NOT LISTED FOR SALE

2118 Aruba Dr Unit 56 Edinburg, TX 78541

Estimated Value: $366,000 - $479,000

-- Bed
16 Baths
4,020 Sq Ft
$101/Sq Ft Est. Value

Last Sold September 25, 2012

Current estimated payment $2,799/month

303 Days on Market

Highlights

  • Corner Lot
  • No HOA
  • Central Heating and Cooling System
  • Cavazos Elementary School Rated A-
  • Tile Flooring
  • Ceiling Fan

About This Home

As of September 2012

Great investment opportunity!!! Income producing units. Great location and close to UTPA. Very nice multi-unit neighborhood. This lot has two buildings right next to each other with two units each. In total there are 4 nicely appointed units. Property includes 8 rear carports.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,477

Year Built

  • Built in 2005

Lot Details

  • 0.26 Acre Lot
  • Privacy Fence
  • Corner Lot

Parking

  • 2 Car Garage
  • No Garage
  • Rear-Facing Garage

Home Design

  • Brick Exterior Construction
  • Slab Foundation

Interior Spaces

  • 4,020 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Tile Flooring
  • Fire and Smoke Detector

Schools

  • Trevino Elementary School
  • Garza Middle School
  • Edinburg North High School

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number P323500000005600

Community Details

Overview

  • No Home Owners Association
  • 5 Units
  • Paradise Estates Subdivision

Building Details

  • Gross Income $2,050

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,477

Year Built

Built in 2005

Lot Details

0

Parking

2

Listing Details

  • Directions: Drive north on McColl crossing 107, Schunior, Chapin. On Russell Rd. turn right and on Aruba Dr. turn right. Buildings are located on left hand side. It is a corner lot.
  • Year Built: 2005
  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.2604
  • Road Surface Type: Paved
  • Subdivision Name: Paradise Estates
  • Garage Yn: Yes
  • New Construction: No
  • Efficiency: None
  • Building Stories: 1
  • GMAR_GeocodeConfidence: Unknown
  • Availability: Immediate
  • Non-Allowables: No
  • Repairs YN: No
  • Special Features: None
  • Stories: 1

Interior Features

  • Appliances: Electric Water Heater, No Conveying Appliances
  • Flooring: Tile
  • Living Area: 4020

Exterior Features

  • Exterior Features: None
  • Interior Amenities: Ceiling Fan(s)
  • Fencing: Privacy
  • Lot Features: Corner Lot
  • Construction Type: Brick
  • Foundation Details: Slab
  • Other Structures: Outbuilding (None)

Garage/Parking

  • Garage Spaces: 2
  • Covered Parking Spaces: 2
  • Parking Features: No Garage, Garage Faces Rear

Utilities

  • Security: Smoke Detector(s)
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Sewer: City Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: None
  • Association Fee: 300
  • Association: No

Schools

  • Elementary School: Trevino
  • High School: Edinburg North H.S.
  • Junior High Dist: Edinburg ISD
  • Middle Or Junior School: Garza

Lot Info

  • Lot Size Sq Ft: 11343.024
  • Parcel #: P323500000005600
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 11
  • Tax Annual Amount: 4477

Multi Family

  • Number Of Units In Community: 5
  • Number Of Units Total: 4
  • Annual Gross Income: 2050

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 3, 2014
Sold by
Maldonado Alejo Visuara and Barbeito Maria Jose
Bought by
Mdq Investments Llc
Current Estimated Value
$406,333

Purchase Details

Listed on
Nov 6, 2011
Closed on
Sep 24, 2012
Sold by
Rimaga Llc
Bought by
Maldonado Alejo Visuara
List Price
$209,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.76%
Original Mortgage
$138,000
Interest Rate
3.66%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 24, 2011
Sold by
South Texas Properties
Bought by
Rimaga Llc

Purchase Details

Closed on
May 3, 2011
Sold by
Corona Raul and Gonzalez Danielle Sabrina
Bought by
South Texas Properties

Purchase Details

Closed on
May 2, 2006
Sold by
Garza Evaristo and Garza Nicolasa
Bought by
Corona Raul and Gonzalez Danielle Sabrina

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$157,500
Interest Rate
6.58%
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
Mdq Investments Llc -- None Available
Maldonado Alejo Visuara -- Vltc
Rimaga Llc -- None Available
South Texas Properties $132,000 None Available
South Texas Properties $132,000 None Available
Corona Raul -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Maldonado Alejo Visuara $138,000
Previous Owner Corona Raul $157,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/25/2012 09/25/12 Sold -- -- --
09/04/2012 09/04/12 Pending -- -- --
11/06/2011 11/06/11 For Sale $209,000 -- $52 / 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 $8,061 $347,000 $113,450 $233,550
2024 $8,061 $335,699 $68,637 $267,062
2023 $7,671 $319,713 $68,637 $251,076
2022 $7,638 $293,315 $68,637 $224,678
2021 $7,200 $265,886 $68,637 $197,249
2020 $6,854 $251,907 $53,889 $198,018
2019 $7,056 $254,080 $53,889 $200,191
2018 $6,747 $242,358 $53,889 $188,469
2017 $6,586 $235,713 $51,053 $184,660
2016 $5,276 $188,811 $51,053 $137,758
2015 $5,202 $181,919 $51,053 $130,866
Source: Public Records

Map

Source: Greater McAllen Association of REALTORS®

MLS Number: 151351

Greater McAllen Association of REALTORS®

APN: P3235-00-000-0056-00

Texas Hidalgo County Edinburg 78541

2118 Aruba Dr Unit 56, Edinburg, TX

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