NOT LISTED FOR SALE

302 S Fm 491 Mercedes, TX 78570

Estimated Value: $154,000 - $1,541,185

3 Beds
2 Baths
12,228 Sq Ft
$71/Sq Ft Est. Value

Last Sold November 15, 2016

Current estimated payment $6,469/month

124 Days on Market

Highlights

  • 0.91 Acre Lot
  • Balcony
  • Tile Flooring
  • No HOA
  • Walk-In Closet
  • Central Heating and Cooling System

About This Home

As of November 2016

Opportunity in Mercedes, in the path of progress and expanding area - Centrally located,- in-demand rental area ... Well maintained Three (3) Four-plexes (12 units total), Brick Veneer, two story with balconies and canopies, tiled throughout, each unit has stove and refrigerator, separate electrical and water meters, two story and ample paved parking area. Additional on-site building can be used as storage or office.

Last Agent to Sell the Property

Hortencia Cisneros

Walker Realty Listed on: 06/14/2016

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $17,594

Year Built

  • Built in 2008

Lot Details

  • 0.91 Acre Lot
  • Irregular Lot

Parking

  • 60 Car Garage
  • No Garage

Home Design

  • Brick Exterior Construction
  • Slab Foundation
  • Wood Siding

Interior Spaces

  • Walk-In Closet
  • 12,228 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Tile Flooring
  • Fire and Smoke Detector
  • Stove

Outdoor Features

  • Balcony

Schools

  • Hinojosa Elementary School
  • Mercedes Junior High
  • Mercedes High School

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number C405000012000300

Community Details

Overview

  • No Home Owners Association
  • 5 Units
  • Chapman Subdivision

Building Details

  • Gross Income $97,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$17,594

Year Built

Built in 2008

Lot Details

0

Parking

60

Listing Details

  • Directions: East of downtown Mercedes from Business 83 - South on FM491 (Rico Road) about 1/4 mile - Apartments on east side.
  • Year Built: 2008
  • Property Sub Type: Apartment
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.91
  • Road Surface Type: Paved
  • Subdivision Name: Chapman
  • Carport Y N: No
  • Garage Yn: Yes
  • New Construction: No
  • Efficiency: Attic Fans
  • Building Stories: 2
  • GMAR_GeocodeConfidence: Unknown
  • Availability: Immediate
  • GMAR_Escrow: 3000
  • GMAR_LicensedSupervisor: Jeff Walker
  • Non-Allowables: No
  • Repairs YN: No
  • Special Features: None
  • Stories: 2

Interior Features

  • Appliances: Electric Water Heater, Refrigerator, Stove/Range
  • Flooring: Tile
  • Living Area: 12228

Exterior Features

  • Interior Amenities: Ceiling Fan(s), Walk-In Closet(s)
  • Fencing: None
  • Lot Features: Curb & Gutters, Irregular Lot
  • Construction Type: Brick, Wood Siding
  • Foundation Details: Slab
  • Other Structures: Laundry Facility
  • Patio And Porch Features: Deck/Balcony/Porch

Garage/Parking

  • Garage Spaces: 60
  • Covered Parking Spaces: 60
  • Parking Features: No Carport, No Garage
  • Total Parking Spaces: 60

Utilities

  • Security: Smoke Detector(s)
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Sewer: City Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: None
  • Association: No

Schools

  • Elementary School: Hinojosa
  • High School: Mercedes H.S.
  • Junior High Dist: Mercedes ISD
  • Middle Or Junior School: Mercedes Junior High

Lot Info

  • Lot Size Sq Ft: 39639.6
  • Parcel #: C405000012000300
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2015
  • Tax Annual Amount: 17594

Multi Family

  • Number Of Units In Community: 5
  • Number Of Units Total: 12
  • Annual Gross Income: 97200

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 14, 2016
Closed on
Nov 10, 2016
Sold by
Cano Humberto and Cano Humberto
Bought by
Repair Ram Auto and Lindberg John T
Seller's Agent
Hortencia Cisneros
Walker Realty
List Price
$675,000
Current Estimated Value
$862,395

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.25%
Original Mortgage
$347,000
Interest Rate
3.42%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 10, 2006
Sold by
Cano Home Builders Inc
Bought by
Cano Humberto and Cano Humberto

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$590,000
Interest Rate
6.32%
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
Repair Ram Auto -- Sierra Title Co
Cano Humberto -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mercedes Oaks Llc $477,500
Closed Repair Ram Auto $347,000
Previous Owner Cano Humberto $590,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/15/2016 11/15/16 Sold -- -- --
10/16/2016 10/16/16 Pending -- -- --
06/14/2016 06/14/16 For Sale $675,000 -- $55 / 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 $22,483 $800,000 $174,412 $625,588
2023 $24,536 $887,264 $130,809 $756,455
2022 $23,193 $767,054 $99,098 $667,956
2021 $18,292 $599,926 $99,098 $500,828
2020 $17,765 $607,159 $99,098 $508,061
2019 $18,599 $614,387 $99,098 $515,289
2018 $18,159 $598,445 $99,098 $499,347
2017 $19,039 $625,414 $99,098 $526,316
2016 $17,536 $576,028 $41,621 $534,407
Source: Public Records

Agents Affiliated with this Home

  • Hortencia Cisneros

    Seller's Agent in 2016

    Hortencia Cisneros

    Walker Realty

    (956) 373-1869

    2 in this area

    21 Total Sales

    Hortencia Cisneros
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Map

Source: Greater McAllen Association of REALTORS®

MLS Number: 196431

Greater McAllen Association of REALTORS®

APN: C4050-00-012-0003-00

Texas Hidalgo County Mercedes 78570

302 S Fm 491, Mercedes, TX

This home is located at 302 S Fm 491, Mercedes, TX 78570 since 14 June 2016 and is currently estimated at $862,395, approximately $70 per square foot. This property was built in 2008. 302 S Fm 491 is a home located in Hidalgo County with nearby schools including Ruben Hinojosa Elementary School, SGT William G Harrell Middle, and Mercedes High 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.

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