NOT LISTED FOR SALE

Estimated Value: $599,591 - $940,000

Studio
2 Baths
1,928 Sq Ft
$368/Sq Ft Est. Value

Sale Details

Date Sold: May 26, 2017

Current estimated payment $4,699 / mo

42 Days on Market

Highlights

  • 2 Fireplaces
  • Walk-In Closet
  • 1-Story Property
  • No HOA
  • Tile Flooring
  • Laundry in multiple locations

About This Home

As of May 2017

Bring your investors! Hot '04 turnkey duplex. Well maintained by long term local owner. Building rarely sees a vacant unit, low turnover and leases remarkably fast. Current tenants love living here, and it shows. Market rents at $1325/mo+. Ideal proximity to downtown, shops, and schools. Each unit offers private wooden fencing and backyard. French drain in back. Property is priced $40K below 2017 tax appraised value.Restrictions: Yes

Last Agent to Sell the Property

Adrienne Laosa

Treaty Oak Property Management License #0616163 Listed on: 03/28/2017

Last Buyer's Agent

Non Member

Non Member License #785011

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1973

Lot Details

  • 6,970 Sq Ft Lot
  • Wood Fence
  • Chain Link Fence

Home Design

  • Slab Foundation
  • Composition Roof
  • Composition Shingle
  • Stone Veneer

Interior Spaces

  • Walk-In Closet
  • 1,928 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • 2 Fireplaces
  • Family Room

Kitchen

  • Free-Standing Range
  • Dishwasher

Flooring

  • Carpet
  • Tile

Laundry

  • Laundry in multiple locations
  • Dryer
  • Washer

Schools

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

Utilities

  • Central Heating and Cooling System
  • Separate Meters
  • Shared Water Meter

Community Details

  • No Home Owners Association
  • 2 Units
  • Southridge Sec 03 Subdivision

Listing and Financial Details

  • Down Payment Assistance Available
  • Legal Lot and Block 8 / H
  • Assessor Parcel Number 04050804080000
  • 2% Total Tax Rate

Property Details

Home Type

Multi-Family

Year Built

Built in 1973

Lot Details

6,970 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Duplex
  • Building Area Total: 1928.00
  • Restrictions: See Remarks
  • Unit Mix: 2/1
  • Year Built: 1973
  • Directions: Take TX-71 W/US-290 W and exit South 1st. Turn right onto Banister Lane, left onto Southridge Drive. Property on your left.
  • Estimated Taxes: 8210.00
  • FEMA Flood Plain: No
  • Fencing: Chain Link, Fenced, Wood
  • Fireplaces: 2
  • Guest Accommodation Description: None
  • Intermediary: Yes
  • Levels: One
  • Living Area: 1928.00
  • Other Equipment: Dryer Connections, Washer Hookup
  • Property Panorama: No
  • Special Listing Conditions: Standard
  • Special Features: None

Interior Features

  • Interior Amenities: Walk-In Closet(s)
  • Laundry Location: Multiple Locations
  • View: None
  • Flooring: Carpet, Tile
  • Accessibility Features: None
  • Appliances: Dishwasher, Dryer, Free-Standing Range, Refrigerator, Washer
  • Property Condition: Resale, See Remarks
  • Security Features: None
  • Spa Features: None

Exterior Features

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

Garage/Parking

  • Parking Features: None

Utilities

  • Sewer: Public Sewer
  • Utilities: Electricity Available
  • Heating: Central
  • Meter Description: Electric Separate, Gas Separate, Water Common
  • Water Source: Public
  • Cooling: Ceiling Fan(s), 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
  • Parcel Number: 04050804080000
  • Lot Size Acres: 0.1600
  • Lot Size Sq Ft: 6969.60
  • Subdivision Name: Southridge Sec 03

Rental Info

  • Furnished: Unfurnished
  • Total Actual Rent: 2625.00
  • Pets Allowed: No

Building Info

  • Construction Materials: Composition, Stone Veneer

Multi Family

  • Number Of Units Total: 2

Tax Info

  • Tax Block: H
  • Tax Filled Sqft Total: 1928
  • Tax Lot: 8
  • Tax Rate: 2.23014000000000
  • Tax Year: 2016
  • Tax Exemptions: None

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 28, 2017
Closed on
May 26, 2017
Sold by
Hubbard Thomas K
Bought by
3516 Southridge Llc
Seller's Agent
Adrienne Laosa
Treaty Oak Property Management
Buyer's Agent
Non Member
Non Member
List Price
$399,900
Current Estimated Value
$710,148

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.18%

Purchase Details

Closed on
Apr 6, 2005
Sold by
Scudder Ruby Jo
Bought by
Hubbard Thomas K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$118,000
Interest Rate
1.37%
Mortgage Type
Fannie Mae Freddie Mac
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
3516 Southridge Llc -- None Available
Hubbard Thomas K -- Fidelity National Title Ins
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Hubbard Thomas K $118,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/26/2017 05/26/17 Sold -- -- --
05/09/2017 05/09/17 Pending -- -- --
03/28/2017 03/28/17 For Sale $399,900 -- $207 / 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 $10,899 $532,594 $385,179 $147,415
2023 $12,221 $776,260 $500,000 $276,260
2022 $14,669 $742,754 $500,000 $242,754
2021 $11,896 $546,522 $300,000 $246,522
2020 $9,261 $431,771 $300,000 $131,771
2018 $8,485 $383,250 $300,000 $83,250
2017 $8,752 $392,439 $275,000 $117,439
2016 $8,210 $368,134 $230,000 $138,134
2015 $6,049 $322,344 $160,000 $162,344
2014 $6,049 $290,244 $190,000 $100,244
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Unlock MLS (Austin Board of REALTORS®)

MLS Number: 3344246

Unlock MLS (Austin Board of REALTORS®)

APN: 307766

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