NOT LISTED FOR SALE

2801 Meadow Park Dr Bedford, TX 76021

Estimated Value: $566,000 - $2,610,788

32 Beds
29 Baths
4,368 Sq Ft
$364/Sq Ft Est. Value

Last Sold April 03, 2019

Current estimated payment $9,811/month

9 Days on Market

Highlights

  • Central Heating and Cooling System
  • High Speed Internet
  • Partially Fenced Property
  • Shady Brook Elementary School Rated A-

About This Home

As of April 2019

Building 2801 must be sold with building 2805, 2809 and 2813. Expense and Income numbers are for all 4 buildings; each hold 4 units which lease for around $1000 each unit. Located in Bedford, TX and a short distance away from 183 and 121 these units are accessible, convenient and desirable. All units but one are currently occupied and on month-to-month lease. Sellers disclosures and other information listed in documents. One vacant unit available for showing. MLS listing info deemed reliable but not exact. Buyer to verify all information. MULTIPLE OFFERS RECEIVED. Please submit best offers by Friday Feb 22 at 11:59PM

Last Agent to Sell the Property

Jonathan Luu

Charitable Realty License #0652685 Listed on: 02/15/2019

Last Buyer's Agent

Gil Cohen

INC Realty LLC License #0652573

INC Realty LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,877

Year Built

  • Built in 1982

Lot Details

  • 9,757 Sq Ft Lot
  • Partially Fenced Property
  • Wood Fence
  • Few Trees

Home Design

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

Interior Spaces

  • 4,368 Sq Ft Home
  • 2-Story Property

Kitchen

  • Electric Oven
  • Electric Cooktop
  • Microwave

Bedrooms and Bathrooms

  • 32 Bedrooms

Parking

  • 16 Parking Spaces
  • Common or Shared Parking
  • On-Street Parking

Schools

  • Shadybrook Elementary School
  • Harwood Middle School
  • Trinity High School

Utilities

  • Central Heating and Cooling System
  • High Speed Internet
  • Cable TV Available

Community Details

  • 16 Units
  • 4,368 Sq Ft Building
  • Bedford Meadows Add Subdivision

Listing and Financial Details

  • Legal Lot and Block 5 / 6
  • Assessor Parcel Number 00137898
  • $8,017 per year unexempt tax

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,877

Year Built

Built in 1982

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Quadruplex
  • Unit Levels: Two
  • Year Built Details: Preowned
  • Multi Parcel I D Y N: Yes
  • Municipal Utility District Y N: No
  • Net Operation Income: 161922
  • Will Subdivide: Subdivided
  • Accessibility Features Yn: No
  • Ratio Current Price By Building: 400.64103
  • Special Features: None
  • Year Built: 1982

Interior Features

  • Square Footage: 4368.00
  • Interior Amenities: Cable TV Available, High Speed Internet Available
  • Appliances: Electric Cooktop, Electric Oven, Microwave, Refrigerator

Beds/Baths

  • Full Bathrooms: 20
  • Half Bathrooms: 9
  • Total Bedrooms: 32

Exterior Features

  • Pool: No
  • Foundation: Slab
  • Fencing: Partial, Wood
  • Roof: Composition
  • Construction Materials: Brick, Wood

Garage/Parking

  • Cooling System: Central Air, Electric
  • Number Of Parking Spaces: 16
  • Parking Features: Common, On Street
  • GarageYN: No

Utilities

  • Heating: Central, Electric
  • Utilities: City Sewer, City Water, Concrete, Curbs, Sidewalk

Condo/Co-op/Association

  • Complex Name: Meadow Park
  • Association Type: None

Schools

  • School District: Hurst-Euless-Bedford ISD
  • Elementary School: Shadybrook
  • High School: Trinity
  • School District: Hurst-Euless-Bedford ISD
  • Elementary School: Shadybrook
  • Junior High School: Harwood
  • High School: Trinity

Lot Info

  • PropertyAttachedYN: No
  • Lot Features: Few Trees
  • Lot Size Units: Acres
  • Lot Size Area: 0.2240
  • Parcel Number: 00137898
  • Lot Size Acres: 0.2240
  • Lot Size Sq Ft: 9757.4400

Green Features

  • Smart Home Features Appor Pass Y: No

Building Info

  • Year Built: 1982
  • Units Total: 16

Multi Family

  • Gross Annual Expenses: 327652.00
  • Gross Annual Income: 489574.00
  • Insurance Expense: 29367
  • Unit Count: 1

Tax Info

  • Unexempt Taxes: 8017
  • TaxBlock: 6
  • Tax Lot: 5

MLS Schools

  • MiddleOrJuniorSchool: Harwood
  • Elementary School Name: Shadybrook
  • High School Name: Trinity

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 15, 2019
Closed on
Apr 3, 2019
Sold by
Riese Paul and Riese Sarah
Bought by
Beasley Jason
Seller's Agent
Jonathan Luu
Charitable Realty
Buyer's Agent
Gil Cohen
INC Realty LLC
List Price
$1,800,000
Current Estimated Value
$1,588,394

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-0.33%
Original Mortgage
$328,125
Interest Rate
4.3%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 7, 2014
Sold by
Mogwitz Paul
Bought by
Riese Paul and Riese Sarah

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$218,400
Interest Rate
4.18%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 19, 2007
Sold by
Mogwitz Paul Kenneth
Bought by
Mrp Properties Llc
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
Beasley Jason -- First American Title
Riese Paul -- Reunion Title
Mrp Properties Llc -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Beasley Jason $382,100
Closed Beasley Jason $328,125
Previous Owner Riese Paul $218,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/03/2019 04/03/19 Sold -- -- --
02/24/2019 02/24/19 Pending -- -- --
02/15/2019 02/15/19 For Sale $1,800,000 -- $412 / Sq Ft
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 $13,877 $712,753 $50,000 $662,753
2023 $11,595 $604,544 $50,000 $554,544
2022 $9,037 $413,757 $50,000 $363,757
2021 $9,746 $413,757 $50,000 $363,757
2020 $9,998 $420,513 $50,000 $370,513
2019 $8,226 $338,619 $50,000 $288,619
2018 $8,017 $330,000 $50,000 $280,000
2017 $7,983 $330,000 $50,000 $280,000
2016 $6,808 $281,442 $50,000 $231,442
2015 $6,768 $269,500 $24,450 $245,050
2014 $6,768 $269,500 $24,450 $245,050
Source: Public Records

Agents Affiliated with this Home

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Map

Source: North Texas Real Estate Information Systems (NTREIS)

MLS Number: 14024761

North Texas Real Estate Information Systems (NTREIS)

APN: 00137898