NOT LISTED FOR SALE

Estimated Value: $504,000 - $609,000

Studio
4 Baths
2,102 Sq Ft
$264/Sq Ft Est. Value

Last Sold August 31, 2018

Current estimated payment $3,846/month

41 Days on Market

Highlights

  • Wooded Lot
  • 2 Fireplaces
  • Views
  • Cowan Elementary School Rated A-
  • No HOA
  • Tile Flooring

About This Home

As of August 2018

Hot 78748 with 3/2 units that have lots of rent potential! Unit B was renovated and rent increased; Fresh paint, new countertops, updated kitchen and baths, updated light fixtures. Unit A is long term tenant. New HVAC in one unit. Property has been professionally managed and leases are available. Super cash flow potential!

Last Agent to Sell the Property

Ryan Rodenbeck

Spyglass Realty License #0528651 Listed on: 06/13/2018

Spyglass Realty

Co-Listed By

Sunny Tracey

Spyglass Realty License #0624298

Last Buyer's Agent

Paul Smith

Twelve Rivers Realty License #0547129

Twelve Rivers Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,407

Year Built

  • Built in 1984

Lot Details

  • 9,757 Sq Ft Lot
  • Wood Fence
  • Wooded Lot

Parking

  • 2 Covered Spaces

Home Design

  • Brick Exterior Construction
  • Slab Foundation
  • Frame Construction
  • Composition Roof
  • Masonry Siding

Interior Spaces

  • 2,102 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • 2 Fireplaces
  • Tile Flooring
  • Free-Standing Range
  • Laundry in multiple locations
  • Property Views

Schools

  • Cowan Elementary School
  • Bailey Middle School
  • Akins High School

Utilities

  • Central Heating and Cooling System
  • Separate Meters

Community Details

  • No Home Owners Association
  • 2 Units
  • Tanglewood Forest Sec 01 Ph B Subdivision

Listing and Financial Details

  • Down Payment Assistance Available
  • Assessor Parcel Number 04282110050000
  • 3% Total Tax Rate

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,407

Year Built

Built in 1984

Lot Details

9,757 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Duplex
  • Building Area Total: 2102.00
  • Restrictions: None
  • Unit Mix: 3/2
  • Year Built: 1984
  • Directions: From downtown head south on I35, take exit 227, turn right onto W Slaughter Lane, turn right onto Manchaca Rd.
  • Estimated Taxes: 5407.00
  • FEMA Flood Plain: No
  • Fencing: Fenced, Wood
  • Fireplaces: 2
  • Guest Accommodation Description: None
  • Intermediary: Yes
  • Levels: One
  • Living Area: 2102.00
  • Property Panorama: No
  • Special Listing Conditions: Standard
  • Special Features: None

Interior Features

  • Laundry Location: Multiple Locations
  • View: See Remarks
  • Flooring: Tile
  • Accessibility Features: None
  • Appliances: Free-Standing Range, Refrigerator
  • Property Condition: Resale, See Remarks
  • Security Features: None
  • Spa Features: None

Exterior Features

  • Exterior Features: None
  • Roof: Composition
  • Foundation: Slab
  • Patio And Porch Features: None
  • Pool Features: None
  • Private Pool: No
  • View: Yes
  • Waterfront Features: None

Garage/Parking

  • Total Covered Spaces: 2.00
  • Parking Features: None

Utilities

  • Sewer: Public Sewer
  • Utilities: Electricity Available, Natural Gas Available
  • Heating: Central
  • Meter Description: Electric Separate
  • Water Source: Public
  • Cooling: Ceiling Fan(s), Central Air

Association/Amenities

  • Association: No
  • Community Features: None

Schools

  • School District: Austin ISD
  • Elementary School: Cowan
  • High School: Akins
  • Middle/Junior School: Bailey

Lot Info

  • Lot Features: Trees-Medium (20 Ft - 40 Ft)
  • Parcel Number: 04282110050000
  • Lot Size Acres: 0.2240
  • Lot Size Sq Ft: 9757.44
  • Subdivision Name: Tanglewood Forest Sec 01 Ph B

