Seller's Agent in 2022
Erion Shehaj
Signature Real Estate
(713) 952-3200
39 in this area
170 Total Sales
Estimated Value: $846,000
9
Beds
8
Baths
--
Sq Ft
7,841
Sq Ft Lot
Highlights
- New Construction
- Granite Countertops
- Walk-In Closet
- Open Floorplan
- 4 Car Attached Garage
- Kitchen Island
About This Home
As of November 2022Prime opportunity to invest in a Class-A new construction luxury fourplex in scorching hot DFW market. Builder's Preferred Lender offers below market fixed rate financing with 30% down plus get Owner's title policy paid by Builder when using preferred Lender. This fourplex is under construction and is estimated to be complete between Oct 15 and Nov 15. Fantastic location across near Google's $600M Data Center. Ellis County has experienced explosive population growth in the last decade. Children attend Midlothian schools. The fourplex has a 3-2 unit (flat), a 2-2 unit (flat) and two townhouse style 2-1.5 units. Each unit has a one car garage. Projected rents of $1595-1795 per month based on strong Tenant demand in Phase 1. Easy commute to major area employers. Wealth of opportunities to relax & play nearby. Professional property management in place at a favorable rate of 5%. Hurry - this won't last!
Last Agent to Sell the Property
Signature Real Estate License #0516948 Listed on: 09/27/2022
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $11,505
Year Built
- Built in 2022 | New Construction
Lot Details
- 7,841 Sq Ft Lot
- Lot Dimensions are 70x140
HOA Fees
- $150 Monthly HOA Fees
Parking
- 4 Car Attached Garage
Home Design
- Quadruplex
- Brick Exterior Construction
- Slab Foundation
- Composition Roof
- Siding
- Stone Veneer
Interior Spaces
- 2-Story Property
- Open Floorplan
Kitchen
- Electric Range
- Dishwasher
- Kitchen Island
- Granite Countertops
- Disposal
Flooring
- Carpet
- Luxury Vinyl Plank Tile
Bedrooms and Bathrooms
- 9 Bedrooms
- Walk-In Closet
Schools
- Vitovsky Elementary School
- Frank Seales Middle School
- Heritage High School
Utilities
- Central Heating and Cooling System
- Electric Water Heater
Community Details
- Association fees include ground maintenance
- 4 Units
- 4,889 Sq Ft Building
- Heritage Hills HOA
- Heritage Hill Estates Subdivision
- Mandatory home owners association
Listing and Financial Details
- Legal Lot and Block 8 / B
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 27, 2022
Closed on
Nov 17, 2022
Sold by
Value Builders Inc
Bought by
Zhu Sima and Chen Fangyuan
Seller's Agent
Erion Shehaj
Signature Real Estate
Buyer's Agent
Peter Lai
Pinnacle Realty Advisors
List Price
$785,000
Views
1
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
2.74%
Original Mortgage
$585,000
Outstanding Balance
$567,860
Interest Rate
7.08%
Mortgage Type
New Conventional
Estimated Equity
$278,140
Purchase Details
Closed on
Mar 31, 2021
Sold by
Heritage Hills Development Llc
Bought by
Value Builders Inc
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 |
|---|---|---|---|
| Zhu Sima | -- | Platinum Title | |
| Value Builders Inc | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Zhu Sima | $585,000 | |
| Closed | Value Builders Inc | $0 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 11/18/2022 11/18/22 | Sold | -- | -- | -- |
| 10/25/2022 10/25/22 | Pending | -- | -- | -- |
| 09/27/2022 09/27/22 | For Sale | $785,000 | -- | -- |
Source: North Texas Real Estate Information Systems (NTREIS)
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 |
|---|---|---|---|---|
| 2024 | $11,505 | $784,978 | $90,000 | $694,978 |
| 2023 | $11,505 | $780,000 | $80,000 | $700,000 |
| 2022 | $2,420 | $143,173 | $60,000 | $83,173 |
| 2021 | $1,029 | $39,600 | $39,600 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Erion Shehaj
-
Peter Lai
P
Buyer's Agent in 2022
Peter Lai
Pinnacle Realty Advisors
(972) 338-5441
1 in this area
19 Total Sales
Map
Source: North Texas Real Estate Information Systems (NTREIS)
MLS Number: 20195207
APN: 284036
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
Listing information provided in part by the North Texas Real Estate Information Systems, Inc, for personal, non-commercial use by viewers of this site and may not be reproduced or redistributed. All information is deemed reliable but not guaranteed. Copyright © NTREIS 2025. All rights reserved
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