E
Seller's Agent in 2024
Enrique Moreno
eXp Realty LLC
Estimated Value: $270,577
Studio
14
Baths
5,520
Sq Ft
$49/Sq Ft
Est. Value
Highlights
- Built-In Features
- 1-Story Property
- Vinyl Flooring
- Cooling Available
- Board and Batten Siding
- Heating Available
About This Home
As of March 2024This offering is available for $278,888 up until February 28. Without a signed contract before deadline, the Seller plans to rehab the subject property. So, get this property while it can be yours! Moreover, this apartment building has a $950,000 Official Appraised After-Repair Value (per Barletta and Associates, Inc.). Projected NOI after year 1 following stabilization is projected to be $82,540 (per appraisal). Rehab and purchase the property for $678,888 in order to obtain a property with over a 12% cap rate on account of the $82,540 NOI. The property is located only 45 minutes from Dallas city limits and is close to multiple municipalities offering ample job opportunities for tenants (especially in the retail and manufacturing sectors). Contact agent for access to link for obtaining a virtual tour of the property.
Last Agent to Sell the Property
Enrique Moreno
eXp Realty LLC Brokerage Phone: 888-519-7431 License #0690132 Listed on: 11/15/2023
Last Buyer's Agent
Enrique Moreno
eXp Realty LLC Brokerage Phone: 888-519-7431 License #0690132 Listed on: 11/15/2023
Property Details
Home Type
- Apartment
Year Built
- Built in 1955
Lot Details
- 40,946 Sq Ft Lot
HOA Fees
- $5 Monthly HOA Fees
Parking
- Gravel Driveway
Home Design
- Brick Exterior Construction
- Slab Foundation
- Frame Construction
- Shingle Roof
- Board and Batten Siding
Interior Spaces
- 1-Story Property
- Built-In Features
- Vinyl Flooring
- Electric Cooktop
Schools
- Malakoff Elementary And Middle School
- Malakoff High School
Utilities
- Cooling Available
- Heating Available
- Electric Water Heater
Community Details
- Association fees include management
- 13 Units
- 5,520 Sq Ft Building
- Paradise Bay Property Association
- Paradise Bay Subdivision
Listing and Financial Details
- Assessor Parcel Number 37450000708063
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Sep 29, 2023
Sold by
Jdctoolapartments Llc
Bought by
Montfort Foundation
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$105,000
Interest Rate
7.09%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jul 12, 2022
Sold by
Cooksey John D
Bought by
Jdc Real Estate Investing Llc
Purchase Details
Listed on
Aug 17, 2021
Closed on
Dec 29, 2021
Sold by
Cooksey John D and Cooksey Sharon K
Bought by
Jdetoolapartments Llc
Seller's Agent
Brandon Richards
EXP REALTY
Buyer's Agent
Meagan Cash
TEXAS PROUD REAL ESTATE LLC
List Price
$575,000
Purchase Details
Closed on
Oct 30, 2019
Sold by
Double Ll Investments Llc
Bought by
Fearless Holdings Llc Series 901 S Tool
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$208,000
Interest Rate
3.65%
Mortgage Type
New Conventional
Purchase Details
Closed on
Dec 16, 2015
Sold by
Hamel Calvin B and Hamel Joanne
Bought by
Double Ll Investments Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$132,600
Interest Rate
3.88%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
May 8, 2000
Sold by
Drewniok Max
Bought by
Double Ll Investments Llc
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Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Montfort Foundation | -- | Exodus Title Llc | |
| Jdc Real Estate Investing Llc | -- | None Listed On Document | |
| Jdetoolapartments Llc | -- | None Available | |
| Fearless Holdings Llc Series 901 S Tool | -- | None Available | |
| Double Ll Investments Llc | -- | East Texas Title Company | |
| Double Ll Investments Llc | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Montfort Foundation | $105,000 | |
| Previous Owner | Fearless Holdings Llc Series 901 S Tool | $208,000 | |
| Previous Owner | Double Ll Investments Llc | $132,600 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 03/01/2024 03/01/24 | Sold | -- | -- | -- | |
| 02/06/2024 02/06/24 | Pending | -- | -- | -- | |
| 01/16/2024 01/16/24 | For Sale | $278,888 | 0.0% | $51 / Sq Ft | |
| 12/27/2023 12/27/23 | Pending | -- | -- | -- | |
| 12/19/2023 12/19/23 | Price Changed | $278,888 | +1.4% | $51 / Sq Ft | |
| 11/15/2023 11/15/23 | For Sale | $275,000 | -47.1% | $50 / Sq Ft | |
| 11/30/2021 11/30/21 | Sold | -- | -- | -- | View Prior Sale |
| 11/18/2021 11/18/21 | Pending | -- | -- | -- | |
| 10/21/2021 10/21/21 | Price Changed | $520,000 | -2.8% | $94 / Sq Ft | |
| 09/15/2021 09/15/21 | Price Changed | $535,000 | -3.6% | $97 / Sq Ft | |
| 08/31/2021 08/31/21 | Price Changed | $555,000 | -3.5% | $101 / Sq Ft | |
| 08/28/2021 08/28/21 | For Sale | $575,000 | 0.0% | $104 / Sq Ft | |
| 08/19/2021 08/19/21 | Pending | -- | -- | -- | |
| 08/17/2021 08/17/21 | For Sale | $575,000 | -- | $104 / Sq Ft |
Source: North Texas Real Estate Information Systems (NTREIS)
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 |
|---|---|---|---|---|
| 2023 | $2,749 | $152,165 | $6,580 | $145,585 |
| 2022 | $3,295 | $154,120 | $6,580 | $147,540 |
| 2021 | $3,339 | $154,120 | $6,580 | $147,540 |
| 2020 | $3,486 | $154,120 | $6,580 | $147,540 |
| 2019 | $3,793 | $162,880 | $15,340 | $147,540 |
| 2018 | $3,543 | $152,150 | $15,340 | $136,810 |
| 2017 | $3,444 | $149,470 | $15,340 | $134,130 |
| 2016 | $3,444 | $149,470 | $15,340 | $134,130 |
| 2015 | $3,407 | $149,470 | $15,340 | $134,130 |
| 2014 | $3,375 | $149,470 | $15,340 | $134,130 |
Source: Public Records
Agents Affiliated with this Home
-
-
B
Seller's Agent in 2021
Brandon Richards
EXP REALTY
-
M
Buyer's Agent in 2021
Meagan Cash
TEXAS PROUD REAL ESTATE LLC
Map
Source: North Texas Real Estate Information Systems (NTREIS)
MLS Number: 20478028
APN: 3745-0000-7080-63
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
Listing information provided in part by the North Texas Real Estate Information Systems, Inc, for personal, non-commercial use by viewers of this site and may not be reproduced or redistributed. All information is deemed reliable but not guaranteed. Copyright © NTREIS 2026. All rights reserved
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