General Description

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AN INVESTOR'S DREAM. Cash offers only. Three units are occupied with long established leases with GOOD Tenants. All four units are 3 Bedrooms and 2 Bathrooms. The building has many improvements and renovations: All appliances except washer and dryer are provided, refrigerator, stove, disposal, oven, dishwasher in each unit. Security cameras. Building is in great condition. All first floors are covered with ceramic tiles and second floors are carpeted. Total monthly gross income is $4,700 (when all four are occupied). Expenses are HOA fee $960 mo. and water/sewer/garbage of about $200 - 250/month for all (4) units. The HOA fee covers outside building maintenance, parking lot, Recreation Ctr. pool. This building was rebuilt from foundation up due to fire around 2008.

MLS#:

86909772 (HAR)

Sold Price Range:

$370,001 - $420,000

Listing Status:

Sold

Address:

12642 Ashford Meadow Drive #4

Unit No.:

4

City:

Houston

State:

TX

Zip Code:

77082

County:

Harris County

Subdivision:

Meadow/Mews Sec 01 Reserve A

Legal Description:

LT 32 MEADOWS ON THE MEWS SEC 1

Property Type:

Multi-Family - Fourplex

Stories:

2

Year Built:

1981 / Appraisal

Building Sqft.:

4,224 /Appraisal District

Lot Size:

3,174 Sqft. /Appraisal District

Maintenance Fee:

$ 960 / Monthly

Key Map©:

488V

Market Area:

Alief

Interior Features

Floors:

Carpet, Tile

Cooling:

Central Electric

Heating:

Central Electric

Disposal:

Yes

Dishwasher:

Yes

Exterior Features

Roof:

Composition

Exterior Type:

Wood

Parking Unit:

More than Two

Parking:

Paved Area

Front Door Face:

North, South

Additional Information

List Type:

Exclusive Right to Sell/Lease

Unit Feature:

Balcony, Carpets, Fireplace, Patio

Buyer Agent Compensation*:

2%

Sub Agent Compensation*:

2%

*Disclaimer: Listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

Financial Information

Financing Considered:

Cash Sale

Other Fees:

No

Maintenance Fee:

Yes / $960 / Monthly

Maint Fee Includes:

Courtesy Patrol, Exterior Building, Grounds, Insurance, Recreational Facilities, Water and Sewer

Taxes w/o Exemp:

$7, 233/2020

Tax Rate:

2.4711

Selling Agent and Brokerage

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No data on buyers side of the transaction is currenty available.

Property Tax

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Cost/sqft based on Market Value

Tax Year	Cost/sqft	Market Value	Change	Tax Assessment	Change
2023	$91.96	$388,460	12.55%	$388,460	12.55%
2022	$81.71	$345,157	17.28%	$345,157	17.28%
2021	$69.67	$294,305	0.54%	$294,305	0.54%
2020	$69.30	$292,716	3.35%	$292,716	3.35%
2019	$67.05	$283,217	25.36%	$283,217	25.36%
2018	$53.49	$225,926	20.48%	$225,926	20.48%
2017	$44.39	$187,518	24.33%	$187,518	24.33%
2016	$35.71	$150,826	14.82%	$150,826	14.82%
2015	$31.10	$131,360	38.27%	$131,360	38.27%
2014	$22.49	$95,000		$95,000

2023 Harris County Appraisal District Tax Value

Market Land Value:	$82,524
Market Improvement Value:	$305,936
Total Market Value:	$388,460

harris County Appraisal District

2023 Tax Rates

ALIEF ISD:	1.1611 %
HARRIS COUNTY:	0.3437 %
HC FLOOD CONTROL DIST:	0.0306 %
PORT OF HOUSTON AUTHORITY:	0.0080 %
HC HOSPITAL DIST:	0.1483 %
HC DEPARTMENT OF EDUCATION:	0.0049 %
HOUSTON COMMUNITY COLLEGE:	0.0956 %
HOUSTON CITY OF:	0.5336 %
Total Tax Rate:	2.3258 %

Estimated Mortgage/Tax

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$2,277 Monthly

Estimated Monthly Principal & Interest (Based on the calculation below)	$ 1,524
Estimated Monthly Property Tax (Based on Tax Assessment 2023)	$ 753753
Home Owners Insurance	Get a Quote

List Price

$

Loan Term

Months

Years

Down Payment

$

%

Annual Interest Rate

%

Estimated Monthly Principal & Interest

$

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Use this mortgage calculator to create and estimate your monthly mortgage payment(principal and interest) and estimates for property taxes(based on past rates).

Subdivision Facts

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Facts (Based on Active listings)

Market Area Name:

Alief

Home For Sales:

335

Average List Price:

$239,474

Average Bedrooms:

2.80

Average Baths:

1.93

Average Square Ft.:

1,698

Average Price/Square Ft.:

$142.66

Home For Lease:

212

Average Lease :

$1,621

Average Lease/Square Ft.:

$1.19

Schools

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School information is computer generated and may not be accurate or current. Buyer must independently verify and confirm enrollment. Please contact the school district to determine the schools to which this property is zoned.