Rental Info

  • Furnished: Unfurnished
  • Total Actual Rent: 2410.00
  • Pets Allowed: No

Building Info

  • Construction Materials: Brick Veneer, Masonry – Partial, Frame

Multi Family

  • Number Of Units Total: 2

Tax Info

  • Tax Filled Sqft Total: 2102
  • Tax Rate: 2.56280000000000
  • Tax Year: 2014
  • Tax Annual Amount: 5407.00
  • Tax Exemptions: None

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 13, 2018
Closed on
Aug 30, 2018
Sold by
Patel Neel Bhupendra and Patel Adrienne Sweet
Bought by
Ma Joey
Seller's Agent
Ryan Rodenbeck
Spyglass Realty
Buyer's Agent
Paul Smith
Twelve Rivers Realty
List Price
$349,000
Current Estimated Value
$555,185

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.45%
Original Mortgage
$241,875
Outstanding Balance
$210,495
Interest Rate
4.5%
Mortgage Type
New Conventional
Estimated Equity
$344,690

Purchase Details

Listed on
Sep 17, 2015
Closed on
Oct 22, 2015
Sold by
Bungalow 6 Llc
Bought by
Patel Neel Bhupendra and Patel Andrienne Sweet
Seller's Agent
Keith Dennison
eXp Realty LLC
Buyer's Agent
Ryan Rodenbeck
Spyglass Realty
List Price
$290,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.16%
Original Mortgage
$204,000
Interest Rate
3.96%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 10, 2015
Sold by
Pacific Street Investments Llc
Bought by
Bungalow 6 Llc

Purchase Details

Listed on
Oct 31, 2013
Closed on
Dec 30, 2013
Sold by
Brown Mark S and Brown Nancy K
Bought by
Pacific Street Investments
Seller's Agent
Adrienne Laosa
Treaty Oak Property Management
Buyer's Agent
Non Member
Non Member
List Price
$239,900

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.68%

Purchase Details

Closed on
Jul 1, 2008
Sold by
Moaddab Mahshid
Bought by
Brown Mark S and Brown Nancy K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$156,800
Interest Rate
5.99%
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
Ma Joey -- None Available
Patel Neel Bhupendra -- Attorney
Bungalow 6 Llc -- None Available
Pacific Street Investments -- Independence Title Midtown
Brown Mark S -- Landam
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ma Joey $241,875
Previous Owner Patel Neel Bhupendra $204,000
Previous Owner Brown Mark S $156,800
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/31/2018 08/31/18 Sold -- -- --
07/25/2018 07/25/18 Pending -- -- --
06/13/2018 06/13/18 For Sale $349,000 +20.3% $166 / Sq Ft
10/26/2015 10/26/15 Sold -- -- -- View Prior Sale
09/26/2015 09/26/15 Pending -- -- --
09/17/2015 09/17/15 For Sale $290,000 +20.9% $138 / Sq Ft
12/30/2013 12/30/13 Sold -- -- -- View Prior Sale
12/16/2013 12/16/13 Pending -- -- --
10/31/2013 10/31/13 For Sale $239,900 -- $114 / Sq Ft
Source: Unlock MLS (Austin Board of REALTORS®)

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 $11,110 $486,307 $301,712 $184,595
2023 $11,605 $588,484 $275,000 $313,484
2022 $11,383 $530,318 $275,000 $255,318
2021 $9,579 $405,341 $125,000 $280,341
2020 $7,530 $322,500 $125,000 $197,500
2018 $8,039 $334,394 $100,000 $234,394
2017 $6,503 $270,350 $50,000 $220,350
2016 $6,503 $270,352 $50,000 $220,352
2015 $5,407 $222,403 $50,000 $172,403
2014 $5,407 $210,994 $50,000 $160,994
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Unlock MLS (Austin Board of REALTORS®)

MLS Number: 9218751

Unlock MLS (Austin Board of REALTORS®)

APN: 344731

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