NOT LISTED FOR SALE

700 E Pecan St Hurst, TX 76053

Estimated Value: $614,000 - $643,000

8 Beds
8 Baths
4,252 Sq Ft
$149/Sq Ft Est. Value

Last Sold August 26, 2021

Current estimated payment $4,177/month

6 Days on Market

Highlights

  • 1-Story Property
  • Central Heating and Cooling System
  • Wood Fence
  • Hurst J High School Rated A
  • High Speed Internet
  • 4-minute walk to Bellaire Park

About This Home

As of August 2021

Seller will be replacing roof so buyer will have a brand new roof. All four units are 2 bedroom-2 bath mixes offering over 1,000 SF of living space with washer-dryer hookups. Rents are as follows for each unit: 700-$920; 702-$950; 704-$995; 706-$875. Property is way under market rents based on comps, with property within 2 miles and only 1.5 baths vs 2 achieving $1,249 in rents. See Transaction Documents for comps. This presents an opportunity for an investor to capture significant upside potential while also owning a a cash flowing property in the Mid-Cities. Property includes covered parking in the back. Owner pays for water and $75 in rent goes toward water. Tenant pays for own electric.

Last Agent to Sell the Property

Esther Cho

GSFREA LLC License #0680452 Listed on: 07/21/2021

Last Buyer's Agent

Cecilia Miranda

VIP Realty License #0572912

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,220

Year Built

  • Built in 1971

Lot Details

  • 0.29 Acre Lot
  • Wood Fence

Home Design

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

Interior Spaces

  • 4,252 Sq Ft Home
  • 1-Story Property

Kitchen

  • Electric Range
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Full Bathrooms

Parking

  • 6 Parking Spaces
  • Carport
  • Assigned Parking

Schools

  • Bellaire Elementary School
  • Hurst Middle School
  • Bell High School

Utilities

  • Central Heating and Cooling System
  • Vented Exhaust Fan
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Legal Lot and Block A1 / 7
  • Assessor Parcel Number 02002612
  • $9,811 per year unexempt tax

Community Details

Overview

  • 4,252 Sq Ft Building
  • Oak Grove Add Subdivision

Amenities

  • Community Mailbox

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,220

Year Built

Built in 1971

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Quadruplex
  • Unit Levels: One
  • Year Built Details: Preowned
  • Multi Parcel I D Y N: No
  • Municipal Utility District Y N: No
  • Will Subdivide: No
  • Accessibility Features Yn: No
  • Ratio Current Price By Building: 125.51999
  • Special Features: None
  • Year Built: 1971

Interior Features

  • Square Footage: 4252.00
  • Interior Amenities: Cable TV Available, High Speed Internet Available
  • Appliances: Dishwasher, Disposal, Electric Range, Refrigerator, Vented Exhaust Fan

Beds/Baths

  • Full Bathrooms: 8
  • Total Bedrooms: 8

Exterior Features

  • Pool: No
  • Foundation: Slab
  • Fencing: Wood
  • Roof: Composition
  • Construction Materials: Brick, Siding, Wood

Garage/Parking

  • Cooling System: Central Air, Electric
  • Number Of Parking Spaces: 6
  • Parking Features: Assigned, Carport
  • GarageYN: No

Utilities

  • Heating: Central, Electric
  • Utilities: Asphalt, City Sewer, City Water, Community Mailbox

Condo/Co-op/Association

  • Complex Name: 700 E Pecan
  • Association Type: None

Schools

  • School District: Hurst-Euless-Bedford ISD
  • Elementary School: Bellaire
  • Junior High School: Hurst
  • High School: Bell

Lot Info

  • PropertyAttachedYN: No
  • Lot Size Units: Acres
  • Lot Size Area: 0.2900
  • Parcel Number: 02002612
  • Lot Size Acres: 0.2900
  • Lot Size Sq Ft: 12632.4000

