NOT LISTED FOR SALE

Estimated Value: $947,309 - $1,061,000

-- Bed
8 Baths
4,192 Sq Ft
$240/Sq Ft Est. Value

Last Sold March 15, 2022

Current estimated payment $7,130/month

6 Days on Market

Highlights

  • Horses Allowed On Property
  • Living Room with Fireplace
  • No HOA
  • Sunset Valley Elementary School Rated A-
  • Park or Greenbelt View
  • Balcony

About This Home

As of March 2022

MULTIPLE OFFERS - Highest/best deadline Tuesday, Feb. 1st @8pm CST. Awesome high cash-flow turnkey investment property in great South Austin location <1mi from Central Market and Sunset Valley, and minutes from SoCo, SoLa, St. Elmo District, etc. Large 4plex on quiet cul-de-sac backs up to Greenbelt and features 1040sf+ open floor plans, all with 2bd/2ba & covered parking. Upstairs units have vaulted ceilings. Washers and dryers in all units. High demand rental units which always stay rented. Older wood siding already replaced with new hardi-board siding, saving new owner hassle and cost later. Substantial rent roll with room to add value - potential to easily increase to $1550-$1600 per unit. All units shown after contract.

Last Agent to Sell the Property

Jeff Lowther

Austin Property Investments License #0425458 Listed on: 01/27/2022

Last Buyer's Agent

Jennifer Rosal

Rosal Realty Experts License #0667037

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,477

Year Built

  • Built in 1983

Lot Details

  • 0.33 Acre Lot
  • Cul-De-Sac
  • North Facing Home

Home Design

  • Raised Foundation
  • Composition Roof
  • HardiePlank Type

Interior Spaces

  • Walk-In Closet
  • 4,192 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Living Room with Fireplace
  • 4 Fireplaces
  • Park or Greenbelt Views
  • Fire and Smoke Detector

Kitchen

  • Free-Standing Range
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Laminate
  • Vinyl

Laundry

  • Laundry in multiple locations
  • Dryer

Parking

  • Covered Parking
  • Common or Shared Parking

Outdoor Features

  • Balcony
  • Porch

Schools

  • Sunset Valley Elementary School
  • Covington Middle School
  • Crockett High School

Horse Facilities and Amenities

  • Horses Allowed On Property

Utilities

  • Central Heating and Cooling System
  • Separate Meters
  • Separate Water Meter
  • Gas Water Heater

Listing and Financial Details

  • Tax Lot 9
  • Assessor Parcel Number 04121506430000
  • 2% Total Tax Rate

Community Details

Overview

  • No Home Owners Association
  • Cherry Creek Ph V Sec 01 Subdivision

Pet Policy

  • Dogs and Cats Allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,477

Year Built

Built in 1983

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Quadruplex
  • Restrictions: City Restrictions
  • Unit Mix: 2/2
  • Year Built: 1983
  • Direction Faces: North
  • Directions: Head south on S Lamar, Left on West Gate Blvd, left on Indio - property on right in cul-de-sac.
  • Disclosures: None
  • Estimated Taxes: 15396.00
  • ETJ Extra Territorial Jurdn: No
  • FEMA Flood Plain: Yes-100 yr
  • Fencing: None
  • Fireplaces: 4
  • Green Energy Efficient: None
  • Green Sustainability: None
  • Home Sale Contingency: No
  • Intermediary: Yes
  • Levels: Two
  • Living Area: 4192.00
  • Other Equipment: Dryer Connections, Washer Hookup
  • Other Structures: None
  • Special Listing Conditions: Standard
  • Special Features: None

Interior Features

  • Interior Amenities: Walk-In Closet(s)
  • Laundry Location: Multiple Locations
  • View: Park/Greenbelt
  • Flooring: Carpet, Laminate, Vinyl
  • Fireplace Features: Living Room
  • Accessibility Features: None
  • Appliances: Dishwasher, Disposal, Dryer, Free-Standing Range, Refrigerator, Water Heater-Gas
  • Property Condition: Resale
  • Security Features: Smoke Detector(s)
  • Window Features: None

