NOT LISTED FOR SALE

Estimated Value: $515,000 - $590,720

6 Beds
4 Baths
3,351 Sq Ft
$164/Sq Ft Est. Value

Last Sold October 16, 2018

Current estimated payment $4,055/month

2 Days on Market

Highlights

  • Wood Flooring
  • Interior Lot
  • 1-Story Property
  • 4 Car Attached Garage
  • Patio
  • Central Heating and Cooling System

About This Home

As of October 2018

Incredible opportunity for an investor to build equity with this well-maintained, multi-family duplex in highly-acclaimed Richardson ISD. Gorgeous lot with large, mature trees. 4 parking spaces. Air conditioning unit on one side is new. Both tenants are currently renting at $1150 per month, per side. One side is month to month while the other is a long-term tenant. Rental comps support $1400 per side for a new owner. Priced at only $101 per SF! Will sell quickly!

Last Agent to Sell the Property

JP Findley

Compass RE Texas, LLC License #0669753 Listed on: 10/05/2018

Compass RE Texas, LLC

Last Buyer's Agent

Rod Roberts

EXP REALTY License #0628392

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,648

Year Built

  • Built in 1974

Lot Details

  • 0.28 Acre Lot
  • Wood Fence
  • Interior Lot
  • Few Trees

Parking

  • 4 Car Attached Garage

Home Design

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

Interior Spaces

  • 3,351 Sq Ft Home
  • 1-Story Property
  • Decorative Lighting
  • Wood Burning Fireplace
  • Fire and Smoke Detector

Kitchen

  • Electric Oven
  • Electric Cooktop
  • Dishwasher

Flooring

  • Wood
  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Full Bathrooms

Outdoor Features

  • Patio

Schools

  • Richland Elementary School
  • Apollo Middle School
  • Berkner High School

Utilities

  • Central Heating and Cooling System
  • Heating System Uses Natural Gas
  • High Speed Internet

Community Details

  • 3,351 Sq Ft Building
  • Richland Park Subdivision

Listing and Financial Details

  • Legal Lot and Block 39 / D
  • Assessor Parcel Number 42210500040390000
  • $7,771 per year unexempt tax

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,648

Year Built

Built in 1974

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Duplex
  • Unit Levels: One
  • Security: Smoke Detector(s)
  • Year Built Details: Preowned
  • Multi Parcel I D Y N: No
  • Municipal Utility District Y N: No
  • Will Subdivide: No
  • Accessibility Features Yn: No
  • Accessory Unit YN: No
  • Lake Pump Y N: No
  • Ratio Current Price By Building: 104.44643
  • Special Features: None
  • Year Built: 1974

Interior Features

  • Square Footage: 3351.00
  • Fireplace Features: Wood Burning
  • Interior Amenities: Decorative Lighting, High Speed Internet Available
  • Flooring: Carpet, Ceramic Tile, Wood
  • Appliances: Dishwasher, Electric Cooktop, Electric Oven, Refrigerator
  • Fireplaces: 1

Beds/Baths

  • Full Bathrooms: 4
  • Total Bedrooms: 6

Exterior Features

  • Pool: No
  • Foundation: Slab
  • Fencing: Wood
  • Roof: Composition
  • Construction Materials: Brick
  • Waterfront: No
  • Patio And Porch Features: Patio

Garage/Parking

  • Cooling System: Central Air, Electric
  • Number Of Parking Spaces: 4
  • Attached Garage YN: Yes
  • GarageYN: Yes

Utilities

  • Heating: Central, Natural Gas
  • Utilities: Alley, City Sewer, City Water, Concrete

Condo/Co-op/Association

  • Association Type: None

Schools

  • School District: Richardson ISD
  • Elementary School: Richland
  • High School: Berkner
  • School District: Richardson ISD
  • Elementary School: Richland
  • Junior High School: Apollo
  • High School: Berkner

Lot Info

  • PropertyAttachedYN: No
  • Lot Size: Less Than .5 Acre (not Zero)
  • Lot Features: Few Trees, Interior Lot
  • Lot Size Units: Acres
  • Lot Size Area: 0.2840
  • Parcel Number: 42210500040390000
  • Lot Size Acres: 0.2840
  • Lot Size Sq Ft: 12371.0400

Building Info

  • Year Built: 1974
  • Units Total: 2

Multi Family

  • Gross Annual Income: 27600.00

Tax Info

  • Unexempt Taxes: 7771
  • TaxBlock: D
  • Tax Lot: 39

MLS Schools

  • MiddleOrJuniorSchool: Apollo
  • Elementary School Name: Richland
  • High School Name: Berkner

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 5, 2018
Closed on
Oct 15, 2018
Sold by
Wolfe Newman R and Wolfe Carol
Bought by
Kingdom Services Llc
Seller's Agent
JP Findley
Compass RE Texas, LLC
Buyer's Agent
Rod Roberts
EXP REALTY
List Price
$340,000
Current Estimated Value
$550,680

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.59%
Source: Public Records

Range of Values:

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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
Kingdom Services Llc -- Capital Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Wolfe Newman R $75,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/16/2018 10/16/18 Sold -- -- --
10/07/2018 10/07/18 Pending -- -- --
10/05/2018 10/05/18 For Sale $340,000 -- $101 / 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 $12,648 $580,070 $120,000 $460,070
2024 $12,648 $580,070 $120,000 $460,070
2023 $12,648 $580,070 $120,000 $460,070
2022 $8,335 $340,860 $85,000 $255,860
2021 $8,939 $340,860 $85,000 $255,860
2020 $7,662 $287,000 $85,000 $202,000
2019 $9,927 $354,330 $85,000 $269,330
2018 $7,771 $290,850 $60,000 $230,850
2017 $7,087 $265,450 $60,000 $205,450
2016 $5,487 $205,520 $60,000 $145,520
2015 $4,631 $175,470 $50,000 $125,470
2014 $4,631 $175,470 $50,000 $125,470
Source: Public Records

Agents Affiliated with this Home

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Map

Source: North Texas Real Estate Information Systems (NTREIS)

MLS Number: 13948609

North Texas Real Estate Information Systems (NTREIS)

APN: 42210500040390000