NOT LISTED FOR SALE

Estimated Value: $551,483 - $676,000

-- Bed
6 Baths
3,904 Sq Ft
$157/Sq Ft Est. Value

Last Sold August 22, 2023

Current estimated payment $4,357/month

109 Days on Market

Highlights

  • Wooded Lot
  • Stainless Steel Appliances
  • Cul-De-Sac
  • No HOA
  • Balcony
  • Walk-In Closet

About This Home

As of August 2023

Welcome to this exceptional investment opportunity! This quadruplex features two 2be/1ba units and two 1be/1ba units. The property includes a vacant storage building that can be converted to a shared laundry room or other additional stream of income. It is situated in a dynamic neighborhood that is experiencing positive changes.

Currently, 2 units are vacant and 2 are undergoing eviction. One writ of possession is scheduled for 6/1 and the other has the appealed court date set for 6/1.

The property will require updates and maintenance. This presents an opportunity to add value and increase your returns with sweat equity before fetching market rent values that have escalated significantly in the past 2 years. Tap into the growing demand for quality housing in North Austin!

Don't let this opportunity pass you by! Viewings by appointment only - text property manager to schedule.

Last Agent to Sell the Property

Forest Kimbrell

1836 Realty & Property Mgmt License #0774950 Listed on: 03/13/2023

Last Buyer's Agent

Jacob Rodriques Pereira

Front Page Realty License #0724150

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,832

Year Built

  • Built in 1968

Lot Details

  • 9,383 Sq Ft Lot
  • Cul-De-Sac
  • South Facing Home
  • Wooded Lot

Home Design

  • Mansard Roof Shape
  • Brick Exterior Construction
  • Slab Foundation
  • Vertical Siding

Interior Spaces

  • Walk-In Closet
  • 3,904 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Blinds
  • Family Room
  • Living Room
  • Dining Room
  • Fire and Smoke Detector

Kitchen

  • Electric Oven
  • Electric Range
  • Freezer
  • Dishwasher
  • Stainless Steel Appliances
  • Laminate Countertops

Flooring

  • Laminate
  • Tile
  • Vinyl

Parking

  • 8 Parking Spaces
  • Common or Shared Parking
  • Driveway
  • Paved Parking
  • Parking Lot
  • Outside Parking

Outdoor Features

  • Balcony
  • Patio
  • Outdoor Storage
  • Rain Gutters

Schools

  • Brown Elementary School
  • Webb Middle School
  • Navarro Early College High School

Utilities

  • Central Heating and Cooling System
  • Separate Meters
  • Shared Water Meter
  • Electric Water Heater

Listing and Financial Details

  • Down Payment Assistance Available
  • Legal Lot and Block 19 / D
  • Assessor Parcel Number 02311409520000
  • 2% Total Tax Rate

Community Details

Overview

  • No Home Owners Association
  • Holiday Heights Sec 1 Subdivision

Amenities

  • Common Area
  • No Laundry Facilities

Pet Policy

  • Pets allowed on a case-by-case basis

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,832

Year Built

Built in 1968

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Quadruplex
  • Restrictions: None
  • Unit Mix: 1/1, 2/1
  • Year Built: 1968
  • Direction Faces: South
  • Directions: From the intersection of N Lamar Blvd & W St John's Ave, travel east 0.7 miles on W St John's Ave to Twin Crest Dr. // Turn left (north) on Twin Crest Dr. // Take first right on Carmen Ct. // Property is second structure on the left From I-35, travel west 0.3 miles on W St John's Ave to Twin Crest Dr. // Turn right (north) on Twin Crest Dr. // Take first right on Carmen Ct. // Property is second structure on the left
  • Disclosures: Lead Base Paint Addendum, Seller Disclosure
  • Estimated Taxes: 15890.00
  • ETJ Extra Territorial Jurdn: No
  • FEMA Flood Plain: No
  • Fencing: None
  • Green Energy Efficient: None
  • Green Sustainability: None
  • Home Sale Contingency: No
  • Intermediary: Yes
  • Levels: Two
  • Living Area: 3904.00
  • Other Equipment: None
  • Other Structures: Storage
  • Special Listing Conditions: Standard
  • Special Features: None

Interior Features

  • Interior Amenities: Ceiling Fan(s), Counter-Laminate, Interior Steps, Walk-In Closet(s)
  • Laundry Location: None
  • View: None
  • Flooring: Laminate, Tile, Vinyl
  • Accessibility Features: None
  • Appliances: Dishwasher, Electric Range, Freezer, Electric Oven, Refrigerator, Stainless Steel Appliance(s), Water Heater-Electric
  • Property Condition: Resale
  • Security Features: Smoke Detector(s)
  • Window Features: Blinds

Exterior Features

  • Exterior Features: Balcony, Gutters Partial
  • Roof: Mansard
  • Foundation: Slab
  • Patio And Porch Features: Patio
  • Pool Features: None
  • Waterfront Features: None
  • Waterfront: No

Garage/Parking

  • Parking Features: Asphalt, Common, Outside, Parking Lot, Paved
  • Total Parking Spaces: 8.00

Utilities

  • Sewer: Public Sewer
  • Utilities: Electricity Available, Water Available
  • Heating: Central
  • Meter Description: Electric Separate, Water Common
  • Water Source: Public
  • Cooling: Ceiling Fan(s), Central Air

