harris Elementary School
  • Garcia Middle School
  • Northeast Early College High School

Utilities

  • Central Air
  • No Heating
  • Separate Meters
  • Separate Water Meter

Community Details

  • No Home Owners Association
  • 4 Units
  • Sylvan Acre Subdivision

Listing and Financial Details

  • Tax Lot 1
  • Assessor Parcel Number 02222101270000
  • 2% Total Tax Rate

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$19,112

Year Built

Built in 1962

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Quadruplex
  • Building Area Total: 3360.00
  • Restrictions: City Restrictions
  • Unit Mix: 2/1, 3/2
  • Year Built: 1962
  • Directions: North I-35 to East on 51st Street. Left on Berkman. Right on Briarcliff. Stay straight on Gaston Place. Veer right to Wheless Lane. On right at 2515
  • Disclosures: Lead Base Paint Addendum
  • Estimated Taxes: 10714.00
  • Fencing: Fenced, Privacy
  • Guest Accommodation Description: None
  • Intermediary: Yes
  • Levels: One
  • Living Area: 3360.00
  • Property Panorama: No
  • Special Listing Conditions: Standard
  • Title: Negotiable
  • Special Features: None

Interior Features

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

Exterior Features

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

Garage/Parking

  • Parking Features: None

Utilities

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

Association/Amenities

  • Association: No
  • Community Features: None

Schools

  • School District: Austin ISD
  • School District: Austin ISD
  • Elementary School: Harris
  • Middle School: Garcia
  • High School: Northeast Early College
  • Middle Other: Sadler
  • Elementary School: Harris
  • High School: Northeast Early College
  • Middle/Junior School: Garcia

Lot Info

  • Lot Features: Level
  • Special Assessment: No
  • Parcel Number: 02222101270000
  • Lot Size Acres: 0.4020
  • Lot Size Sq Ft: 17511.12
  • Subdivision Name: Sylvan Acre

Rental Info

  • Furnished: Unfurnished
  • Total Actual Rent: 2970.00
  • Pets Allowed: No

Building Info

  • Construction Materials: Frame, HardiPlank Type

Multi Family

  • Number Of Units Total: 4

Tax Info

  • Tax Filled Sqft Total: 3360
  • Tax Lot: 1
  • Tax Rate: 2.29608000000000
  • Tax Year: 2016
  • Tax Exemptions: None

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 22, 2018
Sold by
Sammon Elizabeth J and Sammon Michael
Bought by
2515 Wheless Llc
Current Estimated Value
$774,225

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$398,000
Interest Rate
4.5%
Mortgage Type
Commercial

Purchase Details

Listed on
Jan 28, 2017
Closed on
Mar 6, 2017
Sold by
Magner Maeve
Bought by
Sammon Elizabeth J and Sammon Michael
Seller's Agent
Albert Saenz
Cadenza Realty
Buyer's Agent
Tami Shneidman
B Side Properties
List Price
$479,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.23%
Original Mortgage
$406,293
Interest Rate
4.09%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 22, 2007
Sold by
Ogorman James T and Ogorman Dana
Bought by
Magner Maeve

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$191,250
Interest Rate
6.32%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 28, 2002
Sold by
Ogorman James T and Ogorman Dana
Bought by
Ogorman James T and Ogorman Dana

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,000
Interest Rate
6.01%

Purchase Details

Closed on
Jul 7, 2000
Sold by
Ogorman Dana and Ogorman James T
Bought by
Magnolia Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,000
Interest Rate
8.66%

Purchase Details

Closed on
Jun 21, 2000
Sold by
Brothers Ewers
Bought by
Ogorman James T and Ogorman Dana

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,000
Interest Rate
8.66%
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
2515 Wheless Llc -- Corridor Title
Sammon Elizabeth J -- First American Title
Magner Maeve -- American-Austin Title Co
Ogorman James T -- Chicago Title Insurance Co
Ogorman James T -- Chicago Title Insurance Co
Magnolia Trust -- --
Ogorman James T -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed 2515 Wheless Llc $398,000
Previous Owner Sammon Elizabeth J $406,293
Previous Owner Magner Maeve $191,250
Previous Owner Ogorman James T $120,000
Previous Owner Ogorman James T $120,000
Closed Magnolia Trust $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/06/2017 03/06/17 Sold -- -- --
02/03/2017 02/03/17 Pending -- -- --
01/28/2017 01/28/17 For Sale $479,000 -- $143 / 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 $19,112 $925,918 $302,331 $623,587
2023 $20,132 $1,112,744 $420,000 $692,744
2022 $17,955 $909,174 $420,000 $489,174
2021 $12,592 $578,507 $240,000 $338,507
2020 $13,144 $612,830 $240,000 $372,830
2018 $14,613 $660,052 $240,000 $420,052
2017 $10,407 $466,635 $210,000 $256,635
2016 $10,407 $466,635 $210,000 $256,635
2015 $5,972 $615,869 $110,000 $505,869
2014 $5,972 $250,938 $110,000 $140,938
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Unlock MLS (Austin Board of REALTORS®)

MLS Number: 2842877

Unlock MLS (Austin Board of REALTORS®)

APN: 220890