NOT LISTED FOR SALE

1119 Laurel Ave McAllen, TX 78501

Estimated Value: $319,000 - $440,000

-- Bed
8 Baths
3,952 Sq Ft
$96/Sq Ft Est. Value

Last Sold March 25, 2024

Current estimated payment $2,813/month

60 Days on Market

Highlights

  • Corner Lot
  • Walk-In Closet
  • Tile Flooring
  • No HOA
  • Laundry Room
  • 2-minute walk to Lions Park

About This Home

As of March 2024

INVESTORS There is a great hidden gem of a Four Plex in the Art District! The apartments are set in a very quiet area just West of 10th and South of FM 495. The property is located at the southeast corner of Laurel and 12th. This fourplex is currently being rented month to month. The furniture for all four units will convey with the apartment as well as all the appliances. Each individual unit has been slightly remodeled. The units used to be booked a lot on airbnb. This fourplex is in a great location and the city of McAllen's Lion's Park is just across the street. This complex has a on-site laundry room. The complex is in good shape for it's age. All offers are appreciated. The property is being sold "as is".

Last Agent to Sell the Property

David Villarreal

Zuazua Real Estate Listed on: 01/10/2024

Last Buyer's Agent

David Villarreal

Zuazua Real Estate Listed on: 01/10/2024

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,386

Year Built

  • Built in 1977

Lot Details

  • 0.36 Acre Lot
  • Privacy Fence
  • Corner Lot

Home Design

  • Quadruplex
  • Brick Exterior Construction
  • Slab Foundation
  • Composition Shingle Roof

Interior Spaces

  • Walk-In Closet
  • 3,952 Sq Ft Home
  • 1-Story Property
  • Tile Flooring
  • Laundry Room

Kitchen

  • Stove
  • Microwave

Parking

  • Garage
  • 4 Carport Spaces
  • No Garage
  • Rear-Facing Garage

Schools

  • Wilson Elementary School
  • Travis Middle School
  • Memorial High School

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number L340000000000100

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 4 Units
  • Laurel Avenue Subdivision

Building Details

  • Insurance Expense $2,000
  • Maintenance Expense $5,000
  • Gross Income $57,300

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,386

Year Built

Built in 1977

Lot Details

0

Listing Details

  • Directions: Using FM 495 @ 10 th Street as your starting point. Go South on 10th to Laurel, turn Right (west) Property will be down to the end of the block on the Left .
  • Year Built: 1977
  • Property Sub Type: Quadruplex
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.3595
  • Road Surface Type: Paved
  • Subdivision Name: Laurel Avenue
  • Carport Y N: Yes
  • Garage Yn: No
  • Efficiency: None
  • Building Stories: 1
  • GMAR_Escrow: 3000
  • Non-Allowables: No
  • Non-Conveyances: 0
  • Repairs YN: No
  • Special Features: None
  • Stories: 1

Interior Features

  • Roof: Composition Shingle
  • Appliances: Electric Water Heater, Refrigerator, Stove/Range
  • Flooring: Tile
  • Living Area: 3952

Exterior Features

  • Exterior Features: Other
  • Interior Amenities: Microwave, Walk-In Closet(s)
  • Fencing: Privacy
  • Lot Features: Corner Lot
  • Home Warranty: No
  • Construction Type: Brick
  • Foundation Details: Slab
  • Other Structures: Laundry Facility
  • Pool YN: No

Garage/Parking

  • Carport Spaces: 4
  • Covered Parking Spaces: 4
  • Parking Features: No Garage, Garage Faces Rear
  • Total Parking Spaces: 4

Utilities

  • Laundry Features: Laundry Room
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Sewer: City Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: None
  • Association: No

Schools

  • Elementary School: Wilson
  • High School: Memorial H.S.
  • Junior High Dist: McAllen ISD
  • Middle Or Junior School: Travis

Lot Info

  • Lot Size Sq Ft: 15658.9488
  • Parcel #: L340000000000100
  • ResoLotSizeUnits: SquareFeet

Building Info

  • Buildings: 2

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 8386

Multi Family

  • Number Of Units In Community: 4
  • Number Of Units Total: 4
  • Annual Gross Income: 57300
  • Insurance Expense: 2000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 10, 2024
Closed on
Mar 25, 2024
Sold by
Un Rincon Cerca Del Cielo Properties Llc
Bought by
Yim Chau Christopher and Zanetti Chau Adriana
Seller's Agent
David Villarreal
Zuazua Real Estate
Buyer's Agent
David Villarreal
Zuazua Real Estate
List Price
$419,000
Views
34
Current Estimated Value
$381,667

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-6.41%
Original Mortgage
$314,250
Outstanding Balance
$310,830
Interest Rate
6.64%
Mortgage Type
New Conventional
Estimated Equity
$71,837

Purchase Details

Closed on
Feb 16, 2018
Sold by
Lee Xin Jian Long and Lee Xin Ying
Bought by
Un Rincon Cerca Del Cielo Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$196,000
Interest Rate
3.99%
Mortgage Type
Stand Alone First
Source: Public Records

Range of Values:

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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Yim Chau Christopher -- Corporation Service
Un Rincon Cerca Del Cielo Properties Llc -- Edwards Abstract & Title Com
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Yim Chau Christopher $314,250
Previous Owner Un Rincon Cerca Del Cielo Properties Llc $196,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/25/2024 03/25/24 Sold -- -- --
03/11/2024 03/11/24 Pending -- -- --
02/07/2024 02/07/24 For Sale $419,000 0.0% $106 / Sq Ft
01/31/2024 01/31/24 Pending -- -- --
01/10/2024 01/10/24 For Sale $419,000 -- $106 / Sq Ft
Source: Greater McAllen Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $8,673 $411,246 $148,761 $262,485
2023 $8,386 $356,439 $93,954 $262,485
2022 $7,346 $296,221 $93,954 $202,267
2021 $6,120 $239,544 $62,636 $176,908
2020 $6,111 $239,544 $62,636 $176,908
2019 $6,131 $241,691 $62,636 $179,055
2018 $5,907 $232,516 $62,636 $169,880
2017 $4,537 $177,897 $62,636 $115,261
2016 $4,245 $166,416 $62,636 $103,780
2015 $3,430 $132,554 $62,636 $69,918
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2024

    David Villarreal

    Zuazua Real Estate

    (956) 960-4454

    7 Total Sales

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Map

Source: Greater McAllen Association of REALTORS®

MLS Number: 423713

Greater McAllen Association of REALTORS®

APN: L3400-00-000-0001-00

Texas Hidalgo County McAllen 78501

1119 Laurel Ave, McAllen, TX

This home is located at 1119 Laurel Ave, McAllen, TX 78501 since 10 January 2024 and is currently estimated at $380,333, approximately $96 per square foot. This property was built in 1977. 1119 Laurel Ave is a home located in Hidalgo County with nearby schools including Wilson Elementary School, Travis Middle School, and McAllen High School.

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Greater McAllen Association of REALTORS® The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of Greater McAllen Association of Realtors. IDX information is provided 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.

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