NOT LISTED FOR SALE

1602 W Portales Dr Unit 1,2,3,4 Edinburg, TX 78541

Estimated Value: $364,000 - $401,000

-- Bed
4 Baths
3,808 Sq Ft
$100/Sq Ft Est. Value

Last Sold March 23, 2018

Current estimated payment $2,486/month

115 Days on Market

Highlights

  • No HOA
  • Patio
  • Central Heating and Cooling System
  • Double Pane Windows
  • Tile Flooring
  • Ceiling Fan

About This Home

As of March 2018

This 4plex is just minutes from UTRGV University. All units are 2 Bedroom/2 Bath spacious units with Granite countertops in the kitchen and Bathrooms. Well Maintained. Stove, Refrigerator, washer and dryer convey with the property. 8.5% Return with current sales price. Potential for Rent Increases. A Investors dream.

Last Agent to Sell the Property

Ravi Murjani

Encore Fine Properties Listed on: 09/27/2017

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,391

Year Built

  • Built in 2004

Lot Details

  • 0.32 Acre Lot
  • Partially Fenced Property
  • Privacy Fence

Parking

  • 8 Car Garage
  • No Garage
  • Rear-Facing Garage
  • On-Street Parking
  • Open Parking

Home Design

  • Brick Exterior Construction
  • Slab Foundation

Interior Spaces

  • 3,808 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Double Pane Windows
  • Tile Flooring
  • Fire and Smoke Detector
  • Stove

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Patio

Schools

  • Truman Elementary School
  • B.L. 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 L635700000002800

Community Details

Overview

  • No Home Owners Association
  • 5 Units
  • Los Portales Subdivision

Building Details

  • Maintenance Expense $300
  • Gross Income $30,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,391

Year Built

Built in 2004

Lot Details

0

Parking

8

Listing Details

  • Directions: Go North on Sugar Road passing University drive. Pass Chapin. West on Portales drive. Property on left.
  • Year Built: 2004
  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.3183
  • Road Surface Type: Paved
  • Subdivision Name: Los Portales
  • Garage Yn: Yes
  • New Construction: No
  • Building Stories: 1
  • GMAR_GeocodeConfidence: Unknown
  • GMAR_Escrow: 2500
  • GMAR_LicensedSupervisor: Tarunkumar Murjani
  • Non-Allowables: No
  • Repairs YN: No
  • Special Features: None
  • Stories: 1

Interior Features

  • Appliances: Electric Water Heater, Dryer, Refrigerator, Stove/Range, Washer
  • Flooring: Tile
  • Living Area: 3808
  • Window Features: Energy Features (Double Pane Windows)

Exterior Features

  • Interior Amenities: Ceiling Fan(s)
  • Fencing: Partial, Privacy
  • Lot Features: Sidewalks
  • Construction Type: Brick
  • Foundation Details: Slab
  • Other Structures: Outbuilding (None)
  • Patio And Porch Features: Patio

Garage/Parking

  • Garage Spaces: 8
  • Covered Parking Spaces: 8
  • Open Parking: Yes
  • Parking Features: On Street, No Garage, Garage Faces Rear
  • Total Parking Spaces: 8

Utilities

  • Utilities: Cable Available
  • 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: 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: 13865.148
  • Parcel #: L635700000002800
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2016
  • Tax Annual Amount: 5391

Multi Family

  • Number Of Units In Community: 5
  • Number Of Units Total: 4
  • Annual Gross Income: 30000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 31, 2020
Sold by
Prado Elias N
Bought by
Amid Equities
Current Estimated Value
$382,333

Purchase Details

Listed on
Sep 27, 2017
Closed on
Mar 23, 2018
Sold by
Murjani Investment Group Llc
Bought by
Prado Elias
Seller's Agent
Ravi Murjani
Encore Fine Properties
List Price
$275,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.65%
Original Mortgage
$252,000
Interest Rate
4.4%
Mortgage Type
VA
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
Amid Equities -- Vltc
Prado Elias -- Valley Land Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Prado Elias $252,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/23/2018 03/23/18 Sold -- -- --
01/20/2018 01/20/18 Pending -- -- --
09/27/2017 09/27/17 For Sale $275,000 -- $72 / 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 $5,583 $240,661 $138,630 $102,031
2024 $5,583 $232,523 $77,633 $154,890
2023 $5,579 $232,523 $77,633 $154,890
2022 $5,767 $221,450 $77,633 $143,817
2021 $5,822 $215,000 $71,394 $143,606
2020 $5,850 $215,000 $65,850 $149,150
2019 $7,013 $252,542 $65,850 $186,692
2018 $6,790 $243,900 $65,849 $178,051
2017 $6,062 $216,942 $63,077 $153,865
2016 $5,391 $192,935 $63,077 $129,858
2015 $5,238 $186,167 $63,077 $123,090
Source: Public Records

Agents Affiliated with this Home

  • Ravi Murjani

    Seller's Agent in 2018

    Ravi Murjani

    Encore Fine Properties

    (956) 821-6170

    75 Total Sales

    Ravi Murjani
    Section Image
See All Agents

Map

Source: Greater McAllen Association of REALTORS®

MLS Number: 212391

Greater McAllen Association of REALTORS®

APN: L6357-00-000-0028-00

Texas Hidalgo County Edinburg 78541

1602 W Portales Dr Unit 1,2,3,4, Edinburg, TX

This home is located at 1602 W Portales Dr Unit 1,2,3,4, Edinburg, TX 78541 since 27 September 2017 and is currently estimated at $382,333, approximately $100 per square foot. This property was built in 2004. 1602 W Portales Dr Unit 1,2,3,4 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