NOT LISTED FOR SALE

3405 Golden Nugget Edinburg, TX 78541

Estimated Value: $521,000 - $552,000

10 Beds
8 Baths
4,290 Sq Ft
$124/Sq Ft Est. Value

Last Sold December 11, 2023

Current estimated payment $3,897/month

69 Days on Market

Highlights

  • Open Floorplan
  • Kitchen Island
  • 1-Story Property
  • Granite Countertops
  • Ceramic Tile Flooring
  • 8 Attached Carport Spaces

About This Home

As of December 2023

100% FULLY LEASED. ABOVE 54100$ GROSS INCOME. CORNER LARGE LOT. MONTHLY RENT 4515$. 1 LEASE Coming up for. Renewal. GATED Community. Roof STUCCO. POSITIVE CASH FLOW and LOW Maintenance. PRIME LOCATION. ALL STAINLESS STEEL Kitchen Appliances. FRIDGE, WASHER, DRYER Included in all 4 units. PROFESSIONAL PROPERTY MANAGEMENT IN PLACE. Kitchens have modern custom cabinets with granite countertops. Spacious bedrooms with large closets. 8 Carport Spaces Included. Tenants pay for electricity, internet, cable, etc. The owner pays for trash and home meter water electricity and landscape. All units have their own private fenced backyard. Great Investment Opportunity and Immediate Cash Flow as all units are leased! There are 5 electrical meters and 5 water meters on the property. Pictures were taken from another lot with a similar floor plan.

Last Agent to Sell the Property

Sathish Thandale

RightKeys Realty, LLC Brokerage Phone: 630-386-5875 License #0670101 Listed on: 08/23/2023

Last Buyer's Agent

Wale Lawal

LPT Realty, LLC License #0736740

LPT Realty, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,404

Year Built

  • Built in 2020

Lot Details

  • 10,542 Sq Ft Lot

HOA Fees

  • $50 Monthly HOA Fees

Home Design

  • Quadruplex
  • Slab Foundation
  • Composition Roof
  • Stucco

Interior Spaces

  • 1-Story Property
  • Open Floorplan
  • Ceiling Fan
  • Ceramic Tile Flooring
  • Attic Fan

Kitchen

  • Electric Oven
  • Electric Range
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Granite Countertops

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 8 Full Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • 8 Parking Spaces
  • 8 Attached Carport Spaces

Schools

  • Edinburg Elementary And Middle School
  • Edinburg High School

Utilities

  • Central Heating and Cooling System
  • High Speed Internet
  • Cable TV Available

Community Details

  • Association fees include full use of facilities
  • 2 Buildings
  • 4 Units
  • 4,290 Sq Ft Building
  • Montecito HOA, Phone Number (956) 800-1333
  • Montecito Sub Subdivision
  • Mandatory home owners association

Listing and Financial Details

  • Legal Lot and Block 25 / 3
  • Assessor Parcel Number M574500003002500
  • $11,360 per year unexempt tax

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,404

Year Built

Built in 2020

Lot Details

0

HOA Fees

$50 per month

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Quadruplex
  • Unit Levels: One
  • Year Built Details: Preowned
  • Multi Parcel I D Y N: No
  • Municipal Utility District Y N: No
  • Net Operation Income: 40000
  • Notice Surveillance Devices Pres: None
  • Will Subdivide: No
  • Accessibility Features Yn: No
  • Ratio Current Price By Building: 120.04662
  • Attribution Contact: 630-386-5875
  • Special Features: None
  • Year Built: 2020

Interior Features

  • Interior Amenities: Cable TV Available, Granite Counters, High Speed Internet Available, Kitchen Island, Open Floorplan
  • Flooring: Ceramic Tile
  • Appliances: Dishwasher, Dryer, Electric Oven, Electric Range, Microwave, Refrigerator, Washer

Beds/Baths

  • Full Bathrooms: 8
  • Total Bedrooms: 10

Exterior Features

  • Pool: No
  • Foundation: Slab
  • Roof: Composition
  • Construction Materials: Stucco, Wood

