NOT LISTED FOR SALE

306 Blake Dr Longview, TX 75604

Estimated Value: $178,000 - $223,000

4 Beds
2 Baths
2,000 Sq Ft
$97/Sq Ft Est. Value

Last Sold June 28, 2019

Current estimated payment $1,254/month

About This Home

As of June 2019

New roof in 2019. Refrigerator, stove and dishwasher in each unit in included with sale. 13-year tenant in unit A with lease renewal 12/31/19. 2-year tenant in unit B with lease renewal 8/14/19. Rental currently managed by Reliable Management, Longview TX with 10% fee including lawn care. Rental company can be contracted to handle repairs. Gross annual rent $14,040, less rental management fee ($1404), less 10% assumed set aside for repairs ($1404), less property taxes ($1924.70) yields 10.7% cash on cash cap rate.

Last Agent to Sell the Property

Steven Gillespie

Keller Williams Realty-Tyler License #0695985 Listed on: 05/20/2019

Last Buyer's Agent

NON MEMBER AGENT

NON MEMBER OFFICE

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,925

Year Built

  • Built in 1981

Lot Details

  • 0.29

Home Design

  • 2,000 Sq Ft Home
  • Duplex
  • Brick Exterior Construction
  • Slab Foundation

Parking

  • Over 1 Space Per Unit
  • Paved Parking

Schools

  • Spring Hill Elementary And Middle School
  • Spring Hill High School

Utilities

  • Central Air
  • Heating System Uses Gas

Community Details

  • 2 Units
  • Thomas Manor Subdivision

Listing and Financial Details

  • Tenant pays for all utilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,925

Year Built

Built in 1981

Lot Details

0

Listing Details

  • OFFICELIST_ADDRESS: 306 Blake Dr
  • ForecloseBankOwnedYN: No
  • LakeCommunity: No
  • LO1BrokerLicenseNumber: 0452271 - Anne Lakusta
  • PrimaryType: Duplex
  • PublicRemarksAmenities: New roof in 2019. Refrigerator, stove and dishwasher in each unit in included with sale. 13-year tenant in unit A with lease renewal 12/31/19. 2-year tenant in unit B with lease renewal 8/14/19. Rental currently managed by Reliable Management, Longview TX with 10% fee including lawn care. Rental company can be contracted to handle repairs. Gross annual rent $14,040, less rental management fee ($1404), less 10% assumed set aside for repairs ($1404), less property taxes ($1924.70) yields 10.7% cash on cash cap rate.
  • OFFICELIST_STATE: TX
  • Subdivision Name: Thomas Manor
  • Under Construction: No
  • YearOfConstruction: 1981
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1981

Interior Features

  • Fireplace: None
  • Source of Sq Ft: Gregg CAD

Exterior Features

  • Exterior Construction: Brick and Wood
  • Foundation: Slab
  • Waterfront: No
  • Water View: No

Garage/Parking

  • PARKING24FAMILY: 1 Or More Per Unit, Paved Areas

Utilities

  • Cooling: Central Electric
  • Heating: Central Gas

Condo/Co-op/Association

  • Number of Units: 2

Fee Information

  • Tax Class: MULTI-FAMILY
  • Taxes: 1924.70

Schools

  • Elementary School: Spring Hill
  • High School: Spring Hill
  • Middle School: Spring Hill

Lot Info

  • Zoning: Single Family

Rental Info

  • Tenant Pays: All Utilities

Tax Info

  • Tax Year: 2018

Multi Family

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 20, 2019
Closed on
Jun 27, 2019
Sold by
Cheng Jiunn Sheau and Cheng Ling H
Bought by
Davila Oscar
Seller's Agent
Steven Gillespie
Keller Williams Realty-Tyler
Buyer's Agent
NON MEMBER AGENT
NON MEMBER OFFICE
Current Estimated Value
$189,456

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.10%
Original Mortgage
$77,250
Outstanding Balance
$67,641
Interest Rate
4%
Mortgage Type
New Conventional
Estimated Equity
$125,853

Purchase Details

Closed on
Jul 26, 2007
Sold by
Cheng Jiunn Sheau and Cheng Ling Hwei
Bought by
Cheng Jiunn Sheau and Cheng Ling Hwei
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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Purchase History

Date Buyer Sale Price Title Company
Davila Oscar -- Ustc
Cheng Jiunn Sheau -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Davila Oscar $77,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/28/2019 06/28/19 Sold -- -- --
05/20/2019 05/20/19 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 $3,169 $149,690 $11,090 $138,600
2024 $32 $149,860 $10,960 $138,900
2023 $3,234 $152,670 $11,840 $140,830
2022 $3,252 $138,360 $7,490 $130,870
2021 $2,298 $96,770 $7,850 $88,920
2020 $2,348 $98,240 $7,850 $90,390
2019 $2,051 $83,970 $7,850 $76,120
2018 $1,925 $80,720 $7,850 $72,870
2017 $1,975 $80,870 $7,850 $73,020
2016 $2,004 $82,060 $7,850 $74,210
2015 $2,004 $82,060 $7,850 $74,210
2014 -- $83,220 $7,850 $75,370
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2019

    Steven Gillespie

    Keller Williams Realty-Tyler

  • N

    Buyer's Agent in 2019

    NON MEMBER AGENT

    NON MEMBER OFFICE

See All Agents

Map

Source: Greater Tyler Association of REALTORS®

MLS Number: 10108426

Greater Tyler Association of REALTORS®

APN: 68677

Texas Gregg County Longview 75604

306 Blake Dr, Longview, TX

Not Listed for Sale

MultiFamily

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Greater Tyler Association of REALTORS® IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed to be reliable but not guaranteed.

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