NOT LISTED FOR SALE

501 N Cesar Chavez Blvd Unit 3 Houston, TX 77011

Magnolia Park Neighborhood

Estimated Value: $251,000 - $327,000

-- Bed
-- Bath
1,850 Sq Ft
$156/Sq Ft Est. Value

Last Sold June 23, 2023

Current estimated payment $2,021/month

3 Days on Market

Highlights

  • Corner Lot
  • 1-Story Property
  • Central Heating and Cooling System

About This Home

As of June 2023

This property in central park boasts two buildings situated on a large corner lot, which can be converted into a 5plex. One of the buildings previously functioned as a meat market and union hall, while the other was occupied by the owner. You have the option to buy the lot as is or remodel the duplex to create a business and living space in one convenient location. The area is located just blocks from the Greyhound bus station and is densely populated, making it an ideal spot for residential rentals or a commercial lease. The commercial building is perfect for small businesses such as a restaurant, beauty salon, car repair shop, smoke shop, liquor store, vet, pawn shop or more. Located inside the 610 off Hwy 90 between I-10 and I-45, this property is conveniently located in the southeast of downtown and is an attractive selling point . The property was inherited by the family, so there is no seller disclosure. Please note that all information provided needs to be verified by the buyer.

Last Agent to Sell the Property

Kate Myhan

The Sears Group License #0719484 Listed on: 05/09/2023

The Sears Group

Last Buyer's Agent

Kate Myhan

The Sears Group License #0719484 Listed on: 05/09/2023

The Sears Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,461

Lot Details

  • 7,500 Sq Ft Lot
  • Corner Lot

Home Design

  • Duplex

Schools

  • Tijerina Elementary School
  • Edison Middle School
  • Austin High School

Additional Features

  • 1-Story Property
  • Central Heating and Cooling System

Community Details

  • 2 Units
  • Central Park Subdivision

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,461

Lot Details

0

Listing Details

  • Directions: Follow I-69 and I-10 E to East Fwy/E Freeway Service Rd. Take exit 773A from I-10 E, Take Wayside Dr to N 67th St ( N Cesar Chavez)
  • Property Sub Type: Duplex
  • Prop. Type: Residential Income
  • Subdivision Name: Central Park
  • Unit Levels: One
  • New Construction: No
  • Property Sub Type Additional: Duplex
  • Special Features: None

Interior Features

  • ResoLivingAreaSource: Appraiser

Exterior Features

  • Disclosures: None
  • Roof: Other
  • Lot Features: Corner Lot

Utilities

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

Schools

  • Elementary School: TIJERINA ELEMENTARY SCHOOL
  • Junior High Dist: 27 - Houston
  • High School: AUSTIN HIGH SCHOOL (HOUSTON)
  • Middle Or Junior School: EDISON MIDDLE SCHOOL

Lot Info

  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 4461.0

Multi Family

  • Number Of Units Total: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 9, 2023
Closed on
Jun 23, 2023
Sold by
Deleon Virgilio Rodrigo
Bought by
Kline Dane Martin and Kline Sarah
Seller's Agent
Kate Myhan
The Sears Group
Buyer's Agent
Kate Myhan
The Sears Group
List Price
$239,000
Views
80
Current Estimated Value
$288,569

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.79%
Original Mortgage
$318,400
Outstanding Balance
$302,135
Interest Rate
6.35%
Mortgage Type
Construction
Estimated Equity
-$30,394
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
Kline Dane Martin $423,472 None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kline Dane Martin $318,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/23/2023 06/23/23 Sold -- -- --
05/13/2023 05/13/23 Pending -- -- --
05/09/2023 05/09/23 For Sale $239,000 -- $129 / 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 $5,811 $259,165 $135,000 $124,165
2023 $5,811 $254,469 $135,000 $119,469
2022 $4,501 $191,388 $93,750 $97,638
2021 $4,395 $188,559 $93,750 $94,809
2020 $3,899 $151,601 $60,000 $91,601
2019 $4,185 $156,129 $60,000 $96,129
2018 $3,158 $124,800 $37,500 $87,300
2017 $3,870 $144,482 $60,000 $84,482
2016 $3,875 $144,680 $60,000 $84,680
2015 $3,273 $129,762 $45,000 $84,762
2014 $3,273 $120,298 $37,500 $82,798
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Houston Association of REALTORS®

MLS Number: 8479628

Houston Association of REALTORS®

APN: 0390270000001