NOT LISTED FOR SALE

Estimated Value: $761,000 - $980,000

Studio
4 Baths
2,886 Sq Ft
$284/Sq Ft Est. Value

Sale Details

Date Sold: September 20, 2023

Current estimated payment $5,421 / mo

4 Days on Market

Highlights

  • Granite Countertops
  • Living Room
  • Central Heating and Cooling System
  • No HOA
  • Tile Flooring
  • Washer and Dryer

About This Home

As of September 2023

CASH FLOW! 78704! INCREDIBLE LOCATION near SOCO and ST EDS. RENOVATED! WELL MAINTAINED! Incredible investment opportunity in 78704 near SoCo and walking distance to St. Edwards University with $5325 in rental income and opportunity for rental increases. Priced to sell and the perfect investment for an investor looking for cash flow on a well maintained and completely updated property! Prime location within walking distance to St. Edwards University, and just minutes away from downtown Austin. Everything is close by including Amy’s Ice Cream, Havana, Cosmic Beer Garden, St. Elmos Brewing, Vacany Brewing, Crux Climbing and Fitness, Yoga Illumined, HEB, and the endless shops and restaurants on South Congress. All units have been completely renovated and feature granite countertop, updated fixtures, beautiful wood look luxury vinyl flooring, and beautifully updated bathrooms. This property has been meticulously maintained and consistently updated. All components including roof are newer and exterior was recently painted (see attached for complete list of updates/renovations). Long term tenants with room for rental increases and already incredible cash flow.

Last Agent to Sell the Property

Dillon Womack

Womack Real Estate LLC License #0542596 Listed on: 08/17/2023

Last Buyer's Agent

Karin Howard

Compass RE Texas, LLC License #0749833

Compass RE Texas, LLC

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1972 | Remodeled

Lot Details

  • Lot Dimensions are 60 x 135
  • Northwest Facing Home
  • Partially Fenced Property
  • Wood Fence

Parking

  • Parking Lot

Home Design

  • Brick Exterior Construction
  • Slab Foundation
  • Composition Roof
  • Masonry Siding
  • HardiePlank Type

Interior Spaces

  • 2,886 Sq Ft Home
  • 2-Story Property
  • Blinds
  • Living Room
  • Washer and Dryer

Kitchen

  • Electric Range
  • Microwave
  • Granite Countertops

Flooring

  • Tile
  • Vinyl

Accessible Home Design

  • No Carpet

Schools

  • Galindo Elementary School
  • Lively Middle School
  • Travis High School

Utilities

  • Central Heating and Cooling System
  • Separate Meters
  • Shared Water Meter
  • Cable TV Available

Listing and Financial Details

  • Legal Lot and Block 23 / B
  • Assessor Parcel Number 04090001230000
  • 3% Total Tax Rate

Community Details

Overview

  • No Home Owners Association
  • Willow Springs Sec 1 Subdivision

Amenities

  • No Laundry Facilities

Pet Policy

  • Pets allowed on a case-by-case basis

Property Details

Home Type

Multi-Family

Year Built

Built in 1972 | Remodeled

Lot Details

8,364 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Quadruplex
  • Restrictions: See Remarks
  • Unit Mix: 1/1, 2/1
  • Year Built: 1972
  • Direction Faces: NW
  • Directions: Congress south to Woodward, East on Woodward to Willowrun
  • Disclosures: Lead Base Paint Addendum, See Remarks
  • Estimated Taxes: 14294.57
  • ETJ Extra Territorial Jurdn: No
  • FEMA Flood Plain: No
  • Fencing: Fenced, Partial, Wood
  • Green Energy Efficient: None
  • Green Sustainability: None
  • Home Sale Contingency: No
  • Intermediary: Yes
  • Levels: Two
  • Living Area: 2886.00
  • Other Equipment: Dryer Connections, Washer Hookup, See Remarks
  • Other Structures: None
  • Special Listing Conditions: Standard
  • Title: Seller
  • Special Features: None

Interior Features

  • Interior Amenities: Counter-Granite, See Remarks
  • Laundry Location: None
  • View: None
  • Flooring: No Carpet, Tile, Vinyl
  • Fireplace Features: None
  • Accessibility Features: None
  • Appliances: Electric Range, Microwave, Refrigerator, Washer/Dryer
  • Property Condition: Updated/Remodeled
  • Security Features: None
  • Window Features: Blinds

Exterior Features

  • Exterior Features: None
  • Roof: Composition
  • Foundation: Slab
  • Patio And Porch Features: None
  • Pool Features: None
  • Waterfront Features: None
  • Waterfront: No

