8809 County Road 2586

Royse City, TX 75189
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Sold
Sold
$482,001 - $552,000
Sold on November 17, 2023
Listed for $549,000
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10 Bedroom(s)
4 Full Bath(s)
2.25 Lot Acres
Multi-Family - Fourplex

Home value comparables

Using a REALTOR is the best way to determine the market price of a home. Start this process by viewing the third-party valuations and then contact a Realtor to determine a reasonable purchase price for a home.

Current Valuations

Home Value Comparables
AVM Value
$544K
AVM Value
$658K
Value Range
$468K - $620K
Value Range
$ 657,820
Confidence Score
86%

Margin of Error*: 14%
Confidence Score
NA
Limitations: This represents an estimated sales price for this property. It is not the same as the opinion of value in an appraisal developed by a licensed appraiser under the Uniform Standards of Professional Appraisal Practice. The values do not include a physical or visual inspection of the subject property. User shall not use the values in lieu of an appraisal by a licensed appraiser or as a basis for making any financial decision.

Zestimate Home Values are provided by Zillow, Inc. Use is subject to Zillow Terms of Use and are provided as-is, as-available.
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Description

Drastic price improvement to demonstrate Seller's motivation to close by year-end. Remodeled Four-Plex sitting on 2.245 acres on the outskirts of Royse City. Four apartments, two 2-1 & two 3-1 units, ranging from approximately 1,000-1,300 SF. The parking lot was surfaced and all 4 units were fully renovated in 2022-2023. Great current cash flow opportunity. One unit vacant and listed for lease - this unit could be owner-occupied to allow for FHA financing. This Four-plex is unlike any other in the area, being one of the few multi-family options for residents in the growing Royse City & Union Valley areas. With no major competitors, this creates high demand in this growing area. Located within close proximity to several major retailers & entertainment venues, conveniently located between Rockwall, Greenville, Royse City & Terrell with easy commute to Dallas. Quality building with homey, country living feel. DO NOT DISTURB TENANTS! DO NO ENTER PROPERTY WITHOUT APPROVAL OF LISTING AGENT.

MLS#
NTREIS-20390573
Sold Price Range
$482,001 - $552,000
Listing Status
Sold
Address
8809 County Road 2586
City
State
TX
Zip Code
County
Subdivision
Samuel Mcfadgin Sur A-651
Legal Description
Lot 1, Block A, AEM Development Addition, replat
Property Type
Multi-Family - Fourplex
Bedroom
10 Bedroom(s)
Bath
4 Full Bath(s)
Stories
2
Year Built
1999 / Appraisal District
Lot Size
2.25 Lot Acres./OWNER

Exterior

Roof
Metal
Foundation
Slab
Private Pool
No
Exterior Type
Metal Siding, Other, Unknown
Lot Description
Acreage, Cleared, Level
Parking
Asphalt, On Site, Parking Lot
Fencing
Other
Utility
All Weather Road, Co-op Electric, Co-op Water, Electricity Connected, Individual Water Meter, No City Services, Outside City Limits, Septic
Exterior
Covered Patio/Porch

Interior

Floors
Ceramic Tile, Laminate
Cooling
Electric
Heating
Electric
Appliances
Dishwasher, Electric Cooktop, Electric Oven, Refrigerator
Interior
Open Floorplan

Lot information

Lot Size
2.25 Lot Acres /OWNER
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Disclaimer: Lot configuration and dimensions are estimates, not based on personal knowledge and come from a third party (Digital Map Products); therefore, you should not rely on the estimates and perform independent confirmation as to their accuracy

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Property tax

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Down Payment Assistance

Mortgage

Create and estimate your monthly mortgage payment and property taxes, based on past rates.

Estimated Monthly Payments

DOWN PAYMENT
Loan Term
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Full Page
Presented by TimeValue Software ©2021
Principal & InterestTaxes30.4%69.6%
Listing TaxNumbers
Principal & Interest2,841
Taxes1,242
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Subdivision Facts

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Market update video

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Schools

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.

Assigned schools

Nearby schools view nearby schools

Source

North Texas Real Estate Information Systems, Inc.
Source last updated Jul 23, 2024 at 11:47 PM
Listing last updated Nov 17, 2023 at 01:28 PM
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8809 County Road 2586, Royse City, TX 75189. View photos, map, tax, nearby homes for sale, home values, school info...

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