1505 Scharpe Street

Houston, TX 77023
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Sold
Sold
$482,001 - $552,000
Sold on October 24, 2022
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2,758 Sqft.
6,250 Lot Sqft
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
$521K
AVM Value
$524K
AVM Value
$508K
Value Range
$458K - $584K
Value Range
$483K - $564K
Value Range
$ 507,709
Confidence Score
88%

Margin of Error*: 12%
Confidence Score
89%

Margin of Error*: 8%
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

Location, Location, Location! This Multifamily 4-plex located in the much desired Broadmoor S/D. Quiet & well maintained, Completely renovated (2018/19). Two 2BR/lBA units & two 1BR/1BA units. 95% occupied/1 yr leases. Off street parking. Owner pays water/sewer. Significant capital improvements include: new appliances & paint in all units. Flooring replaced in one unit w/ new vinyl plank, other units have real hardwood. Exterior completely repainted & new hardiback siding. New concrete driveway, cedar fence, new landscaping, sewer line, water heaters, window air & heat units & several deckboards replaced, This multi-family unit is Perfect for the Investor that wants to be part of this exciting & growing East End Revitalized Area. Units can be seen when an offer is accepted. Option Period will not begin until buyer views units & accepts offer to move forward. Easy access to 1-45, I-59, I-10 & 610. Walking distance to Metro bus lines, close to UH & Downtown. Call today!

MLS#
88769288
Sold Price Range
$482,001 - $552,000
Listing Status
Sold
Address
1505 Scharpe Street
City
State
TX
Zip Code
County
Legal Description
LT 20 BLK 13 BROADMOOR
Property Type
Multi-Family - Fourplex
Stories
2
Year Built
1950 / Appraisal District
Building Size
2,758 Sqft/Appraisal District
Lot Size
6,250 Sqft./Appraisal District
Key Map©
494X
Market Area

Exterior

Roof
Composition
Exterior Type
Cement Board
Lot Description
Cleared, Corner
Parking Unit
One
Unit Location
Cleared,Corner

Interior

Countertop
Granite
Floors
Vinyl Plank, Wood
Cooling
Window Units
Heating
Window Unit
Compactor
No
Dishwasher
No
Disposal
No
Microwave
No
Energy Feature
Ceiling Fans

Lot information

Lot Size
6,250 Sqft. /Appraisal District
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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

Financial

Financing Considered
Cash Sale, Conventional
Other Fees
No
Maintenance Fee
No
Taxes w/o Exemp
$5,312/2021
Tax Rate
2.3307

Additional information

List Type
Exclusive Right to Sell/Lease
Unit Feature
Fenced Area,Hardwood Floors
Buyer Agent Compensation*
2.5%
Sub Agent Compensation*
0%

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

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Estimated electricity cost

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Property tax

Cost/Sqft based on tax value

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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

Noise factors

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Source

Houston Association of REALTORS
Source last updated Apr 23, 2024 at 04:27 PM
Listing last updated Oct 25, 2022 at 02:36 PM

1505 Scharpe Street, Houston, TX 77023. View photos, map, tax, nearby homes for sale, home values, school info...

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