NOT LISTED FOR SALE

720 Pritchett Ln Unit 21 Seven Points, TX 75143

Estimated Value: $762,021 - $1,353,000

26 Beds
26 Baths
8,247 Sq Ft
$138/Sq Ft Est. Value

Sale Details

Date Sold: December 20, 2021

Current estimated payment $6,669 / mo

18 Days on Market

Highlights

  • Covered Patio or Porch
  • 1-Story Property
  • High Speed Internet
  • Covered Deck
  • Space Heater
  • Wood Fence

About This Home

As of December 2021

20 unit apartment complex with seven building ranging from single units to six units per building. Building 1 six studios 2 BR 1.5 Bath 555 Sq Ft., Building 2 & 3 - 8 Large 1 bedroom flats approx. 406 Sq Ft. Bldg 4, 3 small 1 bedroom flats approx. 365 Sq Ft. Two Tiny Homes approx. 400 Sq Ft and one single room Efficiency approx. 3291 Sq Ft. All units include utilities paid. 100% occupancy with great cash flow. Current income $18,000 monthly, Estimated monthly expenses utilities, WIFI at $3237.50, insurance $479 Property taxes currently $470 86. On site manager and maintenance person.

Last Agent to Sell the Property

Richard Avery

Avery Realty Group License #0594556 Listed on: 10/01/2021

Avery Realty Group

Last Buyer's Agent

Dan Kraemer

Kraemer LLC License #0669441

Property Details

Home Type

  • Apartment

Year Built

  • Built in 2017

Lot Details

  • 5 Acre Lot
  • Wood Fence
  • Few Trees

Home Design

  • Pillar, Post or Pier Foundation
  • Slab Foundation
  • Metal Roof
  • Siding

Interior Spaces

  • 8,247 Sq Ft Home
  • 1-Story Property
  • Electric Range

Bedrooms and Bathrooms

  • 26 Bedrooms

Parking

  • 35 Parking Spaces
  • Carport
  • Open Parking

Outdoor Features

  • Covered Deck
  • Covered Patio or Porch

Schools

  • Southside Elementary School
  • Mabank Middle School
  • Mabank High School

Utilities

  • Window Unit Cooling System
  • Space Heater
  • Municipal Utilities District for Water and Sewer
  • High Speed Internet

Community Details

  • 20 Units
  • 8,247 Sq Ft Building

Listing and Financial Details

  • Assessor Parcel Number 055201300H0050

Property Details

Home Type

Apartment

Year Built

Built in 2017

Lot Details

5 Acres

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Apartment
  • Unit Levels: One
  • Year Built Details: Preowned
  • Multi Parcel I D Y N: No
  • Municipal Utility District Y N: Yes
  • Net Operation Income: 212049
  • Water Body Name: Cedar Creek
  • Will Subdivide: No
  • Accessibility Features Yn: No
  • Ratio Current Price By Building: 151.57027
  • Special Features: None
  • Year Built: 2017

Interior Features

  • Square Footage: 8247.00
  • Interior Amenities: High Speed Internet Available
  • Appliances: Electric Range, Refrigerator

Beds/Baths

  • Full Bathrooms: 20
  • Half Bathrooms: 6
  • Total Bedrooms: 26

Exterior Features

  • Pool: No
  • Foundation: Pillar/Post/Pier, Slab
  • Fencing: Wood
  • Roof: Metal
  • Construction Materials: Siding, Wood
  • Exterior Features: Covered Deck, Covered Patio/Porch
  • Patio And Porch Features: Covered

Garage/Parking

  • Cooling System: Other, Window Unit(s)
  • Number Of Parking Spaces: 35
  • Parking Features: Carport, Open
  • OpenParkingYN: Yes
  • GarageYN: No

Utilities

  • Heating: Other, Space Heater
  • Utilities: Asphalt, MUD Sewer, MUD Water

Condo/Co-op/Association

  • Complex Name: Country Oaks
  • Association Type: None

Schools

  • School District: Mabank ISD
  • Elementary School: Southside
  • Intermediate School: Mabank
  • Junior High School: Mabank
  • High School: Mabank

