$278,888 Last Listed Price
●
Multifamily -
Off Market
900 S Tool Drive
Tool, TX 75143
Studio
0 Bath
5520 Sqft
$1,620
Estimated Monthly
$5
HOA / Fees
5.94%
Cap Rate
About This Property
Located only 45 minutes from Dallas city limits, this property
offers 13 units including one additional unit utilized for storage
which can also serve as an additional apartment. Tool, Texas is a
city surrounded by opportunity zones which provides the future
prospect of continued development in its submarket. The property
sits on 40,946 square feet of land and has connections to city
water and sewer utilities. The property was at 100% occupancy prior
a fire in 2022 which primarily damaged unit #1. Contact agent for
copy of most recent ARV appraisal and other supporting
documentation for further review. Moreover, contact agent for a
link to obtain a virtual tour.
Unit Size
5,520Ft²
Days on Market
107 days
Land Size
-
Price per sqft
$51
Property Type
Multifamily
Property Taxes
$245
HOA Dues
$5
Year Built
-
Last updated: 2 months ago (HAR #83342011)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Mar 1, 2024 | Sold | $257,000 - $313,000 | |
| Sold | |||
| Feb 8, 2024 | In contract | - | |
| In contract | |||
| Jan 17, 2024 | Relisted | $278,888 | |
| Relisted | |||
| Dec 28, 2023 | In contract | - | |
| In contract | |||
| Dec 20, 2023 | Price Increased |
$278,888
↑ $4K
(1.4%)
|
|
| Price Increased | |||
Show More
Property Highlights
Interior Details
Interior Information
Living Area SqFt: 5520
Exterior Details
Property Information
Year Built: 1955
Year Built Source: Appraisal District
Construction Information
Home Type: Multi-Family
Property Sub Type: 5 Plus
Roof: Wood Shingle
Financial Details
Total Taxes: $2,939
Tax Year: 2022
Tax Rate: 1.907
Parcel Number: 37450000708063
Compensation Disclaimer: The Compensation offer is made only to participants of the MLS where the listing is filed
Compensation to Buyers Agent: 2.5%
Utilities Details
Utilities District: 1
Utilities: Cable, Electric, Water
Heating Type: Other Heating
Cooling Type: Other Cooling
Location Details
Location: Beginning in central Dallas, head South on US-175 to US-175 BUS E in Kemp. Use the right 2 lanes to take exit 282 toward US-175. Turn right onto US-175 BUS E. Turn right onto TX-274 N. Keep driving until one reaches the subject property which will be located on one's left side.
Subdivision: Paradise Bay
HOA Details
HOA Fee: $60
HOA Fee Includes: Other
HOA Fee Pay Schedule: Annually
900 S Tool Drive
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Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
In Contract
House
3
Beds
2.5
Baths
1,783 ft²
$168/ft²
$299,000
Jan 10, 2024
-
$60/mo
In Contract
House
4
Beds
2.5
Baths
1,564 ft²
$185/ft²
$289,000
Oct 4, 2023
-
$75/mo
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
|---|---|---|---|---|---|---|---|---|
|
09/01/2023
|
|
Studio
|
-
|
5520 ft²
|
$325,000
Studio
-
5520 ft²
|
-
-
|
-
|
Enrique Moreno Jr
eXp Realty LLC
|
|
08/19/2021
|
|
14 Bed
|
14 Bath
|
-
|
$575,000
14 Bed
14 Bath
|
-
-
|
-
|
Brandon Richards
EXP REALTY
|
|
03/08/2020
|
|
14 Bed
|
14 Bath
|
-
|
$450,000
14 Bed
14 Bath
|
-
-
|
-
|
-
|
Building Info
About Tool
Similar Homes for Sale
Nearby Rentals
Listed by: Enrique Moreno, Jr., eXp Realty LLC
Last Updated: 2 months ago
Data Source: HAR , MLS# 83342011
Copyright © 2024, Houston Realtors Information Service, Inc. Information provided is exclusively for consumers’ personal, non-commercial use and may not be used for any
purpose other than to identify prospective properties consumers may be interested in purchasing. All information provided is deemed reliable but is not guaranteed and should be independently verified.
Last Updated: 2 months ago
Data Source: HAR , MLS# 83342011
Courtesy of RH Advisors, Inc. and RHP Realty NJ, Inc.
