NOT LISTED FOR SALE

616 Race St Crowley, TX 76036

Estimated Value: $420,000 - $550,000

8 Beds
4 Baths
3,756 Sq Ft
$133/Sq Ft Est. Value

Last Sold August 25, 2020

Current estimated payment $3,443/month

4 Days on Market

Highlights

  • Wood Flooring
  • Cul-De-Sac
  • Central Heating and Cooling System
  • Covered Patio or Porch
  • Interior Lot

About This Home

As of August 2020

Amazing investment opportunity with 100% Occupancy. The gross annual income is $40,080. All four units are two bedrooms with walk-in closets and one full bathroom with an additional sink area. Three units have been completely remodeled recently. All kitchens include a freestanding electric range, dishwasher, and refrigerator. Exterior features include covered porches, concrete stairs, and updated siding. Each unit has two assigned parking spaces. All units are separately metered and tenants pay for all utilities. The current owner maintained lawn, pest control routinely, and waste management.

Last Agent to Sell the Property

Cassie Spears

eXp Realty, LLC License #0487458 Listed on: 07/10/2020

eXp Realty, LLC

Last Buyer's Agent

Shubhra Bhattacharya

RE/MAX DFW Associates License #0621571

RE/MAX DFW Associates

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,761

Year Built

  • Built in 1985

Lot Details

  • 8,712 Sq Ft Lot
  • Cul-De-Sac
  • Interior Lot
  • Few Trees

Home Design

  • Quadruplex
  • Brick Exterior Construction
  • Slab Foundation
  • Composition Roof
  • Siding

Interior Spaces

  • 3,756 Sq Ft Home
  • 2-Story Property
  • Window Treatments

Kitchen

  • Electric Range
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet
  • Laminate
  • Ceramic Tile

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Full Bathrooms

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • 8 Car Garage
  • Common or Shared Parking
  • Front Facing Garage
  • Assigned Parking

Outdoor Features

  • Covered Patio or Porch
  • Rain Gutters

Schools

  • Race Elementary School
  • Stevens Middle School
  • Crowley High School

Utilities

  • Central Heating and Cooling System
  • Vented Exhaust Fan

Community Details

  • 3,756 Sq Ft Building
  • Holley Place Subdivision

Listing and Financial Details

  • Legal Lot and Block 2 / 1
  • Assessor Parcel Number 05546834
  • $9,056 per year unexempt tax

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,761

Year Built

Built in 1985

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Quadruplex
  • Unit Levels: Two
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Year Built Details: Preowned
  • Multi Parcel I D Y N: Yes
  • Municipal Utility District Y N: No
  • Net Operation Income: 33953
  • Will Subdivide: No
  • Accessibility Features Yn: No
  • Accessory Unit YN: No
  • Ratio Current Price By Building: 104.89883
  • Special Features: None
  • Year Built: 1985

Interior Features

  • Square Footage: 3756.00
  • Windows: Window Coverings
  • Flooring: Carpet, Ceramic Tile, Laminate, Wood
  • Appliances: Dishwasher, Disposal, Electric Range, Refrigerator, Vented Exhaust Fan

Beds/Baths

  • Full Bathrooms: 4
  • Total Bedrooms: 8

Exterior Features

  • Pool: No
  • Foundation: Slab
  • Fencing: None
  • Roof: Composition
  • Construction Materials: Brick, Siding
  • Exterior Features: Covered Patio/Porch, Rain Gutters
  • Patio And Porch Features: Covered

Garage/Parking

  • Cooling System: Central Air, Electric
  • Number Of Parking Spaces: 8
  • Parking Features: Assigned, Common, Garage Faces Front, Oversized
  • GarageYN: No

Utilities

  • Heating: Central, Electric
  • Utilities: City Sewer, City Water

Condo/Co-op/Association

  • Association Type: None

Schools

  • School District: Crowley ISD
  • Elementary School: Race
  • Middle School: Stevens
  • High School: Crowley
  • School District: Crowley ISD
  • Elementary School: Race
  • High School: Crowley

Lot Info

  • PropertyAttachedYN: No
  • Lot Features: Cul-De-Sac, Few Trees, Interior Lot, Subdivision
  • Lot Size Units: Acres
  • Lot Size Area: 0.2000
  • Parcel Number: 05546834
  • Lot Size Acres: 0.2000
  • Lot Size Sq Ft: 8712.0000

