NOT LISTED FOR SALE

7504 Chapin Rd Fort Worth, TX 76116

Estimated Value: $563,000 - $583,000

6 Beds
8 Baths
4,298 Sq Ft
$133/Sq Ft Est. Value

Last Sold August 05, 2024

Current estimated payment $4,069/month

146 Days on Market

Highlights

  • Covered Patio or Porch
  • Ceramic Tile Flooring
  • Ceiling Fan
  • Interior Lot
  • Central Heating and Cooling System
  • Wood Fence

About This Home

As of August 2024

Multi-family four-plex located in Highland Homes perfect for an investor looking to house hack. Two units have been completely updated with neutral paint, fixtures, carpet and flooring throughout and much more. Upgrade list is available upon request. Kitchens has been updated with granite in 1 unit, stainless sink and new appliances within the last 2 years. Bathrooms have been updated with granite in 1 unit, fixtures and hardware. 3 units are occupied. Two HVAC's have been replaced in the last 3 years. Landlord pays - Dumpster $100 monthly, Water $150 approx, Lawncare provided by tenant $50 month credit. Room to increase rent on 1 unit, lease agreements renew Sept 24', Unit has not been updated at all. AGGRESIVELY PRICED TO SELL. $5000 towards closing cost for buyer.

Last Agent to Sell the Property

Zach Bell

Engel & Volkers Dallas License #0728318 Listed on: 02/05/2024

Engel & Volkers Dallas

Last Buyer's Agent

Ikay Aburime

Targetcost Realty License #0489252

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,416

Year Built

  • Built in 1984

Lot Details

  • 4,298 Sq Ft Lot
  • Wood Fence
  • Interior Lot
  • Few Trees

Home Design

  • Quadruplex
  • Brick Exterior Construction
  • Slab Foundation
  • Composition Roof
  • Siding

Interior Spaces

  • 2-Story Property
  • Ceiling Fan
  • Decorative Lighting

Kitchen

  • Electric Oven
  • Electric Cooktop
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Ceramic Tile
  • Vinyl

Bedrooms and Bathrooms

  • 6 Bedrooms

Parking

  • 8 Parking Spaces
  • Carport
  • Assigned Parking

Outdoor Features

  • Covered Patio or Porch

Schools

  • Luellamerr Elementary School
  • Leonard Middle School
  • Westn Hill High School

Utilities

  • Central Heating and Cooling System
  • Gas Jet Heater
  • Cable TV Available

Community Details

  • 4 Units
  • 4,298 Sq Ft Building
  • Highland Homes Add Subdivision

Listing and Financial Details

  • Legal Lot and Block 18a / 17
  • Assessor Parcel Number 04813235
  • $8,998 per year unexempt tax

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,416

Year Built

Built in 1984

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Quadruplex
  • Unit Levels: Two
  • Year Built Details: Preowned
  • Multi Parcel I D Y N: No
  • Municipal Utility District Y N: No
  • Net Operation Income: 44700
  • Will Subdivide: No
  • Accessibility Features Yn: No
  • Lake Pump Y N: No
  • Ratio Current Price By Building: 132.61982
  • Special Features: None
  • Year Built: 1984

Interior Features

  • Interior Amenities: Cable TV Available, Decorative Lighting
  • Flooring: Carpet, Ceramic Tile, Vinyl
  • Appliances: Dishwasher, Disposal, Electric Cooktop, Electric Oven, Microwave, Refrigerator

Beds/Baths

  • Full Bathrooms: 4
  • Half Bathrooms: 4
  • Total Bedrooms: 6

Exterior Features

  • Pool: No
  • Foundation: Slab
  • Fencing: Wood
  • Roof: Composition
  • Construction Materials: Brick, Siding
  • Exterior Features: Covered Patio/Porch
  • Waterfront: No
  • Patio And Porch Features: Covered

Garage/Parking

  • Cooling System: Ceiling Fan(s), Central Air, Electric
  • Number Of Parking Spaces: 8
  • Parking Features: Assigned, Carport

