NOT LISTED FOR SALE

Estimated Value: $1,263,714

-- Bed
4 Baths
4,270 Sq Ft
$296/Sq Ft Est. Value

Last Sold September 14, 2021

Current estimated payment $8,819/month

65 Days on Market

Highlights

  • Wood Flooring
  • Corner Lot
  • Wood Frame Window
  • Bryker Woods Elementary School Rated A
  • No HOA
  • Porch

About This Home

As of September 2021

4 units on one lot. Very liberal height restrictions on lot for future development. Side facing 28th is the original units from 1925 and maintains many of the original features including the wood floors. These units are both 3 bed 1 bath. The side facing Salado has two units each one being 2 bed 1 bath. There is a communal laundry room between them. There is 4 off street parking spaces for each side, total of 8 off street spaces. There is tremendous potential for development if the buyer chooses to go that route. Looking what has gone on around it seems you can go up a ways. Will show inside units when under contract. Please do not disturb tenants.s. Rents are as follows Salado A $1260. Ex date 07/21/2021, Salado B $1250. ex date 05/31/2022, 28th A $1495 ex date 03/31/2022 and 28th B $2125 ex date 07/21/2021. Total rent is $5920 a month.

Last Agent to Sell the Property

Tom Mahnke

Austin Property Team License #0540701 Listed on: 06/23/2021

Last Buyer's Agent

Michael Mogavero

Compass RE Texas, LLC License #0743205

Compass RE Texas, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,198

Year Built

  • Built in 1925

Lot Details

  • 6,273 Sq Ft Lot
  • East Facing Home
  • Corner Lot
  • Property is in average condition

Home Design

  • Quadruplex
  • Pillar, Post or Pier Foundation
  • Slab Foundation
  • Composition Roof
  • Vertical Siding
  • Stone Siding
  • Stucco

Interior Spaces

  • 4,270 Sq Ft Home
  • 2-Story Property
  • Built-In Features
  • Decorative Fireplace
  • Wood Frame Window
  • Aluminum Window Frames
  • Dryer Hookup

Kitchen

  • Oven
  • Range
  • Dishwasher

Flooring

  • Wood
  • Carpet
  • Laminate

Parking

  • 8 Parking Spaces
  • Off-Street Parking

Outdoor Features

  • Porch

Schools

  • Bryker Woods Elementary School
  • O Henry Middle School
  • Austin High School

Utilities

  • Central Heating and Cooling System
  • Municipal Utilities District Water

Listing and Financial Details

  • Assessor Parcel Number 02150201120000

Community Details

Overview

  • No Home Owners Association
  • Division D Subdivision

Amenities

  • Laundry Facilities

Pet Policy

  • Dogs and Cats Allowed
  • Small pets allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,198

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Quadruplex
  • Year Built: 1925
  • Direction Faces: East
  • Directions: House is on SW corner of 28th and Salado.
  • Disclosures: None
  • Fencing: None
  • Fireplaces: 1
  • Green Energy Efficient: None
  • Green Sustainability: None
  • Levels: Two
  • Living Area: 4270
  • Other Equipment: Dryer Connections, Varies by Unit
  • Other Structures: See Remarks
  • Special Listing Conditions: Standard
  • ETJ Extra Territorial Jurdn: No
  • Estimated Taxes: 21457.00
  • FEMA Flood Plain: See Remarks
  • Restrictions: Deed Restrictions
  • Tax Exemptions: None
  • Unit Mix: 2/1,3/1
  • Special Features: None

Interior Features

  • Interior Amenities: Built-in Features
  • View: None
  • Flooring: Carpet, Laminate, Wood
  • Fireplace Features: Decorative
  • Accessibility Features: None
  • Appliances: Dishwasher, Oven, Range, Free-Standing Refrigerator
  • Property Condition: See Remarks, Average
  • Security Features: None
  • Window Features: Aluminum Frames, Wood Frames
  • ResoLivingAreaSource: PublicRecords
  • Laundry Location: Laundry Room

Exterior Features

  • Exterior Features: Exterior Steps
  • Roof: Composition
  • Foundation: Pillar/Post/Pier, Slab
  • Patio And Porch Features: Porch, See Remarks
  • Waterfront: No

Garage/Parking

  • Parking Features: Off Street
  • Total Parking Spaces: 8

Utilities

  • Sewer: Public Sewer
  • Utilities: Electricity Connected
  • Heating: Central
  • Water Source: MUD
  • Cooling: Central Air
  • Meter Description: See Remarks

Association/Amenities

  • Association: No
  • Community Features: Laundry Room

Schools

  • Elementary School: Bryker Woods
  • High School: Austin
  • Middle/Junior School: O Henry
  • Junior High Dist: Austin ISD

Lot Info

  • Lot Features: Corner Lot
  • Parcel Number: 02150201120000
  • Lot Size Acres: 0.144
  • Lot Size Sq Ft: 6272.64
  • Subdivision Name: Division D

Rental Info

  • Owner Pays: None
  • Total Actual Rent: 5920
  • Pets Allowed: Cats OK, Dogs OK, Small (< 20 lbs)

Building Info

  • Construction Materials: Vertical Siding, Stone, Stucco
  • New Construction: No

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 12198
  • Tax Map Number: 19,20
  • Tax Filled Sqft Total: 4270
  • Tax Rate: 2.22667000000000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 31, 2006
Sold by
Jorie Butler Kent 2004 Trust
Bought by
Intellectual Property Management Ii
Current Estimated Value
$1,263,714

Purchase Details

Closed on
Dec 28, 2000
Sold by
Property Partners I Ltd
Bought by
Revocab Kent Jorie Butler and Jorie Butler Kent 1982 Revocable Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$334,800
Interest Rate
7.08%
Mortgage Type
Purchase Money Mortgage
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
Intellectual Property Management Ii -- Chicago Title Insurance Comp
Revocab Kent Jorie Butler -- Austin Title
Property Partners I Ltd -- Austin Title Company
Property Partners I Ltd -- Austin Title Company
Property Partners Management Llc -- Austin Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Intellectual Property Management Ii $400,000
Previous Owner Kent Jorie Butler $240,600
Previous Owner Revocab Kent Jorie Butler $334,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/14/2021 09/14/21 Sold -- -- --
08/27/2021 08/27/21 Pending -- -- --
08/05/2021 08/05/21 Price Changed $1,498,000 -14.3% $351 / Sq Ft
07/08/2021 07/08/21 Price Changed $1,748,000 -12.1% $409 / Sq Ft
06/23/2021 06/23/21 For Sale $1,988,000 0.0% $466 / Sq Ft
10/03/2014 10/03/14 Rented $1,095 -8.4% --
10/03/2014 10/03/14 Under Contract -- -- --
09/12/2014 09/12/14 For Rent $1,195 -- --
Source: Unlock MLS (Austin Board 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 $23,361 $1,060,095 $537,133 $522,962
2023 $22,755 $1,338,000 $600,000 $738,000
2022 $30,574 $1,338,000 $600,000 $738,000
2021 $18,191 $835,704 $390,000 $445,704
2020 $11,831 $551,611 $390,000 $161,611
2018 $12,213 $551,611 $377,869 $173,742
2017 $12,357 $554,080 $390,000 $164,080
2016 $14,925 $669,226 $350,000 $319,226
2015 $12,157 $589,568 $230,736 $358,832
2014 $12,157 $510,828 $230,736 $280,092
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Unlock MLS (Austin Board of REALTORS®)

MLS Number: 9320614

Unlock MLS (Austin Board of REALTORS®)

APN: 208086