NOT LISTED FOR SALE

Estimated Value: $563,628 - $664,000

3 Beds
2 Baths
2,896 Sq Ft
$216/Sq Ft Est. Value

Last Sold December 12, 2023

Current estimated payment $4,235/month

41 Days on Market

Highlights

  • 5,000 Sq Ft lot
  • Electric Gate
  • Central Heating and Cooling System
  • Wood Flooring

About This Home

As of December 2023

4503 Austin St is a duplex, on a corner lot, currently vacant & offered for sale as part of a portfolio including 2 other properties on the same block - 1410 Rosewood (vacant single-family) & 1411 Ruth (tenant occupied single-family). The 3 lots are connected & provide a combined land area of 15,000 sq ft. These properties offer options for a covered land play, development, renovation & long/short-term rental. New construction options include front-loading homes w/ private drives or multi-unit shared drive concept passing from Ruth St to Rosewood St. The duplex at 4503 Austin St features a 2 bed/1 bath 1st floor unit & a 3 bed/2 bath 2nd floor unit. Located in the desirable Museum District, these properties provide easy access to Downtown, Midtown & The TX Medical Center. The seller prefers to sell the properties as a package but is open to considering individual sales. If you are interested in development we can connect you with architect/builder contacts. Call us today for your tour!

Last Agent to Sell the Property

Ryan Steer

Real Broker, LLC License #0682051 Listed on: 10/31/2023

Real Broker, LLC

Co-Listed By

Katelyn Day

Real Broker, LLC License #0663685

Last Buyer's Agent

Ryan Steer

Real Broker, LLC License #0682051 Listed on: 10/31/2023

Real Broker, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,973

Year Built

  • Built in 1929

Lot Details

  • 5,000 Sq Ft Lot

Home Design

  • Duplex
  • Brick Exterior Construction
  • Composition Roof

Interior Spaces

  • 2,896 Sq Ft Home
  • 2-Story Property

Kitchen

  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Parking

  • Electric Gate
  • Paved Parking

Schools

  • Macgregor Elementary School
  • Cullen Middle School
  • Lamar High School

Utilities

  • Central Heating and Cooling System
  • Heating System Uses Gas

Community Details

  • 2 Units
  • Rosewood Subdivision

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,973

Year Built

Built in 1929

Lot Details

0

Listing Details

  • Directions: Head east on I-69. Use the left 2 lanes to take exit 127B for Richmond Ave. Turn right onto Richmond Ave. Continue straight onto Wheeler Ave. Turn right onto Austin St. Property will be on the left.
  • Property Sub Type: Duplex
  • Prop. Type: Residential Income
  • Building Stories: 2
  • Year Built: 1929
  • Co List Office Mls Id: RODY01
  • Co List Office Phone: 855-450-0442
  • Subdivision Name: Rosewood
  • Unit Levels: Two
  • New Construction: No
  • Property Sub Type Additional: Duplex
  • Special Features: VirtualTour
  • Stories: 2

Interior Features

  • Appliances: Dishwasher, Disposal, Refrigerator
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Flooring: Tile, Wood
  • Living Area: 2896.0
  • ResoLivingAreaSource: Appraiser

Exterior Features

  • Disclosures: Seller Disclosure
  • Roof: Composition
  • Lot Features: Other
  • Construction Type: Brick

Garage/Parking

  • Parking Features: Electric Gate, Paved

Utilities

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

Schools

  • Elementary School: MACGREGOR ELEMENTARY SCHOOL
  • Junior High Dist: 27 - Houston
  • High School: LAMAR HIGH SCHOOL (HOUSTON)
  • Middle Or Junior School: CULLEN MIDDLE SCHOOL (HOUSTON)

Lot Info

  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 10973.0

Multi Family

  • Number Of Units Total: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 20, 2024
Sold by
Chez Margot Hospitality Llc
Bought by
Chez Margot Austin St Llc
Current Estimated Value
$625,157

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$422,000
Outstanding Balance
$420,910
Interest Rate
6.78%
Mortgage Type
Construction
Estimated Equity
$177,515

Purchase Details

Listed on
Oct 31, 2023
Closed on
Dec 12, 2023
Sold by
Behbod Ardavan and Behbod Saloumeh
Bought by
Chez Margot Hospitality Llc
Seller's Agent
Ryan Steer
Real Broker, LLC
Buyer's Agent
Ryan Steer
Real Broker, LLC
List Price
$624,999
Views
224

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-0.98%
Original Mortgage
$412,500
Interest Rate
7.76%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 15, 2005
Sold by
Fabre Research Clinics Ltd Llp
Bought by
Behbod Ardavan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$207,000
Interest Rate
5.8%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Nov 14, 2003
Sold by
Fabre Enterprises Inc
Bought by
Fabre Research Clinics Ltd Llp
Source: Public Records

Range of Values:

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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
Chez Margot Austin St Llc -- Fidelity National Title
Chez Margot Hospitality Llc -- Real Title Elite Solutions
Behbod Ardavan -- Stewart Title Company
Fabre Research Clinics Ltd Llp -- First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chez Margot Austin St Llc $422,000
Previous Owner Chez Margot Hospitality Llc $412,500
Previous Owner Behbod Ardavan $207,000
Closed Fabre Research Clinics Ltd Llp $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/12/2023 12/12/23 Sold -- -- --
10/31/2023 10/31/23 For Sale $624,999 -- $216 / 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
2024 $10,024 $479,085 $419,650 $59,435
2023 $10,024 $483,041 $419,650 $63,391
2022 $10,973 $473,591 $419,650 $53,941
2021 $10,255 $440,000 $381,500 $58,500
2020 $11,161 $440,000 $381,500 $58,500
2019 $9,754 $368,700 $327,000 $41,700
2018 $9,330 $368,700 $327,000 $41,700
2017 $10,156 $384,160 $327,000 $57,160
2016 $10,156 $384,160 $327,000 $57,160
2015 $7,999 $438,797 $327,000 $111,797
2014 $7,999 $311,170 $228,900 $82,270
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Houston Association of REALTORS®

MLS Number: 47206276

Houston Association of REALTORS®

APN: 0502870000008