Garage/Parking

  • Cooling System: Attic Fan, Ceiling Fan(s), Central Air, Electric
  • Carport Spaces: 8
  • Total Covered Spaces: 8
  • Number Of Parking Spaces: 8
  • Parking Features: Attached Carport, Concrete
  • Attached Garage YN: No
  • GarageYN: No

Utilities

  • Heating: Central, Electric
  • Utilities: All Weather Road, City Sewer, City Water, Concrete

Condo/Co-op/Association

  • HOA Fee Includes: Full Use of Facilities
  • Complex Name: Montecito
  • Association Fee: 600
  • Association Fee Frequency: Annually
  • Association Type: Mandatory
  • Hoa Management Company: Montecito HOA
  • HOA Management Company: 9568001333

Schools

  • School District: Edinburg Consolidated
  • Elementary School: Edinburg

Lot Info

  • Lot Size Units: Acres
  • Lot Size Area: 0.2420
  • Parcel Number: M574500003002500
  • Lot Size Acres: 0.2420
  • Lot Size Sq Ft: 10541.5200

Green Features

  • Smart Home Features Appor Pass Y: No

Building Info

  • Year Built: 2020
  • Units Total: 4

Multi Family

  • Gross Annual Expenses: 14000.00
  • Gross Annual Income: 54100.00
  • Insurance Expense: 2400
  • Unit Count: 4

Tax Info

  • Unexempt Taxes: 11360
  • TaxBlock: 3
  • Tax Lot: 25

MLS Schools

  • Middle School Name: Edinburg
  • Elementary School Name: Edinburg
  • High School Name: Edinburg

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 11, 2024
Sold by
Elepe Kayode and Elepe Oluwafunke
Bought by
Dominionhaven Llc
Current Estimated Value
$532,667

Purchase Details

Listed on
Aug 23, 2023
Closed on
Dec 11, 2023
Sold by
Thandale Sathish
Bought by
Elepe Kayode
Seller's Agent
Sathish Thandale
RightKeys Realty, LLC
Buyer's Agent
Wale Lawal
LPT Realty, LLC
List Price
$515,000
Views
146

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.74%
Original Mortgage
$386,250
Interest Rate
7.76%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 10, 2021
Sold by
Hq Investment Group Llc
Bought by
Thandale Sathish Gnaneswar

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$255,375
Interest Rate
2.3%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Dominionhaven Llc -- None Listed On Document
Elepe Kayode -- Providence Title
Thandale Sathish Gnaneswar -- Alamo Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Elepe Kayode $386,250
Previous Owner Thandale Sathish Gnaneswar $255,375
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/11/2023 12/11/23 Sold -- -- --
11/01/2023 11/01/23 Pending -- -- --
10/10/2023 10/10/23 Price Changed $525,000 +1.9% $122 / Sq Ft
10/10/2023 10/10/23 For Sale $515,000 0.0% $120 / Sq Ft
10/04/2023 10/04/23 Pending -- -- --
08/23/2023 08/23/23 For Sale $515,000 -- $120 / Sq Ft
Source: North Texas Real Estate Information Systems (NTREIS)

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 $12,404 $465,000 $116,023 $348,977
2024 $12,404 $516,578 $116,023 $400,555
2023 $9,467 $394,564 $70,668 $323,896
2022 $11,360 $436,241 $70,668 $365,573
2021 $3,384 $124,982 $70,668 $54,314
2020 $1,664 $61,176 $61,176 $0
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2023

    Sathish Thandale

    RightKeys Realty, LLC

    (630) 386-5875

    3 in this area

    49 Total Sales

    Sathish Thandale
    Section Image
  • Wale Lawal

    Buyer's Agent in 2023

    Wale Lawal

    LPT Realty, LLC

    (832) 776-9582

    1 in this area

    238 Total Sales

    Wale Lawal
    Section Image
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Map

Source: North Texas Real Estate Information Systems (NTREIS)

MLS Number: 20413686

North Texas Real Estate Information Systems (NTREIS)

APN: M5745-00-003-0025-00

Texas Hidalgo County Edinburg 78541

3405 Golden Nugget, Edinburg, TX

Not Listed for Sale

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