Utilities

  • Heating: Central, Electric, Gas Jets
  • Utilities: City Sewer, City Water

Condo/Co-op/Association

  • Complex Name: Chapin Rd Townhomes
  • Association Type: None

Schools

  • School District: Fort Worth ISD
  • Elementary School: Luellamerr
  • Middle School: Leonard
  • High School: Westn Hill
  • School District: Fort Worth ISD
  • Elementary School: Luellamerr

Lot Info

  • Lot Features: Few Trees, Interior Lot, Subdivision
  • Lot Size Units: Square Feet
  • Lot Size Area: 4298.0000
  • Parcel Number: 04813235
  • Lot Size Acres: 0.0987
  • Lot Size Sq Ft: 4298.0000

Green Features

  • Smart Home Features Appor Pass Y: No

Building Info

  • Year Built: 1984
  • Units Total: 4

Multi Family

  • Gross Annual Expenses: 10000.00
  • Gross Annual Income: 58000.00
  • Insurance Expense: 3300
  • Tenancy: 9 Months or Less, No Smoking, No Sublease, No Waterbeds, Over 9 Months, Pets Allowed
  • Unit Count: 4

Tax Info

  • Unexempt Taxes: 8998
  • TaxBlock: 17
  • Tax Lot: 18a

MLS Schools

  • Middle School Name: Leonard
  • Elementary School Name: Luellamerr
  • High School Name: Westn Hill

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 5, 2024
Closed on
Aug 5, 2024
Sold by
Philip Roshan Sim
Bought by
Azubike Peter and Azubike Adetokunbo
Seller's Agent
Zach Bell
Engel & Volkers Dallas
Buyer's Agent
Ikay Aburime
Targetcost Realty
List Price
$625,000
Views
292
Current Estimated Value
$572,263

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-2.07%
Original Mortgage
$570,000
Outstanding Balance
$564,563
Interest Rate
6.86%
Mortgage Type
VA
Estimated Equity
$7,700

Purchase Details

Listed on
Nov 16, 2021
Closed on
Jan 13, 2022
Sold by
Schenck and Mark
Bought by
Philip Roshan Sim
Seller's Agent
Valerie Martinez
Fathom Realty LLC
Buyer's Agent
Raquel Payne
Home Simple of Texas
List Price
$500,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.32%
Original Mortgage
$407,560
Interest Rate
3.05%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 26, 2018
Closed on
May 7, 2018
Sold by
Bjs Realty Llc
Bought by
Schneck Mark and Schneck Marleigh
Seller's Agent
Christopher Torbert
TXP Group LLC
Buyer's Agent
Rebekah Harris
The Sears Group
List Price
$319,990

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.86%
Original Mortgage
$215,000
Interest Rate
4.44%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 7, 2017
Sold by
Gkp Investments Llc
Bought by
Bjs Realty Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,000
Interest Rate
4.03%
Mortgage Type
Commercial

Purchase Details

Closed on
May 31, 2011
Sold by
Parmley John Gregory and Parmley Krissa G
Bought by
Gkp Investments Llc

Purchase Details

Closed on
Dec 21, 2010
Sold by
Aurora Loan Services Llc
Bought by
Parmley Greg

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$67,200
Interest Rate
4.44%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 8, 2010
Sold by
Mortgage Electronic Registration Systems
Bought by
Aurora Loan Services Llc

Purchase Details

Closed on
Oct 5, 2010
Sold by
Hill Walter R and Hill Kathleen E
Bought by
Mortgage Electronic Registration Systems and Ctx Mortgage Company Llc

Purchase Details

Closed on
Jan 25, 2006
Sold by
Thomas Ronald D and Thomas Marie
Bought by
Hill Walter R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$145,650
Interest Rate
6.5%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Jul 12, 2001
Sold by
Ha Po Kim
Bought by
Thomas Ronald and Thomas Marie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$109,875
Interest Rate
9.62%

