NOT LISTED FOR SALE

513 Avenue I Conroe, TX 77301

Estimated Value: $262,000 - $486,000

3 Beds
2 Baths
3,330 Sq Ft
$122/Sq Ft Est. Value

Last Sold September 22, 2021

Current estimated payment $2,826/month

77 Days on Market

Highlights

  • Security Gate
  • Central Heating and Cooling System
  • Partially Fenced Property

About This Home

As of September 2021

Property is on 2 half lots in the City of Conroe. One structure is a newly built (2019) duplex that are each 3 bed and 1.5 bath. Another unit is a 1 bed and 1 bath, the last unit is a 3 bed 1 bath both built in 1948. All units are on long term lease with minimal deferred maintenance. Conroe is one of the fastest growing cities in the country and this property is very close to city center and offers reasonable rent in the area. Roof on the older units was scheduled for replacement prior to COVID and is deferred but consideration included in asking price. Two units have stacked W/D included. Dimensions for all rooms should be verified by buyer. Property includes houses on 601 and 603 Booker T Washington, corner lot adjacent to 513 Avenue I. All current leases are on TREC standard forms.

Last Agent to Sell the Property

John Lawrence

My Castle Realty License #0573098 Listed on: 06/06/2021

Last Buyer's Agent

David Seeto

Seeto Realty License #0512593

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,798

Year Built

  • Built in 2019

Lot Details

  • 9,345 Sq Ft Lot
  • Partially Fenced Property

Parking

  • 2 Parking Spaces

Home Design

  • Quadruplex
  • Composition Roof
  • Cement Siding

Interior Spaces

  • 3,330 Sq Ft Home
  • 2-Story Property
  • Laminate Flooring
  • Security Gate

Kitchen

  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Schools

  • Houston Elementary School
  • Stockton Junior High School
  • Conroe High School

Additional Features

  • Energy-Efficient HVAC
  • Central Heating and Cooling System

Community Details

Overview

  • 4 Units
  • Donovans Subdivision

Building Details

  • Operating Expense $3,000
  • Gross Income $45,000
  • Net Operating Income $38,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,798

Year Built

Built in 2019

Lot Details

0

Listing Details

  • Directions: I-45 from South exit Gladsdel, left on 3rd st, right on Avenue I property at corner of Avenue I and Booker T Washington
  • Property Sub Type: Quadruplex
  • Prop. Type: Residential Income
  • Building Stories: 2
  • Year Built: 2019
  • Subdivision Name: Donovans
  • Architectural Style: Fourplex
  • Unit Levels: Two
  • New Construction: No
  • Efficiency: HVAC
  • Property Sub Type Additional: Quadruplex
  • Special Features: VirtualTour
  • Stories: 2

Interior Features

  • Appliances: Dishwasher, Disposal, Microwave, Refrigerator
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Flooring: Laminate
  • Living Area: 3330.0
  • ResoLivingAreaSource: Builder

Exterior Features

  • Disclosures: Owner Is Listing Agent
  • Roof: Composition
  • Fencing: Partial
  • Construction Type: Cement Siding

Utilities

  • Utilities: Electricity Available, Water Available
  • Security: Security Gate
  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes

Schools

  • Elementary School: HOUSTON ELEMENTARY SCHOOL (CONROE)
  • Junior High Dist: 11 - Conroe
  • High School: CONROE HIGH SCHOOL
  • Middle Or Junior School: STOCKTON JUNIOR HIGH SCHOOL

Lot Info

  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2020
  • Tax Annual Amount: 1798.0

Multi Family

  • Number Of Units Total: 4
  • Annual Gross Income: 45000.0
  • Property Net Operating Income: 38000.0
  • Annual Operating Expense: 3000.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 6, 2021
Closed on
Sep 21, 2021
Sold by
Lawrence John and Lawrence Maryjane
Bought by
Chan Joseph and Kwan Rosanna
Seller's Agent
John Lawrence
My Castle Realty
Buyer's Agent
David Seeto
Seeto Realty
List Price
$450,000
Current Estimated Value
$405,912

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-0.59%
Original Mortgage
$315,000
Outstanding Balance
$290,349
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$120,194

Purchase Details

Closed on
Apr 19, 2021
Sold by
Lawrence John and Lawrence John P
Bought by
Lawrence John P and Lawrence Maryjane

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$294,000
Interest Rate
3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 14, 2015
Sold by
Texas Funding Corporation
Bought by
Lawrence John

Purchase Details

Closed on
Jul 10, 2012
Sold by
Mandujuano Jorge Luis and Jasso Sergio
Bought by
Texas Funding Corporation

Purchase Details

Closed on
May 30, 2006
Sold by
Mandujano Jorge Luis and Jasso Sergio
Bought by
Pine Properties Llc
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
Chan Joseph -- None Available
Lawrence John P -- Capital Title
Lawrence John -- Century Oaks Title Company
Texas Funding Corporation $69,000 None Available
Pine Properties Llc -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chan Joseph $315,000
Previous Owner Lawrence John P $294,000
Previous Owner Lawrence John P $128,800
Closed Pine Properties Llc $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/22/2021 09/22/21 Sold -- -- --
08/23/2021 08/23/21 Pending -- -- --
06/06/2021 06/06/21 For Sale $450,000 -- $135 / 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 $7,363 $384,864 -- --
2023 $6,146 $320,720 $46,730 $273,990
2022 $7,695 $371,000 $46,730 $324,270
2021 $3,127 $143,020 $18,690 $124,330
2020 $1,825 $80,000 $18,690 $61,310
2019 $3,045 $130,560 $930 $129,630
2018 $2,741 $117,530 $930 $116,600
2017 $1,710 $73,040 $930 $72,110
2016 $1,710 $73,040 $930 $72,110
2015 $1,062 $73,040 $930 $72,110
2014 $1,062 $45,050 $930 $44,120
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2021

    John Lawrence

    My Castle Realty

    (832) 299-5971

    1 in this area

    5 Total Sales

    Section Image

  • D

    Buyer's Agent in 2021

    David Seeto

    Seeto Realty

    (832) 713-1101

    1 in this area

    53 Total Sales

    Section Image
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Map

Source: Houston Association of REALTORS®

MLS Number: 55283542

Houston Association of REALTORS®

APN: 4060-00-00760

Texas Montgomery County Conroe 77301

513 Avenue I, Conroe, TX

This home is located at 513 Avenue I, Conroe, TX 77301 since 06 June 2021 and is currently estimated at $405,912, approximately $121 per square foot. This property was built in 2019. 513 Avenue I is a home located in Montgomery County with nearby schools including Houston Elementary School, Travis Intermediate School, and Donald J. Stockton Junior High School.

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