NOT LISTED FOR SALE

508 Elmwood Place Unit A Austin, TX 78705

Hancock Neighborhood

Estimated Value: $1,079,589

2 Beds
1 Bath
905 Sq Ft
$1,193/Sq Ft Est. Value

Highlights

  • City View
  • Wood Flooring
  • Crown Molding
  • Russell Lee Elementary School Rated A-
  • Built-in Bookshelves
  • 2-minute walk to Eastwoods Neighborhood Park

About This Home

As of June 2015

******** August 10, 2015 Move-in ******* Law Student's dream! Walk to Law School, roof deck for all tenants in cozy triplex. Remodeled hardwood floors, great roommate plan.

Last Agent to Rent the Property

Matt Ely

Ely Properties, Inc. License #0387240 Listed on: 04/15/2015

Ely Properties, Inc.

Last Renter's Agent

Joe Schleis

Compass RE Texas, LLC License #0522980

Compass RE Texas, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $17,978

Year Built

  • Built in 1921

Lot Details

  • 6,534

Home Design

  • Triplex
  • Slab Foundation

Interior Spaces

  • 905 Sq Ft Home
  • Built-in Bookshelves
  • Crown Molding
  • City Views
  • Laundry in Kitchen

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 1 Full Bathroom

Parking

  • Alley Access
  • Off-Street Parking

Utilities

  • Central Heating
  • Heating System Uses Natural Gas
  • Above Ground Utilities

Listing and Financial Details

  • Security Deposit $1,895
  • Tenant pays for all bills
  • 12-Month Min and 24-Month Max Lease Term
  • $100 Application Fee
  • Assessor Parcel Number 02150510160000

Community Details

Overview

  • Property managed by Ely Properties

Pet Policy

  • Pet Deposit $400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$17,978

Year Built

Built in 1921

Lot Details

0

Rental Info

  • Additional Pet Fee Description: See Agent
  • App Deposit Payable To: Ely Properties
  • App Fee Payable To: Ely Properties
  • Application Fee: 100
  • Application Policy: Best Qualified Application
  • Application Required: Tar App
  • Application Requirements: Application Fee, See Agent
  • First Month Rent Payable To: Broker
  • Lease Guarantor: No
  • Max Lease Months: 24
  • Min Lease Months: 12
  • Move In Requirements: Application Deposit, Cashiers Check, First Months Rent, Money Order
  • Pet Deposit: 400
  • Pet Description: Both Cats & Dogs
  • Section8: No
  • Security Deposit: 1895
  • Smoking Inside: No
  • Tenant Pays: All Bills

Listing Details

  • Property Type: Lease
  • Property Sub Type: Triplex
  • Unit Style: 1st Floor Entry
  • Access Instructions: Key W/Management Co.
  • Total Sq Ft: 905
  • Steps: Front Steps
  • Stories: 1
  • Year Built: 1921
  • Ratio Close Price By List Price: 1.00000
  • Ratio Close Price By Original Li: 1.00000
  • Ratio Close Price By Sq Ft: 2.09
  • Ratio Current Price By Lot Size: 12147.44
  • Ratio Current Price By Sq Ft: 2.09
  • Ratio List Price By Sq Ft: 2.09
  • Special Features: None

Interior Features

  • Disability Features: No
  • Main Level Bedrooms: 2
  • Interior Amenities: Built-In Book Cases, Crown Molding
  • Laundry Location: Kitchen
  • Dining Description: Liv/Din Combo
  • View: City
  • Laundry Facilities: See Agent, Kitchen
  • Sprinkler System: No
  • Flooring: Tile - Hard, Wood
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Total Bedrooms: 2
  • Kitchen Appliances: Cook Top Gas, Disposal, Dishwasher, Water Heater Gas, Microwave Oven, Self Cleaning Oven, Dryer, Washer, Refrigerator
  • Management Company: Ely Properties
  • Master Main: Yes
  • Num Dining: 1
  • Num Living: 1
  • Num Parking Spaces: 2
  • Region: Austin - Central
  • Dryer: Yes
  • Refrigerator: Yes
  • Washer: Yes

