NOT LISTED FOR SALE

505 Morris St Terrell, TX 75160

Estimated Value: $436,964 - $463,000

12 Beds
12 Baths
4,800 Sq Ft
$93/Sq Ft Est. Value

Last Sold February 24, 2021

Current estimated payment $2,875/month

199 Days on Market

About This Home

As of February 2021

CASH PRODUCING INVESTMENT PROPERTY: 2 four-plexes, fully leased. 503 & 505 Morris St. Great income producing properties. Low maintenance. Four of the units are 2 bed, 2 bath. Two of the units are 1 bedroom, 2 bath. Two of the units are 1 bedroom, 1.5 bath. Includes accessory building that could be used for onsite laundry thus increasing cash flow. Rent rolls available from listing agent. Text or email for rent rolls.

Last Agent to Sell the Property

David Maisch

Zero Dollar Listings, LLC License #0602682 Listed on: 04/21/2020

Last Buyer's Agent

Ana Ortiz

Lifestyles Realty Central Texa License #0726135

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,156

Year Built

  • Built in 1983

Lot Details

  • 3,006 Sq Ft Lot
  • Corner Lot

Home Design

  • Quadruplex
  • Slab Foundation
  • Frame Construction
  • Composition Roof

Interior Spaces

  • 4,800 Sq Ft Home
  • 2-Story Property
  • Electric Range

Bedrooms and Bathrooms

  • 12 Bedrooms

Parking

  • 8 Parking Spaces
  • Common or Shared Parking

Schools

  • Wood Elementary School
  • Furlough Middle School
  • Wood Middle School
  • Terrell High School

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Community Details

  • 8 Units
  • 4,800 Sq Ft Building
  • Terrell Rev Subdivision

Listing and Financial Details

  • Legal Lot and Block 7B / 312
  • Assessor Parcel Number 40633
  • $3,863 per year unexempt tax

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,156

Year Built

Built in 1983

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Quadruplex
  • Unit Levels: Two
  • Year Built Details: Preowned
  • Multi Parcel I D Y N: Yes
  • Municipal Utility District Y N: No
  • Net Operation Income: 53100
  • Will Subdivide: No
  • Accessibility Features Yn: No
  • Ratio Current Price By Building: 139.58333
  • Special Features: None
  • Year Built: 1983

Interior Features

  • Square Footage: 4800.00
  • Interior Amenities: Cable TV Available
  • Appliances: Electric Range

Beds/Baths

  • Full Bathrooms: 10
  • Half Bathrooms: 2
  • Total Bedrooms: 12

Exterior Features

  • Pool: No
  • Foundation: Slab
  • Roof: Composition
  • Construction Materials: Frame

Garage/Parking

  • Cooling System: Central Air, Electric
  • Number Of Parking Spaces: 8
  • Parking Features: Common
  • GarageYN: No

Utilities

  • Heating: Central, Electric
  • Utilities: Asphalt, City Sewer, City Water

Condo/Co-op/Association

  • Association Type: None

Schools

  • School District: Terrell ISD
  • Elementary School: Wood
  • Middle School: Furlough
  • High School: Terrell
  • School District: Terrell ISD
  • Elementary School: Wood
  • Intermediate School: Wood
  • High School: Terrell

Lot Info

  • PropertyAttachedYN: No
  • Lot Features: Corner Lot
  • Lot Size Units: Acres
  • Lot Size Area: 0.0690
  • Parcel Number: 40633
  • Lot Size Acres: 0.0690
  • Lot Size Sq Ft: 3005.6400

Green Features

  • Smart Home Features Appor Pass Y: No

Building Info

  • Year Built: 1983
  • Units Total: 8

Multi Family

  • Gross Annual Expenses: 24180.00
  • Gross Annual Income: 77280.00
  • Insurance Expense: 2160
  • Tenancy: Over 9 Months
  • Unit Count: 3

Tax Info

  • Unexempt Taxes: 3863
  • TaxBlock: 312
  • Tax Lot: 7B

MLS Schools

  • MiddleOrJuniorSchool: Furlough
  • Middle School Name: Furlough
  • Elementary School Name: Wood
  • High School Name: Terrell

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 11, 2022
Sold by
Zale Daniel
Bought by
Zalefsky Realty Investments Llc Series D
Current Estimated Value
$448,655

Purchase Details

Listed on
Apr 21, 2020
Closed on
Feb 24, 2021
Sold by
Mulliqi Investments Llc
Bought by
Zale Daniel Bryan
Seller's Agent
David Maisch
Zero Dollar Listings, LLC
Buyer's Agent
Ana Ortiz
Lifestyles Realty Central Texa
List Price
$725,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-9.40%
Original Mortgage
$180,000
Interest Rate
2.7%
Mortgage Type
New Conventional
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
Zalefsky Realty Investments Llc Series D -- --
Zale Daniel Bryan -- First American Title Ins Co
Zale Daniel Bryan -- First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Zale Daniel Bryan $180,000
Previous Owner Mulliqi Genc $213,900
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/24/2021 02/24/21 Sold -- -- --
11/06/2020 11/06/20 Pending -- -- --
08/25/2020 08/25/20 Price Changed $699,000 -3.6% $146 / Sq Ft
04/21/2020 04/21/20 For Sale $725,000 -- $151 / 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 $5,156 $285,000 $31,559 $253,441
2024 $5,156 $271,230 $14,277 $256,953
2023 $4,309 $182,990 $12,774 $170,216
2022 $4,563 $174,861 $12,774 $162,087
2021 $4,481 $162,072 $12,774 $149,298
2019 $4,065 $131,490 $9,020 $122,470
2018 $2,632 $86,270 $9,020 $77,250
2017 $2,630 $86,270 $9,020 $77,250
2016 $2,630 $86,270 $9,020 $77,250
Source: Public Records

Agents Affiliated with this Home

  • David Maisch

    Seller's Agent in 2021

    David Maisch

    Zero Dollar Listings, LLC

    (469) 258-3982

    1 in this area

    86 Total Sales

    David Maisch
    Section Image

  • A

    Buyer's Agent in 2021

    Ana Ortiz

    Lifestyles Realty Central Texa

    (214) 789-5946

    1 in this area

    38 Total Sales

    Ana Ortiz
    Section Image
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Map

Source: North Texas Real Estate Information Systems (NTREIS)

MLS Number: 14325690

North Texas Real Estate Information Systems (NTREIS)

APN: 40633

Texas Kaufman County Terrell 75160

505 Morris St, Terrell, TX

This home is located at 505 Morris St, Terrell, TX 75160 since 21 April 2020 and is currently estimated at $448,655, approximately $93 per square foot. This property was built in 1983. 505 Morris St is a home located in Kaufman County with nearby schools including J W Long Elementary School, Herman Furlough Jr Middle School, and Terrell High School.

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North Texas Real Estate Information Systems (NTREIS) Listing information provided in part by the North Texas Real Estate Information Systems, Inc, for personal, non-commercial use by viewers of this site and may not be reproduced or redistributed. All information is deemed reliable but not guaranteed. Copyright © NTREIS 2025. All rights reserved

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