NOT LISTED FOR SALE

Estimated Value: $324,000 - $386,000

3 Beds
2 Baths
3,215 Sq Ft
$111/Sq Ft Est. Value

Sale Details

Date Sold: June 7, 2022

Current estimated payment $2,474 / mo

7 Days on Market

About This Home

As of June 2022

Real estate investors, here is a real deal! 6 Bed, 5 bath. 3 bed, 2.5 bath, 1607 SF each side. Plenty of room for two families. 5516 was renovated a year and a half ago. A fresh coat was painted throughout the entire duplex. Every cabinet, every ceiling, every door. We did not miss a spot. New vanities. New ceiling fans. New plumbing fixtures. New shower tile. New cabinet and door hardware. New appliances. Money spent on electrical. I could go on! 5514 was renovated 4 months later in nearly the exact same fashion. This duplex is just north of Oak Forest in a deed restricted neighborhood. Great accessibility to 290, I10 and 610. The rent is below market, there is still some value add potential and this area will continue to appreciate. Rental analysis shows a good cap rate & CoC. Realistic analysis, not some fictional pro-forma! This unit will go fast, so don't fail to act quickly!

Last Agent to Sell the Property

William Jobe

Compass RE Texas, LLC - Houston License #0771802 Listed on: 04/18/2022

Compass RE Texas, LLC - Houston

Last Buyer's Agent

Julissa Calderon

Keller Williams Realty Professionals License #0747474

Keller Williams Realty Professionals

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,339

Year Built

  • Built in 1968

Lot Details

  • 8,510

HOA Fees

  • $16 Monthly HOA Fees

Parking

  • 2 Parking Spaces

Home Design

  • Duplex
  • Composition Roof

Interior Spaces

  • 3,215 Sq Ft Home
  • 2-Story Property

Kitchen

  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Schools

  • Wainwright Elementary School
  • Clifton Middle School
  • Scarborough High School

Additional Features

  • 8,510 Sq Ft Lot
  • Central Heating and Cooling System

Community Details

  • Association fees include recreation facilities
  • 2 Units
  • Forest West HOA
  • Forest West Subdivision

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,339

Year Built

Built in 1968

Lot Details

8,510 Sq Ft Lot

HOA Fees

$16 per month

Listing Details

  • Property Sub Type: Duplex
  • Prop. Type: Residential Income
  • Building Stories: 2
  • Year Built: 1968
  • Subdivision Name: Forest West
  • Unit Levels: Two
  • New Construction: No
  • Property Sub Type Additional: Duplex
  • UniversalParcelId: urn:reso:upi:2.0:US:48201:096-559-000-0027
  • Special Features: None
  • Stories: 2

Interior Features

  • Appliances: Dishwasher, Disposal
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Living Area: 3215.0
  • ResoLivingAreaSource: Appraiser

Exterior Features

  • Disclosures: Seller Disclosure
  • Roof: Composition

Utilities

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

Condo/Co-op/Association

  • Association Fee: 196.0
  • Association Fee Frequency: Annually
  • Association Name: Forest West HOA

Fee Information

  • Association Fee Includes: Recreation Facilities

Schools

  • Elementary School: WAINWRIGHT ELEMENTARY SCHOOL
  • Junior High Dist: 27 - Houston
  • High School: SCARBOROUGH HIGH SCHOOL
  • Middle Or Junior School: CLIFTON MIDDLE SCHOOL (HOUSTON)

Lot Info

  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 5339.0

Multi Family

  • Number Of Units Total: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 18, 2022
Closed on
Jun 7, 2022
Sold by
Jobe Seaside Properties Llc
Bought by
Chapman Andrew Michael
Seller's Agent
William Jobe
Compass RE Texas, LLC - Houston
Buyer's Agent
Julissa Calderon
Keller Williams Realty Professionals
List Price
$340,000
Current Estimated Value
$356,449

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.37%
Original Mortgage
$243,750
Outstanding Balance
$230,217
Interest Rate
5.1%
Mortgage Type
New Conventional
Estimated Equity
$126,232

Purchase Details

Closed on
Sep 29, 2020
Sold by
Campbell Joseph and Campbell Nina
Bought by
Jobe Seaside Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$235,000
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 31, 2003
Sold by
Lane Mary
Bought by
Campbell Joseph

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$128,000
Interest Rate
5.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 19, 2002
Sold by
Biggerstaff Jack
Bought by
Lane Mary

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$119,700
Interest Rate
7.05%

Purchase Details

Closed on
Dec 27, 1999
Sold by
Luna Richard D and Luna Adelfa S
Bought by
Biggerstaff Jack

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$70,000
Interest Rate
7.69%

Purchase Details

Closed on
Nov 12, 1993
Sold by
Powell Raymond T and Powell Joanne
Bought by
Luna Richard D and Luna Adelfa B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$59,823
Interest Rate
6.86%
Mortgage Type
FHA
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
Chapman Andrew Michael -- Title Houston Holdings Ltd
Jobe Seaside Properties Llc -- None Listed On Document
Campbell Joseph -- Stewart Title Houston Div
Lane Mary -- American Title Co
Biggerstaff Jack -- American Title Co
Luna Richard D -- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open Chapman Andrew Michael $243,750
Previous Owner Jobe Seaside Properties Llc $235,000
Previous Owner Campbell Joseph $128,000
Previous Owner Lane Mary $119,700
Previous Owner Biggerstaff Jack $70,000
Previous Owner Luna Richard D $59,823
Closed Biggerstaff Jack $8,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/07/2022 06/07/22 Sold -- -- --
04/25/2022 04/25/22 Pending -- -- --
04/18/2022 04/18/22 For Sale $340,000 -- $106 / Sq Ft
Source: Houston Association of REALTORS®

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 $6,342 $303,117 $133,535 $169,582
2024 $6,342 $303,117 $133,535 $169,582
2023 $6,342 $274,800 $94,260 $180,540
2022 $5,618 $255,138 $78,550 $176,588
2021 $5,339 $229,073 $62,840 $166,233
2020 $5,370 $221,765 $62,840 $158,925
2019 $5,463 $215,906 $62,840 $153,066
2018 $4,681 $185,000 $62,840 $122,160
2017 $4,678 $185,000 $62,840 $122,160
2016 $4,425 $175,000 $62,840 $112,160
2015 -- $156,000 $62,840 $93,160
2014 -- $165,386 $35,348 $130,038
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Houston Association of REALTORS®

MLS Number: 56590537

Houston Association of REALTORS®

APN: 0965590000027

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