NOT LISTED FOR SALE

2502 E Franklin Ave Alton, TX 78573

Estimated Value: $1,192,000

-- Bed
2 Baths
15,200 Sq Ft
$78/Sq Ft Est. Value

Last Sold April 14, 2023

Current estimated payment $8,964/month

76 Days on Market

Highlights

  • 0.5 Acre Lot
  • Built-In Features
  • Laundry closet
  • Sharyland North Junior High School Rated A
  • Patio
  • Tile Flooring

About This Home

As of April 2023

GREAT INVESTMENT OPPORTUNITY! In the fast-growing city of Alton, Tx
Located in the gated subdivision Stewart Landing, Built in 2018 this nine-plex consists of (9) 3 bed, 2 1/2 bath units. Each unit features 2 stories, an open living and dining area, a kitchen with built-in cabinets and granite countertops with appliances included (stove, refrigerator, microwave, washer, dryer), and your own private backyard. 8 of the 9 units are leased, potential yearly gross income of $118,800 once fully leased. Don't miss this opportunity!

Last Agent to Sell the Property

Diana Ayala

Imperio Real Estate Llc Listed on: 01/14/2023

Imperio Real Estate Llc

Last Buyer's Agent

Grace Montalvo

Weichert, Realtors - Montalvo & Associates

Weichert, Realtors - Montalvo & Associates

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $29,025

Year Built

  • Built in 2018

Lot Details

  • 0.5 Acre Lot
  • Wood Fence

HOA Fees

  • $46 Monthly HOA Fees

Home Design

  • Brick Exterior Construction
  • Slab Foundation
  • Shingle Roof

Interior Spaces

  • 15,200 Sq Ft Home
  • 2-Story Property
  • Built-In Features
  • Ceiling Fan
  • Tile Flooring

Kitchen

  • Electric Range
  • Microwave

Laundry

  • Laundry closet
  • Dryer
  • Washer

Parking

  • Garage
  • 18 Carport Spaces
  • Front Facing Garage

Schools

  • Jensen Elementary School
  • B.L. Gray Junior High
  • Sharyland Pioneer High School

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater

Additional Features

  • Energy-Efficient Thermostat
  • Patio

Listing and Financial Details

  • Assessor Parcel Number S606301000001200

Community Details

Overview

  • 9 Units
  • Stewart Landing Association
  • Stewart Landing Subdivision

Building Details

  • Gross Income $118,800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$29,025

Year Built

Built in 2018

Lot Details

0

HOA Fees

$46 per month

Listing Details

  • Directions: from the corner of Steward Rd and Lark Ave go north on Steward Rd for .7 miles and the subdivision will be on your right.
  • Year Built: 2018
  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.5041
  • Road Surface Type: Paved
  • Subdivision Name: Stewart Landing
  • Carport Y N: Yes
  • Garage Yn: No
  • New Construction: No
  • Efficiency: Thermostat
  • Building Stories: 2
  • GMAR_Escrow: 15000
  • Non-Allowables: No
  • Repairs YN: Yes
  • Special Features: None
  • Stories: 2

Interior Features

  • Roof: Shingle
  • Appliances: Electric Water Heater, Microwave, Refrigerator, Stove/Range-Electric Smooth, Washer
  • Flooring: Tile
  • Living Area: 15200

Exterior Features

  • Interior Amenities: Built-in Features, Ceiling Fan(s), Dryer, Microwave
  • Fencing: Wood
  • Lot Features: Sidewalks
  • Home Warranty: No
  • Construction Type: Brick
  • Foundation Details: Slab
  • Other Structures: Outbuilding (None)
  • Patio And Porch Features: Patio
  • Pool YN: No

Garage/Parking

  • Carport Spaces: 18
  • Covered Parking Spaces: 18
  • Parking Features: Garage Faces Front
  • Total Parking Spaces: 18

