NOT LISTED FOR SALE

Estimated Value: $645,000 - $985,000

-- Bed
8 Baths
4,330 Sq Ft
$182/Sq Ft Est. Value

Last Sold October 14, 2021

Current estimated payment $5,317/month

6 Days on Market

Highlights

  • Horses Allowed On Property
  • Granite Countertops
  • Walk-In Closet
  • Mature Trees
  • No HOA
  • Patio

About This Home

As of October 2021

Location location location! HOT zipcode. Cashflow and appreciation! This fourplex located close to the Domain, FC, and many of Austin's hotspots will grasp your attention at first glance. No expensive HOA unlike some nearby! Desireable units each with private yards and private laundry connections. Take a step inside and you will immediately notice that units B and D have been remodeled, and unit C has had the primary shower and bath floor remodeled! Enjoy some peace of mind knowing that the property has been professionally managed and most of the AC'S and water heaters have been replaced. All units in this high cash flow fourplex are occupied, mainly with long term tenants. Units lease quickly when they come up. Good rents with some opportunity for increase. At present looking at about 6% cap rate! Two units are month to month in case you'd like to house hack and move in, but wanting to renew if possible.

Last Agent to Sell the Property

Lily Clason

Compass RE Texas, LLC License #0598908 Listed on: 09/04/2021

Compass RE Texas, LLC

Last Buyer's Agent

Shelly Stallings

Nestplus Realty License #0739015

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,828

Year Built

  • Built in 1972

Lot Details

  • 0.26 Acre Lot
  • Northeast Facing Home
  • Mature Trees
  • Many Trees
  • Back Yard Fenced and Front Yard

Home Design

  • Brick Exterior Construction
  • Slab Foundation
  • Shingle Roof
  • Composition Roof
  • HardiePlank Type

Interior Spaces

  • Walk-In Closet
  • 4,330 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Window Screens
  • Fire and Smoke Detector

Kitchen

  • Oven
  • Cooktop
  • Dishwasher
  • Granite Countertops
  • Laminate Countertops
  • Disposal

Flooring

  • Carpet
  • Tile
  • Vinyl

Laundry

  • Laundry in unit
  • Washer and Electric Dryer Hookup

Parking

  • 10 Parking Spaces
  • Parking Lot

Schools

  • Wooldridge Elementary School
  • Burnet Middle School
  • Navarro Early College High School

Utilities

  • Central Heating and Cooling System
  • Vented Exhaust Fan
  • Shared Gas Meter

Additional Features

  • Patio
  • Horses Allowed On Property

Listing and Financial Details

  • Legal Lot and Block 2 / O
  • Assessor Parcel Number 02421215110000
  • 2% Total Tax Rate

Community Details

Overview

  • No Home Owners Association
  • Quail Creek Ph 02 Sec 03 Subdivision
  • The community has rules related to deed restrictions

Pet Policy

  • Dogs and Cats Allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,828

Year Built

Built in 1972

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Quadruplex
  • Restrictions: Deed Restrictions
  • Unit Mix: See Remarks
  • Year Built: 1972
  • Direction Faces: NE
  • Directions: From 183 head North on Peyton Gin. Take a left on Tronewood Dr and this property is on the right.
  • Disclosures: Lead Base Paint Addendum, Other Disclosures
  • Estimated Taxes: 12229.00
  • ETJ Extra Territorial Jurdn: No
  • FEMA Flood Plain: No
  • Fencing: Back Yard, Fenced, Wood
  • Green Energy Efficient: None
  • Green Sustainability: None
  • Home Sale Contingency: No
  • Intermediary: Yes
  • Levels: Two
  • Living Area: 4330.00
  • Other Equipment: None
  • Other Structures: None
  • Special Listing Conditions: Standard
  • Special Features: None

Interior Features

  • Interior Amenities: Ceiling Fan(s), Counter-Granite, Counter-Laminate, Electric Dryer Hookup, Interior Steps, Walk-In Closet(s), Washer Hookup
  • Laundry Location: In Unit
  • View: None
  • Flooring: Carpet, Tile, Vinyl
  • Accessibility Features: None
  • Appliances: Cooktop, Dishwasher, Disposal, Exhaust Fan, Oven, Refrigerator
  • Property Condition: Resale
  • Security Features: Smoke Detector(s)
  • Window Features: Screens

Exterior Features

  • Exterior Features: Private Yard
  • Roof: Composition, Shingle
  • Foundation: Slab
  • Patio And Porch Features: Patio
  • Waterfront: No

Garage/Parking

  • Parking Features: Parking Lot
  • Total Parking Spaces: 10.00

Utilities

  • Sewer: Public Sewer
  • Utilities: Electricity Connected, Sewer Connected, Water Connected
  • Heating: Central
  • Meter Description: Gas Common
  • Water Source: Public
  • Cooling: Ceiling Fan(s), Central Air

