NOT LISTED FOR SALE

307 E College St Longview, TX 75601

Estimated Value: $126,000 - $235,000

5 Beds
5 Baths
2,784 Sq Ft
$69/Sq Ft Est. Value

Last Sold February 19, 2021

Current estimated payment $1,379/month

33 Days on Market

About This Home

As of February 2021

5-Unit Multi-Family Home in great condition located in a desirable and safe neighborhood in Longview, Texas and just minutes from downtown.
This property offers 2 units that are two-bedrooms; 2 units are one-bedroom; the stand-alone unit is also a two-bedroom. They are all spacious with an open floor plan.
Tenants pay their own utilities.
Electric bill averages $90 per month.
Water bill averages $50 per month.
Each unit has separate meters.
Seller pays less than $80 per month for insurance.
Great Investment Property-addition to Real Estate Portfolio.
Cap Rate estimated at 11.3%. See transaction docs for details.

Last Agent to Sell the Property

Ensa Dixson

United Real Estate License #0717058 Listed on: 12/19/2020

United Real Estate

Last Buyer's Agent

Jeff Ramsey

Ramsey Realty Group License #0575649

Property Details

Home Type

  • Apartment

Year Built

  • Built in 1943

Lot Details

  • 7,362

Home Design

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

Interior Spaces

  • 2,784 Sq Ft Home
  • 2-Story Property
  • Electric Oven

Flooring

  • Wood
  • Laminate

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Full Bathrooms

Parking

  • 10 Car Garage
  • Common or Shared Parking
  • Front Facing Garage

Schools

  • Bramlette Elementary School
  • Judson Middle School
  • Longview High School

Utilities

  • Window Unit Cooling System
  • Space Heater

Additional Features

  • 7,362 Sq Ft Lot
  • Accessory Dwelling Unit (ADU)

Community Details

  • 5 Units
  • 2,784 Sq Ft Building

Listing and Financial Details

  • Legal Lot and Block 21 / 19A&20A
  • Assessor Parcel Number 33774

Property Details

Home Type

Apartment

Year Built

Built in 1943

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Apartment
  • Unit Levels: Two
  • Year Built Details: Preowned
  • Multi Parcel I D Y N: Yes
  • Municipal Utility District Y N: No
  • Net Operation Income: 23388
  • Will Subdivide: No
  • Accessibility Features Yn: No
  • Accessory Unit YN: Yes
  • Ratio Current Price By Building: 58.18966
  • Special Features: None
  • Year Built: 1943

Interior Features

  • Square Footage: 2784.00
  • Interior Amenities: Other
  • Flooring: Laminate, Wood
  • Appliances: Electric Oven, Refrigerator

Beds/Baths

  • Full Bathrooms: 5
  • Total Bedrooms: 5

Exterior Features

  • Pool: No
  • Foundation: Slab
  • Roof: Composition
  • Construction Materials: Brick, Siding

Garage/Parking

  • Cooling System: Window Unit(s)
  • Number Of Parking Spaces: 10
  • Parking Features: Common, Garage Faces Front
  • GarageYN: No

Utilities

  • Heating: Space Heater
  • Utilities: Asphalt, City Sewer, City Water

Condo/Co-op/Association

  • Complex Name: College Street Apart
  • Association Type: None

Schools

  • School District: Longview ISD
  • Elementary School: Bramlette
  • High School: Longview

Lot Info

  • PropertyAttachedYN: No
  • Lot Size: Less Than .5 Acre (not Zero)
  • Lot Size Units: Acres
  • Lot Size Area: 0.1690
  • Parcel Number: 33774
  • Lot Size Acres: 0.1690
  • Lot Size Sq Ft: 7361.6400

Green Features

  • Smart Home Features Appor Pass Y: No

Building Info

  • Year Built: 1943
  • Units Total: 5

Multi Family

  • Gross Annual Expenses: 4812.00
  • Gross Annual Income: 28200.00
  • Insurance Expense: 900
  • Tenancy: Over 9 Months
  • Unit Count: 3

Tax Info

  • TaxBlock: 19A&20A
  • Tax Lot: 21

MLS Schools

  • MiddleOrJuniorSchool: Judson
  • Middle School Name: Judson
  • Elementary School Name: Bramlette
  • High School Name: Longview

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 19, 2020
Closed on
Feb 15, 2021
Sold by
Quest Trust Company
Bought by
Rdsk Llc
Seller's Agent
Ensa Dixson
United Real Estate
Buyer's Agent
Jeff Ramsey
Ramsey Realty Group
List Price
$169,000
Current Estimated Value
$197,935

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.59%

Purchase Details

Closed on
Feb 18, 2016
Sold by
Wjr Properties Llc Series 6A
Bought by
Quest Ira Inc and Yaw Asante Ira #1803931

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$85,500
Interest Rate
3.92%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Sep 25, 2015
Sold by
Pine Curtain Properties Llc
Bought by
Wjr Properties Llc Series 6A

Purchase Details

Closed on
Feb 5, 2015
Sold by
Wjr Properties Llc Series 6A
Bought by
Pine Curtain Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$107,500
Interest Rate
3.92%
Mortgage Type
Seller Take Back
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
Rdsk Llc -- Fair Texas Title
Quest Ira Inc -- None Available
Wjr Properties Llc Series 6A -- None Available
Pine Curtain Properties Llc -- None Available
Wjr Properties Llc Series 6A -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Quest Ira Inc $85,500
Previous Owner Pine Curtain Properties Llc $107,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/19/2021 02/19/21 Sold -- -- --
01/21/2021 01/21/21 Pending -- -- --
01/19/2021 01/19/21 For Sale $169,000 0.0% $61 / Sq Ft
01/07/2021 01/07/21 Pending -- -- --
12/19/2020 12/19/20 For Sale $169,000 -- $61 / 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
2025 $4,099 $209,850 $12,930 $196,920
2024 $4,099 $204,940 $12,810 $192,130
2023 $2,362 $185,580 $12,930 $172,650
2022 $3,397 $169,550 $11,600 $157,950
2021 $2,352 $104,020 $11,980 $92,040
2020 $2,355 $104,020 $11,980 $92,040
2019 $2,377 $104,020 $11,980 $92,040
2018 $2,369 $104,020 $11,980 $92,040
2017 $2,377 $104,020 $11,980 $92,040
2016 $2,377 $104,020 $11,980 $92,040
2015 $1,920 $83,990 $11,980 $72,010
2014 -- $83,990 $11,980 $72,010
Source: Public Records

Agents Affiliated with this Home

  • Ensa Dixson

    Seller's Agent in 2021

    Ensa Dixson

    United Real Estate

    (469) 335-7244

    17 Total Sales

    Ensa Dixson
    Section Image
  • Jeff Ramsey

    Buyer's Agent in 2021

    Jeff Ramsey

    Ramsey Realty Group

    (903) 452-8892

    119 Total Sales

    Jeff Ramsey
    Section Image
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Map

Source: North Texas Real Estate Information Systems (NTREIS)

MLS Number: 14488788

North Texas Real Estate Information Systems (NTREIS)

APN: 33774

Texas Gregg County Longview 75601

307 E College St, Longview, TX

Not Listed for Sale

MultiFamily

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