NOT LISTED FOR SALE

701 E County Road 140 Midland, TX 79706

Estimated Value: $452,000 - $602,000

4 Beds
3 Baths
2,914 Sq Ft
$172/Sq Ft Est. Value

Last Sold August 31, 2023

Current estimated payment $2,981/month

27 Days on Market

Highlights

  • Granite Countertops
  • Patio
  • 1-Story Property
  • Fireplace
  • Tile Flooring
  • Central Heating and Cooling System

About This Home

As of August 2023

Priced well under assessors market value, this could be a chance in a lifetime for an incredible investment opportunity to own 2 homes side by side. Fully leased through Feb 2024 and income producing. Sellers were informed homes can be split to separate lots. Many beautiful updates in main residence which is 2,914 sq ft, 4 bdrm 2 bath. Oversized 950 sq ft 2 door garage and 289 sq ft shop, green house, storm shelter and sits on 1 acre. Other home has a Barndominium feel with 2,867 sq ft 2 bdrm 2 bath and attached 3 door 2000 sq ft shop and 2 storage buildings and sits on 2.94 acres. All livestock is approved and can roam in the back pasture which is pipe fenced.

Last Agent to Sell the Property

Art Carrillo

Texas Urban Living License #0529964 Listed on: 07/21/2023

Last Buyer's Agent

Pavnouty Abraham

Realty United License #0603152

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,098

Year Built

  • Built in 1960

Lot Details

  • 1 Acre Lot
  • Partially Fenced Property

Home Design

  • Brick Exterior Construction
  • Composition Roof

Interior Spaces

  • 2,914 Sq Ft Home
  • 1-Story Property
  • Fireplace
  • Tile Flooring
  • Fire and Smoke Detector
  • Washer and Dryer Hookup

Kitchen

  • Dishwasher
  • Granite Countertops

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Full Bathrooms

Parking

  • 2 Car Garage
  • Workshop in Garage

Schools

  • Travis Elementary School
  • Goddard Junior High School
  • Midland Freshman High School

Additional Features

  • Patio
  • Central Heating and Cooling System

Community Details

Overview

  • T2s Subdivision

Building Details

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,098

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Directions: Hwy 20 turn South on FM 715 then right on CR 140
  • Property Sub Type: Detached
  • Prop. Type: Residential Income
  • Year Built: 1960
  • Subdivision Name: T2S
  • Garage Yn: Yes
  • Unit Levels: One
  • New Construction: No
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Refrigerator
  • Full Bathrooms: 3
  • Total Bedrooms: 4
  • Fireplace: Yes
  • Flooring: Tile
  • Interior Amenities: Fireplace, Granite Counters
  • Living Area: 2914.0
  • ResoLivingAreaSource: Appraiser

Exterior Features

  • Roof: Composition
  • Fencing: Partial
  • Construction Type: Brick, Other
  • Patio And Porch Features: Patio

Garage/Parking

  • Parking Features: Garage, Paved, Workshop in Garage

Utilities

  • Utilities: Electricity Available
  • Laundry Features: Washer Hookup, Dryer Hookup
  • Security: Fire Alarm
  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes

Schools

  • Elementary School: TRAVIS ELEMENTARY SCHOOL (MIDLAND)
  • Junior High Dist: 736 - Midland
  • High School: MIDLAND FRESHMAN HIGH SCHOOL
  • Middle Or Junior School: GODDARD JUNIOR HIGH SCHOOL

Lot Info

  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 3098.0

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 54000.0
  • Property Net Operating Income: 40000.0
  • Annual Operating Expense: 10000.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 21, 2023
Closed on
Aug 28, 2023
Sold by
Loftin Christina Faye and Loftin Brian Lee
Bought by
Tanious Paul and Iskander Martina
Seller's Agent
Art Carrillo
Texas Urban Living
Buyer's Agent
Pavnouty Abraham
Realty United
List Price
$525,000
Views
101
Current Estimated Value
$501,261

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-1.81%
Original Mortgage
$384,000
Outstanding Balance
$377,464
Interest Rate
6.81%
Mortgage Type
New Conventional
Estimated Equity
$85,322

Purchase Details

Closed on
Nov 24, 2010
Sold by
Hassell William Samuel and Hassell Jocelyn F
Bought by
Loftin Brian Lee and Loftin Christina Faye

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$268,028
Interest Rate
4.23%
Mortgage Type
FHA

Purchase Details

Closed on
Apr 30, 2004
Sold by
Arick Lucille Est & Ann
Bought by
Loftin Brian Lee

Purchase Details

Closed on
Dec 21, 1982
Bought by
Loftin Brian Lee
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
Tanious Paul -- None Listed On Document
Loftin Brian Lee -- Lone Star Abstract & Title C
Loftin Brian Lee -- --
Loftin Brian Lee -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Tanious Paul $384,000
Previous Owner Loftin Brian Lee $268,028
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/31/2023 08/31/23 Sold -- -- --
08/18/2023 08/18/23 Pending -- -- --
07/21/2023 07/21/23 For Sale $525,000 -- $180 / Sq Ft
Source: Houston Association 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
2024 $3,074 $256,600 $30,000 $226,600
2023 $2,944 $250,000 $30,000 $220,000
2022 $3,098 $250,380 $30,000 $220,380
2021 $3,315 $235,960 $30,000 $205,960
2020 $3,291 $235,740 $30,000 $205,740
2019 $3,603 $235,740 $30,000 $205,740
2018 $3,134 $200,420 $30,000 $170,420
2017 $3,081 $197,040 $30,000 $167,040
2016 $3,146 $199,620 $30,000 $169,620
2015 -- $199,620 $30,000 $169,620
2014 -- $189,420 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Art Carrillo

    Seller's Agent in 2023

    Art Carrillo

    Texas Urban Living

    (214) 714-5590

    53 Total Sales

    Art Carrillo
    Section Image

  • P

    Buyer's Agent in 2023

    Pavnouty Abraham

    Realty United

    (713) 542-7200

    12 Total Sales

    Pavnouty Abraham
    Section Image
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Map

Source: Houston Association of REALTORS®

MLS Number: 3468303

Houston Association of REALTORS®

APN: R000006-244

Texas Midland County Midland 79706

701 E County Road 140, Midland, TX

This home is located at 701 E County Road 140, Midland, TX 79706 since 21 July 2023 and is currently estimated at $501,261, approximately $172 per square foot. This property was built in 1960. 701 E County Road 140 is a home located in Midland County with nearby schools including Travis Elementary School, Midland Freshman High School, and Midland High School.

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The information provided is exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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