NOT LISTED FOR SALE

8953 County Road 864 Princeton, TX 75407

Estimated Value: $663,000 - $1,267,000

14 Beds
7 Baths
1,840 Sq Ft
$590/Sq Ft Est. Value

Last Sold February 02, 2023

Current estimated payment $6,541/month

89 Days on Market

Highlights

  • Accessory Dwelling Unit (ADU)
  • 2.2 Acre Lot
  • Deck
  • RV Access or Parking
  • Open Floorplan
  • Circular Driveway

About This Home

As of February 2023

Here is your opportunity to invest a multi-unit property comprising of a main house with a mother-in-law suite, A two story stand alone unit, and four tiny house units plus two RV Trailers that will stay with the property that are currently rented out with space for more units to park. The main house is owner occupied and is not included in the monthly income statement but is included in the expenses. This community is tight knit with all the units rented except the main house. Additional income opportunities are available with more RV hookups available there is also room for boat or large vehicle storage. Do not show with out an appointment. Please provide proof of funds or financing letter prior to showing.

Last Agent to Sell the Property

Wilson Roberts

INC Realty, LLC Brokerage Phone: 817-718-2202 License #0597553 Listed on: 09/22/2022

INC Realty, LLC

Last Buyer's Agent

Non-NTREIS MLS Licensee

NON MLS

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1985

Lot Details

  • 2.2 Acre Lot
  • Landscaped
  • Irregular Lot
  • Few Trees
  • Garden
  • Large Grassy Backyard

Home Design

  • Pillar, Post or Pier Foundation
  • Composition Roof
  • Siding

Interior Spaces

  • 1-Story Property
  • Open Floorplan
  • Built-In Features
  • Decorative Fireplace
  • Electric Range

Flooring

  • Carpet
  • Linoleum
  • Ceramic Tile

Bedrooms and Bathrooms

  • 14 Bedrooms
  • 7 Full Bathrooms

Parking

  • 15 Parking Spaces
  • Aggregate Flooring
  • Circular Driveway
  • Gravel Driveway
  • Outside Parking
  • RV Access or Parking

Outdoor Features

  • Deck
  • Outdoor Storage

Additional Homes

  • Accessory Dwelling Unit (ADU)
  • 2,392 SF Accessory Dwelling Unit

Schools

  • Harper Elementary School
  • Southard Middle School
  • Princeton High School

Utilities

  • Window Unit Cooling System
  • Central Air
  • Space Heater
  • Co-Op Electric
  • Co-Op Water
  • Aerobic Septic System
  • Cable TV Available

Community Details

  • 6 Buildings
  • 6 Units
  • 1,840 Sq Ft Building
  • Ramblewood Subdivision

Listing and Financial Details

  • Tax Lot 28
  • Assessor Parcel Number R-1245-000-0280-1

Property Details

Home Type

Multi-Family

Year Built

Built in 1985

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multiple Single Units
  • Unit Levels: One
  • Accessory Dwelling Type: Guest Quarters
  • Year Built Details: Preowned
  • Multi Parcel I D Y N: No
  • Municipal Utility District Y N: No
  • Net Operation Income: 38904
  • Will Subdivide: No
  • Accessibility Features Yn: No
  • Accessory Unit Sq Ft: 2392
  • Accessory Unit YN: Yes
  • Ratio Current Price By Building: 407.60870
  • Attribution Contact: 817-718-2202
  • Special Features: None
  • Year Built: 1985

Interior Features

  • Fireplace Features: Decorative
  • Interior Amenities: Built-in Features, Cable TV Available, Open Floorplan, Pantry
  • Flooring: Carpet, Ceramic Tile, Linoleum
  • Appliances: Electric Range
  • Basement YN: No

Beds/Baths

  • Full Bathrooms: 7
  • Total Bedrooms: 14

Exterior Features

  • Pool: No
  • Foundation: Pillar/Post/Pier, Other
  • Roof: Composition
  • Construction Materials: Fiber Cement, Siding
  • Exterior Features: Garden(s), RV Hookup, RV/Boat Parking, Storage
  • Waterfront: No
  • Patio And Porch Features: Deck

