NOT LISTED FOR SALE

823 W Martin Luther King Dr San Marcos, TX 78666

Dunbar Neighborhood
-- Bed
-- Bath
1,390 Sq Ft
0.28 Acres

Last Sold April 12, 2024

14 Days on Market

Highlights

  • Adjacent to Greenbelt
  • No HOA
  • 1-Story Property
  • Park or Greenbelt View
  • Park
  • 1-minute walk to Dunbar Park

About This Home

As of April 2024

Incredible opportunity to own a unique investment property blocks away from downtown San Marcos! Public Zoning on this lot provides incredible multi-use potential! e.g. short-term rental, Bed & Breakfast, coffee & taco spot, and more! Immediate neighbor to beautiful Dunbar Park. Two separately metered houses on one lot - #825 is approximately 600 sqft, 1 bedroom & 1 full bath, and move-in ready with appliances. #823 is approximately 750 sqft and was recently remodeled including adding a bedroom and full bath - upgraded from a 2/1 to 3 bedrooms and 2 full bathrooms! Other big updates include a brand new kitchen, foundation work, new luxury vinyl flooring, all new plumbing, updated bathrooms, new windows & doors, new privacy fence for defined yard space, and more! Laundry hook-ups are available inside both units. Income or business opportunity with convenient access to Downtown San Marcos, Texas State, Wonder World, river access, and more - schedule a tour today!

Last Agent to Sell the Property

Karl Haussmann

Compass RE Texas, LLC Brokerage Phone: (512) 241-1300 License #0502123 Listed on: 02/07/2024

Compass RE Texas, LLC

Last Buyer's Agent

Karl Haussmann

Compass RE Texas, LLC Brokerage Phone: (512) 241-1300 License #0502123 Listed on: 02/07/2024

Compass RE Texas, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,472

Lot Details

  • 0.28 Acre Lot
  • Adjacent to Greenbelt
  • Northwest Facing Home
  • Partially Fenced Property
  • Wood Fence
  • Cleared Lot
  • Few Trees
  • Property is in average condition

Home Design

  • Pillar, Post or Pier Foundation
  • Frame Construction
  • Metal Roof

Interior Spaces

  • 1,390 Sq Ft Home
  • 1-Story Property
  • Park or Greenbelt Views
  • Fire and Smoke Detector

Kitchen

  • Electric Range
  • Dishwasher

Laundry

  • Dryer
  • Washer

Parking

  • Private Parking
  • Driveway

Schools

  • Hernandez Elementary School
  • Miller Middle School
  • San Marcos High School

Additional Features

  • City Lot
  • Central Heating and Cooling System

Listing and Financial Details

  • The owner pays for taxes
  • Assessor Parcel Number 1128951100009003

Community Details

Overview

  • No Home Owners Association
  • Farm Lt Subdivision

Recreation

  • Park

Pet Policy

  • Call for details about the types of pets allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,472

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: See Remarks
  • Direction Faces: Northwest
  • Directions: From I35 exit Guadalupe St and head North, turn Right onto E Grove St, turn Left onto S LBJ Dr, turn Left onto E Martin Luther King Dr, continue on MLK Dr, the houses are on the left immediately after passing Dunbar Park & Armstead St.
  • Disclosures: Seller Disclosure, Seller Provided Survey Available
  • Fencing: Partial, Wood
  • Levels: One
  • Living Area: 1390
  • Other Equipment: See Remarks
  • Other Structures: None
  • Special Listing Conditions: Standard
  • Attribution Contact: (512) 241-1300
  • Attribution Contact: (512) 241-1300
  • ETJ Extra Territorial Jurdn: No
  • Estimated Taxes: 4472.19
  • FEMA Flood Plain: See Remarks
  • Current Price Lot Size Squ: 27.08
  • Current Price By Living Ar: 233.81
  • "Current Price By Original ": 0.93
  • List Price Lot Size Square: 29.16
  • List Price By Living Area: 251.80
  • List Price By Original Lis: 1.00
  • Restrictions: See Remarks
  • Tax Exemptions: None
  • Unit Mix: See Remarks
  • Special Features: VirtualTour

Interior Features

  • Interior Amenities: See Remarks
  • View: Park/Greenbelt
  • Accessibility Features: None
  • Appliances: Dishwasher, Dryer, Electric Range, Refrigerator, Washer
  • Property Condition: Resale, Fair
  • Security Features: Smoke Detector(s)
  • ResoLivingAreaSource: PublicRecords
  • Laundry Location: In Unit,See Remarks

Exterior Features

  • Roof: Metal
  • Foundation: Pillar/Post/Pier
  • Patio And Porch Features: None
  • Waterfront Features: None
  • Waterfront: No

Garage/Parking

  • Parking Features: Driveway, Private

Utilities

  • Sewer: Public Sewer
  • Utilities: Electricity Connected, Natural Gas Available, Sewer Connected, Water Connected
  • Heating: Central
  • Water Source: Public
  • Cooling: Central Air
  • Meter Description: Electric Separate,Gas Separate,Water Separate

Association/Amenities

  • Association: No
  • Community Features: Park

Schools

  • Elementary School: Hernandez
  • High School: San Marcos
  • Middle/Junior School: Miller
  • Junior High Dist: San Marcos ISD

Lot Info

  • Lot Features: Back to Park/Greenbelt, City Lot, Cleared, Few Trees, Public Maintained Road
  • Parcel Number: 1128951100009003
  • Lot Size Acres: 0.2755
  • Lot Size Sq Ft: 12000.78
  • Subdivision Name: Farm Lt

Rental Info

  • Owner Pays: Taxes
  • Total Actual Rent: 1500
  • Pets Allowed: Call

Building Info

  • Construction Materials: Frame
  • New Construction: No

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 4472.19
  • Tax Filled Sqft Total: 1390

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/12/2024 04/12/24 Sold -- -- --
02/22/2024 02/22/24 Pending -- -- --
02/07/2024 02/07/24 For Sale $349,999 +67.9% $252 / Sq Ft
08/20/2021 08/20/21 Sold -- -- -- View Prior Sale
07/21/2021 07/21/21 Pending -- -- --
06/23/2021 06/23/21 For Sale $208,500 -- $150 / Sq Ft
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 -- $225,700 $56,080 $169,620
2024 $4,511 $229,180 $56,080 $173,100
2023 $4,159 $218,680 $54,530 $164,150
2022 $2,832 $138,200 $40,430 $97,770
2021 $2,335 $105,940 $25,210 $80,730
2020 $2,159 $91,810 $21,600 $70,210
2019 $2,204 $89,530 $21,600 $67,930
2018 $1,536 $62,100 $9,000 $53,100
2017 $1,469 $61,090 $4,500 $56,590
2016 $1,377 $57,290 $4,500 $52,790
2015 -- $54,180 $4,500 $49,680
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Unlock MLS (Austin Board of REALTORS®)

MLS Number: 5134010

Unlock MLS (Austin Board of REALTORS®)

APN: R27341