NOT LISTED FOR SALE

2503 Cervantes Ave Unit 1,2,3,4,5,6 Edinburg, TX 78541

Estimated Value: $770,833

-- Bed
4 Baths
6,904 Sq Ft
$112/Sq Ft Est. Value

Last Sold April 13, 2016

Current estimated payment $5,952/month

8 Days on Market

Highlights

  • 0.42 Acre Lot
  • Cul-De-Sac
  • Home Security System
  • No HOA
  • Double Pane Windows
  • Tile Flooring

About This Home

As of April 2016

GREAT INVESTMENT OPPORTUNITY IN EXCELLENT LOCATION! 6 BEAUTIFUL UNITS WITH ONE, TWO AND THREE BEDROOMS DIFFERENT SIZES AND SPACIOUS DESIGNS, NICE ATMOSPHERE, IMMACULATE CONDITION, CLOSE TO UTRGV UNIVERSITY, RESTAURANTS, STORES, HOSPITALS.

Last Agent to Sell the Property

Alba Torres De Bussey

Star Realty Group, Llc Listed on: 02/14/2016

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,613

Year Built

  • Built in 2004

Lot Details

  • 0.42 Acre Lot
  • Cul-De-Sac
  • Partially Fenced Property
  • Sprinkler System

Parking

  • 12 Car Garage
  • No Garage
  • Rear-Facing Garage
  • Open Parking
  • Off-Street Parking

Home Design

  • Brick Exterior Construction
  • Slab Foundation
  • Wood Siding

Interior Spaces

  • 6,904 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Double Pane Windows
  • Tile Flooring

Kitchen

  • Stove
  • Microwave

Laundry

  • Dryer
  • Washer

Home Security

  • Home Security System
  • Fire and Smoke Detector

Eco-Friendly Details

  • Energy-Efficient Thermostat

Schools

  • De La Vina Elementary School
  • B.L. Gray Junior High
  • Edinburg High School

Utilities

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

Listing and Financial Details

  • Assessor Parcel Number L626901000000200

Community Details

Overview

  • No Home Owners Association
  • 5 Units
  • Los Molinos Subdivision

Building Details

  • Insurance Expense $3,000
  • Maintenance Expense $1,200
  • Gross Income $55,080

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,613

Year Built

Built in 2004

Lot Details

0

Parking

12

Listing Details

  • Directions: NORTH McCOLL CROSSING 107 UNTIL SHUNNIOR TAKE THE RIGHT UNTIL LA MANCHA STREET TO THE RIGHT YOU FIND CERVANTES TO THE LEFT.
  • Year Built: 2004
  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.4156
  • Road Surface Type: Paved
  • Subdivision Name: Los Molinos
  • Garage Yn: Yes
  • New Construction: No
  • Efficiency: Thermostat
  • Building Stories: 1
  • GMAR_GeocodeConfidence: Unknown
  • GMAR_LicensedSupervisor: Dendea Balli
  • Non-Allowables: No
  • Repairs YN: Yes
  • Special Features: None
  • Stories: 1

Interior Features

  • Appliances: Electric Water Heater, Dryer, Microwave, Refrigerator, Stove/Range, Washer
  • Flooring: Tile
  • Living Area: 6904
  • Window Features: Energy Features (Double Pane Windows)

Exterior Features

  • Exterior Features: None
  • Interior Amenities: Ceiling Fan(s)
  • Fencing: Partial
  • Lot Features: Cul-De-Sac, Professional Landscaping, Sidewalks, Sprinkler System
  • Construction Type: Brick, Block, Wood Siding
  • Foundation Details: Slab
  • Other Structures: Outbuilding (None)

Garage/Parking

  • Garage Spaces: 12
  • Covered Parking Spaces: 12
  • Open Parking: Yes
  • Parking Features: Off Street, Detached, No Garage, Other Garage or Carport, Garage Faces Rear

Utilities

  • Utilities: Internet Access, Cable Available
  • Laundry Features: Washer/Dryer Connection
  • 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: De La Vina
  • High School: Edinburg H.S.
  • Junior High Dist: Edinburg ISD
  • Middle Or Junior School: B.L. Gray Junior High

Lot Info

  • Lot Size Sq Ft: 18103.536
  • Parcel #: L626901000000200
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2015
  • Tax Annual Amount: 10613

Multi Family

  • Number Of Units In Community: 5
  • Number Of Units Total: 6
  • Annual Gross Income: 55080
  • Insurance Expense: 3000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 14, 2016
Closed on
Apr 13, 2016
Sold by
Waldo Luis and Waldo Teresa S
Bought by
Lexington Circle L L C
Seller's Agent
Alba Torres De Bussey
Star Realty Group, Llc
List Price
$435,000
Current Estimated Value
$770,833

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.26%
Original Mortgage
$640,000
Interest Rate
3.68%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 8, 2006
Sold by
Dietrich Eric Rodolfo and Dietrich Graciela Roxana
Bought by
Waldo Luis and Waldo Teresa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$60,000
Interest Rate
6.75%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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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
Lexington Circle L L C -- Valley Land Title Co
Waldo Luis -- Charge Sierra Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Lexington Circle L L C $640,000
Previous Owner Waldo Luis $60,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/13/2016 04/13/16 Sold -- -- --
02/22/2016 02/22/16 Pending -- -- --
02/14/2016 02/14/16 For Sale $435,000 -- $63 / 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 $22,662 $995,000 $332,060 $662,940
2024 $22,662 $943,765 $209,198 $734,567
2023 $21,354 $890,000 $209,198 $680,802
2022 $19,655 $754,796 $209,198 $545,598
2021 $17,861 $659,615 $257,346 $402,269
2020 $18,920 $695,374 $257,346 $438,028
2019 $18,749 $675,121 $257,346 $417,775
2018 $18,767 $674,062 $184,294 $489,768
2017 $18,680 $668,550 $276,441 $392,109
2016 $18,416 $659,106 $184,294 $474,812
2015 $10,422 $379,859 $100,472 $279,387
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2016

    Alba Torres De Bussey

    Star Realty Group, Llc

    (956) 802-1439

    10 in this area

    40 Total Sales

    Alba Torres De Bussey
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Map

Source: Greater McAllen Association of REALTORS®

MLS Number: 192916

Greater McAllen Association of REALTORS®

APN: L6269-01-000-0002-00

Texas Hidalgo County Edinburg 78541

2503 Cervantes Ave Unit 1,2,3,4,5,6, Edinburg, TX

Not Listed for Sale

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