NOT LISTED FOR SALE

1510 Ithaca Ave McAllen, TX 78501

Estimated Value: $363,000 - $422,000

Studio
6 Baths
3,066 Sq Ft
$128/Sq Ft Est. Value

Last Sold October 13, 2023

Current estimated payment $2,774/month

65 Days on Market

Highlights

  • No HOA
  • Tile Flooring
  • Ceiling Fan
  • Double Pane Windows
  • Central Heating and Cooling System
  • 1-Story Property

About This Home

As of October 2023

Updated and Centrally located a few blocks from the SIMON MALL and AIRPORT. Income producing, great investment CAP 8%. Come check out the unique appeal of this Triplex. Each unit has 2-bedroom and 1.5-bath. Offers a dining room, living room, kitchen with refrigerator, ceiling fans, and tile floors. Kitchen and Bathroom include granite countertops, and customized cabinets. Each unit is currently leased.

Last Agent to Sell the Property

Adalberto Arguelles

Coldwell Banker La Mansion Listed on: 08/08/2023

Coldwell Banker La Mansion

Last Buyer's Agent

Liliana Albornoz Iza

Keller Williams Realty RGV

Keller Williams Realty RGV

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,424

Year Built

  • Built in 2018

Lot Details

  • 7,000 Sq Ft Lot
  • Sprinkler System

Home Design

  • Triplex
  • Brick Exterior Construction
  • Slab Foundation
  • Shingle Roof
  • Stone

Interior Spaces

  • 3,066 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Double Pane Windows
  • Tile Flooring
  • Fire and Smoke Detector

Kitchen

  • Stove
  • Microwave
  • Dishwasher

Laundry

  • Dryer
  • Washer

Parking

  • 4 Carport Spaces
  • No Garage

Schools

  • Thigpen-Zavala Elementary School
  • Travis Middle School
  • Memorial High School

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number N080000001000700

Community Details

Overview

  • No Home Owners Association
  • 3 Units
  • Nelson Addition Subdivision

Building Details

  • Insurance Expense $5,500
  • Maintenance Expense $1,500
  • Gross Income $3,150

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,424

Year Built

Built in 2018

Lot Details

7,000 Sq Ft Lot

Listing Details

  • Directions: Head south on N McColl Rd, turn right onto E Jackson Ave, turn right onto S 15th St then turn left at the 1st cross street onto Ithaca Ave and the destination will be on the right.
  • Year Built: 2018
  • Property Sub Type: Triplex
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.1607
  • Road Surface Type: Paved
  • Subdivision Name: Nelson Addition
  • Carport Y N: Yes
  • Garage Yn: No
  • Building Stories: 1
  • Non-Allowables: No
  • Repairs YN: No
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Roof: Shingle
  • Appliances: Electric Water Heater, Dishwasher, Dryer, Refrigerator, Stove/Range, Washer
  • Flooring: Tile
  • Living Area: 3066
  • Window Features: Energy Features (Double Pane Windows)

Exterior Features

  • Exterior Features: None, Sprinkler System
  • Interior Amenities: Ceiling Fan(s), Dryer, Microwave, Washer
  • Fencing: None
  • Lot Features: Sprinkler System
  • Home Warranty: No
  • Construction Type: Brick, Stone
  • Foundation Details: Slab
  • Other Structures: Outbuilding (None)
  • Pool YN: No

Garage/Parking

  • Carport Spaces: 4
  • Covered Parking Spaces: 4
  • Parking Features: No Carport, No Garage, Other Garage or Carport

Utilities

  • Laundry Features: None
  • 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: None
  • Association: No

Schools

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

Lot Info

  • Lot Size Sq Ft: 7000.092
  • Parcel #: N080000001000700
  • ResoLotSizeUnits: SquareFeet

Building Info

  • Buildings: 1

Tax Info

  • Tax Year: 2019
  • Tax Annual Amount: 4424

Multi Family

  • Number Of Units In Community: 3
  • Number Of Units Total: 3
  • Annual Gross Income: 3150
  • Insurance Expense: 5500

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 8, 2023
Closed on
Oct 5, 2023
Sold by
Salinas Mariano and Salinas Monica
Bought by
Jcm Place Llc
Seller's Agent
Adalberto Arguelles
Coldwell Banker La Mansion
Buyer's Agent
Liliana Albornoz Iza
Keller Williams Realty RGV
List Price
$420,000
Views
4
Current Estimated Value
$393,863

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.21%

Purchase Details

Listed on
May 16, 2019
Closed on
Nov 19, 2019
Sold by
Villareal Osiris and Villarreal Osiris
Bought by
Salinas Mariano
Seller's Agent
Deldi Ortegon
Keller Williams Realty Rgv
Buyer's Agent
Adalberto Arguelles
Coldwell Banker La Mansion
List Price
$290,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.12%
Original Mortgage
$193,500
Interest Rate
3.6%
Mortgage Type
Commercial

Purchase Details

Closed on
May 30, 2017
Sold by
Ayala Abaka Investments Ltd
Bought by
Villareal Osiris

Purchase Details

Closed on
Dec 7, 2007
Sold by
Pharr Kanan Inc
Bought by
Ayala Abaka Investments Ltd

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$96,000
Interest Rate
5.68%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 13, 2006
Sold by
First National Bank
Bought by
Pharr Kanan Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$75,000
Interest Rate
6.44%
Mortgage Type
Seller Take Back
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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Purchase History

Date Buyer Sale Price Title Company
Jcm Place Llc -- Corporation Service
Jcm Place Llc -- Corporation Service
Salinas Mariano -- Sierra Title
Salinas Mariano -- Sierra Title
Villareal Osiris -- None Available
Villareal Osiris -- None Available
Ayala Abaka Investments Ltd -- None Available
Ayala Abaka Investments Ltd -- None Available
Pharr Kanan Inc -- Sierra Title
Pharr Kanan Inc -- Sierra Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Salinas Mariano $193,500
Previous Owner Ayala Abaka Investments Ltd $96,000
Previous Owner Pharr Kanan Inc $75,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/13/2023 10/13/23 Sold -- -- --
09/03/2023 09/03/23 Price Changed $389,900 -1.3% $127 / Sq Ft
08/28/2023 08/28/23 Price Changed $395,000 -6.0% $129 / Sq Ft
08/08/2023 08/08/23 For Sale $420,000 +44.8% $137 / Sq Ft
11/27/2019 11/27/19 Sold -- -- -- View Prior Sale
09/30/2019 09/30/19 Pending -- -- --
05/16/2019 05/16/19 For Sale $290,000 -- $95 / Sq Ft
Source: Greater McAllen Association of REALTORS®

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 $8,420 $328,456 $92,750 $235,706
2024 $8,420 $359,029 $128,800 $230,229
2023 $6,492 $275,933 $128,800 $147,133
2022 $5,950 $239,942 $60,480 $179,462
2021 $5,283 $206,791 $60,480 $146,311
2020 $5,281 $207,007 $60,480 $146,527
2019 $4,424 $174,407 $31,500 $142,907
2018 $711 $28,000 $28,000 $0
2017 $714 $28,000 $28,000 $0
2016 $714 $28,000 $28,000 $0
2015 $717 $28,000 $28,000 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Greater McAllen Association of REALTORS®

MLS Number: 411470

Greater McAllen Association of REALTORS®

APN: N0800-00-001-0007-00

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