Seller's Agent in 2022
David Shapiro
eXp Realty, LLC
(512) 893-7330
2 in this area
64 Total Sales
702 Franklin Blvd Austin, TX 78751
North Loop NeighborhoodEstimated Value: $1,238,075 - $1,427,000
--
Bed
6
Baths
3,647
Sq Ft
$365/Sq Ft
Est. Value
Highlights
- Horses Allowed On Property
- City Lights View
- No HOA
- Reilly Elementary School Rated 9+
- Property is near public transit
- Balcony
About This Home
As of June 2022Rare triplex investment opportunity in Central Austin. Each unit is approximately 1,350 sq ft and has a 3bd/2ba configuration with a private 1 car garage. There is additional parking space on the lot for each unit and plenty of street parking. Interior has been painted recently and other repairs have been completed to improve the property. All units feature a similar floor plan which includes a primary suite with an attached bath and 2 additional generously sized secondary bedrooms. These light-filled units offer access to a shared common yard, with the top floor unit including private balcony space. All units include spacious kitchens with gas ranges and W/D. All 3 units are leased at $2325/month. The proximity of the property to the UT campus creates high demand, low vacancy, and steady cash flow.
Last Agent to Sell the Property
eXp Realty, LLC License #0665170 Listed on: 04/21/2022
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $18,445
Year Built
- Built in 2005
Lot Details
- 7,797 Sq Ft Lot
- South Facing Home
- Wood Fence
- Back Yard Fenced
- Chain Link Fence
- Few Trees
Parking
- 3 Car Garage
- Front Facing Garage
- Driveway
- Secured Garage or Parking
Property Views
- City Lights
- Neighborhood
Home Design
- Slab Foundation
- Composition Roof
- Aluminum Siding
- Block Exterior
- Vinyl Siding
Interior Spaces
- Walk-In Closet
- 3,647 Sq Ft Home
- 2-Story Property
- Window Treatments
- Window Screens
- Living Room
Kitchen
- Free-Standing Gas Oven
- Dishwasher
Flooring
- Tile
- Vinyl
Laundry
- Laundry closet
- Dryer
- Washer
Home Security
- Carbon Monoxide Detectors
- Fire and Smoke Detector
Outdoor Features
- Balcony
- Front Porch
Location
- Property is near public transit
- City Lot
Schools
- Reilly Elementary School
- Lamar Middle School
- Mccallum High School
Horse Facilities and Amenities
- Horses Allowed On Property
Utilities
- Central Heating and Cooling System
- Separate Meters
Listing and Financial Details
- Tax Lot 45
- Assessor Parcel Number 02260706220000
- 2% Total Tax Rate
Community Details
Overview
- No Home Owners Association
- Northfield Add Subdivision
Pet Policy
- Dogs and Cats Allowed
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Apr 21, 2022
Closed on
Jun 14, 2022
Sold by
Lachenauerllc
Bought by
Bog3 Llc
Seller's Agent
David Shapiro
eXp Realty, LLC
Buyer's Agent
Alexis Reyes
Central Metro Realty
List Price
$1,550,000
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-2.68%
Purchase Details
Listed on
Mar 26, 2021
Closed on
May 28, 2021
Sold by
Farooq Omar and Farooq Nasreen
Bought by
Lachenauer Llc
Seller's Agent
Nathan Ortiz
Redfin Corporation
Buyer's Agent
David Shapiro
eXp Realty, LLC
List Price
$1,399,000
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.62%
Original Mortgage
$760,000
Interest Rate
4.75%
Mortgage Type
Construction
Purchase Details
Closed on
Jul 18, 2007
Sold by
Lee Robert
Bought by
Farooq Omar
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$650,000
Interest Rate
6.54%
Mortgage Type
Commercial
Purchase Details
Closed on
Dec 31, 2005
Sold by
Lee Raymond
Bought by
Lee Robert
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$495,000
Interest Rate
6.15%
Mortgage Type
Commercial
Purchase Details
Closed on
Sep 17, 2004
Sold by
Telford Laura and Vannatta Thomas R
Bought by
Lee Raymond
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
5.95%
Mortgage Type
Commercial
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Bog3 Llc | -- | Independence Title | |
| Lachenauer Llc | -- | Independence Title | |
| Farooq Omar | -- | Itc | |
| Lee Robert | -- | None Available | |
| Lee Raymond | -- | North American Title |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Lachenauer Llc | $760,000 | |
| Previous Owner | Farooq Omar | $650,000 | |
| Previous Owner | Lee Raymond | $120,000 | |
| Closed | Bog3 Llc | $0 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/16/2022 06/16/22 | Sold | -- | -- | -- |
| 04/29/2022 04/29/22 | Pending | -- | -- | -- |
| 04/21/2022 04/21/22 | For Sale | $1,550,000 | +10.8% | $425 / Sq Ft |
| 05/28/2021 05/28/21 | Sold | -- | -- | -- |
| 04/04/2021 04/04/21 | Pending | -- | -- | -- |
| 03/26/2021 03/26/21 | For Sale | $1,399,000 | -- | $384 / Sq Ft |
Source: Unlock MLS (Austin Board of REALTORS®)
Tax History Compared to Growth
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 | $25,798 | $1,188,428 | $435,534 | $752,894 |
| 2023 | $27,209 | $1,503,908 | $450,000 | $1,053,908 |
| 2022 | $21,237 | $1,075,329 | $450,000 | $625,329 |
| 2021 | $18,445 | $847,400 | $275,000 | $572,400 |
| 2020 | $13,935 | $649,700 | $275,000 | $374,700 |
| 2018 | $17,276 | $780,303 | $275,000 | $505,303 |
| 2017 | $10,778 | $483,283 | $240,000 | $243,283 |
| 2016 | $14,583 | $653,883 | $270,000 | $383,883 |
| 2015 | $14,937 | $658,041 | $225,000 | $433,041 |
| 2014 | $14,937 | $627,675 | $225,000 | $402,675 |
Source: Public Records
Agents Affiliated with this Home
-
David Shapiro
-
Lee Abraham
Seller Co-Listing Agent in 2022
Lee Abraham
eXp Realty LLC
(512) 969-2013
1 in this area
22 Total Sales
-
Alexis Reyes
A
Buyer's Agent in 2022
Alexis Reyes
Central Metro Realty
(512) 890-4328
1 in this area
6 Total Sales
-
Nathan Ortiz
N
Seller's Agent in 2021
Nathan Ortiz
Redfin Corporation
Map
Source: Unlock MLS (Austin Board of REALTORS®)
MLS Number: 2540021
APN: 226615
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