Garage/Parking

  • Cooling System: Central Air, Electric, Window Unit(s)
  • Number Of Parking Spaces: 15
  • Parking Features: Aggregate, Circular Driveway, Gravel, On Site, Outside, RV Access/Parking, Storage
  • Attached Garage YN: No
  • GarageYN: No

Utilities

  • Heating: Electric, Space Heater
  • Utilities: Aerobic Septic, Co-op Electric, Co-op Water

Condo/Co-op/Association

  • Complex Name: Kingdom Estates
  • Association Type: None

Schools

  • School District: Princeton ISD
  • Elementary School: Harper

Lot Info

  • Lot Size: 1 to < 3 Acres
  • Lot Features: Few Trees, Irregular Lot, Landscaped, Lrg. Backyard Grass, Tank/ Pond
  • Lot Size Units: Acres
  • Lot Size Area: 2.1960
  • Parcel Number: R-1245-000-0280-1
  • Lot Size Acres: 2.1960
  • Lot Size Sq Ft: 95657.7600

Green Features

  • Smart Home Features Appor Pass Y: No

Building Info

  • Year Built: 1985
  • Units Total: 6

Multi Family

  • Gross Annual Expenses: 29184.00
  • Gross Annual Income: 76800.00
  • Insurance Expense: 8712
  • Tenancy: Lease While on Market
  • Unit Count: 6

Tax Info

  • Tax Lot: 28

MLS Schools

  • Middle School Name: Southard
  • Elementary School Name: Harper
  • High School Name: Princeton

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 22, 2022
Closed on
Feb 10, 2023
Sold by
Rehab Holdings Llc
Bought by
Sani Enterprises Llc
Seller's Agent
Wilson Roberts
INC Realty, LLC
Buyer's Agent
Non-NTREIS MLS Licensee
NON MLS
List Price
$987,000
Views
34
Current Estimated Value
$1,084,690

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.34%
Original Mortgage
$500,000
Outstanding Balance
$483,708
Interest Rate
6.12%
Mortgage Type
New Conventional
Estimated Equity
$600,982

Purchase Details

Closed on
Feb 13, 2020
Sold by
Kingdom Associates Llc
Bought by
Rehab Holdings Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$350,561
Interest Rate
3.72%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 7, 2018
Sold by
Texan Mutual Llc
Bought by
Kingdom Associates Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$137,200
Interest Rate
4.5%
Mortgage Type
Commercial
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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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
Sani Enterprises Llc -- --
Rehab Holdings Llc -- None Available
Kingdom Associates Llc -- None Available
Texas Mutual Llc -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sani Enterprises Llc $500,000
Previous Owner Rehab Holdings Llc $350,561
Previous Owner Kingdom Associates Llc $137,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/02/2023 02/02/23 Sold -- -- --
01/07/2023 01/07/23 Off Market -- -- --
12/20/2022 12/20/22 Pending -- -- --
09/22/2022 09/22/22 For Sale $987,000 -- $536 / 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
2025 $10,020 $689,932 $219,590 $470,342
2024 $10,020 $674,424 $175,672 $498,752
2023 $10,020 $624,180 $153,713 $470,467
2022 $9,000 $536,838 $131,754 $405,084
2021 $7,655 $447,782 $98,816 $348,966
2020 $3,943 $216,119 $79,052 $137,067
2019 $4,020 $213,598 $79,052 $134,546
2018 $1,444 $76,337 $43,918 $76,256
2017 $1,313 $108,321 $36,232 $72,089
2016 $1,205 $63,088 $36,232 $26,856
2015 $528 $62,743 $36,232 $26,511
Source: Public Records

Agents Affiliated with this Home

  • Wilson Roberts

    Seller's Agent in 2023

    Wilson Roberts

    INC Realty, LLC

    (972) 351-1095

    1 in this area

    64 Total Sales

    Wilson Roberts
    Section Image

  • N

    Buyer's Agent in 2023

    Non-NTREIS MLS Licensee

    NON MLS

See All Agents

Map

Source: North Texas Real Estate Information Systems (NTREIS)

MLS Number: 20170514

North Texas Real Estate Information Systems (NTREIS)

APN: R-1245-000-0280-1

Texas Collin County Princeton 75407

8953 County Road 864, Princeton, TX

Not Listed for Sale

MultiFamily

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