NOT LISTED FOR SALE

706 Ridgelea Ave Unit 708 Longview, TX 75602

Estimated Value: $49,000 - $135,450

-- Bed
2 Baths
1,956 Sq Ft
$52/Sq Ft Est. Value

Last Sold August 11, 2023

Current estimated payment $741/month

31 Days on Market

About This Home

As of August 2023

Introducing a fantastic investment opportunity in Longview, a captivating duplex with both sides currently occupied, ensuring immediate rental income. Each unit is two bedroom one bath. This property boasts spacious living areas and a range of desirable features, making it an ideal choice for savvy investors. The kitchens in both units showcase granite countertops. These durable surfaces enhance the aesthetic appeal and provide a practical and easy-to-maintain workspace for meal preparation. To cater to the storage needs of residents, each side of the duplex is accompanied by a storage area. This additional space offers tenants a secure and convenient area to store belongings and connect their washers/dryer. With both units already occupied, investors can dive into the world of real estate with confidence, knowing that their investment will yield immediate returns. Don't miss out on this excellent opportunity to acquire a promising investment property in Longview. CALL TODAY THIS ONE WON'T LAST.

Last Agent to Sell the Property

Janti Patel

Ramsey Realty Group License #0702321 Listed on: 06/13/2023

Last Buyer's Agent

MEMBER NON

NON MEMBER

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1956

Lot Details

  • 6,882

Parking

  • 1 Car Garage

Home Design

  • 1,956 Sq Ft Home
  • Gable Roof Shape
  • Brick Exterior Construction
  • Pier And Beam

Utilities

  • Central Heating and Cooling System

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 40338

Property Details

Home Type

Multi-Family

Year Built

Built in 1956

Lot Details

0

Listing Details

  • Class: MULTI-FAMILY
  • Type: Duplex
  • Additional Showing Instructions: No showings until we have a executed contract, One unit may be able to show with 48 hours notice.
  • Escrow To: Central Title
  • Foreclosure Bank Owned: No
  • Subdivision: No
  • Taxes Dollars: $2,641.82
  • Foundation Style: Pier And Beam
  • Current Rent 2: 795
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Estimated Sq Ft: 1956

Exterior Features

  • Construction: Brick
  • Roof: Gable

Garage/Parking

  • Garage Type: Open
  • Parking Spaces: 1

Utilities

  • Cooling: Central
  • Heating: Central
  • Electricity: Separate Meter

Condo/Co-op/Association

  • Age Range: 50+

Lot Info

  • Parcel #: 40338

Building Info

  • Year Built: 1956

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 25, 2017
Sold by
Asante Group Llc
Bought by
Janis Daniel J
Current Estimated Value
$101,363

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$28,000
Interest Rate
3.91%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Feb 23, 2017
Sold by
Collier Pat and Collier Pat S
Bought by
Asante Group Llc
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Janis Daniel J -- Attorney
Asante Group Llc -- Ltc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Janis Daniel J $28,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/11/2023 08/11/23 Sold -- -- --
07/14/2023 07/14/23 Pending -- -- --
06/13/2023 06/13/23 For Sale $125,000 -- $64 / Sq Ft
Source: Longview Area 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
2025 $2,516 $127,060 $8,750 $118,310
2024 $2,516 $125,790 $8,660 $117,130
2023 $2,393 $120,730 $16,250 $104,480
2022 $1,681 $80,550 $5,630 $74,920
2021 $1,143 $50,540 $6,250 $44,290
2020 $972 $42,920 $3,560 $39,360
2019 $981 $42,920 $3,560 $39,360
2018 $464 $20,390 $3,560 $16,830
2017 $466 $20,390 $3,560 $16,830
2016 $851 $37,230 $3,560 $33,670
2015 $851 $37,230 $3,560 $33,670
2014 -- $37,230 $3,560 $33,670
Source: Public Records

Agents Affiliated with this Home

  • Janti Patel

    Seller's Agent in 2023

    Janti Patel

    Ramsey Realty Group

    (903) 241-8955

    341 Total Sales

    Janti Patel
    Section Image

  • M

    Buyer's Agent in 2023

    MEMBER NON

    NON MEMBER

See All Agents

Map

Source: Longview Area Association of REALTORS®

MLS Number: 20233371

Longview Area Association of REALTORS®

APN: 40338

Texas Gregg County Longview 75602

706 Ridgelea Ave Unit 708, Longview, TX

Not Listed for Sale

MultiFamily

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Longview Area Association of REALTORS® Copyright 2025 Longview Area Association of REALTORS®. All rights reserved. Information is deemed reliable but not guaranteed.

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