Garage/Parking

  • Parking Features: Parking Lot, See Remarks

Utilities

  • Sewer: Public Sewer
  • Utilities: Cable Available, Electricity Connected
  • Heating: Central
  • Meter Description: Electric Separate, Water Common
  • Water Source: Public
  • Cooling: Central Air

Association/Amenities

  • Association: No
  • Community Features: None

Schools

  • School District: Austin ISD
  • Elementary School: Galindo
  • High School: Travis
  • Middle/Junior School: Lively

Lot Info

  • Lot Features: None
  • Lot Size: 60 x 135
  • Special Assessment: No
  • Parcel Number: 04090001230000
  • Subdivision Name: Willow Springs Sec 1

Rental Info

  • Total Actual Rent: 5325.00
  • Pets Allowed: Negotiable

Building Info

  • Construction Materials: Brick, HardiPlank Type, Masonry – Partial
  • New Construction: No

Tax Info

  • Tax Block: B
  • Tax Filled Sqft Total: 2886
  • Tax Lot: 23
  • Tax Rate: 2.72110000000000
  • Tax Year: 2022
  • Tax Exemptions: None

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 17, 2023
Closed on
Sep 20, 2023
Sold by
Jeffrey T Fong And Melissa A Fong Llc
Bought by
Levitan Shlomo
Seller's Agent
Dillon Womack
Womack Real Estate LLC
Buyer's Agent
Karin Howard
Compass RE Texas, LLC
List Price
$895,000
Views
17
Current Estimated Value
$820,865

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-5.33%
Original Mortgage
$665,000
Outstanding Balance
$650,896
Interest Rate
6.96%
Mortgage Type
New Conventional
Estimated Equity
$169,969

Purchase Details

Closed on
Nov 18, 2011
Sold by
Fong Jeffrey T and Fong Melissa S
Bought by
Jeffrey T Fong & Melissa A Fong Llc

Purchase Details

Closed on
Sep 9, 2011
Sold by
Jeffrey T Fong & Melissa S Fong Llc
Bought by
Fong Jeffrey T and Fong Mellisa S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$144,000
Interest Rate
4.58%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 26, 2006
Sold by
Fong Jeffrey T and Fong Melissa A
Bought by
Jeffrey T & Melissa A Fong Llc

Purchase Details

Closed on
Feb 14, 2006
Sold by
Fontenot Jane Ann
Bought by
Shaw Fong Jeffrey T and Shaw Fong Melissa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$170,250
Interest Rate
6.1%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Jan 9, 2004
Sold by
Farouk Tamim Jon
Bought by
Fontenot Jane Ann

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$139,160
Interest Rate
5.86%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 30, 1999
Sold by
Myers Melanie
Bought by
Farouk Tamim Jon

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,000
Interest Rate
7.93%

Purchase Details

Closed on
Mar 15, 1996
Sold by
The Klimkowski Texas Two Step Lp
Bought by
Myers Melanie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$109,356
Interest Rate
7.02%
Mortgage Type
FHA
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
Levitan Shlomo -- Texas National Title
Jeffrey T Fong & Melissa A Fong Llc -- None Available
Fong Jeffrey T -- Randolph Brooks Title
Jeffrey T & Melissa A Fong Llc -- None Available
Shaw Fong Jeffrey T -- Itc
Fontenot Jane Ann -- Alamo Title Company
Farouk Tamim Jon -- Alamo Title Company
Myers Melanie -- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open Levitan Shlomo $665,000
Previous Owner Fong Jeffrey T $144,000
Previous Owner Shaw Fong Jeffrey T $170,250
Previous Owner Fontenot Jane Ann $139,160
Previous Owner Farouk Tamim Jon $120,000
Previous Owner Myers Melanie $109,356
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/20/2023 09/20/23 Sold -- -- --
08/21/2023 08/21/23 Pending -- -- --
08/17/2023 08/17/23 For Sale $895,000 -- $310 / Sq Ft
Source: Unlock MLS (Austin Board of REALTORS®)

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 $11,742 $707,818 $397,032 $310,786
2023 $16,487 $911,288 $472,500 $438,788
2022 $14,295 $723,804 $472,500 $251,304
2021 $14,484 $665,396 $315,000 $350,396
2020 $12,863 $599,700 $315,000 $284,700
2018 $10,117 $456,961 $315,000 $141,961
2017 $8,374 $375,485 $288,750 $86,735
2016 $8,999 $403,499 $225,750 $177,749
2015 $5,854 $347,500 $190,000 $157,500
2014 $5,854 $246,003 $160,000 $86,003
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Unlock MLS (Austin Board of REALTORS®)

MLS Number: 5238273

Unlock MLS (Austin Board of REALTORS®)

APN: 312469

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