NOT LISTED FOR SALE

122 N Montemorelos Dr Alton, TX 78573

Estimated Value: $341,000 - $423,000

-- Bed
8 Baths
3,200 Sq Ft
$118/Sq Ft Est. Value

Last Sold October 19, 2020

Current estimated payment $2,611/month

149 Days on Market

Highlights

  • Mature Trees
  • Balcony
  • Laundry closet
  • No HOA
  • Double Pane Windows
  • Tile Flooring

About This Home

As of October 2020

If you are looking for a great location, comfort, and nice design you can have it at PalmaSola Apartments. This building has 4 apartments, each with 2 bedrooms/2 full bathrooms, and is located in the middle of all cities (McAllen, Mission, Palm Hurst, and Edinburg) The location is ideal if you need to go to several cities everyday. They feature a nicely custom kitchen with wood cabinets, fridge, stove, washer and dryer; nice living/dining room to share with friends or family; the 2 bedrooms have nice sizes, high efficiency construction and building orientation, 2 car spaces per apartment, and many more.... all you can ask to have.

Last Agent to Sell the Property

Cintya Alamo

Camino Real Management, Llc Listed on: 03/11/2020

Last Buyer's Agent

Cintya Alamo

Camino Real Management, Llc Listed on: 03/11/2020

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,661

Year Built

  • Built in 2013

Lot Details

  • 7,653 Sq Ft Lot
  • Sprinkler System
  • Mature Trees

Parking

  • No Garage

Home Design

  • Quadruplex
  • Slab Foundation
  • Composition Shingle Roof
  • Siding

Interior Spaces

  • 3,200 Sq Ft Home
  • 1-Story Property
  • Double Pane Windows
  • Tile Flooring

Kitchen

  • Electric Range
  • Disposal

Laundry

  • Laundry closet
  • Dryer
  • Washer

Outdoor Features

  • Balcony

Schools

  • Midkiff Elementary School
  • Cantu Middle School
  • Veterans Memorial High School

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number P215500000001400

Community Details

Overview

  • No Home Owners Association
  • Palmasola Subdivision

Building Details

  • Insurance Expense $150
  • Maintenance Expense $33
  • Gross Income $2,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,661

Year Built

Built in 2013

Lot Details

0

Listing Details

  • Directions: If you are driving from east to west take all 5 mile, pass Stewart and you will see the PalmaSola Subdivision on the north side. The building is on linares on the left side almost at the end.
  • Year Built: 2013
  • Property Sub Type: Quadruplex
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.1757
  • Road Surface Type: Paved
  • Subdivision Name: Palmasola
  • Carport Y N: No
  • Garage Yn: No
  • Building Stories: 1
  • GMAR_GeocodeConfidence: Unknown
  • GMAR_Escrow: 1000
  • GMAR_LicensedSupervisor: Camino Real Estate
  • Non-Allowables: No
  • Repairs YN: No
  • Special Features: None
  • Stories: 1

Interior Features

  • Roof: Composition Shingle
  • Appliances: Electric Water Heater, Disposal, Dryer, Refrigerator, Stove/Range-Electric Smooth, Washer
  • Flooring: Tile
  • Living Area: 3200
  • Window Features: Energy Features (Double Pane Windows)

Exterior Features

  • Exterior Features: Mature Trees, Sprinkler System
  • Interior Amenities: Washer
  • Fencing: None
  • Lot Features: Mature Trees, Sprinkler System
  • Home Warranty: No
  • Construction Type: Siding
  • Foundation Details: Slab
  • Other Structures: Outbuilding (None)
  • Patio And Porch Features: Deck/Balcony/Porch
  • Pool YN: No

Garage/Parking

  • Parking Features: No Garage

Utilities

  • Laundry Features: Laundry Closet
  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Sewer: City Sewer

Condo/Co-op/Association

  • Community Features: Sidewalks, Street Lights
  • Association: No

Schools

  • Elementary School: Midkiff
  • High School: Veterans Memorial H.S.
  • Junior High Dist: Mission ISD
  • Middle Or Junior School: Cantu

Lot Info

  • Lot Size Sq Ft: 7653.0564
  • Parcel #: P215500000001400
  • ResoLotSizeUnits: SquareFeet

Building Info

  • Buildings: 1

Tax Info

  • Tax Year: 2017
  • Tax Annual Amount: 4661

Multi Family

  • Number Of Units In Community: 1
  • Number Of Units Total: 4
  • Annual Gross Income: 2600
  • Insurance Expense: 150

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 11, 2020
Closed on
Oct 19, 2020
Sold by
Camino Real Management Llc
Bought by
Agarwal Ajay Kumar
Seller's Agent
Cintya Alamo
Camino Real Management, Llc
Buyer's Agent
Cintya Alamo
Camino Real Management, Llc
List Price
$250,000
Current Estimated Value
$377,667

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.75%
Original Mortgage
$179,250
Outstanding Balance
$161,316
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$231,684

Purchase Details

Closed on
Sep 29, 2017
Sold by
Alamo Days Trade Inc
Bought by
Camino Real Management Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$754,000
Interest Rate
3.89%
Mortgage Type
Construction
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
Agarwal Ajay Kumar -- Edwards Abstract
Camino Real Management Llc -- Sierra Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Agarwal Ajay Kumar $179,250
Closed Agarwal Ajay $179,250
Previous Owner Camino Real Management Llc $754,000
Previous Owner Alamo Days Trade Inc $158,783
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/19/2020 10/19/20 Sold -- -- --
08/07/2020 08/07/20 Pending -- -- --
03/11/2020 03/11/20 For Sale $250,000 -- $78 / 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 $6,682 $272,950 $70,419 $202,531
2023 $6,477 $265,000 $70,419 $194,581
2022 $5,584 $227,624 $70,419 $157,205
2021 $4,848 $194,562 $57,958 $136,604
2020 $4,838 $187,079 $35,975 $151,104
2019 $4,676 $174,080 $30,652 $143,428
2018 $4,661 $172,400 $35,975 $136,425
2017 $4,700 $172,400 $35,975 $136,425
2016 $4,034 $147,972 $35,975 $111,997
2015 $912 $33,678 $33,678 $0
2014 $912 $33,678 $33,678 $0
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2020

    Cintya Alamo

    Camino Real Management, Llc

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Map

Source: Greater McAllen Association of REALTORS®

MLS Number: 330528

Greater McAllen Association of REALTORS®

APN: P2155-00-000-0014-00

Texas Hidalgo County Alton 78573

122 N Montemorelos Dr, Alton, TX

This home is located at 122 N Montemorelos Dr, Alton, TX 78573 since 11 March 2020 and is currently estimated at $377,667, approximately $118 per square foot. This property was built in 2013. 122 N Montemorelos Dr is a home located in Hidalgo County with nearby schools including Hurla M. Midkiff Elementary School, Rafael A. Cantu Junior High School, and Veterans Memorial High School.

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