NOT LISTED FOR SALE

2531 Westminster Dr Tyler, TX 75701

Estimated Value: $317,000 - $481,000

6 Beds
4 Baths
2,876 Sq Ft
$137/Sq Ft Est. Value

Last Sold December 31, 2014

Current estimated payment $2,593/month

Highlights

  • Covered Patio or Porch
  • 1-Story Property
  • Ceiling Fan
  • Hubbard Middle School Rated A-
  • Central Air
  • Carpet

About This Home

As of December 2014

Great investment opportunity! Close to UT Tyler! Large units! 1438 square feet each! Covered parking up front and separate fenced backyards for each unit. Covered patio! Nice sized bedrooms and laundry room with washer/dryer hookups in each unit. Buy one side for your college student and rent the other side! Duplex has been rented for two years on one side and 3 years on the other. Rented at $975 each. Rent could be higher with new flooring. Landlord has not raised rent to avoid turnover costs of finding a new tenant. Lease in effect until June of next year one one unit and July of next year on the other. Both tenants pay on time. Walking distance of only two blocks to UT Tyler!!

Last Agent to Sell the Property

Lynette Fletcher

National Agent Network License #0638952 Listed on: 11/17/2014

Last Buyer's Agent

Matthew Cornelius

RE/MAX Professionals License #0570058

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,002

Year Built

  • Built in 1994

Lot Details

  • 10,716 Sq Ft Lot
  • Lot Dimensions are 79.5 x 138.5
  • Chain Link Fence

Parking

  • Carport

Home Design

  • Duplex
  • Brick Exterior Construction
  • Slab Foundation
  • Composition Roof

Interior Spaces

  • 2,876 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Blinds

Kitchen

  • Electric Oven or Range
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Vinyl

Outdoor Features

  • Covered Patio or Porch

Schools

  • Clarkston Elementary School
  • Moore Middle School
  • Tyler Legacy High School

Utilities

  • Central Air
  • Heating Available

Community Details

  • 2 Units
  • University Park Subdivision

Listing and Financial Details

  • Tenant pays for all utilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,002

Year Built

Built in 1994

Lot Details

0

Listing Details

  • OFFICELIST_ADDRESS: 2531/2533 Westminster
  • ForecloseBankOwnedYN: No
  • LakeCommunity: No
  • Unit Levels: 1 Story
  • LO1BrokerLicenseNumber: 0443150 - Aaron Farmer
  • PrimaryType: Duplex
  • PublicRemarksAmenities: Great investment opportunity! Close to UT Tyler! Large units! 1438 square feet each! Covered parking up front and separate fenced backyards for each unit. Covered patio! Nice sized bedrooms and laundry room with washer/dryer hookups in each unit. Buy one side for your college student and rent the other side! Duplex has been rented for two years on one side and 3 years on the other. Rented at $975 each. Rent could be higher with new flooring. Landlord has not raised rent to avoid turnover costs of finding a new tenant. Lease in effect until June of next year one one unit and July of next year on the other. Both tenants pay on time. Walking distance of only two blocks to UT Tyler!!
  • OFFICELIST_STATE: TX
  • Subdivision Name: University Park
  • Water Company: City of Tyler
  • YearOfConstruction: 1994
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1994

Interior Features

  • Fireplace: None
  • Flooring: Carpet, Vinyl
  • Interior Amenities: Ceiling Fan, Blinds
  • Kitchen Equipment: Range/Oven-Electric, Dishwasher, Disposal, Refrigerator
  • Source of Sq Ft: SCAD

Exterior Features

  • Exterior Construction: Brick Veneer
  • Fencing: Chain Link Fence
  • Exterior: Patio Covered
  • Foundation: Slab
  • Roof: Composition
  • Waterfront: No
  • Water View: No

Garage/Parking

  • Driveway: Concrete
  • PARKING24FAMILY: Carport

Utilities

  • Cooling: Central Electric
  • Heating: Central Electric
  • Sewer: Public Sewer
  • Hot Water: Public

Condo/Co-op/Association

  • Number of Units: 2

Fee Information

  • Tax Class: MULTI-FAMILY
  • Taxes: 4001.92

Schools

  • Elementary School: Clarkston
  • High School: Tyler Legacy
  • Middle School: Moore

Lot Info

  • Estimated Lot Dimensions: 79.5 x 138.5
  • Total Acres: 0.246
  • Zoning: Two Family Dwelling

Rental Info

  • Tenant Pays: All Utilities

Tax Info

  • Tax Year: 2014

Multi Family

  • Owners Expenses: Taxes, Insurance, Maintenance Repairs, Lawn Care

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 17, 2007
Sold by
Buffin Charles and Buffin Gena
Bought by
Ramirez John
Current Estimated Value
$393,932

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$155,040
Outstanding Balance
$92,811
Interest Rate
6.15%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$301,121

Purchase Details

Closed on
Aug 10, 2005
Sold by
Langford Lynn and Lynn Langford Properties
Bought by
Buffin Charles and Buffin Gena

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$157,500
Interest Rate
5.65%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Ramirez John -- None Available
Ramirez John -- None Available
Ramirez John -- None Available
Buffin Charles -- Landmark Title
Buffin Charles -- Landmark Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ramirez John $155,040
Closed Ramirez John $155,040
Previous Owner Buffin Charles $157,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/31/2014 12/31/14 Sold -- -- --
11/17/2014 11/17/14 Pending -- -- --
Source: Greater Tyler Association 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 $6,200 $349,883 $36,288 $313,595
2024 $6,200 $364,455 $26,300 $338,155
2023 $6,520 $374,058 $26,300 $347,758
2022 $5,714 $291,677 $19,725 $271,952
2021 $4,841 $230,745 $19,725 $211,020
2020 $4,806 $224,620 $19,725 $204,895
2019 $4,884 $223,355 $13,150 $210,205
2018 $4,609 $211,928 $13,150 $198,778
2017 $4,525 $211,928 $13,150 $198,778
2016 $4,378 $205,078 $13,150 $191,928
2015 $4,002 $194,986 $13,150 $181,836
2014 $4,002 $188,332 $13,150 $175,182
Source: Public Records

Agents Affiliated with this Home

  • Lynette Fletcher

    Seller's Agent in 2014

    Lynette Fletcher

    National Agent Network

    (903) 952-1213

    67 Total Sales

    Lynette Fletcher
    Section Image

  • M

    Buyer's Agent in 2014

    Matthew Cornelius

    RE/MAX

    (903) 714-4356

    97 Total Sales

    Matthew Cornelius
    Section Image
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Map

Source: Greater Tyler Association of REALTORS®

MLS Number: 10050242

Greater Tyler Association of REALTORS®

APN: 1-50000-1080-01-038000

Texas Smith County Tyler 75701

2531 Westminster Dr, Tyler, TX

Not Listed for Sale

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