NOT LISTED FOR SALE

218 E 19th St Weslaco, TX 78596

Estimated Value: $357,000 - $424,000

Studio
4 Baths
2,007 Sq Ft
$198/Sq Ft Est. Value

Last Sold February 13, 2018

Current estimated payment $2,709/month

276 Days on Market

Highlights

  • No HOA
  • Walk-In Closet
  • Tile Flooring
  • Double Pane Windows
  • Home Security System
  • Central Heating and Cooling System

About This Home

As of February 2018

This 4 plex is located in a prospering area of Weslaco. A brand new neighborhood Wal-mart was constructed across this development.This Wal-Mart was one of the first of its kind introduced to the RGV. The subject four plex has a strong, consistent rent history. All signs continue to show a strong rental market for this area of Weslaco. A brand new 32 unit complex was just constructed across the street with rents in the 725 for a 2/1 bath.

Last Agent to Sell the Property

Nick Cantu

Fox Real Estate Pros Listed on: 04/25/2017

Fox Real Estate Pros

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,829

Year Built

  • Built in 2007

Lot Details

  • 10,585 Sq Ft Lot
  • Partially Fenced Property

Parking

  • 8 Car Garage
  • No Garage

Home Design

  • Brick Exterior Construction
  • Slab Foundation

Interior Spaces

  • Walk-In Closet
  • 2,007 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Double Pane Windows
  • Tile Flooring
  • Stove

Home Security

  • Home Security System
  • Fire and Smoke Detector

Schools

  • Margo Elementary School
  • Cuellar Middle School
  • Weslaco High School

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number W223200002000300

Community Details

Overview

  • No Home Owners Association
  • 5 Units
  • Weslaco Business Park Subdivision

Building Details

  • Insurance Expense $3,000
  • Maintenance Expense $900
  • Gross Income $32,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,829

Year Built

Built in 2007

Lot Details

0

Parking

8

Listing Details

  • Directions: From Expressway head south on Texas Blvd approx (3.4 miles). On Texas and 18th st. turn east approx (800 ft). turn south on the first street. The four-plex is to the rear of the development.
  • Year Built: 2007
  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.243
  • Road Surface Type: Paved
  • Subdivision Name: Weslaco Business Park
  • Carport Y N: No
  • Garage Yn: Yes
  • New Construction: No
  • Building Stories: 1
  • GMAR_GeocodeConfidence: Unknown
  • GMAR_LicensedSupervisor: Lee Jinks
  • Non-Allowables: No
  • Repairs YN: Yes
  • Special Features: None
  • Stories: 1

Interior Features

  • Appliances: Electric Water Heater, Refrigerator, Stove/Range
  • Flooring: Tile
  • Living Area: 2007
  • Window Features: Energy Features (Double Pane Windows)

Exterior Features

  • Exterior Features: None
  • Interior Amenities: Ceiling Fan(s), Walk-In Closet(s)
  • Fencing: Partial
  • Lot Features: Sidewalks
  • Construction Type: Brick
  • Foundation Details: Slab
  • Other Structures: Outbuilding (None)

Garage/Parking

  • Garage Spaces: 8
  • Covered Parking Spaces: 8
  • Parking Features: No Carport, No Garage

Utilities

  • Utilities: Cable Available
  • Security: Security System, 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: Margo
  • High School: Weslaco H.S.
  • Junior High Dist: Weslaco ISD
  • Middle Or Junior School: Cuellar

Lot Info

  • Lot Size Sq Ft: 10585.08
  • Parcel #: W223200002000300
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2016
  • Tax Annual Amount: 4829

Multi Family

  • Number Of Units In Community: 5
  • Number Of Units Total: 4
  • Annual Gross Income: 32400
  • Insurance Expense: 3000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 25, 2017
Closed on
Feb 13, 2018
Sold by
Resendez Ricardo
Bought by
Vetm Llc
Seller's Agent
Nick Cantu
Fox Real Estate Pros
List Price
$239,000
Current Estimated Value
$396,667

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.87%
Original Mortgage
$174,400
Outstanding Balance
$147,552
Interest Rate
3.95%
Mortgage Type
Commercial
Estimated Equity
$249,115
Source: Public Records
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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
Vetm Llc -- San Jacinto Title Services M
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Vetm Llc $174,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/13/2018 02/13/18 Sold -- -- --
01/26/2018 01/26/18 Pending -- -- --
04/25/2017 04/25/17 For Sale $239,000 -- $119 / 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 $7,859 $310,220 $75,032 $235,188
2024 $7,859 $310,220 $75,032 $235,188
2023 $7,396 $292,650 $75,032 $217,618
2022 $6,514 $254,478 $42,272 $212,206
2021 $5,858 $225,345 $42,272 $183,073
2020 $5,656 $212,000 $42,272 $169,728
2019 $6,256 $229,268 $42,272 $186,996
2018 $5,989 $218,909 $42,272 $176,637
2017 $5,880 $215,719 $42,272 $173,447
2016 $4,740 $173,895 $42,272 $131,623
2015 $4,037 $152,463 $42,272 $110,191
Source: Public Records

Agents Affiliated with this Home

  • Nick Cantu

    Seller's Agent in 2018

    Nick Cantu

    Fox Real Estate Pros

    (956) 280-0405

    1 in this area

    18 Total Sales

    Nick Cantu
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Map

Source: Greater McAllen Association of REALTORS®

MLS Number: 206588

Greater McAllen Association of REALTORS®

APN: W2232-00-002-0003-00

Texas Hidalgo County Weslaco 78596

218 E 19th St, Weslaco, TX

Not Listed for Sale

MultiFamily

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