NOT LISTED FOR SALE

402&404 Iowa Ave Weslaco, TX 78596

Estimated Value: $301,000 - $491,000

3 Beds
8 Baths
3,426 Sq Ft
$116/Sq Ft Est. Value

Last Sold May 16, 2014

Current estimated payment $2,883/month

207 Days on Market

Highlights

  • No HOA
  • Central Heating and Cooling System
  • Carpet
  • Balcony
  • 9 Car Garage

About This Home

As of May 2014

4 UNITS @ 510 SF., 4 UNITS OF 713 SF., 1 LAUNDRY ROOM WITH 1 COMMERCIAL WASHER & DRYER EACH UNIT PAYS ELECTRIC BILL. WATER IS INCLUDED IN RENT, CHAIN LINK FENCE & STORAGE BLDG. CARPORT & OFF STREET PARKING.

Last Agent to Sell the Property

Alec G. Young

Cohrs Realty Group Listed on: 09/05/2013

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,168

Year Built

  • Built in 1976

Lot Details

  • 0.27

Parking

  • 9 Car Garage
  • No Garage
  • Rear-Facing Garage
  • On-Street Parking
  • Open Parking
  • Off-Street Parking

Home Design

  • Brick Exterior Construction
  • Slab Foundation

Interior Spaces

  • 3,426 Sq Ft Home
  • 2-Story Property
  • Carpet
  • Stove

Schools

  • Lbj Elementary School
  • Central Middle School
  • Weslaco East High School

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater

Additional Features

  • Balcony
  • Irregular Lot

Listing and Financial Details

  • Assessor Parcel Number W230000031000200

Community Details

Overview

  • No Home Owners Association
  • 5 Units
  • Weslaco Original Townsite Subdivision

Building Details

  • Insurance Expense $2,981
  • Maintenance Expense $2,000
  • Gross Income $42,240

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,168

Year Built

Built in 1976

Lot Details

0

Parking

9

Listing Details

  • Directions: Take Old 83 E. of Texas Blvd. to Iowa Ave. S. To 402 & 404 S. Iowa Ave.
  • Year Built: 1976
  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Road Surface Type: Paved
  • Subdivision Name: Weslaco Original Townsite
  • Garage Yn: Yes
  • Efficiency: None
  • Building Stories: 2
  • GMAR_GeocodeConfidence: Unknown
  • Non-Allowables: No
  • Repairs YN: No
  • Special Features: None
  • Stories: 2

Interior Features

  • Appliances: Electric Water Heater, Refrigerator, Stove/Range
  • Flooring: Carpet
  • Living Area: 3426

Exterior Features

  • Interior Amenities: None
  • Fencing: Other
  • Lot Features: Curb & Gutters, Irregular Lot, Sidewalks
  • Construction Type: Brick
  • Foundation Details: Slab
  • Other Structures: Outbuilding (None)
  • Patio And Porch Features: Deck/Balcony/Porch

Garage/Parking

  • Garage Spaces: 9
  • Covered Parking Spaces: 9
  • Open Parking: Yes
  • Parking Features: Off Street, On Street, Detached, No Garage, Garage Faces Rear

Utilities

  • 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: LBJ
  • High School: Weslaco East H.S.
  • Junior High Dist: Weslaco ISD
  • Middle Or Junior School: Central

Lot Info

  • Parcel #: W230000031000200
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 12
  • Tax Annual Amount: 4168

Multi Family

  • Number Of Units In Community: 5
  • Number Of Units Total: 8
  • Annual Gross Income: 42240
  • Insurance Expense: 2981

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 8, 2017
Sold by
Um Rentals Ltd
Bought by
Vcc Holdings Llc
Current Estimated Value
$398,779

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$208,000
Outstanding Balance
$37,006
Interest Rate
4.19%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$361,773

Purchase Details

Listed on
Sep 5, 2013
Closed on
May 16, 2014
Sold by
Zurlo Properties Inc
Bought by
Um Rentals Ltd
Seller's Agent
Alec G. Young
Cohrs Realty Group
List Price
$235,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.70%
Original Mortgage
$10,000
Interest Rate
4.38%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Jun 26, 1996
Sold by
Zurlo Harold John and Hal Zee Apartments
Bought by
Hal Zee Apartments Inc
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Vcc Holdings Llc -- Edwards Abstract And Title C
Um Rentals Ltd -- Edward Abstract And Title Co
Hal Zee Apartments Inc -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Vcc Holdings Llc $208,000
Previous Owner Um Rentals Ltd $10,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/16/2014 05/16/14 Sold -- -- --
03/31/2014 03/31/14 Pending -- -- --
09/05/2013 09/05/13 For Sale $235,000 -- $69 / 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 $9,497 $408,625 $84,768 $323,857
2024 $9,497 $374,885 $84,768 $290,117
2023 $9,568 $378,559 $84,768 $293,791
2022 $6,664 $260,334 $50,742 $209,592
2021 $6,767 $260,334 $50,742 $209,592
2020 $7,012 $262,821 $50,742 $212,079
2019 $7,218 $264,530 $50,742 $213,788
2018 $6,201 $226,683 $50,742 $175,941
2017 $5,779 $212,010 $50,742 $161,268
2016 $5,989 $219,731 $59,500 $160,231
2015 $2,521 $165,017 $59,500 $105,517
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2014

    Alec G. Young

    Cohrs Realty Group

See All Agents

Map

Source: Greater McAllen Association of REALTORS®

MLS Number: 168340

Greater McAllen Association of REALTORS®

APN: W2300-00-031-0002-00

Texas Hidalgo County Weslaco 78596

402&404 Iowa Ave, Weslaco, TX

Not Listed for Sale

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