NOT LISTED FOR SALE

Estimated Value: $562,603 - $934,000

2 Beds
1 Bath
5,984 Sq Ft
$130/Sq Ft Est. Value

Last Sold December 04, 2020

Current estimated payment $5,569/month

232 Days on Market

Highlights

  • Granite Countertops
  • Tile Flooring
  • Central Heating and Cooling System
  • Window Unit Cooling System
  • 1-Story Property
  • Ceiling Fan

About This Home

As of December 2020

Looking for cash flow without maintenance? How about units with brand new finishes! 8 UNITS ON THIS 15,000 SQ FT LOT FOR ONLY $685,400! Permitted by the City of Houston, these 4 duplexes have a total of 8 units and are 2 bedrooms & 1 bath with a “studs out” renovation. Over $400K invested in this A+ rehab. Featuring new plumbing, wiring, insulation, sheetrock, windows and doors. Finished in modern trims, they have new custom cabinets, granite, kitchens & baths, lighting fixtures, and W/D connections. Individually metered for electricity and gas, owner pays water. Rents at $850/month/unit=$6,800 monthly=$81,600 annually. Located only 5 minutes from downtown. Convenient to I-59 and 610 freeways. Great opportunity for Turnkey Investors and/or owner occupant. Perfect for single payer renter from Section 8, Sober living facility or Medical facility. Conventional. FHA or Cash.

Last Agent to Sell the Property

Patrick Alexander

eXp Realty LLC License #0218259 Listed on: 03/16/2020

eXp Realty LLC

Last Buyer's Agent

Patrick Alexander

eXp Realty LLC License #0218259 Listed on: 03/16/2020

eXp Realty LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,421

Year Built

  • Built in 1950

Lot Details

  • 0.34 Acre Lot
  • South Facing Home

Home Design

  • Brick Exterior Construction
  • Composition Roof
  • Wood Siding
  • Cement Siding

Interior Spaces

  • 5,984 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Washer and Dryer Hookup

Kitchen

  • Microwave
  • Granite Countertops
  • Disposal

Flooring

  • Carpet
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Parking

  • 1 Parking Space
  • Paved Parking

Eco-Friendly Details

  • Energy-Efficient HVAC

Schools

  • Kashmere Gardens Elementary School
  • Key Middle School
  • Kashmere High School

Utilities

  • Window Unit Cooling System
  • Central Heating and Cooling System
  • Heating System Uses Gas
  • Cable TV Available

Community Details

  • 8 Units
  • Kashmere Gardens Subdivision

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,421

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Directions: From 610 North exit Lockwood. South on Lockwood. West on Pardee St. South on Kashmere. Homes on right.
  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Year Built: 1950
  • Subdivision Name: Kashmere Gardens
  • Unit Levels: One
  • New Construction: No
  • Efficiency: HVAC
  • Special Features: None

Interior Features

  • Appliances: Disposal, Microwave
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Flooring: Laminate, Tile, Carpet
  • Interior Amenities: Granite Counters, Ceiling Fan(s)
  • Living Area: 5984.0
  • ResoLivingAreaSource: Appraiser

Exterior Features

  • Disclosures: Seller Disclosure
  • Roof: Composition
  • Construction Type: Brick, Cement Siding, Wood Siding
  • Direction Faces: South

Garage/Parking

  • Parking Features: Paved

Utilities

  • Utilities: Cable Available, Electricity Available, Natural Gas Available, Water Available
  • Laundry Features: Washer Hookup, Dryer Hookup
  • Cooling: Central Air, Electric, Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Central, Gas, Other
  • Heating Yn: Yes

Schools

  • Elementary School: KASHMERE GARDENS ELEMENTARY SCHOOL
  • Junior High Dist: 27 - Houston
  • High School: KASHMERE HIGH SCHOOL
  • Middle Or Junior School: KEY MIDDLE SCHOOL

Lot Info

  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2019
  • Tax Annual Amount: 2421.0

Multi Family

  • Number Of Units Total: 8

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 16, 2020
Closed on
Dec 4, 2020
Sold by
Walker Michael
Bought by
Vvn Ventures Llc
Seller's Agent
Patrick Alexander
eXp Realty LLC
Buyer's Agent
Patrick Alexander
eXp Realty LLC
List Price
$685,400
Current Estimated Value
$775,901

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.19%
Original Mortgage
$350,000
Outstanding Balance
$312,868
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$451,348

Purchase Details

Closed on
Sep 26, 2013
Sold by
Saxum Real Estate Solutions Llc
Bought by
Walker Michael

Purchase Details

Closed on
May 31, 1996
Sold by
Broussards Investments Inc
Bought by
Allen Homer and Allen Roslyn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$58,000
Interest Rate
7.92%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Sep 1, 1983
Sold by
Broussard Wilfred and Broussard Gertrude
Bought by
Broussards Investments Inc
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
Vvn Ventures Llc -- None Listed On Document
Vvn Ventures Llc -- None Listed On Document
Walker Michael -- Southland Title Llc
Saxum Real Estate Solutions Llc -- Southland Title Llc
Allen Homer -- Fidelity National Title
Broussards Investments Inc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Vvn Ventures Llc $350,000
Closed Vvn Ventures Llc $350,000
Previous Owner Allen Homer $91,200
Previous Owner Allen Homer $58,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/04/2020 12/04/20 Sold -- -- --
11/04/2020 11/04/20 Pending -- -- --
03/16/2020 03/16/20 For Sale $685,400 -- $115 / 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 $16,092 $769,100 $86,063 $683,037
2023 $16,092 $746,782 $78,750 $668,032
2022 $12,408 $563,500 $52,313 $511,187
2021 $10,805 $463,600 $36,619 $426,981
2020 $7,810 $322,499 $36,619 $285,880
2019 $7,211 $284,957 $20,925 $264,032
2018 $635 $25,084 $22,500 $2,584
2017 $1,151 $45,500 $22,500 $23,000
2016 $1,661 $65,675 $16,875 $48,800
2015 -- $47,601 $11,250 $36,351
2014 -- $129,390 $15,000 $114,390
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Houston Association of REALTORS®

MLS Number: 88434922

Houston Association of REALTORS®

APN: 0651220060144