Seller's Agent in 2023
Michelle Reed
Trinity Country Real Estate
(817) 688-1701
3 in this area
164 Total Sales
Estimated Value: $94,000 - $107,000
2
Beds
2
Baths
429
Sq Ft
$235/Sq Ft
Est. Value
Highlights
- Open Floorplan
- Vaulted Ceiling
- Corner Lot
- Cisco Elementary School Rated A-
- Loft
- Covered Patio or Porch
About This Home
As of October 2023Introducing 2 impeccably maintained & income-producing tiny homes nestled in the charming town of Cisco, TX. These properties offer an excellent investment opportunity with a cap rate approaching 8% & the potential for even higher returns. With their small footprint, these homes are incredibly easy to maintain, making them an ideal choice for savvy investors seeking hassle-free ownership. Unit 300 is a 392 sf cabin built in 2016 by Lelands in Stephenville. This 1 bed, 1 bath open concept home is turnkey and move in ready. Currently vacant, this tiny home is ready for new owner to set rent rate which averages $700 per month. Unit 300 B has a tenant that is month to month at a rate of $675 per mo & tenant has lived there for several years. Built in 2013, this 420 sf unit offers a nice open concept floorplan with loft bedroom, full kitchen & bath. Until owner decided to sell, occupancy has consistently stayed at 100% with reliable, long-term tenants. See Transaction Desk for more details.
Last Agent to Sell the Property
Trinity Country Real Estate Brokerage Phone: 817-594-8183 License #669860 Listed on: 06/21/2023
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $773
Year Built
- Built in 2005
Lot Details
- 4,487 Sq Ft Lot
- Front Yard Fenced and Back Yard
- Privacy Fence
- Chain Link Fence
- Corner Lot
- Few Trees
Home Design
- Pillar, Post or Pier Foundation
- Metal Roof
Interior Spaces
- 1-Story Property
- Open Floorplan
- Vaulted Ceiling
- Ceiling Fan
- Window Treatments
- Loft
Kitchen
- Electric Range
- Microwave
Flooring
- Laminate
- Ceramic Tile
- Vinyl
Bedrooms and Bathrooms
- 2 Bedrooms
- 2 Full Bathrooms
Parking
- 2 Parking Spaces
- Driveway
- Open Parking
Outdoor Features
- Covered Patio or Porch
Schools
- Cisco Elementary And Middle School
- Cisco High School
Utilities
- Cooling System Mounted In Outer Wall Opening
- Cooling System Mounted To A Wall/Window
- Floor Furnace
- Wall Furnace
- Vented Exhaust Fan
- Electric Water Heater
- High Speed Internet
Community Details
- 2 Buildings
- 2 Units
- 812 Sq Ft Building
- Ot Cisco Subdivision
Listing and Financial Details
- Assessor Parcel Number 0004859
- Tax Block 65
- $642 per year unexempt tax
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 21, 2023
Closed on
Oct 20, 2023
Sold by
Gary Ben and Gary Danielle
Bought by
Bglittle Llc
Seller's Agent
Michelle Reed
Trinity Country Real Estate
Buyer's Agent
Laine Johnson
CAPSTONE REAL ESTATE
List Price
$120,000
Views
102
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-8.84%
Original Mortgage
$71,250
Outstanding Balance
$69,993
Interest Rate
7.18%
Mortgage Type
New Conventional
Estimated Equity
$30,664
Purchase Details
Listed on
Jun 21, 2023
Closed on
Oct 10, 2023
Sold by
Loftin Pete Benjamin and Loftin Valerie Ramsey
Bought by
Ben Gary and Ben Danielle Flores
Seller's Agent
Michelle Reed
Trinity Country Real Estate
Buyer's Agent
Laine Johnson
CAPSTONE REAL ESTATE
List Price
$120,000
Views
102
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$71,250
Outstanding Balance
$69,993
Interest Rate
7.18%
Mortgage Type
New Conventional
Estimated Equity
$30,664
Create a Home Valuation Report for This Property
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Bglittle Llc | -- | Security Title | |
| Ben Gary | -- | None Listed On Document |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Bglittle Llc | $71,250 | |
| Closed | Ben Gary | $71,250 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 10/10/2023 10/10/23 | Sold | -- | -- | -- |
| 09/15/2023 09/15/23 | Pending | -- | -- | -- |
| 06/21/2023 06/21/23 | For Sale | $120,000 | -- | $280 / Sq Ft |
Source: North Texas Real Estate Information Systems (NTREIS)
Tax History Compared to Growth
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 | $773 | $41,150 | $6,750 | $34,400 |
| 2023 | $607 | $30,530 | $1,130 | $29,400 |
| 2022 | $642 | $30,680 | $1,130 | $29,550 |
| 2021 | $734 | $31,180 | $1,130 | $30,050 |
| 2020 | $731 | $31,520 | $1,130 | $30,390 |
| 2019 | $760 | $31,840 | $1,130 | $30,710 |
| 2018 | $887 | $31,990 | $1,130 | $30,860 |
| 2017 | $734 | $32,290 | $1,580 | $30,710 |
| 2016 | $393 | $17,300 | $1,580 | $15,720 |
| 2015 | -- | $17,300 | $1,580 | $15,720 |
| 2014 | -- | $1,580 | $1,580 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Michelle Reed
-
Laine Johnson
L
Buyer's Agent in 2023
Laine Johnson
CAPSTONE REAL ESTATE
(254) 485-9701
2 in this area
32 Total Sales
Map
Source: North Texas Real Estate Information Systems (NTREIS)
MLS Number: 20362227
APN: 4859
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