NOT LISTED FOR SALE

2210 Elisa Ln Edinburg, TX 78541

Estimated Value: $1,413,000

-- Bed
2 Baths
18,000 Sq Ft
$78/Sq Ft Est. Value

Last Sold January 11, 2022

Current estimated payment $10,142/month

162 Days on Market

Highlights

  • 0.73 Acre Lot
  • Laundry closet
  • Central Heating and Cooling System
  • No HOA
  • Tile Flooring
  • Ceiling Fan

About This Home

As of January 2022

BRAND NEW ON THE MARKET! This property already making over $12,000 a month, with 6 expired contracts that need rent increase, easily achieve $15,000 in income before end of 2021! Each unit is 2 Bed 2 Bath Individually Water and Light Metered! Superb location walking distance from UTRGV off Jackson North side of University Drive. Priced to sell! Take advantage of this Owner-Managed property kept in great condition and with so much potential for income, market appreciation, cash flow and long term low interest financing by your lender! Seller agreed to lease all new rentals at $750 or more. Long term and steady tenants year round with low vacancies. Docs show current income and expenses. No Profit and Loss or financial statements available. Rent Roll Available. Units include appliances including washer and dryer. Spacious units at aprox 950 SF. Looking for great location, income potential and future appreciation? THIS IS YOUR CHANCE!

Last Agent to Sell the Property

Irene Uribe

Texas Landmark Realty Llc Listed on: 11/19/2020

Last Buyer's Agent

Irene Uribe

Texas Landmark Realty Llc Listed on: 11/19/2020

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $22,851

Year Built

  • Built in 1995

Lot Details

  • 0.73 Acre Lot
  • Wood Fence

Parking

  • No Garage

Home Design

  • Brick Exterior Construction
  • Slab Foundation
  • Composition Shingle Roof

Interior Spaces

  • 18,000 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Fire and Smoke Detector
  • Stove

Flooring

  • Tile
  • Vinyl

Laundry

  • Laundry closet
  • Dryer
  • Washer

Schools

  • Truman Elementary School
  • B.L. Garza Middle School
  • Edinburg North High School

Utilities

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

Listing and Financial Details

  • Assessor Parcel Number L339601000000400

Community Details

Overview

  • No Home Owners Association
  • Las Violetas Subdivision

Building Details

  • Insurance Expense $8,400
  • Maintenance Expense $6,600
  • Gross Income $150,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$22,851

Year Built

Built in 1995

Lot Details

0

Listing Details

  • Directions: North on Jackson West on Elisa Ln. (Behind Luby's off 107)
  • Year Built: 1995
  • Property Sub Type: Apartment
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.7321
  • Road Surface Type: Paved
  • Subdivision Name: Las Violetas
  • Carport Y N: No
  • Garage Yn: No
  • New Construction: No
  • Efficiency: None
  • Building Stories: 2
  • Non-Allowables: No
  • Repairs YN: No
  • Special Features: None
  • Stories: 2

Interior Features

  • Roof: Composition Shingle
  • Appliances: Electric Water Heater, Dryer, Refrigerator, Stove/Range, Washer
  • Flooring: Tile, Vinyl
  • Living Area: 18000

Exterior Features

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

Garage/Parking

  • Parking Features: No Garage

Utilities

  • Utilities: Cable Available
  • Laundry Features: Laundry Closet, Washer/Dryer Connection
  • Security: Smoke Detector(s)
  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Other
  • Association: No

Schools

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

Lot Info

  • Lot Size Sq Ft: 31889.8404
  • Parcel #: L339601000000400
  • ResoLotSizeUnits: SquareFeet

Building Info

  • Buildings: 1

Tax Info

  • Tax Year: 2020
  • Tax Annual Amount: 22851

Multi Family

  • Number Of Units In Community: 1
  • Number Of Units Total: 20
  • Annual Gross Income: 150000
  • Insurance Expense: 8400

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 19, 2020
Closed on
Jan 7, 2022
Sold by
Escutia and Beatriz
Bought by
Violetas 3 Llc
Seller's Agent
Irene Uribe
Texas Landmark Realty Llc
Buyer's Agent
Irene Uribe
Texas Landmark Realty Llc
List Price
$1,550,000
Current Estimated Value
$1,413,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,050,000
Outstanding Balance
$966,944
Interest Rate
3.05%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 3, 2006
Sold by
Espinoza Miguel A and Espinoza Patricia G
Bought by
Escutia Noe and Escutia Beatriz

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$536,250
Interest Rate
6.78%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Violetas 3 Llc -- Corporation Service
Escutia Noe -- Charge Sierra Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Violetas 3 Llc $1,050,000
Previous Owner Escutia Noe $536,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/11/2022 01/11/22 Sold -- -- --
04/30/2021 04/30/21 Pending -- -- --
11/19/2020 11/19/20 For Sale $1,550,000 0.0% $86 / Sq Ft
11/01/2012 11/01/12 Rented -- -- --
10/02/2012 10/02/12 Under Contract -- -- --
07/18/2012 07/18/12 For Rent -- -- --
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 $32,331 $1,300,000 $191,346 $1,108,654
2024 $32,331 $1,346,457 $191,346 $1,155,111
2023 $31,328 $1,305,705 $191,346 $1,114,359
2022 $29,509 $1,133,214 $191,346 $941,868
2021 $24,576 $907,591 $191,346 $716,245
2020 $22,885 $841,103 $191,346 $649,757
2019 $23,571 $848,780 $191,346 $657,434
2018 $21,655 $777,799 $135,537 $642,262
2017 $20,304 $726,671 $135,537 $591,134
2016 $21,868 $782,645 $135,537 $647,108
2015 $20,262 $778,113 $135,537 $642,576
Source: Public Records

Agents Affiliated with this Home

  • Irene Uribe

    Seller's Agent in 2022

    Irene Uribe

    Texas Landmark Realty Llc

    (956) 492-5638

    19 in this area

    135 Total Sales

    Irene Uribe
    Section Image
  • Norma Elizondo

    Seller's Agent in 2012

    Norma Elizondo

    Red Door Real Estate Services

    (956) 533-2249

    6 in this area

    41 Total Sales

    Norma Elizondo
    Section Image
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Map

Source: Greater McAllen Association of REALTORS®

MLS Number: 346429

Greater McAllen Association of REALTORS®

APN: L3396-01-000-0004-00

Texas Hidalgo County Edinburg 78541

2210 Elisa Ln, Edinburg, TX

Not Listed for Sale

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