Exterior Features

  • Fence: Partial
  • Pool on Property: No
  • Trees: Medium (20 Ft - 40 Ft)
  • Waterfront: No
  • Construction: Composition Shingle, Frame/Stone, Hardiplank Type
  • Foundation: Slab
  • Num Blocksto Ut Shuttle: 1

Garage/Parking

  • Parking Features: Off Street

Utilities

  • Cooling: Central Air
  • Sewer: See Agent
  • Utilities: Above Ground
  • Heating: Central Heat, Natural Gas
  • Water Source: City
  • Dryer Maintained: Yes

Condo/Co-op/Association

  • HOA: No
  • Managed By: Property Manager
  • Manager Phone: 5124761976
  • Pets: Yes

Fee Information

  • Per Person: Yes

Schools

  • School District: Austin ISD
  • School District: Austin ISD
  • Elementary A: Lee
  • Intermediary: No
  • High School: McCallum

Lot Info

  • Lot Features: Alley Access
  • Lot Size Area: 0.156
  • Parcel Number: 02150510160000
  • M A P S C O Grid: F5
  • M A P S C O Page: 189

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 10, 2021
Sold by
Jadetree Investment Llc
Bought by
Su Douglas Yu Chcng and Su Kevin Yu
Current Estimated Value
$1,079,589

Purchase Details

Closed on
Apr 5, 2019
Sold by
Allman Melton Iii Thomas June and Allman Melton Betty Brooke
Bought by
Jade Tree Investment Llc

Purchase Details

Closed on
Aug 31, 2000
Sold by
Melton Betty Brooke Allman
Bought by
Melton Thomas June

Purchase Details

Closed on
Apr 19, 2000
Sold by
Melton Thomas June
Bought by
Melton Betty Brooke Allman

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$192,000
Interest Rate
8.24%
Mortgage Type
Stand Alone First

Purchase Details

Closed on
Mar 30, 1995
Sold by
Mcburnett Craig G
Bought by
Melton Thomas June

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$87,250
Interest Rate
8.72%
Mortgage Type
Purchase Money Mortgage
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
Su Douglas Yu Chcng -- None Available
Jade Tree Investment Llc -- Independence Title Co
Melton Thomas June -- --
Melton Betty Brooke Allman -- Austin Title Company
Melton Thomas June -- Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Su Douglas Yu-Cheng $600,000
Previous Owner Melton Thomas June $285,000
Previous Owner Melton Thomas June $287,000
Previous Owner Melton Betty Brooke Allman $192,000
Previous Owner Melton Thomas June $87,250
Closed Melton Thomas June $12,470
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/26/2015 06/26/15 Rented $1,895 0.0% --
06/15/2015 06/15/15 Under Contract -- -- --
04/15/2015 04/15/15 For Rent $1,895 +26.8% --
08/29/2014 08/29/14 Rented $1,495 -25.1% --
08/27/2014 08/27/14 Under Contract -- -- --
05/02/2014 05/02/14 For Rent $1,995 -- --
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 $17,978 $799,580 $538,650 $260,930
2023 $17,978 $1,290,188 $350,000 $940,188
2022 $25,975 $1,315,248 $350,000 $965,248
2021 $21,717 $997,698 $325,000 $672,698
2020 $15,918 $742,160 $325,000 $417,160
2018 $17,593 $794,633 $325,000 $469,633
2017 $12,422 $557,000 $325,000 $232,000
2016 $13,408 $601,222 $325,000 $276,222
2015 $13,898 $532,759 $250,000 $282,759
2014 $13,898 $584,000 $250,000 $334,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Unlock MLS (Austin Board of REALTORS®)

MLS Number: 7976848

Unlock MLS (Austin Board of REALTORS®)

APN: 208665