NOT LISTED FOR SALE

2018 Summerland Ln Edinburg, TX 78541

-- Bed
-- Bath
3,898 Sq Ft
10,001 Sq Ft Lot

Last Sold August 07, 2023

27 Days on Market

Highlights

  • Gated Community
  • Tile Flooring
  • Ceiling Fan
  • Laundry closet
  • Central Heating and Cooling System
  • Wood Fence

About This Home

As of August 2023

Excellent investment property in Edinburg, Texas! Built in 2020, this multifamily unit boasts an open floor plan with an island kitchen, beautiful landscaping, spacious patios, and walk-in closets, Located in between Expressway 281 and Jackson Road off of Monte Cristo! All appliances convey.

7.8% CAP rate

Last Agent to Sell the Property

Myra Caridad García

The Agency Austin, Llc Listed on: 05/25/2023

The Agency Austin, Llc

Last Buyer's Agent

Andres Montalvo Hernandez

Keller Williams Realty Rgv

Keller Williams Realty Rgv

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,599

Year Built

  • Built in 2020

Lot Details

  • 10,001 Sq Ft Lot
  • Wood Fence

HOA Fees

  • $42 Monthly HOA Fees

Home Design

  • Quadruplex
  • Slab Foundation
  • Shingle Roof
  • Stucco

Interior Spaces

  • 3,898 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Tile Flooring

Kitchen

  • Electric Cooktop
  • Stove
  • Microwave

Laundry

  • Laundry closet
  • Dryer
  • Washer

Parking

  • Garage
  • 2 Carport Spaces
  • Front Facing Garage

Eco-Friendly Details

  • Energy-Efficient Thermostat

Schools

  • Zavala Elementary School
  • B.L. Garza Middle School
  • Edinburg High School

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number M574500003003500

Community Details

Overview

  • 2 Buildings
  • 4 Units
  • The Montecito Block 3 Hoa, Inc. Association
  • Montecito Subdivision

Building Details

  • Insurance Expense $2,100
  • Maintenance Expense $720
  • Gross Income $54,000

Security

  • Gated Community

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,599

Year Built

Built in 2020

Lot Details

0

HOA Fees

$42 per month

Listing Details

  • Directions: Exit 281 and go west on Montecristo; property will be on the left (south) hand side before Jackson Rd.
  • Year Built: 2020
  • Property Sub Type: Quadruplex
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.2296
  • Road Surface Type: Paved
  • Subdivision Name: Montecito
  • Carport Y N: Yes
  • Garage Yn: No
  • Efficiency: Other, Thermostat
  • Building Stories: 1
  • Non-Allowables: No
  • Repairs YN: Yes
  • Special Features: None
  • Stories: 1

Interior Features

  • Roof: Shingle
  • Appliances: Electric Water Heater, Smooth Electric Cooktop, Microwave, Refrigerator, Stove/Range, Washer
  • Flooring: Tile
  • Living Area: 3898

Exterior Features

  • Exterior Features: Other
  • Interior Amenities: Ceiling Fan(s), Dryer, Microwave, Washer
  • Fencing: Wood
  • Home Warranty: No
  • Construction Type: Stucco
  • Foundation Details: Slab
  • Other Structures: Outbuilding (None)
  • Pool YN: No

Garage/Parking

  • Carport Spaces: 2
  • Covered Parking Spaces: 2
  • Parking Features: Garage Faces Front

Utilities

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

Condo/Co-op/Association

  • Community Features: Gated, Sidewalks
  • Association Fee: 500
  • Association Fee Frequency: Annually
  • Association Name: The Montecito Block 3 HOA, Inc.
  • Association: Yes

Schools

  • Elementary School: Zavala
  • High School: Edinburg H.S.
  • Junior High Dist: Edinburg ISD
  • Middle Or Junior School: B.L. Garza

Lot Info

  • Lot Size Sq Ft: 10000.9404
  • Parcel #: M574500003003500
  • ResoLotSizeUnits: SquareFeet

Building Info

  • Buildings: 2

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 9599

Multi Family

  • Number Of Units In Community: 4
  • Number Of Units Total: 4
  • Annual Gross Income: 54000
  • Insurance Expense: 2100

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/07/2023 08/07/23 Sold -- -- --
06/22/2023 06/22/23 Pending -- -- --
05/25/2023 05/25/23 For Sale $515,000 +33.8% $132 / Sq Ft
09/28/2020 09/28/20 Sold -- -- -- View Prior Sale
08/06/2020 08/06/20 Pending -- -- --
06/17/2020 06/17/20 For Sale $385,000 -- $99 / Sq Ft
Source: Greater McAllen Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Myra Caridad García

    Seller's Agent in 2023

    Myra Caridad García

    The Agency Austin, Llc

    (956) 648-6456

    42 in this area

    186 Total Sales

    Myra Caridad García
    Section Image
  • Andres Montalvo Hernandez

    Buyer's Agent in 2023

    Andres Montalvo Hernandez

    Keller Williams Realty Rgv

    (956) 309-3967

    1 in this area

    5 Total Sales

    Andres Montalvo Hernandez
    Section Image
  • Irene Uribe

    Seller's Agent in 2020

    Irene Uribe

    Texas Landmark Realty Llc

    (956) 492-5638

    19 in this area

    135 Total Sales

    Irene Uribe
    Section Image
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Map

Source: Greater McAllen Association of REALTORS®

MLS Number: 406284

Greater McAllen Association of REALTORS®
Texas Hidalgo County Edinburg 78541

2018 Summerland Ln, Edinburg, TX

Not Listed for Sale

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