NOT LISTED FOR SALE

1507 Acme Ln Edinburg, TX 78541

Estimated Value: $362,000 - $504,000

-- Bed
16 Baths
4,240 Sq Ft
$97/Sq Ft Est. Value

Last Sold March 12, 2021

Current estimated payment $2,825/month

10 Days on Market

Highlights

  • Mature Trees
  • Double Pane Windows
  • Laundry closet
  • No HOA
  • Slab Porch or Patio
  • Tile Flooring

About This Home

As of March 2021

Calling all investors!! Check out this amazing apartment fourplex available in Edinburg! The complex is well maintained, has covered parking and a great rental history. The property is located in a quiet neighborhood close to schools and minutes away from UTRGV. Come and take a tour of this property today!

Last Agent to Sell the Property

Marilyn Cortez

Bordertown Realty, Llc Listed on: 12/22/2020

Last Buyer's Agent

Boone Tyson

Tnt Real Estate

Tnt Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,626

Year Built

  • Built in 2004

Lot Details

  • 0.29 Acre Lot
  • Partially Fenced Property
  • Wood Fence
  • Sprinkler System
  • Mature Trees

Home Design

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

Interior Spaces

  • 4,240 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Double Pane Windows
  • Tile Flooring
  • Fire and Smoke Detector
  • Stove

Laundry

  • Laundry closet
  • Dryer
  • Washer

Parking

  • Garage
  • 8 Carport Spaces
  • Rear-Facing Garage

Outdoor Features

  • Slab Porch or Patio

Schools

  • Truman Elementary School
  • B.L. Garza Middle School
  • Edinburg North High School

Utilities

  • Central Heating and Cooling System
  • Water Heater
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number P002100000002000

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units
  • Paisano Trails Subdivision

Building Details

  • Insurance Expense $2,500

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,626

Year Built

Built in 2004

Lot Details

0

Listing Details

  • Directions: Head north on Sugar Rd. Pass 107. Pass Schunior. Pass Chapin. Pass 17 1/2. Turn right on Acme Lane. Property will be the third one on the left.
  • Year Built: 2004
  • Property Sub Type: Quadruplex
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.2917
  • Road Surface Type: Paved
  • Subdivision Name: Paisano Trails
  • Carport Y N: Yes
  • Garage Yn: No
  • Building Stories: 1
  • Non-Allowables: No
  • Repairs YN: Yes
  • Special Features: None
  • Stories: 1

Interior Features

  • Roof: Composition Shingle
  • Appliances: Water Heater (Other), Water Heater (Other Location), Dryer, Refrigerator, Stove/Range, Washer
  • Flooring: Tile
  • Living Area: 4240
  • Window Features: Energy Features (Double Pane Windows)

Exterior Features

  • Exterior Features: Mature Trees, Sprinkler System
  • Interior Amenities: Ceiling Fan(s), Dryer, Washer
  • Fencing: Partial, Wood
  • Lot Features: Curb & Gutters, Sidewalks, Sprinkler System
  • Home Warranty: No
  • Construction Type: Brick
  • Foundation Details: Slab
  • Other Structures: Outbuilding (None)
  • Patio And Porch Features: Patio Slab
  • Pool YN: No

Garage/Parking

  • Carport Spaces: 8
  • Covered Parking Spaces: 8
  • Parking Features: Attached, Garage Faces Rear

Utilities

  • Utilities: Cable Available
  • Laundry Features: Laundry Area
  • Security: Smoke Detector(s)
  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Sewer: City Sewer
  • Water Source: Public

Condo/Co-op/Association

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

Schools

  • Elementary School: Truman
  • High School: Edinburg North H.S.
  • Junior High Dist: Edinburg ISD
  • Middle Or Junior School: B.L. Garza

Lot Info

  • Lot Size Sq Ft: 12706.0164
  • Parcel #: P002100000002000
  • ResoLotSizeUnits: SquareFeet

Building Info

  • Buildings: 2

Tax Info

  • Tax Year: 2020
  • Tax Annual Amount: 6626

Multi Family

  • Number Of Units In Community: 2
  • Number Of Units Total: 4
  • Insurance Expense: 2500

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 22, 2020
Closed on
Mar 4, 2021
Sold by
Mlma Investments Llc
Bought by
Xie Jason
Seller's Agent
Marilyn Cortez
Bordertown Realty, Llc
Buyer's Agent
Boone Tyson
Tnt Real Estate
List Price
$269,900
Current Estimated Value
$411,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.34%
Original Mortgage
$198,750
Outstanding Balance
$178,165
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$232,835

Purchase Details

Closed on
Jun 9, 2017
Sold by
Barrio Christopher Del and Barrio Natasha Del
Bought by
Mlma Investments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$328,000
Interest Rate
4.02%
Mortgage Type
Construction

Purchase Details

Closed on
Jan 20, 2005
Sold by
Oakland Village Ltd
Bought by
Garcia Hugo and Garcia Lisa L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$23,500
Interest Rate
5.71%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Xie Jason -- Edwards Abstract
Mlma Investments Llc -- Edwards Abstract And Title C
Garcia Hugo -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Xie Jason $198,750
Previous Owner Mlma Investments Llc $328,000
Previous Owner Garcia Hugo $23,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/12/2021 03/12/21 Sold -- -- --
12/31/2020 12/31/20 Pending -- -- --
12/21/2020 12/21/20 For Sale $269,900 -- $64 / 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
2025 $7,850 $362,872 $127,050 $235,822
2024 $7,850 $326,912 $121,968 $204,944
2023 $7,470 $311,345 $121,968 $189,377
2022 $7,601 $291,910 $66,701 $225,209
2021 $7,146 $263,902 $66,701 $197,201
2020 $6,636 $243,896 $66,701 $177,195
2019 $6,959 $250,584 $66,701 $183,883
2018 $6,896 $247,710 $60,349 $187,361
2017 $5,618 $201,077 $53,996 $147,081
2016 $5,272 $188,686 $53,996 $134,690
2015 $4,811 $185,879 $53,996 $131,883
Source: Public Records

Agents Affiliated with this Home

  • Marilyn Cortez

    Seller's Agent in 2021

    Marilyn Cortez

    Bordertown Realty, Llc

    (956) 587-1633

    26 in this area

    115 Total Sales

    Marilyn Cortez
    Section Image
  • Boone Tyson

    Buyer's Agent in 2021

    Boone Tyson

    Tnt Real Estate

    (956) 621-6714

    30 in this area

    156 Total Sales

    Boone Tyson
    Section Image
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Map

Source: Greater McAllen Association of REALTORS®

MLS Number: 348529

Greater McAllen Association of REALTORS®

APN: P0021-00-000-0020-00

Texas Hidalgo County Edinburg 78541

1507 Acme Ln, Edinburg, TX

Not Listed for Sale

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