NOT LISTED FOR SALE

407 Cedar Ave Unit 2 McAllen, TX 78501

Estimated Value: $274,000 - $317,000

2 Beds
1 Bath
1,129 Sq Ft
$265/Sq Ft Est. Value

Highlights

  • Mature Trees
  • Cooling System Mounted In Outer Wall Opening
  • Ceiling Fan
  • No HOA
  • Laundry closet
  • Heating Available

About This Home

As of December 2022

Cozy remodeled apartment in the Heart of McAllen. Located on cedar between 2nd and 6th street, this apartment is in an excellent location close to HEB, downtown, and restaurants. The unit features a large living and kitchen area, two bedrooms one bathroom, and a large backyard. Owner will pay Water and Gas. Apply today at krakeproperties.com

Last Agent to Rent the Property

Myra Caridad García

The Agency Austin, Llc Listed on: 12/27/2022

The Agency Austin, Llc

Last Renter's Agent

Drake Alford

The Agency Austin, Llc

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1970

Lot Details

  • 8,398 Sq Ft Lot
  • Sprinkler System
  • Mature Trees

Parking

  • No Garage

Home Design

  • Apartment

Interior Spaces

  • 1,129 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom
  • Bathtub and Shower Combination in Primary Bathroom

Laundry

  • Laundry closet
  • Dryer
  • Washer

Schools

  • Wilson Elementary School
  • Travis Middle School
  • Mcallen High School

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Window Unit Cooling System
  • Heating Available
  • Cable TV Available

Listing and Financial Details

  • Security Deposit $850
  • Property Available on 12/27/22
  • Tenant pays for cable TV, electricity, sewer, trash collection
  • 12 Month Lease Term
  • $30 Application Fee
  • Assessor Parcel Number C260000001001100

Community Details

Overview

  • No Home Owners Association
  • Cedar Place Subdivision

Pet Policy

  • Pets Allowed
  • Pet Deposit $250

Property Details

Home Type

Multi-Family

Year Built

Built in 1970

Lot Details

0

Rental Info

  • Lease Term: 12 Months
  • Tenant Pays: Cable TV, Electricity, Sewer, Trash Collection
  • Available Date: 2022-12-27
  • Security Deposit: 850
  • GMAR_RentSpreeYN: No
  • Pet Deposit: 250

Listing Details

  • Directions: From 2nd street heading north from BUS 83, turn left on Cedar Ave heading West, home is 4th on the left once you pass 4th street.
  • Year Built: 1970
  • Property Sub Type: Apartment
  • Prop. Type: Residential Lease
  • Lot Size Acres: 0.1928
  • Subdivision Name: Cedar Place
  • Carport Y N: No
  • Garage Yn: No
  • Property Attached Yn: Yes
  • Building Stories: 1
  • Availability: Immediate
  • Non-Allowables: No
  • Repairs YN: No
  • Special Features: None
  • Stories: 1

Interior Features

  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Living Area: 1129
  • Master Bedroom Features: None, Tub/Shower Combo

Exterior Features

  • Exterior Features: Mature Trees, Sprinkler System
  • Interior Amenities: Ceiling Fan(s), Dryer, Washer
  • Home Warranty: No
  • Pool YN: No

Garage/Parking

  • Parking Features: No Carport, No Garage

Utilities

  • Utilities: Cable Available
  • Laundry Features: Laundry Closet, Washer/Dryer Connection
  • Cooling: Electric, Other HVAC, Wall Unit(s), Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Electric, Other HVAC
  • Heating Yn: Yes

Condo/Co-op/Association

  • Community Features: Curbs
  • Association: No
  • Pets Allowed: Yes

Fee Information

  • Application Fee: 30

Schools

  • Elementary School: Wilson
  • High School: McAllen H.S.
  • Junior High Dist: McAllen ISD
  • Middle Or Junior School: Travis

Lot Info

  • Lot Size Sq Ft: 8397.9324
  • Parcel #: C260000001001100
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 5558

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 23, 2023
Sold by
Krake Investments Llc
Bought by
Rubalcaba Magdaleno and Rubalcaba Karina
Current Estimated Value
$299,571

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$218,469
Outstanding Balance
$211,822
Interest Rate
6.5%
Mortgage Type
FHA
Estimated Equity
$87,749

Purchase Details

Closed on
Mar 5, 2021
Sold by
Cg3 Real Estate Group Llc
Bought by
Krake Investments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$184,000
Interest Rate
2.7%
Mortgage Type
Construction

Purchase Details

Closed on
Feb 15, 2019
Sold by
Garza Elida G
Bought by
Cg3 Real Estate Group Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$148,000
Interest Rate
4.4%
Mortgage Type
Construction

Purchase Details

Closed on
Feb 11, 2019
Sold by
Lopez Jose Guadalupe
Bought by
Garza Elida G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$148,000
Interest Rate
4.4%
Mortgage Type
Construction
Source: Public Records

Range of Values:

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Value Increase
--
Percent Increase
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Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Purchase History

Date Buyer Sale Price Title Company
Rubalcaba Magdaleno -- Corporation Service
Krake Investments Llc -- Capital Title
Cg3 Real Estate Group Llc -- Encore Title
Garza Elida G -- Encore Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rubalcaba Magdaleno $218,469
Previous Owner Krake Investments Llc $184,000
Previous Owner Cg3 Real Estate Group Llc $148,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/29/2022 12/29/22 Rented $825 -2.9% --
12/27/2022 12/27/22 For Rent $850 -- --
Source: Greater McAllen Association of REALTORS®

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 $6,444 $359,462 $107,100 $252,362
2024 $6,444 $274,802 $47,460 $227,342
2023 $6,526 $277,401 $47,460 $229,941
2022 $5,558 $224,121 $47,460 $176,661
2021 $4,430 $173,395 $31,500 $141,895
2020 $4,468 $175,148 $31,500 $143,648
2019 $4,489 $176,975 $31,500 $145,475
2018 $3,946 $155,305 $25,200 $130,105
2017 $4,141 $162,363 $25,200 $137,163
2016 $2,785 $109,173 $25,200 $89,760
2015 $1,446 $80,216 $23,100 $63,221
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Greater McAllen Association of REALTORS®

MLS Number: 395761

Greater McAllen Association of REALTORS®

APN: C2600-00-001-0011-00

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