Purchase Details

Closed on
Jun 12, 2000
Sold by
Ha Clifford and Ha Kyoung
Bought by
Ha Po Kun

Purchase Details

Closed on
Nov 13, 1998
Sold by
C & S Ventures Ltd
Bought by
Ha Clifford and Ha Kyoung

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$91,800
Interest Rate
6.9%
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
Azubike Peter -- Tarry Title
Philip Roshan Sim $542,054 Wfg National Title Insurance C
Schneck Mark -- Lawyers Title
Bjs Realty Llc -- Lawyers Title
Gkp Investments Llc -- None Available
Parmley Greg -- Lsi Title Agency Inc
Aurora Loan Services Llc -- None Available
Mortgage Electronic Registration Systems $174,119 None Available
Hill Walter R -- Republic Title Of Texas
Thomas Ronald -- Metroplex Title Inc
Ha Po Kun -- --
Ha Clifford -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Azubike Peter $570,000
Previous Owner Philip Roshan Sim $407,560
Previous Owner Schneck Mark $215,000
Previous Owner Bjs Realty Llc $180,000
Previous Owner Parmley Greg $67,200
Previous Owner Hill Walter R $145,650
Previous Owner Hill Walter R $29,100
Previous Owner Thomas Ronald $134,400
Previous Owner Thomas Ronald $109,875
Previous Owner Thomas Ronald $109,875
Previous Owner Ha Clifford $91,800
Closed Thomas Ronald $21,975
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/05/2024 08/05/24 Sold -- -- --
07/01/2024 07/01/24 Pending -- -- --
06/07/2024 06/07/24 Price Changed $585,000 -3.3% $136 / Sq Ft
06/03/2024 06/03/24 Price Changed $605,000 -0.8% $141 / Sq Ft
04/27/2024 04/27/24 Price Changed $610,000 -0.8% $142 / Sq Ft
04/17/2024 04/17/24 Price Changed $615,000 -1.6% $143 / Sq Ft
04/14/2024 04/14/24 For Sale $625,000 0.0% $145 / Sq Ft
03/21/2024 03/21/24 Pending -- -- --
03/21/2024 03/21/24 Price Changed $625,000 0.0% $145 / Sq Ft
03/21/2024 03/21/24 For Sale $625,000 -1.6% $145 / Sq Ft
03/18/2024 03/18/24 For Sale $635,000 0.0% $148 / Sq Ft
03/11/2024 03/11/24 Pending -- -- --
02/19/2024 02/19/24 Price Changed $635,000 -1.6% $148 / Sq Ft
02/05/2024 02/05/24 For Sale $645,000 +29.0% $150 / Sq Ft
01/14/2022 01/14/22 Sold -- -- --
12/02/2021 12/02/21 Pending -- -- --
11/16/2021 11/16/21 For Sale $500,000 +56.3% $116 / Sq Ft
05/07/2018 05/07/18 Sold -- -- --
03/28/2018 03/28/18 Pending -- -- --
03/26/2018 03/26/18 For Sale $319,990 -- $74 / Sq Ft
Source: North Texas Real Estate Information Systems (NTREIS)

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 $11,416 $508,760 $25,000 $483,760
2023 $12,143 $536,648 $25,000 $511,648
2022 $8,998 $346,147 $25,000 $321,147
2021 $9,567 $348,758 $25,000 $323,758
2020 $8,652 $326,891 $25,000 $301,891
2019 $8,780 $319,183 $25,000 $294,183
2018 $6,446 $234,317 $25,000 $209,317
2017 $6,507 $229,698 $25,000 $204,698
2016 $4,745 $167,498 $25,000 $142,498
2015 $4,658 $164,100 $24,700 $139,400
2014 $4,658 $164,100 $24,700 $139,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: North Texas Real Estate Information Systems (NTREIS)

MLS Number: 20526034

North Texas Real Estate Information Systems (NTREIS)

APN: 04813235