NOT LISTED FOR SALE

Estimated Value: $484,267 - $616,000

-- Bed
4 Baths
2,880 Sq Ft
$191/Sq Ft Est. Value

Last Sold February 17, 2017

Current estimated payment $3,937/month

4 Days on Market

Highlights

  • Golf Course Community
  • No HOA
  • Pet Amenities
  • Corner Lot
  • Community Pool
  • Living Room

About This Home

As of February 2017

4-plex property at corner of Stassney and S Pleasant Valley. Convenient to schools and major roads. 2 units recently vacated - can occupy those units prior to closing or wait and choose your own tenants. Market rents in the area are about $750 per month plus the tenants reimburse the owner for water. When fully occupied, property generates $3000/month in rental income.FEMA - Unknown Restrictions: Yes

Last Agent to Sell the Property

Sean Kubicek

Moreland Properties License #0616825 Listed on: 02/02/2017

Moreland Properties

Last Buyer's Agent

Zahid Maniya

Central Metro Realty License #0434104

Central Metro Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,706

Year Built

  • Built in 1983

Lot Details

  • 8,059 Sq Ft Lot
  • Corner Lot

Home Design

  • Pillar, Post or Pier Foundation
  • Frame Construction
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 2,880 Sq Ft Home
  • 2-Story Property
  • Living Room
  • Tile Flooring
  • Free-Standing Range

Schools

  • Widen Elementary School
  • Mendez Middle School
  • Travis High School

Utilities

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

Listing and Financial Details

  • Down Payment Assistance Available
  • Assessor Parcel Number 03220104240000
  • 2% Total Tax Rate

Community Details

Overview

  • No Home Owners Association
  • 4 Units
  • Village South Ph 02 Subdivision

Amenities

  • Community Barbecue Grill
  • No Laundry Facilities

Recreation

  • Golf Course Community
  • Community Playground
  • Community Pool
  • Park

Pet Policy

  • Pet Amenities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,706

Year Built

Built in 1983

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Quadruplex
  • Building Area Total: 2880.00
  • Restrictions: City Restrictions
  • Unit Mix: 2/1
  • Year Built: 1983
  • Directions: Head south on I-35, take exit 229 toward Stassney Lane, turn left onto E Stassney Ln.
  • Estimated Taxes: 4706.00
  • Fencing: None
  • Guest Accommodation Description: None
  • Intermediary: Yes
  • Levels: Two
  • Living Area: 2880.00
  • Property Panorama: No
  • Special Listing Conditions: Standard
  • Title: Seller
  • Special Features: None

Interior Features

  • Laundry Location: None
  • View: None
  • Flooring: Tile
  • Accessibility Features: None
  • Appliances: Free-Standing Range, Refrigerator
  • Property Condition: Resale, See Remarks
  • Security Features: None
  • Spa Features: None

Exterior Features

  • Exterior Features: None
  • Roof: Composition
  • Foundation: Pillar/Post/Pier
  • 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, Natural Gas Available
  • Heating: Central
  • Meter Description: Electric Separate, Gas Separate, Water Common
  • Water Source: Public
  • Cooling: Central Air

Association/Amenities

  • Association: No
  • Community Features: BBQ Pit/Grill, Golf Course, Park, Pet Amenities, Playground, Pool

Schools

  • School District: Austin ISD
  • School District: Austin ISD
  • Elementary School: Widen
  • Middle School: Mendez
  • High School: Travis
  • Elementary School: Widen
  • High School: Travis
  • Middle/Junior School: Mendez

Lot Info

  • Lot Features: Corner Lot, Curbs
  • Special Assessment: No
  • Parcel Number: 03220104240000
  • Lot Size Acres: 0.1850
  • Lot Size Sq Ft: 8058.60
  • Subdivision Name: Village South Ph 02

