NOT LISTED FOR SALE

1508 Prosperity Dr Edinburg, TX 78541

Estimated Value: $353,000 - $484,000

-- Bed
16 Baths
3,808 Sq Ft
$107/Sq Ft Est. Value

Last Sold August 02, 2019

Current estimated payment $2,882/month

211 Days on Market

Highlights

  • No HOA
  • Laundry closet
  • Central Heating and Cooling System
  • Walk-In Closet
  • Tile Flooring
  • Ceiling Fan

About This Home

As of August 2019

Great location within walking distance to the university! All four units have long-time tenants, but are month-to-month allowing the new owner to re-negotiate rents as needed. All tile flooring throughout with washer and dryer connections.

Last Agent to Sell the Property

Sylvia Hernandez

Synergy Realty & Property Management Listed on: 01/02/2019

Last Buyer's Agent

Sylvia Hernandez

Synergy Realty & Property Management Listed on: 01/02/2019

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,700

Year Built

  • Built in 2004

Lot Details

  • 9,601 Sq Ft Lot

Home Design

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

Interior Spaces

  • Walk-In Closet
  • 3,808 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Tile Flooring
  • Fire and Smoke Detector
  • Stove
  • Laundry closet

Parking

  • Garage
  • 2 Carport Spaces
  • Rear-Facing Garage

Schools

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

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number Q307000000002800

Community Details

Overview

  • No Home Owners Association
  • Queen's Ridge Estates Subdivision

Building Details

  • Insurance Expense $2,200
  • Maintenance Expense $800
  • Gross Income $27,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,700

Year Built

Built in 2004

Lot Details

0

Listing Details

  • Directions: From University Dr. and Sugar Rd. go north 1 mile to Prosperity Dr. and turn right. Prosperity is the second 4-plex on the right.
  • Year Built: 2004
  • Property Sub Type: Quadruplex
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.2204
  • Road Surface Type: Paved
  • Subdivision Name: Queen's Ridge Estates
  • Carport Y N: Yes
  • Garage Yn: No
  • Efficiency: None
  • Building Stories: 1
  • GMAR_GeocodeConfidence: Unknown
  • GMAR_Escrow: 1000
  • GMAR_LicensedSupervisor: Hector M. Guerra Jr.
  • Non-Allowables: No
  • Repairs YN: Yes
  • Special Features: None
  • Stories: 1

Interior Features

  • Roof: Composition Shingle
  • Appliances: Electric Water Heater, Refrigerator, Stove/Range
  • Flooring: Tile
  • Living Area: 3808

Exterior Features

  • Exterior Features: None
  • Interior Amenities: Ceiling Fan(s), Walk-In Closet(s)
  • Fencing: None
  • Lot Features: Alley, Curb & Gutters
  • Home Warranty: No
  • Construction Type: Brick
  • Foundation Details: Slab
  • Other Structures: Outbuilding (None)
  • Pool YN: No

Garage/Parking

  • Carport Spaces: 2
  • Covered Parking Spaces: 2
  • Parking Features: Detached, Garage Faces Rear
  • Total Parking Spaces: 2

Utilities

  • Laundry Features: Laundry Closet
  • Security: Smoke Detector(s)
  • 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: 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: 9601.0596
  • Parcel #: Q307000000002800
  • ResoLotSizeUnits: SquareFeet

Building Info

  • Buildings: 1

Tax Info

  • Tax Year: 2017
  • Tax Annual Amount: 4700

Multi Family

  • Number Of Units In Community: 1
  • Number Of Units Total: 4
  • Annual Gross Income: 27600
  • Insurance Expense: 2200

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 2, 2019
Closed on
Aug 2, 2019
Sold by
Gonzalez Manuel and Gonzalez Rosa Icela
Bought by
Rodriguez Aaron and Rodriguez Vanesa P
Seller's Agent
Sylvia Hernandez
Synergy Realty & Property Management
Buyer's Agent
Sylvia Hernandez
Synergy Realty & Property Management
List Price
$239,900
Current Estimated Value
$407,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.08%
Original Mortgage
$172,500
Outstanding Balance
$152,994
Interest Rate
3.8%
Mortgage Type
New Conventional
Estimated Equity
$259,339

Purchase Details

Closed on
Aug 15, 2005
Sold by
Falcon Regelio and Falcon Vernica
Bought by
Gonzalez Manuel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$156,000
Interest Rate
5.81%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Rodriguez Aaron -- Valley Land Title
Gonzalez Manuel -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rodriguez Aaron $172,500
Previous Owner Gonzalez Manuel $108,126
Previous Owner Gonzales Manuel $156,000
Previous Owner Gonzalez Manuel $19,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/02/2019 08/02/19 Sold -- -- --
07/28/2019 07/28/19 Pending -- -- --
12/29/2018 12/29/18 For Sale $239,900 -- $63 / 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 $7,981 $332,362 $92,160 $240,202
2023 $7,198 $300,000 $92,160 $207,840
2022 $6,067 $233,000 $50,400 $182,600
2021 $6,259 $231,138 $50,400 $180,738
2020 $6,289 $231,138 $50,400 $180,738
2019 $6,475 $233,153 $50,400 $182,753
2018 $6,246 $224,336 $50,400 $173,936
2017 $5,780 $206,865 $40,800 $166,065
2016 $3,937 $140,915 $40,800 $100,115
2015 $3,772 $140,198 $40,800 $99,398
Source: Public Records

Agents Affiliated with this Home

  • Sylvia Hernandez

    Seller's Agent in 2019

    Sylvia Hernandez

    Synergy Realty & Property Management

    (956) 929-3752

    10 Total Sales

    Sylvia Hernandez
    Section Image
See All Agents

Map

Source: Greater McAllen Association of REALTORS®

MLS Number: 307596

Greater McAllen Association of REALTORS®

APN: Q3070-00-000-0028-00

Texas Hidalgo County Edinburg 78541

1508 Prosperity Dr, Edinburg, TX

This home is located at 1508 Prosperity Dr, Edinburg, TX 78541 since 02 January 2019 and is currently estimated at $407,000, approximately $106 per square foot. This property was built in 2004. 1508 Prosperity Dr is a home located in Hidalgo County with nearby schools including Truman Elementary School, B L Garza Middle School, and Edinburg North High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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.

Information deemed reliable but not guaranteed.

Copyright 2025 Greater McAllen Association of Realtors. All rights reserved.

Nearby Homes