NOT LISTED FOR SALE

413 Panhandle St Denton, TX 76201

Downtown Denton Neighborhood

Estimated Value: $296,089 - $434,000

5 Beds
3 Baths
2,214 Sq Ft
$158/Sq Ft Est. Value

Last Sold June 15, 2022

Current estimated payment $2,123/month

47 Days on Market

Highlights

  • 1-Story Property
  • Central Heating and Cooling System
  • High Speed Internet

About This Home

As of June 2022

Investors Dream! Located just minutes from UNT, TWU, and Downtown Denton Square. Neighboring duplex 411 Panhandle aslo for sale by same owner, managed like a Fourplex. Unit A is a three bedroom two bath built in 1958 and Unit B is a two bedroom one bath built in 1975. Highlights include well maintained and updated interior and exterior, washer and dryer, well-lit parking lot, and breeze way between each unit. Fantastic location, quiet neighborhood, and high rent demand. Both units have individual water, electric, and gas meters. This is your opportunity to own prime rental property in the heart of Denton. Income and expense details are available in the supplements section.

Last Agent to Sell the Property

Jason Labrum

Repeat Realty, LLC License #0620922 Listed on: 04/02/2022

Last Buyer's Agent

Jose Trevino

Keller Williams Realty License #0748283

Keller Williams Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,593

Year Built

  • Built in 1958

Lot Details

  • 8,015

Home Design

  • Duplex
  • Pillar, Post or Pier Foundation
  • Slab Foundation
  • Composition Roof

Kitchen

  • Gas Range
  • Dishwasher

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Full Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • Open Parking
  • Assigned Parking

Schools

  • Newtonrayzor Elementary School
  • Calhoun Middle School
  • Denton High School

Utilities

  • Central Heating and Cooling System
  • Gas Water Heater
  • High Speed Internet
  • Cable TV Available

Additional Features

  • 1-Story Property
  • 8,015 Sq Ft Lot

Listing and Financial Details

  • Legal Lot and Block 4 / 2
  • Assessor Parcel Number R28369

Community Details

Overview

  • 2 Buildings
  • 2 Units
  • 2,214 Sq Ft Building
  • Bacon Subdivision

Building Details

  • Gross Income $32,400
  • Net Operating Income $26,618

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,593

Year Built

Built in 1958

Lot Details

0

Listing Details

  • OWNERNAME: SPT TX Investing LLC
  • Property Type: Residential Income
  • Property Sub Type: Duplex
  • Unit Levels: One
  • Year Built Details: Preowned
  • CapRate: 7.1
  • Co List Office Mls Id: RRNTX16
  • HumanModifiedYN: No
  • UniversalParcelId: urn:reso:upi:2.0:US:48121:R28369
  • Special Features: VirtualTour
  • Year Built: 1958

Interior Features

  • Interior Amenities: High Speed Internet, Cable TV
  • Appliances: Dryer, Dishwasher, Gas Range, Gas Water Heater, Washer

Beds/Baths

  • Full Bathrooms: 3
  • Total Bedrooms: 5

Exterior Features

  • Foundation: Pillar/Post/Pier, Slab
  • Roof: Composition
  • Construction Materials: Rock, Stone
  • Pool Features: None

Garage/Parking

  • Cooling System: Central Air
  • Parking Features: Assigned, Open
  • OpenParkingYN: Yes

Utilities

  • Sewer: Public Sewer
  • Heating: Central
  • Utilities: Natural Gas Available, Sewer Available, Separate Meters, Water Available, Cable Available
  • Heating Yn: Yes

Schools

  • Elementary School: Newtonrayzor
  • High School: Denton
  • Junior High Dist: Denton ISD

Lot Info

  • Lot Size Units: Acres
  • Lot Size Area: 0.184
  • Parcel Number: R28369
  • Lot Size Acres: 0.184
  • Lot Size Sq Ft: 8015.04

Building Info

  • Year Built: 1958
  • Units Total: 2

Multi Family

  • Insurance Expense: 1880.0
  • Annual Gross Income: 32400.0
  • Property Net Operating Income: 26618.0

Tax Info

  • TaxBlock: 2
  • Tax Lot: 4
  • Tax Annual Amount: 2593.0

MLS Schools

  • MiddleOrJuniorSchool: Calhoun

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 2, 2022
Closed on
Jun 15, 2022
Sold by
Spt Tx Investing Llc Series F and Shuman Nishi
Bought by
North Texas Housing Llc
Seller's Agent
Jason Labrum
Repeat Realty, LLC
Buyer's Agent
Jose Trevino
Keller Williams Realty
List Price
$391,000
Current Estimated Value
$349,522

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-1.93%
Original Mortgage
$320,000
Outstanding Balance
$303,259
Interest Rate
5.3%
Mortgage Type
New Conventional
Estimated Equity
$46,263

Purchase Details

Closed on
May 18, 2016
Sold by
Shuman Mark
Bought by
Spt Tx Investing Llc Series F

Purchase Details

Closed on
Apr 28, 2006
Sold by
Msgs C Ltd
Bought by
Shuman Mark W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$25,001
Interest Rate
6.36%
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
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
North Texas Housing Llc $320,000 None Listed On Document
Spt Tx Investing Llc Series F -- None Available
Shuman Mark W -- Title Resources
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open North Texas Housing Llc $320,000
Previous Owner Shuman Mark W $25,001
Previous Owner Shuman Mark W $93,964
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/15/2022 06/15/22 Sold -- -- --
05/19/2022 05/19/22 Pending -- -- --
04/25/2022 04/25/22 Price Changed $375,000 -4.1% $169 / Sq Ft
04/17/2022 04/17/22 For Sale $391,000 0.0% $177 / Sq Ft
04/13/2022 04/13/22 Pending -- -- --
04/02/2022 04/02/22 For Sale $391,000 -- $177 / 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
2025 $3,693 $280,538 $109,395 $171,143
2024 $3,693 $191,339 $0 $0
2023 $3,044 $159,449 $54,698 $104,751
2022 $2,547 $120,000 $54,698 $65,302
2021 $2,668 $120,000 $54,698 $65,302
2020 $2,706 $118,404 $54,698 $63,706
2019 $2,933 $122,904 $54,698 $68,206
2018 $2,488 $103,000 $54,698 $48,302
2017 $2,398 $97,000 $64,350 $32,650
2016 $2,343 $92,000 $48,000 $44,000
2015 $2,162 $87,018 $21,600 $65,418
2013 -- $88,139 $21,600 $66,539
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2022

    Jason Labrum

    Repeat Realty, LLC

    (940) 367-2773

    4 in this area

    67 Total Sales

    Jason Labrum
    Section Image
  • Jose Trevino

    Buyer's Agent in 2022

    Jose Trevino

    Keller Williams Realty

    (940) 368-6620

    17 in this area

    71 Total Sales

    Jose Trevino
    Section Image
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Map

Source: North Texas Real Estate Information Systems (NTREIS)

MLS Number: 20022923

North Texas Real Estate Information Systems (NTREIS)

APN: R28369

Texas Denton County Denton 76201 Downtown Denton

413 Panhandle St, Denton, TX

Not Listed for Sale

MultiFamily

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