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531 Bedford Road

531 Bedford Road, Bedford, TX 76022
Sold Apr 19, 2021
$10,737,500
$8,590,000 by Readycap Commercial Llc
Mortgage
Sold Jan 10, 2018
Transfer
Local assessors in Bedford, TX have categorized 531 Bedford Road as a residential type of property. The home was built in 1970 and is 54 years old. It was most recently renovated and altered in 2010. The property's lot size has been calculated to be 160,635 square feet. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a multifamily style. This is a single story home so it's perfect for folks who don't want to have to climb stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 531 Bedford Road has a total of 73,640 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. In addition, there is a pool on the property. Perfect for those who want to host pool parties over the summer. Moving onto specific details regarding the building. Our sources show that the building condition is excellent. Not only do we know the type, but we also know that the assessors have graded the quality of these control joints with a letter grade - A. The building has a flat style roof that was made of asphalt and ply sheets in a built-up roof style. Lots of brick were used in the construction of the exterior walls of the home. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 531 Bedford Road was last sold in Apr 15, 2021 for $10,737,500. According to our calculations, that's $145.81 per sqft. Current property owners are expected to pay $214,816 in taxes per year. The property on 531 Bedford Road was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $11,200,000. To break that down further, the land itself was valued at $803,175. While improvements to the property were assessed at a total of $10,396,825. Based on our records, the total market value for this property has been marked the same as the total assessed value as of this moment. Which is nothing out of the ordinary. Remember, the purchasing price for your future home is not the costs you'll incur during the purchasing process. That's why it's important to save as much as possible and presumbly above the 20% minimum you may need to put down as down payment. You will want these additional savings to cover closing costs such as attorney fees, homeowner's insurance, title search fees, origination fees, and more. Thankfully, sellers may sometimes offer to cover certain costs as seller concessions to the buyer. Just keep in mind that sellers have their own fees to pay as well.This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1970
  • Effective Year Built: 2010
  • Building Count: 1
  • Bedroom Count: 0
  • Building Condition: Excellent
  • Building Quality: A
  • Building Style: Multifamily
  • Exterior Walls Type: Brick
  • Roof Shape Type: Flat
  • Roof Cover Type: Built-up
  • Floor Count: 1
  • Living Units: 87
  • Business/Commerical Units Count: 87
  • Basement Area: 0
  • Parking Space Count: 0
  • Pool Type: Pool

    Dimensions

  • Lot Size Square Feet: 160,635
  • Total Building Area: 73,640
  • Gross Building Area: 73,640
  • Building Area: 73,640
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 73,640
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: WALLACE, WILLIAM W SURVEY
  • Land Acres: 3.688
  • Standard Land Use Code: Multi-family dwellings (generic, 2+)
  • Legal Description 1: WALLACE, WILLIAM W SURVEY ABSTRACT 1607 TRACT 11E & 11U & ABST 1027 TR 1A

Ownership

  • Current Owner : AVERY CAPITAL GROUP LLC
  • Previous Owner : TFIE BEDFORD AVERY LP
  • Owner Before Previous Owner: BRIGELLE BEDFORD HOLDINGS LLC
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Hurst-Euless-Bedford Independent School District
  • School Tax School District: HRST-EULSS-BDFD
  • Census Tract: 113607

Geography

  • Assessors Map Reference: 53-L
  • Account Number: 04239954
  • District: 002
  • Subdivision Tract Number: 1A
  • Parcel: 04239954
  • Municipality: BEDFORD
  • Latitude: 32.8359
  • Longitude: -97.1595

    Address

  • Full Address: 531 Bedford Rd
  • Address - House Number: 531
  • Address - Street Name: Bedford
  • Address - Suffix Type: Rd
  • State: TX
  • City Name: Bedford
  • Carrier Code: C005
  • 4-Digit Zip Code: 6552
  • Zip Code: 76022

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $214,816
  • Tax Rate Code Area: 916

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $8,590,000
  • First Open Lien Mortgage Lender: READYCAP COMMERCIAL LLC
  • First Open Lien Mortgage Recording Date: Apr 19, 2021
  • First Open Lien Mortgage Loan Amount: $8,590,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Commercial

    Market Valuation

  • Market Total Value: $11,200,000
  • Market Land Value: $803,175
  • Market Improvement Value: $10,396,825

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $11,200,000
  • Assessed Land Value: $803,175
  • Assessed Improvements Value: $10,396,825

    Sales

  • Current Sale Contract Date: Apr 15, 2021
  • Current Sale Recording Date: Apr 19, 2021
  • Current Sale Transaction ID: 11832669168
  • Current Sale Price: $10,737,500
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: D221107906
  • Previous Sale Recording Date: Jan 10, 2018
  • Previous Sale Contract Date: Jan 05, 2018
  • Previous Sale Document Type: Special Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: READYCAP COMMERCIAL LLC
  • First Mortgage Transaction Date: Apr 19, 2021
  • First Mortgage Loan Amount: $8,590,000
  • First Mortgage Loan Type: Commercial

About Stonegate Bedford



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Unit for rent at 2221 Cambridge Drive, Hurst, TX, 76054

$2,750 /mo

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  • 1,840 ft²
2221 Cambridge Drive, Hurst, TX, 76054 Listing by Ford Butler

Frequently Asked Questions

What neighborhood is 531 Bedford Road located in?
The 531 Bedford Road is a located in the neighborhood of Stonegate Bedford in Stonegate Bedford, Bedford.
What is the average sales price for listings in 531 Bedford Road?
The average sales price for units in 531 Bedford Road is $0 currently.

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