Utilities

  • Laundry Features: Laundry Area
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Sewer: City Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Sidewalks, Street Lights
  • Association Fee: 550
  • Association Fee Frequency: Annually
  • Association Name: Stewart Landing
  • Association: Yes

Schools

  • Elementary School: Jensen
  • High School: Sharyland Pioneer H.S.
  • Junior High Dist: Mission ISD
  • Middle Or Junior School: B.L. Gray Junior High

Lot Info

  • Lot Size Sq Ft: 21956.8536
  • Parcel #: S606301000001200
  • ResoLotSizeUnits: SquareFeet

Building Info

  • Buildings: 1

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 29025

Multi Family

  • Number Of Units In Community: 9
  • Number Of Units Total: 9
  • Annual Gross Income: 118800

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 10, 2024
Sold by
Beatificato Living Trust and Beatificato Raymond Edward
Bought by
Risi Management Llc
Current Estimated Value
$1,192,000

Purchase Details

Listed on
Jan 14, 2023
Closed on
Apr 14, 2023
Sold by
Warck Properties Llc
Bought by
Beatificato Living Trust
Seller's Agent
Diana Ayala
Imperio Real Estate Llc
Buyer's Agent
Grace Montalvo
Weichert, Realtors - Montalvo & Associates
List Price
$1,550,000
Views
361

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.33%
Original Mortgage
$770,000
Interest Rate
6.65%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 21, 2017
Sold by
V & M Development Llc
Bought by
Warck Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$629,000
Interest Rate
3.91%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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Average Value
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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
Risi Management Llc -- Heritage Title
Beatificato Living Trust -- Heritage Title
Warck Properties Llc -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Beatificato Living Trust $770,000
Previous Owner Warck Properties Llc $629,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/14/2023 04/14/23 Sold -- -- --
04/01/2023 04/01/23 Pending -- -- --
03/02/2023 03/02/23 Price Changed $1,197,500 -0.1% $79 / Sq Ft
02/12/2023 02/12/23 Price Changed $1,199,000 -4.1% $79 / Sq Ft
01/27/2023 01/27/23 Price Changed $1,250,000 -19.4% $82 / Sq Ft
01/14/2023 01/14/23 For Sale $1,550,000 -- $102 / 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 $31,172 $1,538,531 $263,484 $1,275,047
2024 $31,172 $1,359,605 $181,145 $1,178,460
2023 $38,015 $1,661,130 $181,145 $1,479,985
2022 $29,025 $1,178,094 $153,699 $1,024,395
2021 $23,794 $944,919 $131,742 $813,177
2020 $21,885 $827,300 $131,742 $695,558
2019 $21,862 $803,204 $118,568 $684,636
2018 $2,966 $108,687 $108,687 $0
2017 $2,982 $108,687 $108,687 $0
2016 $2,982 $108,687 $108,687 $0
Source: Public Records

Agents Affiliated with this Home

  • Diana Ayala

    Seller's Agent in 2023

    Diana Ayala

    Imperio Real Estate Llc

    (956) 379-0822

    4 in this area

    153 Total Sales

    Diana Ayala
    Section Image
  • Grace Montalvo

    Buyer's Agent in 2023

    Grace Montalvo

    Weichert, Realtors - Montalvo & Associates

    (956) 342-0034

    12 in this area

    77 Total Sales

    Grace Montalvo
    Section Image
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Map

Source: Greater McAllen Association of REALTORS®

MLS Number: 396685

Greater McAllen Association of REALTORS®

APN: S6063-01-000-0012-00

Texas Hidalgo County Alton 78573

2502 E Franklin Ave, Alton, TX

This home is located at 2502 E Franklin Ave, Alton, TX 78573 since 14 January 2023 and is currently estimated at $1,192,000, approximately $78 per square foot. This property was built in 2018. 2502 E Franklin Ave is a home located in Hidalgo County with nearby schools including Jessie L. Jensen Elementary School, Sharyland North Junior High School, and Sharyland Pioneer High School.

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