Association/Amenities

  • Association: No
  • Community Features: Common Grounds, Curbs

Schools

  • School District: Austin ISD
  • School District: Austin ISD
  • Elementary School: Brown
  • Middle School: Webb
  • High School: Navarro Early College
  • Elementary School: Brown
  • High School: Navarro Early College
  • Middle/Junior School: Webb

Lot Info

  • Lot Features: Cul-De-Sac, Curbs, Trees-Medium (20 Ft - 40 Ft), Trees-Moderate
  • Lot Size: 0 x 0
  • Parcel Number: 02311409520000
  • Lot Size Acres: 0.2154
  • Lot Size Sq Ft: 9382.82
  • Subdivision Name: Holiday Heights Sec 1

Rental Info

  • Total Actual Rent: 2045.00
  • Pets Allowed: Negotiable

Building Info

  • Construction Materials: Brick Veneer, Vertical Siding
  • New Construction: No

Tax Info

  • Tax Block: D
  • Tax Lot: 19
  • Tax Rate: 1.97500000000000
  • Tax Year: 2022
  • Tax Annual Amount: 10832.00
  • Tax Exemptions: None

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 13, 2023
Closed on
Sep 11, 2023
Sold by
Austin Revitalization Authorit
Bought by
Ara Carmen 302 Llc
Seller's Agent
Forest Kimbrell
1836 Realty & Property Mgmt
Buyer's Agent
Jacob Rodriques Pereira
Front Page Realty
List Price
$715,000
Views
56
Current Estimated Value
$613,742

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-2.77%

Purchase Details

Listed on
Mar 13, 2023
Closed on
Aug 22, 2023
Sold by
Ibrahim Dilraba and Kadire Jayce
Bought by
Austin Revitalization Authorit
Seller's Agent
Forest Kimbrell
1836 Realty & Property Mgmt
Buyer's Agent
Jacob Rodriques Pereira
Front Page Realty
List Price
$715,000
Views
56

Purchase Details

Closed on
Dec 15, 2021
Sold by
Kadire and Dilraba
Bought by
Ibrahim Dilraba

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
3.22%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 23, 2020
Closed on
Jul 31, 2020
Sold by
Harper Justin
Bought by
Kadire Jayce and Ibrahim Dilraba
Seller's Agent
Danny Baisley
Real Broker, LLC
Buyer's Agent
Paul Williams
Paul Williams, Broker
List Price
$560,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.92%

Purchase Details

Closed on
Dec 1, 2016
Sold by
302 Carmen Llc
Bought by
Harper Justin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$360,000
Interest Rate
3.52%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 11, 2007
Sold by
Sharp Brian and Sharp Debbie
Bought by
Hyslop Timothy J and Hall Neil J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$148,000
Interest Rate
6.16%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 5, 2005
Sold by
Banks Christine L and Peterson Darren Wayne
Bought by
Sharp Brian and Sharp Debbie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$188,000
Interest Rate
5.51%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Dec 9, 2003
Sold by
Banks Christine Lynch
Bought by
Banks Christine Lynch and Peterson Darren Wayne

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$185,250
Interest Rate
5.99%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 17, 2003
Sold by
Seaborg William A and Kohler John A
Bought by
Banks Christine L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$185,250
Interest Rate
5.99%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 19, 1997
Sold by
Dahle David N
Bought by
Kohler John A and Seaborg William A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$86,400
Interest Rate
7.92%
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
Ara Carmen 302 Llc -- None Listed On Document
Austin Revitalization Authorit -- Heritage Title
Ibrahim Dilraba -- None Listed On Document
Kadire Jayce -- Chicago Title Austin
Harper Justin -- None Available
Hyslop Timothy J -- North American Title
Sharp Brian -- --
Banks Christine Lynch -- --
Banks Christine L -- --
Kohler John A -- Heritage Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ara Carmen 302 Llc $650,000
Previous Owner Ibrahim Dilraba $398,000
Previous Owner Ibrahim Kadire K $395,500
Previous Owner Harper Justin $360,000
Previous Owner Hyslop Timothy J $148,000
Previous Owner Sharp Brian $188,000
Previous Owner Banks Christine L $185,250
Previous Owner Kohler John A $86,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/22/2023 08/22/23 Sold -- -- --
06/30/2023 06/30/23 Pending -- -- --
04/11/2023 04/11/23 Price Changed $699,000 -2.2% $179 / Sq Ft
03/13/2023 03/13/23 For Sale $715,000 +27.7% $183 / Sq Ft
07/31/2020 07/31/20 Sold -- -- --
06/10/2020 06/10/20 Pending -- -- --
04/23/2020 04/23/20 For Sale $560,000 0.0% $143 / Sq Ft
03/01/2017 03/01/17 Rented $950 +2.2% --
02/28/2017 02/28/17 Under Contract -- -- --
02/01/2017 02/01/17 For Rent $930 -- --
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 $12,473 $609,766 $365,715 $244,051
2023 $14,659 $810,240 $345,000 $465,240
2022 $15,890 $804,565 $345,000 $459,565
2021 $11,893 $546,360 $230,000 $316,360
2020 $10,832 $505,000 $230,000 $275,000
2019 $11,092 $505,000 $230,000 $275,000
2018 $11,070 $500,000 $230,000 $270,000
2017 $10,337 $463,506 $155,250 $308,256
2016 $5,239 $234,929 $155,250 $79,679
2015 $4,426 $234,929 $155,250 $79,679
2014 $4,426 $200,984 $132,250 $68,734
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Unlock MLS (Austin Board of REALTORS®)

MLS Number: 8423700

Unlock MLS (Austin Board of REALTORS®)

APN: 232703