NOT LISTED FOR SALE

5575 County Road 980 Unit 5577 Nevada, TX 75173

Estimated Value: $246,000 - $289,566

6 Beds
4 Baths
-- Sq Ft
10,454 Sq Ft Lot

Last Sold October 10, 2023

Current estimated payment $1,600/month

111 Days on Market

Highlights

  • Interior Lot
  • 1-Story Property
  • Carpet
  • Cooling Available
  • Outdoor Storage
  • Heating Available

About This Home

As of October 2023

Excellent investment opportunity! Full Duplex for sale in Collin County near Lake Lavon. 5577's side is recently available and has been updated including the vinyl flooring, paint, kitchen cabinets, and more in recent years. 5575 is not updated but has a long term tenant of 15+ years that has recently updated their flooring at their own expense. 3 bedrooms with 2 full baths with ample kitchen and living room overlooking yards. Two entrances - one at the carport and another at the living room. Utility closet has some storage and is located in the kitchen. Water service is provided by Copeville Special Utility District. Priced for an As-Is sale and reflects need for septic replacement (design documentation attached) as well as repairs and updates to property. Cash offers only please.

Last Agent to Sell the Property

Audra Allen

Loves Realty Brokerage Phone: 214-299-8399 License #0546627 Listed on: 05/05/2023

Last Buyer's Agent

inderpreet singh

JPAR Dallas License #0804701

JPAR Dallas

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1986

Lot Details

  • 10,454 Sq Ft Lot
  • Chain Link Fence
  • Interior Lot

Home Design

  • Duplex
  • Brick Exterior Construction
  • Slab Foundation
  • Composition Roof

Interior Spaces

  • 1-Story Property
  • Window Treatments
  • Electric Range

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Full Bathrooms

Parking

  • 2 Parking Spaces
  • 2 Carport Spaces
  • Assigned Parking

Outdoor Features

  • Outdoor Storage

Schools

  • Tatum Elementary School
  • Farmersville Middle School
  • Farmersville High School

Utilities

  • Cooling Available
  • Heating Available
  • Vented Exhaust Fan
  • Municipal Utilities District
  • Septic Tank

Community Details

  • 2 Units
  • 2,000 Sq Ft Building
  • Baty Sub Subdivision

Listing and Financial Details

  • Legal Lot and Block 3 / 1
  • Assessor Parcel Number R072300100301
  • $2,528 per year unexempt tax

Property Details

Home Type

Multi-Family

Year Built

Built in 1986

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Duplex
  • Unit Levels: One
  • Year Built Details: Preowned
  • Multi Parcel I D Y N: No
  • Municipal Utility District Y N: Yes
  • Will Subdivide: No
  • Accessibility Features Yn: No
  • Accessory Unit YN: No
  • Ratio Current Price By Building: 75.00000
  • Attribution Contact: 214-299-8399
  • Special Features: None
  • Year Built: 1986

Interior Features

  • Windows: Window Coverings
  • Interior Amenities: Other
  • Flooring: Carpet, Vinyl
  • Appliances: Electric Range, Vented Exhaust Fan

Beds/Baths

  • Full Bathrooms: 4
  • Total Bedrooms: 6

Exterior Features

  • Pool: No
  • Foundation: Slab
  • Fencing: Chain Link
  • Roof: Composition
  • Construction Materials: Brick
  • Exterior Features: Storage

Garage/Parking

  • Cooling System: Electric
  • Carport Spaces: 2
  • Total Covered Spaces: 2
  • Number Of Parking Spaces: 2
  • Parking Features: Assigned, Covered
  • Attached Garage YN: No
  • GarageYN: No

Utilities

  • Heating: Electric
  • Utilities: Septic

Condo/Co-op/Association

  • Complex Name: 5575 CR 980
  • Association Type: None

Schools

  • School District: Farmersville ISD
  • Elementary School: Tatum
  • Intermediate School: Farmersville
  • Junior High School: Farmersville

Lot Info

  • Lot Features: Interior Lot
  • Lot Size Units: Acres
  • Lot Size Area: 0.2400
  • Parcel Number: R072300100301
  • Lot Size Acres: 0.2400
  • Lot Size Sq Ft: 10454.4000

Green Features

  • Smart Home Features Appor Pass Y: No

Building Info

  • Year Built: 1986
  • Units Total: 2

Multi Family

  • Gross Annual Income: 19200.00
  • Unit Count: 2

Tax Info

  • Unexempt Taxes: 2528
  • TaxBlock: 1
  • Tax Lot: 3

MLS Schools

  • Elementary School Name: Tatum
  • High School Name: Farmersville

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 5, 2023
Closed on
Oct 11, 2023
Sold by
Matte Paul
Bought by
Homesfly Llc
Seller's Agent
Audra Allen
Loves Realty
Buyer's Agent
inderpreet singh
JPAR Dallas
List Price
$175,000
Views
164
Current Estimated Value
$262,189

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
19.78%
Original Mortgage
$195,000
Interest Rate
7.18%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 9, 2016
Sold by
Eberhart Deborah J and Ragsdale Deborah J
Bought by
Matte Paul

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
3.43%
Mortgage Type
Balloon

Purchase Details

Closed on
Aug 25, 2016
Sold by
Ragsdale Steven C
Bought by
Eberhart Deborah J and Ragsdale Deborah J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
3.43%
Mortgage Type
Balloon

Purchase Details

Closed on
Jul 21, 2004
Sold by
Kerby Isabel A
Bought by
Ragsdale Steven C and Ragsdale Deborah J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$72,856
Interest Rate
6.3%
Mortgage Type
FHA
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Homesfly Llc -- None Listed On Document
Matte Paul -- None Available
Eberhart Deborah J -- Nat
Ragsdale Steven C -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Homesfly Llc $195,000
Previous Owner Matte Paul $100,000
Previous Owner Ragsdale Steven C $72,856
Closed Eberhart Deborah J $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/10/2023 10/10/23 Sold -- -- --
08/24/2023 08/24/23 Pending -- -- --
08/10/2023 08/10/23 For Sale $175,000 0.0% --
07/17/2023 07/17/23 Price Changed $175,000 -20.5% --
05/09/2023 05/09/23 Pending -- -- --
05/05/2023 05/05/23 For Sale $220,000 -- --
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 $2,764 $225,600 $47,043 $214,998
2024 $2,764 $219,670 $36,589 $151,411
2023 $2,764 $189,945 $36,589 $153,356
2022 $2,528 $166,048 $36,589 $129,459
2021 $2,914 $181,854 $20,908 $160,946
2020 $2,492 $170,031 $20,908 $149,123
2019 $2,708 $171,158 $20,908 $150,250
2018 $2,148 $134,894 $20,908 $113,986
2017 $1,630 $102,387 $10,000 $92,387
2016 $1,813 $107,939 $10,000 $97,939
2015 $1,416 $92,383 $10,000 $82,383
Source: Public Records

Agents Affiliated with this Home

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Map

Source: North Texas Real Estate Information Systems (NTREIS)

MLS Number: 20320282

North Texas Real Estate Information Systems (NTREIS)

APN: R-0723-001-0030-1