Lot Info

  • PropertyAttachedYN: No
  • Lot Features: Acreage, Few Trees
  • Lot Size Units: Acres
  • Lot Size Area: 5.0000
  • Parcel Number: 055201300H0050
  • Lot Size Acres: 5.0000
  • Lot Size Sq Ft: 217800.0000

Green Features

  • Smart Home Features Appor Pass Y: No

Building Info

  • Year Built: 2017
  • Units Total: 20

Multi Family

  • Gross Annual Expenses: 39561.00
  • Gross Annual Income: 216000.00
  • Insurance Expense: 5154
  • Unit Count: 5

MLS Schools

  • MiddleOrJuniorSchool: Mabank
  • Elementary School Name: Southside
  • High School Name: Mabank

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 1, 2021
Closed on
Dec 20, 2021
Sold by
Patrick Harper
Bought by
Gre Seven Points Llc
Seller's Agent
Richard Avery
Avery Realty Group
Buyer's Agent
Dan Kraemer
Kraemer LLC
List Price
$1,250,000
Current Estimated Value
$1,139,340

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-2.13%
Original Mortgage
$938,000
Outstanding Balance
$862,483
Interest Rate
3.09%
Mortgage Type
New Conventional
Estimated Equity
$276,857

Purchase Details

Closed on
Sep 22, 2015
Sold by
Robin Sheila J
Bought by
Harper Patrick

Purchase Details

Closed on
Feb 1, 2013
Sold by
Robin Sheila J
Bought by
Harper Patrick

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$78,000
Interest Rate
3.42%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Sep 11, 2007
Sold by
Golden Edward Lynn
Bought by
Robin Sheila J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$42,000
Interest Rate
6.72%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jul 30, 2003
Sold by
Golden Edward F
Bought by
Harper Patrick

Purchase Details

Closed on
Sep 25, 2000
Sold by
Feddersen Janie Louise Hobbs
Bought by
Harper Patrick
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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Purchase History

Date Buyer Sale Price Title Company
Gre Seven Points Llc -- First Western Title
Harper Patrick -- Colonial Title Company
Harper Patrick -- --
Robin Sheila J -- None Available
Crowder April L -- None Available
Robin Sheila J -- None Available
Harper Patrick -- --
Harper Patrick -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gre Seven Points Llc $938,000
Previous Owner Crowder April L $78,000
Previous Owner Robin Sheila J $42,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/20/2021 12/20/21 Sold -- -- --
10/01/2021 10/01/21 For Sale $1,250,000 -- $152 / Sq Ft
Source: North Texas Real Estate Information Systems (NTREIS)

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 $6,391 $940,157 $81,000 $859,157
2024 $6,391 $461,514 $81,000 $380,514
2023 $5,957 $428,095 $60,000 $368,095
2022 $5,196 $337,310 $60,000 $277,310
2021 $5,650 $317,310 $40,000 $277,310
2020 $6,065 $317,310 $40,000 $277,310
2019 $6,163 $312,310 $35,000 $277,310
2018 $1,934 $317,850 $35,000 $282,850
2017 $362 $58,730 $35,000 $23,730
2016 $1,162 $58,730 $35,000 $23,730
2015 $1,152 $58,730 $35,000 $23,730
2014 $1,152 $58,730 $35,000 $23,730
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2021

    Richard Avery

    Avery Realty Group

    Section Image

  • D

    Buyer's Agent in 2021

    Dan Kraemer

    Kraemer LLC

    (972) 747-9967

    4 Total Sales

    Dan Kraemer
    Section Image
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Map

Source: North Texas Real Estate Information Systems (NTREIS)

MLS Number: 14683089

North Texas Real Estate Information Systems (NTREIS)

APN: 0552-0130-0H00-50

Texas Henderson County Seven Points 75143

720 Pritchett Ln Unit 21, Seven Points, TX

Not Listed for Sale

MultiFamily

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