Rental Info

  • Furnished: Unfurnished
  • Total Actual Rent: 1450.00
  • Pets Allowed: No

Building Info

  • Construction Materials: Frame, Wood Siding

Multi Family

  • Number Of Units Total: 4

Tax Info

  • Tax Filled Sqft Total: 2880
  • Tax Rate: 2.38230000000000
  • Tax Year: 2016
  • Tax Annual Amount: 4706.00
  • Tax Exemptions: None

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 13, 2022
Sold by
Kishwar Khan Faraz
Bought by
Khan Faraz Kishwar and Khan Zuhair M
Current Estimated Value
$550,134

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$321,500
Outstanding Balance
$271,902
Interest Rate
4.52%
Mortgage Type
New Conventional
Estimated Equity
$278,232

Purchase Details

Listed on
Feb 2, 2017
Closed on
Feb 16, 2017
Sold by
Vital Real Estate Holdign Lp
Bought by
Khan Faraz Kishwar
Seller's Agent
Sean Kubicek
Moreland Properties
Buyer's Agent
Zahid Maniya
Central Metro Realty
List Price
$295,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.98%

Purchase Details

Listed on
Jan 10, 2013
Closed on
Apr 11, 2013
Sold by
Sierra Stephaniegarrabrant and Au Robert
Bought by
Vitae Real Estate Holdings Lp
Seller's Agent
Adrienne Laosa
Treaty Oak Property Management
Buyer's Agent
Sean Kubicek
Moreland Properties
List Price
$199,900

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.46%
Original Mortgage
$900,000
Interest Rate
3.56%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 16, 2009
Sold by
Us Bank Na
Bought by
Sierra Stephanie Garrabrant

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,500
Interest Rate
5.71%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 19, 2009
Sold by
Sitze Kevin L and Sitze Melody
Bought by
Greenpoint Mortgage Funding Inc

Purchase Details

Closed on
Aug 16, 2005
Sold by
Zappe Robert Garrett
Bought by
Sitze Kevin L and Sitze Melody

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$160,000
Interest Rate
5.65%
Mortgage Type
Fannie Mae Freddie Mac
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
Khan Faraz Kishwar -- None Listed On Document
Khan Faraz Kishwar -- None Available
Vitae Real Estate Holdings Lp -- Independence Title Midtown
Sierra Stephanie Garrabrant -- First American Title
Greenpoint Mortgage Funding Inc $166,050 None Available
Sitze Kevin L -- Chicago Title Insurance Comp
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Khan Faraz Kishwar $321,500
Previous Owner Khan Faraz Kishwar $1,000,000
Previous Owner Khan Faraz Kishwar $210,000
Previous Owner Vitae Real Estate Holdings Lp $900,000
Previous Owner Sierra Stephanie Garrabrant $100,500
Previous Owner Sitze Kevin L $160,000
Previous Owner Zappe Robert Garrett $93,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/17/2017 02/17/17 Sold -- -- --
02/06/2017 02/06/17 Pending -- -- --
02/02/2017 02/02/17 For Sale $295,000 +47.6% $102 / Sq Ft
04/11/2013 04/11/13 Sold -- -- --
03/18/2013 03/18/13 Pending -- -- --
01/10/2013 01/10/13 For Sale $199,900 -- $69 / Sq Ft
Source: Unlock MLS (Austin Board 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 $11,271 $482,200 $129,362 $352,838
2023 $10,126 $559,668 $120,000 $439,668
2022 $10,024 $507,589 $120,000 $387,589
2021 $9,335 $428,865 $60,000 $368,865
2020 $6,254 $291,600 $60,000 $231,600
2018 $6,848 $309,300 $60,000 $249,300
2017 $4,704 $210,912 $20,000 $190,912
2016 $4,706 $211,030 $20,000 $191,030
2015 $4,379 $239,898 $20,000 $219,898
2014 $4,379 $184,007 $20,000 $164,007
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Unlock MLS (Austin Board of REALTORS®)

MLS Number: 8232005

Unlock MLS (Austin Board of REALTORS®)

APN: 294793