NOT LISTED FOR SALE

221 Mile 1 4 Dr N Mission, TX 78574

La Homa Neighborhood

Estimated Value: $839,000

-- Bed
2 Baths
14,560 Sq Ft
$58/Sq Ft Est. Value

Last Sold July 09, 2021

Current estimated payment $6,318/month

67 Days on Market

Highlights

  • 2.69 Acre Lot
  • Cooling Available
  • Tile Flooring
  • No HOA
  • Laundry closet
  • Ceiling Fan

About This Home

As of July 2021

Incredible income producing property!!! Located in a growing community in Palmview just minutes away from many businesses and restaurants this income producing property features 20 units. Each unit has 2 bedrooms, 1 bathroom and have been gradually remodeled and updated over the last 5 years. In 2016 roof was replaced on all 3 buildings and in 2020 all units have had fresh paint, new faucets, appliances, ceiling fans, etc. Approximately 50% of the entire complex has tile flooring and the other 50% have linoleum flooring. Don't miss out on this great investment deal! Call me today for more information and to schedule your viewing appointment.

Last Agent to Sell the Property

Jaime Lee Gonzalez

Keller Williams Realty RGV Listed on: 03/06/2021

Keller Williams Realty RGV

Last Buyer's Agent

Ronnie Ontiveros

Nexthome Rgv Realty

Nexthome Rgv Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $15,947

Year Built

  • Built in 1992

Lot Details

  • 2.69 Acre Lot
  • Irregular Lot

Home Design

  • Slab Foundation
  • Shingle Roof
  • Stucco

Interior Spaces

  • 14,560 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Tile Flooring
  • Electric Cooktop
  • Laundry closet

Parking

  • 20 Carport Spaces
  • No Garage

Schools

  • Reyna Elementary School
  • Garcia Middle School
  • Palmview High School

Utilities

  • Cooling Available
  • Heating Available
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number P030000000001400

Community Details

Overview

  • No Home Owners Association
  • 3 Buildings
  • 3 Units
  • Palm Acres Estate Subdivision

Building Details

  • Gross Income $10,700

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,947

Year Built

Built in 1992

Lot Details

0

Listing Details

  • Directions: From Expressway 83 exit Bentsen Palm Rd, go north on Bentsen Palm Rd to Mile 1 1/4/Rio Palm St, turn right. Property will be on the right at end of street.
  • Year Built: 1992
  • Property Sub Type: Apartment
  • Prop. Type: Residential Income
  • Lot Size Acres: 2.6904
  • Road Surface Type: Paved
  • Subdivision Name: Palm Acres Estate
  • Carport Y N: Yes
  • Garage Yn: No
  • Efficiency: None
  • Building Stories: 1
  • GMAR_Escrow: 10000
  • Non-Allowables: No
  • Repairs YN: Yes
  • Special Features: None
  • Stories: 1

Interior Features

  • Roof: Shingle
  • Appliances: Electric Water Heater, Electric Cooktop, Refrigerator
  • Flooring: Other, Tile
  • Living Area: 14560

Exterior Features

  • Exterior Features: None
  • Interior Amenities: Ceiling Fan(s)
  • Fencing: None
  • Lot Features: Irregular Lot
  • Home Warranty: No
  • Construction Type: Stucco
  • Foundation Details: Slab
  • Other Structures: Outbuilding (None)
  • Pool YN: No

Garage/Parking

  • Carport Spaces: 20
  • Covered Parking Spaces: 20
  • Parking Features: No Garage
  • Total Parking Spaces: 20

Utilities

  • Laundry Features: Laundry Area
  • Cooling: Electric
  • Cooling Y N: Yes
  • Heating: Electric
  • Heating Yn: Yes
  • Sewer: City Sewer

Condo/Co-op/Association

  • Community Features: None
  • Association: No

Schools

  • Elementary School: Reyna
  • High School: Palmview H.S.
  • Junior High Dist: Mission ISD
  • Middle Or Junior School: Garcia

Lot Info

  • Lot Size Sq Ft: 117193.824
  • Parcel #: P030000000001400
  • ResoLotSizeUnits: Acres

Building Info

  • Buildings: 3

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 15947

Multi Family

  • Number Of Units In Community: 3
  • Number Of Units Total: 20
  • Annual Gross Income: 10700

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 6, 2021
Closed on
Jul 2, 2021
Sold by
Oofrr Llc
Bought by
Dm International Llc
Seller's Agent
Jaime Lee Gonzalez
Keller Williams Realty RGV
Buyer's Agent
Ronnie Ontiveros
Nexthome Rgv Realty
List Price
$1,100,000
Current Estimated Value
$839,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$807,500
Outstanding Balance
$740,576
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 16, 2015
Sold by
Ordonez Rental Llc
Bought by
Oofrr Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$382,500
Interest Rate
3.99%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 14, 2015
Sold by
Salinas Rigoberto and Salinas Belgica
Bought by
Ordonez Rental Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$350,000
Interest Rate
3.89%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 12, 1998
Sold by
La Homa Investments Inc
Bought by
Texas State Bank
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Dm International Llc -- --
Oofrr Llc -- Attorney
Ordonez Rental Llc -- None Available
Texas State Bank $251,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Dm International Llc $807,500
Previous Owner Oofrr Llc $382,500
Previous Owner Ordonez Rental Llc $350,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/09/2021 07/09/21 Sold -- -- --
05/11/2021 05/11/21 Pending -- -- --
03/19/2021 03/19/21 For Sale $1,100,000 0.0% $76 / Sq Ft
03/12/2021 03/12/21 Pending -- -- --
03/05/2021 03/05/21 For Sale $1,100,000 -- $76 / 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 $22,178 $879,431 $175,792 $703,639
2023 $22,115 $889,130 $175,792 $713,338
2022 $19,580 $722,975 $175,792 $547,183
2021 $15,880 $590,691 $175,792 $414,899
2020 $13,971 $514,843 $175,792 $339,051
2019 $13,831 $509,746 $175,792 $333,954
2018 $14,300 $525,660 $175,792 $349,868
2017 $14,221 $525,660 $146,494 $379,166
2016 $14,216 $525,460 $143,773 $381,687
2015 $1,027 $557,996 $143,773 $414,223
Source: Public Records

Agents Affiliated with this Home

  • Jaime Lee Gonzalez

    Seller's Agent in 2021

    Jaime Lee Gonzalez

    Keller Williams Realty RGV

    (956) 515-8400

    3 in this area

    693 Total Sales

    Jaime Lee Gonzalez
    Section Image
  • Ronnie Ontiveros

    Buyer's Agent in 2021

    Ronnie Ontiveros

    Nexthome Rgv Realty

    (956) 802-6649

    2 in this area

    130 Total Sales

    Ronnie Ontiveros
    Section Image
See All Agents

Map

Source: Greater McAllen Association of REALTORS®

MLS Number: 353018

Greater McAllen Association of REALTORS®

APN: P0300-00-000-0014-00

Texas Hidalgo County Mission 78574 La Homa

221 Mile 1 4 Dr N, Mission, TX

This home is located at 221 Mile 1 4 Dr N, Mission, TX 78574 since 06 March 2021 and is currently estimated at $839,000, approximately $57 per square foot. This property was built in 1992. 221 Mile 1 4 Dr N is a home located in Hidalgo County with nearby schools including E.B. Reyna Elementary School, La Joya Isd Head Start Program, and Irene M. Garcia 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.

Greater McAllen Association of REALTORS® The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of Greater McAllen Association of Realtors. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Information deemed reliable but not guaranteed.

Copyright 2025 Greater McAllen Association of Realtors. All rights reserved.

Nearby Homes