NOT LISTED FOR SALE

3408 Colonial Dr Forest Hill, TX 76140

Estimated Value: $151,000 - $1,042,000

3 Beds
2 Baths
1,196 Sq Ft
$329/Sq Ft Est. Value

Last Sold May 20, 2022

Current estimated payment $2,419/month

12 Days on Market

About This Home

As of May 2022

These are 100 % leased 3 Duplexes: 3408-3410, 3412-3414, and 3416-3418. Total Monthly income is $7800.00. Potential lease increase. All information should be verified by Buyer and Buyer's agent. No showing until solid contract is accepted. Please do not disturb tenants.
Each Unit is 3-bedroom, 2 full baths.

Last Agent to Sell the Property

Tom Nguyen

Ace REALTOR Group License #0444827 Listed on: 03/31/2022

Last Buyer's Agent

Joe Yu

The Michael Group Real Estate License #0659970

The Michael Group Real Estate

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1986

Lot Details

  • 3,136

Home Design

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

Kitchen

  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Parking

  • 6 Parking Spaces
  • Alley Access

Schools

  • Bishop Elementary School
  • Johnson 6Th Grade Middle School
  • Everman High School

Additional Features

  • 1-Story Property
  • 3,136 Sq Ft Lot
  • Central Heating and Cooling System

Community Details

  • 3 Buildings
  • 6 Units
  • 1,196 Sq Ft Building
  • Heritage Heights Add Subdivision

Listing and Financial Details

  • Legal Lot and Block 18 / A
  • Assessor Parcel Number 04767659
  • $3,097 per year unexempt tax

Property Details

Home Type

Multi-Family

Year Built

Built in 1986

Lot Details

3,136 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Duplex
  • Unit Levels: One
  • Year Built Details: Preowned
  • Multi Parcel I D Y N: No
  • Municipal Utility District Y N: No
  • Net Operation Income: 74000
  • Will Subdivide: No
  • Accessibility Features Yn: No
  • Ratio Current Price By Building: 810.20067
  • Special Features: None
  • Year Built: 1986

Interior Features

  • Interior Amenities: Other
  • Appliances: Dishwasher, Disposal

Beds/Baths

  • Full Bathrooms: 2
  • Total Bedrooms: 3

Exterior Features

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

Garage/Parking

  • Cooling System: Central Air, Electric
  • Number Of Parking Spaces: 6
  • Parking Features: Alley Access

Utilities

  • Heating: Central, Electric
  • Utilities: City Sewer

Condo/Co-op/Association

  • Association Type: None

Schools

  • School District: Everman ISD

Lot Info

  • Lot Size Units: Acres
  • Lot Size Area: 0.0720
  • Parcel Number: 04767659
  • Lot Size Acres: 0.0720
  • Lot Size Sq Ft: 3136.3200

Green Features

  • Smart Home Features Appor Pass Y: No

Building Info

  • Year Built: 1986
  • Units Total: 6

Multi Family

  • Gross Annual Expenses: 1500.00
  • Gross Annual Income: 93000.00
  • Insurance Expense: 4400
  • Unit Count: 2

Tax Info

  • Unexempt Taxes: 3097
  • TaxBlock: A
  • Tax Lot: 18

MLS Schools

  • Middle School Name: Johnson 6th Grade
  • Elementary School Name: Bishop
  • High School Name: Everman

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 31, 2022
Closed on
May 20, 2022
Sold by
Three Colonial Llc
Bought by
Ub & Ab Investments Llc
Seller's Agent
Tom Nguyen
Ace REALTOR Group
Buyer's Agent
Joe Yu
The Michael Group Real Estate
List Price
$900,000
Current Estimated Value
$393,008

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-19.32%
Original Mortgage
$242,250
Outstanding Balance
$230,132
Interest Rate
5.25%
Mortgage Type
New Conventional
Estimated Equity
$162,876

Purchase Details

Closed on
Jan 12, 2005
Sold by
Sara Ann Penson Inc
Bought by
The Barbara J Streets Separate Property

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$103,500
Interest Rate
5.68%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Ub & Ab Investments Llc -- Rattikin Title Company
The Barbara J Streets Separate Property -- Fnt
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ub & Ab Investments Llc $242,250
Previous Owner The Barbara J Streets Separate Property $103,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/20/2022 05/20/22 Sold -- -- --
04/12/2022 04/12/22 Pending -- -- --
03/31/2022 03/31/22 For Sale $900,000 -- $753 / Sq Ft
Source: North Texas Real Estate Information Systems (NTREIS)

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 $3,810 $120,715 $30,000 $90,715
2024 $3,810 $156,578 $30,000 $126,578
2023 $3,656 $157,607 $30,000 $127,607
2022 $2,905 $104,169 $5,000 $99,169
2021 $3,103 $104,962 $5,000 $99,962
2020 $3,142 $105,755 $5,000 $100,755
2019 $2,694 $87,400 $5,000 $82,400
2018 $1,387 $45,000 $5,000 $40,000
2017 $1,414 $45,000 $5,000 $40,000
2016 $1,347 $42,881 $5,000 $37,881
2015 $850 $27,000 $5,000 $22,000
2014 $850 $27,000 $5,000 $22,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: North Texas Real Estate Information Systems (NTREIS)

MLS Number: 20029338

North Texas Real Estate Information Systems (NTREIS)

APN: 04767659

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