NOT LISTED FOR SALE

3501 Avenue I Rosenberg, TX 77471

Estimated Value: $429,000 - $630,000

4 Beds
3 Baths
2,499 Sq Ft
$208/Sq Ft Est. Value

Last Sold March 26, 2021

Current estimated payment $3,546/month

134 Days on Market

Highlights

  • 21,779 Sq Ft lot
  • 1-Story Property
  • Central Heating and Cooling System

About This Home

As of March 2021

Excellent commercial location.100% Occupied! All tenants current on rent. Convenient Location in the thriving and expanding Rosenberg area. The property features a highly profitable 9 rental units-all leased current; 2 houses , 5 -2 bedrooms 1 bath and 4 studios. If a vacancy comes up it gets filled immediately! Great submarket rental area! ** Do not disturb the tenants** 10.5 % cap based on current list** Excellent opportunity !

Last Agent to Sell the Property

Miguel Chapa

Central Metro Realty License #0557248 Listed on: 10/23/2020

Last Buyer's Agent

Gayathri Rao

eXp Realty, LLC License #0749904

eXp Realty, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,552

Year Built

  • Built in 1952

Lot Details

  • 0.5

Home Design

  • Composition Roof

Interior Spaces

  • 2,499 Sq Ft Home
  • 1-Story Property

Schools

  • Travis Elementary School
  • Navarro/George Junior High School
  • Terry High School

Additional Features

  • 0.5 Acre Lot
  • Central Heating and Cooling System

Community Details

  • 9 Units
  • J W Moore Subdivision

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,552

Year Built

Built in 1952

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Year Built: 1952
  • Subdivision Name: J W Moore
  • Unit Levels: One
  • New Construction: No
  • UniversalParcelId: urn:reso:upi:2.0:US:48157:0061-00-000-0320-901
  • Special Features: None

Interior Features

  • Appliances: Refrigerator
  • Living Area: 2499.0
  • ResoLivingAreaSource: Owner

Exterior Features

  • Disclosures: None
  • Roof: Composition, Other

Utilities

  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes

Schools

  • Elementary School: TRAVIS ELEMENTARY SCHOOL (LAMAR)
  • Junior High Dist: 33 - Lamar Consolidated
  • High School: TERRY HIGH SCHOOL
  • Middle Or Junior School: NAVARRO/GEORGE JUNIOR HIGH SCHOOL

Lot Info

  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2016
  • Tax Annual Amount: 3552.0

Multi Family

  • Number Of Units Total: 9

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 23, 2020
Closed on
Mar 26, 2021
Sold by
Odonovan Ross Christopher
Bought by
Nair Ajithkumar S and Nair Ajith Jeeva
Seller's Agent
Miguel Chapa
Central Metro Realty
Buyer's Agent
Gayathri Rao
eXp Realty, LLC
List Price
$724,580
Current Estimated Value
$519,079

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-1.23%
Original Mortgage
$440,000
Outstanding Balance
$395,521
Interest Rate
2.73%
Mortgage Type
Commercial
Estimated Equity
$123,558

Purchase Details

Listed on
Oct 23, 2020
Closed on
Mar 24, 2021
Sold by
Odonovan Ross Christopher
Bought by
Nair Ajithkumar S and Nair Ajith Jeeva
Seller's Agent
Miguel Chapa
Central Metro Realty
Buyer's Agent
Gayathri Rao
eXp Realty, LLC
List Price
$724,580

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$440,000
Outstanding Balance
$395,521
Interest Rate
2.73%
Mortgage Type
Commercial
Estimated Equity
$123,558

Purchase Details

Closed on
Jun 16, 2017
Sold by
Genesis Gys Investments Llc
Bought by
Ramos Mayra Guerra

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$303,750
Interest Rate
4.02%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 26, 2015
Sold by
Thompson Debra Mccoy Etal
Bought by
Ramos Mayra Guerra

Purchase Details

Closed on
Mar 24, 2015
Sold by
Mccoy Allen Wayne
Bought by
Ahmad Genesis Gys Investment Llc
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
Nair Ajithkumar S -- Select Title Llc
Nair Ajithkumar S -- Select Title Ins Agcy
Nair Ajithkumar S -- Select Title Ins Agcy
Ramos Mayra Guerra -- None Available
Ramos Mayra Guerra -- --
Ahmad Genesis Gys Investment Llc -- Startex Title Co Llc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Nair Ajithkumar S $440,000
Closed Nair Ajithkumar S $440,000
Previous Owner Ramos Mayra Guerra $303,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/26/2021 03/26/21 Sold -- -- --
02/24/2021 02/24/21 Pending -- -- --
10/12/2020 10/12/20 For Sale $724,580 -- $290 / Sq Ft
Source: Houston 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 $9,644 $510,579 $191,520 $319,059
2024 $9,644 $510,579 $191,520 $319,059
2023 $9,644 $510,579 $191,520 $319,059
2022 $10,318 $503,740 $191,520 $312,220
2021 $3,306 $159,350 $92,920 $66,430
2020 $3,413 $160,800 $92,920 $67,880
2019 $3,527 $154,420 $92,920 $61,500
2018 $3,500 $150,810 $92,920 $57,890
2017 $3,551 $152,120 $92,920 $59,200
2016 $3,552 $152,200 $92,920 $59,280
2015 $3,628 $154,660 $92,920 $61,740
2014 $3,356 $141,330 $92,920 $48,410
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2021

    Miguel Chapa

    Central Metro Realty

    (832) 435-9172

    2 in this area

    9 Total Sales

    Miguel Chapa
    Section Image

  • G

    Buyer's Agent in 2021

    Gayathri Rao

    eXp Realty, LLC

    (281) 902-9815

    3 in this area

    50 Total Sales

    Gayathri Rao
    Section Image
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Map

Source: Houston Association of REALTORS®

MLS Number: 30746527

Houston Association of REALTORS®

APN: 0061-00-000-0320-901

Texas Fort Bend County Rosenberg 77471

3501 Avenue I, Rosenberg, TX

Not Listed for Sale

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