Exterior Features

  • Exterior Features: Balcony
  • Roof: Composition
  • Foundation: Raised, See Remarks
  • Patio And Porch Features: Porch
  • Pool Features: None
  • Waterfront Features: None
  • Waterfront: No

Garage/Parking

  • Parking Features: Common, Covered

Utilities

  • Sewer: Public Sewer
  • Utilities: Electricity Connected, Water Connected
  • Heating: Central
  • Meter Description: Electric Separate, Water Separate
  • Water Source: Public
  • Cooling: Ceiling Fan(s), Central Air

Association/Amenities

  • Association: No
  • Community Features: None

Schools

  • School District: Austin ISD
  • School District: Austin ISD
  • Elementary School: Sunset Valley
  • Middle School: Covington
  • High School: Crockett
  • Elementary School: Sunset Valley
  • High School: Crockett
  • Middle/Junior School: Covington

Lot Info

  • Lot Features: Cul-De-Sac
  • Parcel Number: 04121506430000
  • Lot Size Acres: 0.3250
  • Lot Size Sq Ft: 14157.00
  • Subdivision Name: Cherry Creek Ph V Sec 01

Rental Info

  • Total Actual Rent: 5240.00
  • Pets Allowed: Cats OK, Dogs OK

Building Info

  • Construction Materials: HardiPlank Type
  • New Construction: No

Tax Info

  • Tax Filled Sqft Total: 4192
  • Tax Lot: 9
  • Tax Rate: 2.17670000000000
  • Tax Year: 2021
  • Tax Annual Amount: 9477.00
  • Tax Exemptions: See Remarks

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 27, 2022
Closed on
Mar 14, 2022
Sold by
Chau and Dawn
Bought by
Rosal Juan
Seller's Agent
Jeff Lowther
Austin Property Investments
Buyer's Agent
Jennifer Rosal
Rosal Realty Experts
List Price
$999,500
Current Estimated Value
$1,004,155

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-2.74%
Original Mortgage
$825,750
Outstanding Balance
$794,851
Interest Rate
3.85%
Mortgage Type
New Conventional
Estimated Equity
$209,304

Purchase Details

Listed on
Sep 27, 2016
Closed on
Nov 4, 2016
Sold by
5305 Indio Holdings Llc
Bought by
Chau Giang
Seller's Agent
Nicholas Yarnall
Nicholas Yarnall, Broker
Buyer's Agent
Jeff Lowther
Austin Property Investments
List Price
$700,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.93%
Original Mortgage
$458,250
Interest Rate
3.42%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 15, 1998
Sold by
Smith Michael D and Smith Laura L
Bought by
Gullekson Keren R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$143,200
Interest Rate
6.91%
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
Rosal Juan -- New Title Company Name
Chau Giang -- None Available
Gullekson Keren R -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rosal Juan $825,750
Previous Owner Chau Giang $458,250
Previous Owner Gullekson Keren R $148,000
Previous Owner Gullekson Keren R $143,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/15/2022 03/15/22 Sold -- -- --
02/02/2022 02/02/22 Pending -- -- --
01/27/2022 01/27/22 For Sale $999,500 +42.8% $238 / Sq Ft
11/07/2016 11/07/16 Sold -- -- --
09/30/2016 09/30/16 Pending -- -- --
09/27/2016 09/27/16 For Sale $700,000 +47.4% $167 / Sq Ft
10/23/2014 10/23/14 Sold -- -- --
09/06/2014 09/06/14 Pending -- -- --
06/13/2014 06/13/14 For Sale $475,000 -- $113 / Sq Ft
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 $20,034 $922,402 $427,716 $494,686
2023 $20,034 $1,105,000 $420,000 $685,000
2022 $18,612 $942,396 $420,000 $522,396
2021 $15,396 $707,319 $210,000 $497,319
2020 $11,770 $548,754 $210,000 $338,754
2018 $13,622 $615,263 $210,000 $405,263
2017 $11,316 $507,395 $50,000 $457,395
2016 $8,417 $377,414 $60,000 $317,414
2015 $6,967 $412,725 $60,000 $352,725
2014 $6,967 $292,753 $60,000 $232,753
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Unlock MLS (Austin Board of REALTORS®)

MLS Number: 6005002

Unlock MLS (Austin Board of REALTORS®)

APN: 510839