Association/Amenities

  • Association: No
  • Community Features: None

Schools

  • School District: Austin ISD
  • Elementary School: Wooldridge
  • High School: Navarro Early College
  • Middle/Junior School: Burnet (Austin ISD)

Lot Info

  • Lot Features: Back Yard, Front Yard, Trees-Large (Over 40 Ft), Many Trees
  • Parcel Number: 02421215110000
  • Lot Size Acres: 0.2620
  • Lot Size Sq Ft: 11412.72
  • Subdivision Name: Quail Creek Ph 02 Sec 03

Rental Info

  • Total Actual Rent: 5390.00
  • Pets Allowed: Cats OK, Dogs OK

Building Info

  • Construction Materials: Brick, HardiPlank Type
  • New Construction: No

Tax Info

  • Tax Block: O
  • Tax Filled Sqft Total: 4330
  • Tax Lot: 2
  • Tax Rate: 2.22667000000000
  • Tax Year: 2021
  • Tax Annual Amount: 10828.00
  • Tax Exemptions: None

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 4, 2021
Closed on
Oct 12, 2021
Sold by
Chatterjee Surojit and Chatterjee Sarichayita
Bought by
Tang Xinming and Sun Lin
Seller's Agent
Lily Clason
Compass RE Texas, LLC
Buyer's Agent
Shelly Stallings
Nestplus Realty
List Price
$749,000
Current Estimated Value
$787,605

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-0.96%
Original Mortgage
$615,000
Outstanding Balance
$564,461
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$223,144

Purchase Details

Closed on
May 10, 2019
Sold by
Chatterjee Surojit and Chatterjee Sanchayita
Bought by
The Chatterjee Family Revocable Trust

Purchase Details

Listed on
Jun 1, 2018
Closed on
Jul 6, 2018
Sold by
Sorensen Muriel F and Sorensen Theodore J
Bought by
Chatterjee Surojit and Chatterjee Sanchayita
Seller's Agent
John Buono
Buono & Associates
Buyer's Agent
Lily Clason
Compass RE Texas, LLC
List Price
$565,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.50%
Original Mortgage
$425,250
Interest Rate
4.75%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Mar 29, 2007
Sold by
Wernick T D
Bought by
Sorensen Theodore J and Sorensen Muriel F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$254,850
Interest Rate
6.3%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 29, 2001
Sold by
Oak Lane Investment Trust
Bought by
Wernick T D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$228,536
Interest Rate
7%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 1, 1999
Sold by
Croy Thom
Bought by
Logan Scott R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$162,000
Interest Rate
8.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 20, 1995
Sold by
Kramer Cortez
Bought by
Croy Thomas F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$158,650
Interest Rate
7.6%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Tang Xinming -- Texas National Title
The Chatterjee Family Revocable Trust -- None Available
Chatterjee Surojit -- None Available
Sorensen Theodore J -- Multiple
Wernick T D -- Commonwealth Land Title
Logan Scott R $165,000 --
Croy Thomas F -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Tang Xinming $615,000
Previous Owner Chatterjee Surojit $402,000
Previous Owner Chatterjee Surojit $425,250
Previous Owner Sorensen Theodore J $252,420
Previous Owner Sorensen Theodore J $254,850
Previous Owner Wernick T D $228,536
Previous Owner Logan Scott R $162,000
Previous Owner Croy Thomas F $158,650
Closed Wernick T D $28,567
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/14/2021 10/14/21 Sold -- -- --
09/10/2021 09/10/21 Pending -- -- --
09/04/2021 09/04/21 For Sale $749,000 +32.6% $173 / Sq Ft
07/09/2018 07/09/18 Sold -- -- -- View Prior Sale
06/07/2018 06/07/18 Pending -- -- --
06/01/2018 06/01/18 For Sale $565,000 -- $130 / 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 $14,140 $636,612 $214,996 $421,616
2023 $14,140 $635,000 $275,000 $360,000
2022 $14,276 $722,870 $275,000 $447,870
2021 $11,954 $549,200 $125,000 $424,200
2020 $10,430 $486,266 $125,000 $361,266
2018 $8,951 $404,300 $125,000 $279,300
2017 $8,788 $394,059 $75,000 $319,059
2016 $8,539 $382,903 $60,000 $322,903
2015 $5,222 $264,251 $25,300 $238,951
2014 $5,222 $219,425 $25,300 $194,125
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Unlock MLS (Austin Board of REALTORS®)

MLS Number: 1000078

Unlock MLS (Austin Board of REALTORS®)

APN: 247289