NOT LISTED FOR SALE

1601 S Oregon Ave Weslaco, TX 78596

Estimated Value: $228,000 - $314,000

-- Bed
4 Baths
2,500 Sq Ft
$108/Sq Ft Est. Value

Last Sold November 07, 2023

Current estimated payment $1,894/month

104 Days on Market

Highlights

  • Mature Trees
  • No HOA
  • Tile Flooring
  • Corner Lot
  • Walk-In Closet
  • Outdoor Storage

About This Home

As of November 2023

Calling all savvy investors! Here's a rare opportunity to purchase a fully rented corner-lot fourplex in a prime location, offering enormous potential for value enhancement. Situated in a highly desirable neighborhood, with close proximity to Knapp Medical Center, Amado Cuellar Middle School, Central Middle School, Early College High School and well-known business Hwy 83 E. Each 1 Bedroom, 1 Bath unit features a well-designed floor plan with an open living and kitchen area and ample bedroom. Each bedroom has its own full bathroom with a walk-in shower and closet. Additionally, this property offers storage space for each unit and a detached garage with TLC and lots of potential to be converted in additional living space, an exterior covered patio or as an income producing additional storage.

Last Agent to Sell the Property

Mariana Arce

Effective Real Estate Listed on: 07/03/2023

Last Buyer's Agent

Roy Ramirez

Davis Real Estate Rgv, Llc

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,802

Year Built

  • Built in 1986

Lot Details

  • 0.25 Acre Lot
  • Corner Lot
  • Mature Trees

Home Design

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

Interior Spaces

  • 2,500 Sq Ft Home
  • 1-Story Property
  • Tile Flooring
  • Stove

Bedrooms and Bathrooms

  • Split Bedroom Floorplan
  • Walk-In Closet

Parking

  • Garage
  • 8 Carport Spaces
  • Rear-Facing Garage

Outdoor Features

  • Outdoor Storage

Schools

  • Magee Elementary School
  • Cuellar Middle School
  • Weslaco East High School

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number K690000003000100

Community Details

Overview

  • No Home Owners Association
  • Kingwood Estates Subdivision

Building Details

  • Maintenance Expense $3,000
  • Gross Income $21,900

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,802

Year Built

Built in 1986

Lot Details

0

Listing Details

  • Directions: From E Expressway 83/ E Frontage Rd/ U. S 83 Frontage Rd S turn right onto N Bridge Ave, then turn right toward S 16th St and left onto S Oregon Ave your destination will be on the left.
  • Year Built: 1986
  • Property Sub Type: Quadruplex
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.254
  • Road Surface Type: Paved
  • Subdivision Name: Kingwood Estates
  • Carport Y N: Yes
  • Garage Yn: No
  • Efficiency: None
  • Building Stories: 1
  • Non-Allowables: No
  • Repairs YN: No
  • Special Features: None
  • Stories: 1

Interior Features

  • Roof: Composition Shingle
  • Appliances: Electric Water Heater, Refrigerator, Stove/Range
  • Flooring: Tile
  • Living Area: 2500

Exterior Features

  • Exterior Features: Mature Trees, Workshop
  • Interior Amenities: Split Bedrooms, Walk-In Closet(s)
  • Fencing: None
  • Lot Features: Corner Lot, Mature Trees
  • Home Warranty: No
  • Construction Type: Brick
  • Foundation Details: Slab
  • Other Structures: Outbuilding (None), Storage
  • Pool YN: No

Garage/Parking

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

Utilities

  • Laundry Features: None
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Sewer: City Sewer

Condo/Co-op/Association

  • Community Features: None
  • Association: No

Schools

  • Elementary School: Magee
  • High School: Weslaco East H.S.
  • Junior High Dist: Weslaco ISD
  • Middle Or Junior School: Cuellar

Lot Info

  • Lot Size Sq Ft: 11063.8044
  • Parcel #: K690000003000100
  • ResoLotSizeUnits: SquareFeet

Building Info

  • Buildings: 1

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 4802

Multi Family

  • Number Of Units In Community: 1
  • Number Of Units Total: 4
  • Annual Gross Income: 21900

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 3, 2023
Closed on
Nov 3, 2023
Sold by
Escamilla Ambrosio and Escamilla Hermelinda
Bought by
Guin Cameron P
Seller's Agent
Mariana Arce
Effective Real Estate
Buyer's Agent
Roy Ramirez
Davis Real Estate Rgv, Llc
List Price
$249,000
Views
53
Current Estimated Value
$271,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.30%
Original Mortgage
$165,750
Outstanding Balance
$162,752
Interest Rate
7.31%
Mortgage Type
New Conventional
Estimated Equity
$108,248

Purchase Details

Closed on
Jan 1, 2014
Sold by
Mbf Development Ltd
Bought by
Galeano Oscar and Ybarra Inez

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$24,400
Interest Rate
4.26%
Mortgage Type
Purchase Money Mortgage
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
Guin Cameron P -- Corporation Service
Galeano Oscar -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Guin Cameron P $165,750
Previous Owner Galeano Oscar $24,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/07/2023 11/07/23 Sold -- -- --
10/16/2023 10/16/23 Pending -- -- --
07/03/2023 07/03/23 For Sale $249,000 -- $100 / 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 $5,599 $221,000 $78,554 $142,446
2024 $5,599 $221,000 $78,554 $142,446
2023 $6,975 $275,988 $78,554 $197,434
2022 $4,802 $187,624 $44,256 $143,368
2021 $4,396 $169,101 $44,256 $124,845
2020 $4,512 $169,101 $44,256 $124,845
2019 $4,658 $170,691 $44,256 $126,435
2018 $4,498 $164,434 $44,256 $120,178
2017 $3,807 $139,678 $44,256 $95,422
2016 $2,962 $108,653 $38,724 $69,929
2015 $2,977 $107,798 $38,724 $69,074
Source: Public Records

Agents Affiliated with this Home

  • Mariana Arce

    Seller's Agent in 2023

    Mariana Arce

    Effective Real Estate

    (956) 566-5114

    6 in this area

    16 Total Sales

    Mariana Arce
    Section Image
  • Roy Ramirez

    Buyer's Agent in 2023

    Roy Ramirez

    Davis Real Estate Rgv, Llc

    (956) 376-0799

    10 in this area

    33 Total Sales

    Roy Ramirez
    Section Image
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Map

Source: Greater McAllen Association of REALTORS®

MLS Number: 409325

Greater McAllen Association of REALTORS®

APN: K6900-00-003-0001-00

Texas Hidalgo County Weslaco 78596

1601 S Oregon Ave, Weslaco, TX

Not Listed for Sale

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