Green Features

  • Smart Home Features Appor Pass Y: No

Building Info

  • Year Built: 1971
  • Units Total: 4

Multi Family

  • Gross Annual Income: 44880.00
  • Unit Count: 1

Tax Info

  • Unexempt Taxes: 9811
  • TaxBlock: 7
  • Tax Lot: A1

MLS Schools

  • MiddleOrJuniorSchool: Hurst
  • Elementary School Name: Bellaire
  • High School Name: Bell

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 27, 2022
Sold by
Mir Uzair
Bought by
Texan Mutual Llc
Current Estimated Value
$631,441

Purchase Details

Listed on
Jul 21, 2021
Closed on
Aug 26, 2021
Sold by
Palomino Residential Rentals Llc
Bought by
Yu David Young Kwang and Kim Yuri
Seller's Agent
Esther Cho
GSFREA LLC
Buyer's Agent
Cecilia Miranda
VIP Realty
List Price
$500,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.63%
Original Mortgage
$403,920
Interest Rate
2.8%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 22, 2017
Sold by
Lemeberger Gal
Bought by
Palomino Residential Rentals Llc

Purchase Details

Closed on
Feb 3, 2017
Sold by
Gedy Investments Llc
Bought by
Lemberger Gal

Purchase Details

Closed on
Dec 29, 2016
Sold by
Acosta Brisa
Bought by
Gedy Investments Llc

Purchase Details

Closed on
Sep 1, 2010
Sold by
Medina Kenny and Medina Amanda
Bought by
Faus Matthew and Faus Ashley

Purchase Details

Closed on
Jan 22, 2008
Sold by
U S Bank Na
Bought by
Swaim John Eric and Swaim Terri Lynn

Purchase Details

Closed on
Sep 11, 2007
Sold by
Mtglq Investors Lp
Bought by
Acosta Brisa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$127,200
Interest Rate
6.66%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 5, 2007
Sold by
Lockett Junichi
Bought by
Mtglq Investors Lp

Purchase Details

Closed on
Sep 24, 2004
Sold by
Mary Lou Green Mcnary Trust
Bought by
Miller Joe

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$166,400
Interest Rate
8.1%
Mortgage Type
Purchase Money Mortgage
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
Texan Mutual Llc -- Fair Texas Title
Yu David Young Kwang -- Miller Title Llc
Palomino Residential Rentals Llc -- None Available
Lemberger Gal -- None Available
Gedy Investments Llc -- None Available
Faus Matthew -- Hexter Fair Title Company
Swaim John Eric -- None Available
Acosta Brisa -- Allegiance Title Co
Mtglq Investors Lp $210,375 None Available
Miller Joe -- First Land Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Yu David Young Kwang $403,920
Previous Owner Acosta Brisa $127,200
Previous Owner Miller Joe $166,400
Closed Miller Joe $20,800
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/26/2021 08/26/21 Sold -- -- --
07/27/2021 07/27/21 Pending -- -- --
07/21/2021 07/21/21 For Sale $500,000 -- $118 / Sq Ft
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 $10,220 $500,384 $35,000 $465,384
2024 $10,220 $500,384 $35,000 $465,384
2023 $9,665 $482,424 $35,000 $447,424
2022 $10,011 $434,795 $35,000 $399,795
2021 $10,571 $438,302 $35,000 $403,302
2020 $9,788 $406,815 $35,000 $371,815
2019 $9,178 $374,990 $35,000 $339,990
2018 $7,856 $321,000 $19,000 $302,000
2017 $8,123 $321,000 $19,000 $302,000
2016 $5,702 $225,338 $19,000 $206,338
2015 $4,217 $160,800 $12,632 $148,168
2014 $4,217 $160,800 $12,632 $148,168
Source: Public Records

Agents Affiliated with this Home

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Map

Source: North Texas Real Estate Information Systems (NTREIS)

MLS Number: 14630109

North Texas Real Estate Information Systems (NTREIS)

APN: 02002612