$850,000
SOLD JAN 21, 2025
Last list price
8 Beds
4 Baths
3,648 Sq Ft
7,884 Sq Ft Lot

Recently Sold

$233 Per Sq Ft

321 Days on Market

About This Home

As of January 2025

Exciting Investment Opportunity! Situated conveniently across from UTA and downtown Arlington, this property boasts a distinctive feature: a fully renovated second-story concrete patio with stunning views of the campus. With recent upgrades including a newer roof and HVAC systems, this property has been meticulously maintained. Each unit consists of 2 bedrooms and 1 bathroom, currently renting for $1,250 for 2 units, $1,150 for 1 unit and $1,350 for 1 unit. There's potential to increase rental income with strategic rent adjustments. Don't miss out on this promising investment opportunity!

Last Agent to Sell the Property

Cindy Zhuo

Sunet Group Brokerage Phone: 972-664-0500 License #0691841 Listed on: 03/04/2024

Last Buyer's Agent

Snezha Karns

Citiwide Alliance Realty License #0633900

Citiwide Alliance Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,194

Year Built

  • Built in 1963

Home Design

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

Interior Spaces

  • 2-Story Property
  • Disposal

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Full Bathrooms

Parking

  • 4 Parking Spaces
  • Attached Carport
  • Assigned Parking

Schools

  • Swift Elementary School
  • Bailey Middle School
  • Arlington High School

Additional Features

  • 7,884 Sq Ft Lot
  • Central Heating and Cooling System

Community Details

  • 4 Units
  • 3,648 Sq Ft Building
  • Lampe George Add Subdivision

Listing and Financial Details

  • Tax Lot 11
  • Assessor Parcel Number 01581767
  • $11,194 per year unexempt tax

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,194

Year Built

Built in 1963

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: No
  • Municipal Utility District Y N: No
  • Net Operation Income: 38000
  • Will Subdivide: No
  • Accessibility Features Yn: No
  • Ratio Current Price By Building: 201.06908
  • Attribution Contact: 972-664-0500
  • Special Features: None
  • Year Built: 1963

Interior Features

  • Interior Amenities: Other
  • Flooring: Other
  • Appliances: Disposal

Beds/Baths

  • Full Bathrooms: 4
  • Total Bedrooms: 8

Exterior Features

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

Garage/Parking

  • Cooling System: Central Air
  • Number Of Parking Spaces: 4
  • Parking Features: Assigned, Attached Carport

Utilities

  • Heating: Central
  • Utilities: City Sewer, City Water

Condo/Co-op/Association

  • Association Type: None

Schools

  • School District: Arlington ISD
  • Elementary School: Swift
  • High School: Arlington
  • School District: Arlington ISD
  • Elementary School: Swift
  • Junior High School: Bailey

Lot Info

  • Lot Size Units: Acres
  • Lot Size Area: 0.1810
  • Parcel Number: 01581767
  • Lot Size Acres: 0.1810
  • Lot Size Sq Ft: 7884.3600

Green Features

  • Smart Home Features Appor Pass Y: No

Building Info

  • Year Built: 1963
  • Units Total: 4

Multi Family

  • Gross Annual Expenses: 15000.00
  • Gross Annual Income: 58800.00
  • Insurance Expense: 3647
  • Unit Count: 4

Tax Info

  • Unexempt Taxes: 11194
  • Tax Lot: 11

MLS Schools

  • Elementary School Name: Swift
  • High School Name: Arlington

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 4, 2024
Closed on
Jan 21, 2025
Sold by
Hong & R Llc
Bought by
Yiem Kenyin
Seller's Agent
Cindy Zhuo
Sunet Group
Buyer's Agent
Snezha Karns
Citiwide Alliance Realty
List Price
$850,000
Views
283
Current Estimated Value
$648,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-35.91%
Original Mortgage
$530,250
Outstanding Balance
$527,390
Interest Rate
6.6%
Mortgage Type
New Conventional
Estimated Equity
$120,610

Purchase Details

Closed on
Sep 23, 2020
Sold by
Southern Hills Prop Group Llc
Bought by
Hong & R Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$308,000
Interest Rate
2.9%
Mortgage Type
Commercial

Purchase Details

Closed on
May 8, 2019
Sold by
Gigliotti Mark J and Gigliotti Jessica S
Bought by
Egb Capital Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$266,000
Interest Rate
4%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 7, 2019
Sold by
Efb Capital Llc
Bought by
Southern Hills Property Group Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$266,000
Interest Rate
4%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 2, 2016
Sold by
Jsg Holdings Llc
Bought by
Gigliotti Mark J and Gigliotti Jessica S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$122,500
Interest Rate
2.96%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 16, 2012
Sold by
Gigliotti Mark J and Gigliotti Jessica S
Bought by
Jsg Holdings Llc

Purchase Details

Closed on
Sep 27, 2002
Sold by
Brown Steven M and Brown Marie A
Bought by
Gigliotti Mark J and Gigliotti Jessica S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$147,000
Interest Rate
6.2%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 11, 2000
Sold by
Kugle Stephen Ted
Bought by
Brown Steven M and Brown Marie A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$109,600
Interest Rate
8.36%
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Deed -- First American Title Insurance
Deed -- None Listed On Document
Cash Sale Deed -- None Available
Vendors Lien -- None Available
Warranty Deed -- Excel Title Group Llc
Special Warranty Deed -- None Available
Vendors Lien -- Alamo Title Company
Vendors Lien -- American Title Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $530,250 New Conventional
Previous Owner $308,000 Commercial
Previous Owner $266,000 Purchase Money Mortgage
Previous Owner $122,500 New Conventional
Previous Owner $561,000 Unknown
Previous Owner $0 Unknown
Previous Owner $250,000 Unknown
Previous Owner $147,000 Purchase Money Mortgage
Previous Owner $109,600 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/21/2025 01/21/25 Sold -- -- --
03/04/2024 03/04/24 For Sale $850,000 -- $233 / 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 $11,194 $679,696 $31,500 $648,196
2023 $11,194 $473,022 $31,500 $441,522
2022 $13,551 $511,915 $31,500 $480,415
2021 $10,894 $394,972 $31,500 $363,472
2020 $6,945 $260,000 $20,000 $240,000
2019 $8,702 $315,519 $20,000 $295,519
2018 $6,068 $220,000 $20,000 $200,000
2017 $6,207 $220,000 $20,000 $200,000
2016 $5,747 $175,000 $17,182 $157,818
2015 $4,912 $176,200 $15,750 $160,450
2014 $4,912 $176,200 $15,750 $160,450
Source: Public Records

Agents Affiliated with this Home

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Map

Source: North Texas Real Estate Information Systems (NTREIS)

MLS Number: 20551544

North Texas Real Estate Information Systems (NTREIS)

APN: 01581767