NOT LISTED FOR SALE

2303 W Candlelight Dr Edinburg, TX 78541

Estimated Value: $377,000 - $501,000

-- Bed
8 Baths
4,060 Sq Ft
$103/Sq Ft Est. Value

Last Sold May 03, 2019

Current estimated payment $2,983/month

98 Days on Market

Highlights

  • High Ceiling
  • No HOA
  • Built-In Features
  • Cavazos Elementary School Rated A-
  • Double Pane Windows
  • Walk-In Closet

About This Home

As of May 2019

Income producing property! This well-maintained four-plex is 100% occupied and is conveniently located near the UT-RGV and HEB. Each unit has 2 bedrooms 2 baths with a spacious open-concept floor-plan. Kitchen includes tile counters, customized cabinets, refrigerator, stove, dishwasher, washer & dryer. Both baths are tub/shower combo with one-vanity. Fenced private patio area. Covered carport parking for 8 vehicles.

Last Agent to Sell the Property

Priscilla Coronado

Re/Max Hacienda Listed on: 12/11/2018

Re/Max Hacienda

Last Buyer's Agent

Non-Participating Agent

Non-Participant

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,882

Year Built

  • Built in 2005

Lot Details

  • 10,564 Sq Ft Lot
  • Privacy Fence
  • Wood Fence

Home Design

  • Quadruplex
  • Brick Exterior Construction
  • Slab Foundation
  • Shingle Roof

Interior Spaces

  • Walk-In Closet
  • 4,060 Sq Ft Home
  • 1-Story Property
  • Built-In Features
  • High Ceiling
  • Ceiling Fan
  • Double Pane Windows
  • Tile Flooring
  • Fire and Smoke Detector

Kitchen

  • Electric Range
  • Dishwasher

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • Garage
  • 8 Carport Spaces
  • Rear-Facing Garage

Schools

  • De La Vina Elementary School
  • Garza Middle School
  • Edinburg North High School

Utilities

  • Central Heating and Cooling System
  • Water Heater

Additional Features

  • Energy-Efficient Thermostat
  • Slab Porch or Patio

Listing and Financial Details

  • Assessor Parcel Number G488000000000500

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 4 Units
  • Golden Crest Apartment Community Subdivision

Building Details

  • Insurance Expense $2,400
  • Gross Income $29,040

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,882

Year Built

Built in 2005

Lot Details

0

Listing Details

  • Directions: North on McColl from 107, east on Chapin, south on Mineral Rights, east on Candlelight Ln
  • Year Built: 2005
  • Property Sub Type: Quadruplex
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.2425
  • Road Surface Type: Paved
  • Subdivision Name: Golden Crest Apartment Community
  • Carport Y N: Yes
  • Garage Yn: No
  • Efficiency: Thermostat
  • Building Stories: 1
  • GMAR_GeocodeConfidence: High
  • GMAR_Escrow: 2500
  • GMAR_LicensedSupervisor: Hector Guerra
  • Non-Allowables: No
  • Repairs YN: No
  • Special Features: None
  • Stories: 1

Interior Features

  • Roof: Shingle
  • Appliances: Water Heater (Other Location), Dishwasher, Dryer, Refrigerator, Stove/Range-Electric Coil, Washer
  • Flooring: Tile
  • Living Area: 4060
  • Window Features: Energy Features (Double Pane Windows)

Exterior Features

  • Interior Amenities: Built-in Features, Ceiling Fan(s), Decorative/High Ceilings, Walk-In Closet(s)
  • Fencing: Privacy, Wood
  • Lot Features: Curb & Gutters
  • Home Warranty: No
  • Construction Type: Brick
  • Foundation Details: Slab
  • Other Structures: Outbuilding (None)
  • Patio And Porch Features: Patio, Patio Slab
  • Pool YN: No

Garage/Parking

  • Carport Spaces: 8
  • Covered Parking Spaces: 8
  • Parking Features: Attached, Garage Faces Rear
  • Total Parking Spaces: 8

Utilities

  • Laundry Features: Laundry Room
  • Security: 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, Sidewalks, Street Lights
  • Association: No

Schools

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

Lot Info

  • Lot Size Sq Ft: 10564.1712
  • Parcel #: G488000000000500
  • ResoLotSizeUnits: SquareFeet

Building Info

  • Buildings: 2

Tax Info

  • Tax Year: 2018
  • Tax Annual Amount: 6882

Multi Family

  • Number Of Units In Community: 4
  • Number Of Units Total: 4
  • Annual Gross Income: 29040
  • Insurance Expense: 2400

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 31, 2024
Sold by
Mlma Investments Llc
Bought by
Arimar Investment Group Llc
Current Estimated Value
$419,333

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,700,000
Outstanding Balance
$1,678,169
Interest Rate
6.61%
Mortgage Type
Credit Line Revolving
Estimated Equity
-$1,257,502

Purchase Details

Listed on
Dec 11, 2018
Closed on
May 3, 2019
Sold by
Chavez Gabriel and Chavez Leticia Rangel
Bought by
Mlma Investments Llc
Seller's Agent
Priscilla Coronado
Re/Max Hacienda
Buyer's Agent
Non-Participating Agent
Non-Participant
List Price
$270,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.57%
Original Mortgage
$530,000
Interest Rate
4.2%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 30, 2008
Sold by
J G Chavez Llc
Bought by
Chavez Gabriel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$159,000
Interest Rate
6.15%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 21, 2005
Sold by
Grimaldo Pablo and Reflection Homes
Bought by
J G Chavez Llc
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
Arimar Investment Group Llc -- Corporation Service
Mlma Investments Llc -- Edwards Abstract
Chavez Gabriel -- San Jacinto Title Services
J G Chavez Llc -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Arimar Investment Group Llc $1,700,000
Previous Owner Mlma Investments Llc $530,000
Previous Owner Chavez Gabriel $159,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/03/2019 05/03/19 Sold -- -- --
03/14/2019 03/14/19 Pending -- -- --
12/06/2018 12/06/18 For Sale $270,000 -- $67 / 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 $8,425 $350,860 $66,553 $284,307
2023 $8,495 $354,070 $66,553 $287,517
2022 $8,238 $316,355 $66,553 $249,802
2021 $6,878 $253,994 $63,384 $190,610
2020 $6,977 $256,440 $63,384 $193,056
2019 $7,181 $258,572 $63,384 $195,188
2018 $6,891 $247,519 $63,384 $184,135
2017 $6,803 $243,489 $63,384 $180,105
2016 $4,858 $173,868 $42,256 $131,612
2015 $4,828 $171,431 $42,256 $129,175
Source: Public Records

Agents Affiliated with this Home

  • N

    Buyer's Agent in 2019

    Non-Participating Agent

    Non-Participant

See All Agents

Map

Source: Greater McAllen Association of REALTORS®

MLS Number: 306642

Greater McAllen Association of REALTORS®

APN: G4880-00-000-0005-00

Texas Hidalgo County Edinburg 78541

2303 W Candlelight Dr, Edinburg, TX

This home is located at 2303 W Candlelight Dr, Edinburg, TX 78541 since 11 December 2018 and is currently estimated at $419,333, approximately $103 per square foot. This property was built in 2005. 2303 W Candlelight Dr is a home located in Hidalgo County with nearby schools including Cavazos Elementary School, B L Garza Middle School, and Edinburg North High School.

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