Green Features

  • Smart Home Features Appor Pass Y: No

Building Info

  • Year Built: 1985
  • Units Total: 4

Multi Family

  • Gross Annual Expenses: 3958.00
  • Gross Annual Income: 40080.00
  • Insurance Expense: 2169
  • Tenancy: No Smoking, No Sublease, No Waterbeds, Over 9 Months
  • Unit Count: 4

Tax Info

  • Unexempt Taxes: 9056
  • TaxBlock: 1
  • Tax Lot: 2

MLS Schools

  • MiddleOrJuniorSchool: Stevens
  • Middle School Name: Stevens
  • Elementary School Name: Race
  • High School Name: Crowley

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 28, 2021
Sold by
Shirali Swathi
Bought by
Aspire Realty Llc
Current Estimated Value
$498,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$282,000
Outstanding Balance
$252,362
Interest Rate
2.6%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$245,638

Purchase Details

Listed on
Jul 10, 2020
Closed on
Aug 25, 2020
Sold by
Idandesa Investments Llc
Bought by
Shirali Swathi
Seller's Agent
Cassie Spears
eXp Realty, LLC
Buyer's Agent
Shubhra Bhattacharya
RE/MAX DFW Associates
List Price
$397,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.66%
Original Mortgage
$282,000
Interest Rate
3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 6, 2017
Sold by
Velasco Diane and Velasco Enersto
Bought by
Irlandesa Investments Llc

Purchase Details

Closed on
Dec 11, 2007
Sold by
Behringer Steve L
Bought by
Thomson James R and Thomson Emily G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$137,250
Interest Rate
6.27%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 3, 2005
Sold by
Kunkel Troy
Bought by
Behringer Steve L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$132,750
Interest Rate
5.9%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Dec 16, 2004
Sold by
Hud
Bought by
Kunkel Troy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,000
Interest Rate
5.7%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 26, 2004
Sold by
National City Mortgage Co
Bought by
Hud

Purchase Details

Closed on
May 4, 2004
Sold by
Dreyer Shane M
Bought by
National City Mortgage Co

Purchase Details

Closed on
Oct 26, 2001
Sold by
Neisler Gary and Ponitz Kenneth
Bought by
Dreyer Shane M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,115
Interest Rate
6.84%
Mortgage Type
FHA
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
Aspire Realty Llc -- None Listed On Document
Shirali Swathi -- Providence Title Company
Irlandesa Investments Llc -- None Available
Thomson James R -- None Available
Behringer Steve L -- First Land Title
Kunkel Troy -- First American Title
Hud -- --
National City Mortgage Co $140,059 --
Dreyer Shane M -- Safeco Land Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Aspire Realty Llc $282,000
Previous Owner Shirali Swathi $282,000
Previous Owner Vilasco Diave $242,427
Previous Owner Thomson James R $131,255
Previous Owner Thomson James R $137,250
Previous Owner Behringer Steve L $132,750
Previous Owner Kunkel Troy $120,000
Previous Owner Dreyer Shane M $120,115
Closed Kunkel Troy $22,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/25/2020 08/25/20 Sold -- -- --
07/14/2020 07/14/20 Pending -- -- --
07/10/2020 07/10/20 For Sale $397,000 0.0% $106 / Sq Ft
06/04/2018 06/04/18 Rented $775 0.0% --
06/01/2018 06/01/18 Under Contract -- -- --
05/11/2018 05/11/18 For Rent $775 -- --
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
2024 $8,761 $373,500 $40,000 $333,500
2023 $10,061 $427,500 $40,000 $387,500
2022 $11,169 $418,837 $30,000 $388,837
2021 $10,351 $366,000 $30,000 $336,000
2020 $9,056 $319,000 $15,000 $304,000
2019 $9,485 $319,000 $15,000 $304,000
2018 $7,272 $244,560 $15,000 $229,560
2017 $7,409 $245,671 $15,000 $230,671
2016 $5,139 $170,387 $15,000 $155,387
2015 $5,471 $183,100 $15,000 $168,100
2014 $5,471 $183,100 $15,000 $168,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: North Texas Real Estate Information Systems (NTREIS)

MLS Number: 14384930

North Texas Real Estate Information Systems (NTREIS)

APN: 05546834