NOT LISTED FOR SALE

18024 Sago Palm Dr Penitas, TX 78576

Estimated Value: $268,000

-- Bed
12 Baths
3,120 Sq Ft
$86/Sq Ft Est. Value

Last Sold August 15, 2022

Current estimated payment $1,934/month

22 Days on Market

Highlights

  • Corner Lot
  • Storm Windows
  • Tile Flooring
  • No HOA
  • Laundry closet
  • 4-minute walk to Katrina Park

About This Home

As of August 2022

Amazing investment opportunity for your buyer or investor. Fully leased and very well maintained apartment complex. Easy access to 107 highway, close to schools, shopping plaza, restaurants, etc. Appliances included in each apartment. Tile floors for easy maintenance. Each unit has 2 assigned parking lots. (Total of 4 Units).
Great investment opportunity! All units are 2 bedrooms/1 bath. If you are an investor looking to purchase a great income-producing property, look no further! This property is at 100% occupancy. You don't want to miss out on this great opportunity! Call us today for your private showing before this property is gone! AC UNITS HAVE JUST BEEN REPLACED.

Last Agent to Sell the Property

Diana Ortiz

Re/Max Elite Listed on: 06/05/2022

Re/Max Elite

Last Buyer's Agent

Rebeca Bermudez

Tnt Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,497

Year Built

  • Built in 2004

Lot Details

  • 0.5 Acre Lot
  • Corner Lot

Home Design

  • Quadruplex
  • Brick Exterior Construction
  • Composition Shingle Roof

Interior Spaces

  • 3,120 Sq Ft Home
  • 1-Story Property
  • Tile Flooring
  • Storm Windows
  • Stove

Laundry

  • Laundry closet
  • Dryer
  • Washer

Schools

  • Clinton Elementary School
  • Saenz Middle School
  • La Joya High School

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number P927903000011400

Community Details

Overview

  • No Home Owners Association
  • Pueblo De Palmas Subdivision

Building Details

  • Insurance Expense $1,200
  • Maintenance Expense $1,000
  • Gross Income $2,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,497

Year Built

Built in 2004

Lot Details

0

Listing Details

  • Directions: From Mission Head west on E Tom Landry St toward N Conway Ave 0.5 mi Continue onto US-83 BUS W/W Business Hwy 83 Continue to follow US-83 BUS W 0.9 mi Turn right onto W Expy 83/Frontage Rd/E Palma Vista Dr/US-83 Frontage Rd Continue to follow W Expy 83/E Palma Vista Dr/US-83 Frontage Rd 0.8 mi Take the ramp on the left onto I-2 1.4 mi Take exit 131 toward Farm to Market Rd 492/Goodwin Rd/Abram Rd 0.2 mi Merge onto W Expy 83/W Palma Vista Dr/US-83 Frontage Rd Pass by Dairy Queen (on the right in 0.8 mi) 1.2 mi Turn right 0.1 mi Turn right at the 1st cross street onto N Abram Rd 2.1 mi Turn left onto 3 Mile Rd/3 Mile Line Rd/W Mile 3 Rd 1.1 mi Turn right onto Texan Rd 4.0 mi Turn left onto 7 Mile N Rd/W Mile 7 Rd Continue to follow W Mile 7 Rd 2.8 mi Turn right onto Sago Palm Dr Destination will be on the right 472 ft 18024 Sago Palm Dr, Penitas, TX 78576
  • Year Built: 2004
  • Property Sub Type: Quadruplex
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.5001
  • Road Surface Type: Paved
  • Subdivision Name: Pueblo De Palmas
  • Carport Y N: No
  • Garage Yn: No
  • New Construction: No
  • Building Stories: 1
  • GMAR_Escrow: 2500
  • Non-Allowables: No
  • Repairs YN: No
  • Special Features: None
  • Stories: 1

Interior Features

  • Roof: Composition Shingle
  • Appliances: Electric Water Heater, Dryer, Refrigerator, Stove/Range, Washer
  • Flooring: Tile
  • Living Area: 3120
  • Window Features: Energy Feature (Storm Windows)

