NOT LISTED FOR SALE

1513 Prosperity Dr Edinburg, TX 78541

Estimated Value: $355,000 - $536,000

-- Bed
16 Baths
4,624 Sq Ft
$92/Sq Ft Est. Value

Last Sold June 11, 2021

Current estimated payment $2,963/month

4 Days on Market

Highlights

  • Mature Trees
  • Walk-In Closet
  • Tile Flooring
  • No HOA
  • Laundry Room
  • Central Heating and Cooling System

About This Home

As of June 2021

Great location very near UTRGV. Just 5 minutes from EXP281. Easy access to McAllen.

Last Agent to Sell the Property

Alvaro (Sonnie) Salinas

Omni Realty Listed on: 04/25/2021

Last Buyer's Agent

Robert Kirby

Keller Williams Realty RGV

Keller Williams Realty RGV

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,220

Year Built

  • Built in 2008

Lot Details

  • 10,245 Sq Ft Lot
  • Mature Trees

Home Design

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

Interior Spaces

  • Walk-In Closet
  • 4,624 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Tile Flooring
  • Fire and Smoke Detector
  • Electric Cooktop

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • Garage
  • 8 Carport Spaces
  • Rear-Facing Garage

Eco-Friendly Details

  • Energy-Efficient Thermostat

Schools

  • Guerra Elementary School
  • Garza Middle School
  • Edinburg North High School

Utilities

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

Listing and Financial Details

  • Assessor Parcel Number Q307000000000100

Community Details

Overview

  • No Home Owners Association
  • Queens Ridge Estates Subdivision

Building Details

  • Maintenance Expense $244
  • Gross Income $29,352

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,220

Year Built

Built in 2008

Lot Details

0

Listing Details

  • Directions: Drive north on Sugar Rd from University Dr. 1 block north of Sugar and Chapin.
  • Year Built: 2008
  • Property Sub Type: Quadruplex
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.2352
  • Road Surface Type: Paved
  • Subdivision Name: Queens Ridge Estates
  • Carport Y N: Yes
  • Garage Yn: No
  • Efficiency: Thermostat
  • Building Stories: 1
  • GMAR_Escrow: 2650
  • Non-Allowables: No
  • Repairs YN: Yes
  • Special Features: None
  • Stories: 1

Interior Features

  • Roof: Composition Shingle
  • Appliances: Electric Water Heater, Water Heater (Laundry Room), Electric Cooktop, Dryer, Refrigerator, Washer
  • Flooring: Tile
  • Living Area: 4624

Exterior Features

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

Garage/Parking

  • Carport Spaces: 8
  • Covered Parking Spaces: 8
  • Parking Features: Garage Faces Rear
  • Total Parking Spaces: 8

Utilities

  • Utilities: Cable Available
  • Laundry Features: Laundry Room, Washer/Dryer Connection
  • 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: Guerra
  • High School: Edinburg North H.S.
  • Junior High Dist: Edinburg ISD
  • Middle Or Junior School: Garza

Lot Info

  • Lot Size Sq Ft: 10244.8764
  • Parcel #: Q307000000000100
  • ResoLotSizeUnits: SquareFeet

Building Info

  • Buildings: 1

Tax Info

  • Tax Year: 2020
  • Tax Annual Amount: 7220

Multi Family

  • Number Of Units In Community: 1
  • Number Of Units Total: 4
  • Annual Gross Income: 29352

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 27, 2024
Sold by
Rosas Julian
Bought by
1513 Prosperity Drive Revocable Trust and Rosas
Current Estimated Value
$425,333

Purchase Details

Listed on
Apr 25, 2021
Closed on
Jun 14, 2021
Sold by
Olca Inestmentd Llc
Bought by
Rosas Julian
Seller's Agent
Alvaro (Sonnie) Salinas
Omni Realty
Buyer's Agent
Robert Kirby
Keller Williams Realty RGV
List Price
$265,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.96%
Original Mortgage
$200,250
Interest Rate
2.9%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 20, 2020
Sold by
Olivares Jesus and Olivares Yesenia
Bought by
Olca Investments Llc

Purchase Details

Listed on
Jan 1, 2016
Closed on
Apr 26, 2016
Sold by
Wonderful Investments Llc
Bought by
Olivares Jesus and Olivares Yesenia
List Price
$245,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.24%
Original Mortgage
$176,250
Interest Rate
3.73%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 9, 2011
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Saldivar Manuel and Ms Investments

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$105,000
Interest Rate
4.03%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 23, 2011
Sold by
Saldivar Manuel and Ms Investments
Bought by
Wonderful 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
$105,000
Interest Rate
4.03%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 11, 2011
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Ms Investments Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$105,000
Interest Rate
4.43%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 5, 2011
Sold by
Buenaflor Joy B and Buenaflor Roman
Bought by
Federal Home Loan Mortgage Corp
Source: Public Records

Range of Values:

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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
1513 Prosperity Drive Revocable Trust -- None Listed On Document
1513 Prosperity Drive Revocable Trust -- None Listed On Document
Rosas Julian -- Edwards Abstract
Olca Investments Llc -- None Available
Olivares Jesus -- San Jacinto Title Services M
Saldivar Manuel -- Vltc
Wonderful Investments Llc -- Vltc
Ms Investments Inc -- Servicelink
Federal Home Loan Mortgage Corp $151,898 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Rosas Julian $0
Previous Owner Rosas Julian $200,250
Previous Owner Olivares Jesus $176,250
Previous Owner Saldivar Manuel $105,000
Previous Owner Ms Investments Inc $105,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/11/2021 06/11/21 Sold -- -- --
04/28/2021 04/28/21 Pending -- -- --
04/24/2021 04/24/21 For Sale $265,000 +8.2% $57 / Sq Ft
04/26/2016 04/26/16 Sold -- -- --
04/01/2016 04/01/16 Pending -- -- --
01/01/2016 01/01/16 For Sale $245,000 -- $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
2024 $7,742 $322,403 $98,381 $224,022
2023 $7,367 $307,050 $98,381 $208,669
2022 $6,953 $267,000 $53,803 $213,197
2021 $7,130 $263,312 $53,803 $209,509
2020 $7,231 $265,768 $53,803 $211,965
2019 $7,449 $268,225 $53,803 $214,422
2018 $6,979 $250,680 $48,679 $202,001
2017 $6,800 $243,378 $43,555 $199,823
2016 $4,810 $172,161 $43,555 $128,606
2015 $4,779 $169,748 $43,555 $126,193
2014 $4,779 $171,004 $43,555 $127,449
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Greater McAllen Association of REALTORS®

MLS Number: 355759

Greater McAllen Association of REALTORS®

APN: Q3070-00-000-0001-00