Seller's Agent in 2022
Bianca Maree
Encore Fine Properties
(832) 919-4167
13 Total Sales
307 Moorefield Rd Palmview, TX 78572
Estimated Value: $719,000 - $726,000
--
Bed
24
Baths
7,548
Sq Ft
$96/Sq Ft
Est. Value
Highlights
- No HOA
- Laundry closet
- Central Heating and Cooling System
- Enrique Kiki Camarena Elementary School Rated 9+
- Porcelain Tile
- Ceiling Fan
About This Home
As of March 2022Great investment opportunity located in a great location with 8 fully-leased apartments and long term tenants. The property has one 4-plex that was built in 2000 and another 4 plex built in 1997 totaling 8 units (7,548 SF). All units are 2bedroom/1bath approximately 940 SF (according to HCAD) with one unit leased at $800 and the remaining units leased at $700 generating $5,700 per month ($68,400 annually). If you are an investor looking to purchase a great income producing property, look no further! This property has been stabilized at 100% occupancy for years with an excellent rental history. Noteworthy, the subject site totals 1 acre with additional space to built more units in the future. Each unit is individually metered. You don't want to miss out on this great opportunity! Call today for information before this property is gone! OWNER FINANCING AVAILABLE!!!!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $11,707
Year Built
- Built in 2000
Lot Details
- 1 Acre Lot
Home Design
- Brick Exterior Construction
- Slab Foundation
- Composition Shingle Roof
Interior Spaces
- 7,548 Sq Ft Home
- 1-Story Property
- Ceiling Fan
- Porcelain Tile
- Stove
Laundry
- Laundry closet
- Washer and Dryer Hookup
Parking
- Garage
- No Garage
- Front Facing Garage
Schools
- Camarena Elementary School
- Memorial Middle School
- Palmview High School
Utilities
- Central Heating and Cooling System
- Electric Water Heater
- Septic Tank
Listing and Financial Details
- Assessor Parcel Number E506000000000400, E506000000000500
Community Details
Overview
- No Home Owners Association
- 2 Buildings
- 8 Units
- El Dorado Heights Subdivision
Building Details
- Insurance Expense $2,700
- Maintenance Expense $2,000
- Gross Income $68,400
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Dec 13, 2021
Closed on
Mar 3, 2022
Sold by
Villarreal Javier and Villarreal Noemi
Bought by
Gonzalez-Hinojosa Inv Llc
Seller's Agent
Bianca Maree
Encore Fine Properties
Buyer's Agent
Bianca Maree
Encore Fine Properties
List Price
$650,000
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.80%
Original Mortgage
$475,000
Outstanding Balance
$152,380
Interest Rate
3.92%
Mortgage Type
New Conventional
Estimated Equity
$570,120
Purchase Details
Closed on
May 28, 2020
Sold by
Villarreal Martha
Bought by
Villarreal Javier and Villarreal Noemi
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Gonzalez-Hinojosa Inv Llc | -- | San Jacinto Title | |
| Villarreal Javier | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Gonzalez-Hinojosa Inv Llc | $475,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 03/09/2022 03/09/22 | Sold | -- | -- | -- |
| 01/18/2022 01/18/22 | Pending | -- | -- | -- |
| 12/13/2021 12/13/21 | For Sale | $650,000 | -- | $86 / Sq Ft |
Source: Greater McAllen Association of REALTORS®
Tax History Compared to Growth
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 | $16,501 | $582,041 | $133,029 | $449,012 |
| 2024 | $16,501 | $654,347 | $133,029 | $521,318 |
| 2023 | $15,173 | $610,000 | $133,029 | $476,971 |
| 2022 | $7,038 | $259,893 | $66,514 | $193,379 |
| 2021 | $5,853 | $217,728 | $66,514 | $151,214 |
| 2020 | $5,908 | $217,728 | $66,514 | $151,214 |
| 2019 | $5,627 | $207,360 | $66,514 | $140,846 |
| 2018 | $4,987 | $183,326 | $66,514 | $116,812 |
| 2017 | $5,227 | $193,215 | $43,616 | $149,599 |
| 2016 | $4,253 | $157,192 | $43,616 | $113,576 |
| 2015 | $3,503 | $152,281 | $43,616 | $108,665 |
| 2014 | $3,503 | $157,011 | $45,797 | $111,214 |
Source: Public Records
Agents Affiliated with this Home
-
Bianca Maree
Map
Source: Greater McAllen Association of REALTORS®
MLS Number: 326516
APN: E5060-00-000-0004-00
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.
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.
Information deemed reliable but not guaranteed.
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