Seller's Agent in 2021
Boone Tyson
Tnt Real Estate
(956) 621-6714
167 Total Sales
1805 Norma Ln Edinburg, TX 78539
Estimated Value: $381,000
--
Bed
8
Baths
4,957
Sq Ft
$77/Sq Ft
Est. Value
Highlights
- Mature Trees
- High Ceiling
- Covered Patio or Porch
- Freddy Gonzalez Elementary School Rated A-
- No HOA
- 4-minute walk to Citrus Park
About This Home
As of November 2021This property has been stabilized with updates, repairs, and rent increases. All units are fully occupied with written leases in place. The only unit that has been completely updated is rented currently at $800. All other units are currently at $650. There is also a coin laundry facility on site that generates $75-$125 per month. The size of the laundry area is roughly 250 feet. It is attached to a storage room that is about 120 feet. We have contemplated turning this total additional footage into a studio and also adding washer and dryer hookups to a closet in the units to increase rent revenue. There is definitely room to update and increase rental rates and values. It has a large private yard in the front and ample parking with room to add additional parking spaces. All AC units were serviced recently with a couple of them replaced as needed. Currently priced at $70,000 per door.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $8,774
Year Built
- Built in 1993
Lot Details
- 0.44 Acre Lot
- Chain Link Fence
- Irregular Lot
- Mature Trees
Parking
- No Garage
Home Design
- Brick Exterior Construction
- Slab Foundation
- Composition Shingle Roof
Interior Spaces
- 4,957 Sq Ft Home
- 1-Story Property
- High Ceiling
- Ceiling Fan
- Fire and Smoke Detector
- Gas Range
- Laundry Room
Flooring
- Laminate
- Tile
- Vinyl
Schools
- Freddy Gonzalez Elementary School
- South Middle School
- Vela High School
Utilities
- Central Heating and Cooling System
- Electric Water Heater
- Cable TV Available
Additional Features
- Energy-Efficient Thermostat
- Covered Patio or Porch
Listing and Financial Details
- Assessor Parcel Number C485003000011300
Community Details
Overview
- No Home Owners Association
- Citrus Estates Subdivision
Building Details
- Insurance Expense $2,912
- Maintenance Expense $4,260
- Gross Income $49,600
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Nov 10, 2021
Closed on
Dec 1, 2021
Sold by
Very Good Real Estate Llc
Bought by
Cahupala Series Llc
Seller's Agent
Boone Tyson
Tnt Real Estate
Buyer's Agent
Anthony Longoria
List Price
$420,000
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.90%
Purchase Details
Closed on
Sep 29, 2012
Sold by
Green Tree Servicing Llc
Bought by
Martinez Jose Alberto
Purchase Details
Closed on
Mar 17, 2006
Sold by
Rci Development Sprague Ltd
Bought by
Arellano Bianca G
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$20,400
Interest Rate
6.5%
Mortgage Type
Commercial
Purchase Details
Closed on
Dec 30, 1996
Sold by
R & C Investors L L C
Bought by
Sondrol Charles
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
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Cahupala Series Llc | -- | Sierra Title | |
| Martinez Jose Alberto | -- | None Available | |
| Arellano Bianca G | -- | None Available | |
| Sondrol Charles | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Arellano Bianca G | $20,400 | |
| Closed | Martinez Jose Alberto | $0 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 11/30/2021 11/30/21 | Sold | -- | -- | -- |
| 11/24/2021 11/24/21 | Pending | -- | -- | -- |
| 11/10/2021 11/10/21 | For Sale | $420,000 | -- | $85 / Sq Ft |
Source: Greater McAllen Association of REALTORS®
Tax History Compared to Growth
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 | $7,639 | $318,140 | $116,754 | $201,386 |
| 2023 | $7,633 | $318,140 | $116,754 | $201,386 |
| 2022 | $7,890 | $302,990 | $116,754 | $186,236 |
| 2021 | $7,965 | $294,165 | $116,754 | $177,411 |
| 2020 | $7,047 | $259,000 | $116,754 | $142,246 |
| 2019 | $7,193 | $259,000 | $116,754 | $142,246 |
| 2018 | $8,796 | $315,942 | $116,754 | $199,188 |
| 2017 | $7,190 | $257,338 | $76,560 | $180,778 |
| 2016 | $7,202 | $257,769 | $76,560 | $181,209 |
| 2015 | $6,765 | $254,965 | $76,560 | $178,405 |
Source: Public Records
Agents Affiliated with this Home
-
Boone Tyson
-
Anthony Longoria
Buyer's Agent in 2021
Anthony Longoria
(956) 240-0890
153 Total Sales
Map
Source: Greater McAllen Association of REALTORS®
MLS Number: 369285
APN: C4850-03-000-0113-00
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