Exterior Features

  • Exterior Features: None
  • Fencing: None
  • Lot Features: Corner Lot
  • Home Warranty: No
  • Construction Type: Brick
  • Foundation Details: Other
  • Other Structures: Outbuilding (None)
  • Pool YN: No

Garage/Parking

  • Parking Features: Other Garage or Carport

Utilities

  • Laundry Features: Laundry Area, Washer/Dryer Connection
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Sewer: City Sewer

Condo/Co-op/Association

  • Community Features: Other
  • Association: No

Schools

  • Elementary School: Clinton
  • High School: La Joya H.S.
  • Junior High Dist: La Joya ISD
  • Middle Or Junior School: Saenz

Lot Info

  • Lot Size Sq Ft: 21783.9204
  • Parcel #: P927903000011400
  • ResoLotSizeUnits: SquareFeet

Building Info

  • Buildings: 1

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 4497

Multi Family

  • Number Of Units In Community: 1
  • Number Of Units Total: 4
  • Annual Gross Income: 2400
  • Insurance Expense: 1200

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 5, 2022
Closed on
Aug 15, 2022
Sold by
Rene Salinas
Bought by
Perez Daniel
Seller's Agent
Diana Ortiz
Re/Max Elite
Buyer's Agent
Rebeca Bermudez
Tnt Real Estate
List Price
$250,000
Current Estimated Value
$268,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.22%
Original Mortgage
$172,500
Outstanding Balance
$166,232
Interest Rate
5.7%
Mortgage Type
New Conventional
Estimated Equity
$86,768

Purchase Details

Closed on
Oct 4, 2021
Sold by
Cantu Javier
Bought by
Salinas Rene

Purchase Details

Closed on
May 19, 2020
Sold by
Lopez Juan Carlos and Lopez Alejandro
Bought by
Cantu Javier

Purchase Details

Closed on
Jun 21, 2010
Sold by
Campos Petronila O and Campos Victor
Bought by
Cantu Javier

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$68,000
Interest Rate
4.81%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 28, 2005
Sold by
G & D Financial Services Lp
Bought by
Campos Victor

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$16,450
Interest Rate
5.77%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Perez Daniel -- Simplifile
Salinas Rene -- Valley Land Title
Cantu Javier -- None Available
Cantu Javier -- Vltc
Campos Victor -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Perez Daniel $172,500
Previous Owner Cantu Javier $68,000
Previous Owner Ochoa Petronila $14,051
Previous Owner Campos Victor $16,450
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/15/2022 08/15/22 Sold -- -- --
06/26/2022 06/26/22 Pending -- -- --
06/04/2022 06/04/22 For Sale $250,000 -- $80 / 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 $5,693 $309,471 $51,190 $258,281
2023 $5,478 $301,847 $43,566 $258,281
2022 $4,995 $242,980 $43,566 $199,414
2021 $4,497 $218,103 $43,566 $174,537
2020 $4,530 $214,836 $40,299 $174,537
2019 $3,556 $167,861 $40,299 $127,562
2018 $4,423 $208,126 $40,299 $167,827
2017 $2,465 $115,440 $26,140 $89,300
2016 $2,429 $113,748 $26,140 $87,608
2015 $2,257 $103,012 $26,140 $76,872
Source: Public Records

Agents Affiliated with this Home

  • Diana Ortiz

    Seller's Agent in 2022

    Diana Ortiz

    RE/MAX

    (956) 878-5318

    53 Total Sales

    Section Image
  • Rebeca Bermudez

    Buyer's Agent in 2022

    Rebeca Bermudez

    Tnt Real Estate

    (956) 328-8473

    111 Total Sales

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Map

Source: Greater McAllen Association of REALTORS®

MLS Number: 383688

Greater McAllen Association of REALTORS®

APN: P9279-03-000-0114-00

Texas Hidalgo County Penitas 78572

18024 Sago Palm Dr, Penitas, TX

This home is located at 18024 Sago Palm Dr, Penitas, TX 78576 since 05 June 2022 and is currently estimated at $268,000, approximately $85 per square foot. This property was built in 2004. 18024 Sago Palm Dr is a home located in Hidalgo County with nearby schools including William J. Clinton Elementary School, La Joya Isd Head Start Program, and Dr. Javier Saenz Middle 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.

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