NOT LISTED FOR SALE

409 E Ebony Ave Mc Allen, TX 78501

Estimated Value: $482,000 - $580,000

Studio
8 Baths
3,740 Sq Ft
$138/Sq Ft Est. Value

Last Sold October 28, 2022

Current estimated payment $3,627/month

33 Days on Market

Highlights

  • Mature Trees
  • Wood Flooring
  • No HOA
  • Cathey Middle School Rated A-
  • Furnished
  • 4-minute walk to Palmer Pavillion

About This Home

As of October 2022

Located in the heart of McAllen, this is a GREAT investment opportunity in one of McAllen's most popular zip codes! Fully occupied four unit apartment, located within walking distance to A+ schools, parks, restaurants, 2nd Street Running Trail, Firemen's Park, Easy access to Hwy 83., and more! This property has been meticulously maintained: the sunny kitchen has granite counter tops, Stainless Steel appliances ( brand new stove, microwave, and refrigerator- Washer and Dryer included in two units ).
This is also an incredible opportunity for an investor looking for a short-term rental to live in one unit and rent other unit out as income!. Owners can list it on any rental platform, including short term rental spaces such as Airbnb & VRBO ( Currently two units registered on Airbnb - Superhost badge: someone who goes above and beyond in their hosting duties and is a shining example of how a Host should be)
Available fully furnished for additional, negotiable price!

Last Agent to Sell the Property

Ana Gabriela Villarreal Bustamante

Pinnacle Realty Advisors Listed on: 08/21/2022

Pinnacle Realty Advisors

Last Buyer's Agent

William Millan

Alliance Real Estate Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,530

Year Built

  • Built in 2019

Lot Details

  • 7,810 Sq Ft Lot
  • Sprinkler System
  • Mature Trees

Home Design

  • Quadruplex
  • Slab Foundation
  • Composition Shingle Roof

Interior Spaces

  • Walk-In Closet
  • 3,740 Sq Ft Home
  • 2-Story Property
  • Furnished
  • Ceiling Fan
  • Double Pane Windows
  • Fire and Smoke Detector

Kitchen

  • Electric Cooktop
  • Microwave

Flooring

  • Wood
  • Tile

Laundry

  • Laundry closet
  • Dryer
  • Washer

Schools

  • Jackson Elementary School
  • Cathey Middle School
  • Memorial High School

Utilities

  • Cooling Available
  • Heating Available
  • Electric Water Heater
  • Cable TV Available

Additional Features

  • Energy-Efficient Thermostat
  • Outbuilding

Listing and Financial Details

  • Assessor Parcel Number C267400000000400

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • The Centre Subdivision

Building Details

  • Insurance Expense $1,100
  • Gross Income $5,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,530

Year Built

Built in 2019

Lot Details

0

Listing Details

  • Directions: From S 10th St, Take Savannah Ave W and S 2nd St/S Col Rowe Blvd to E Ebony Ave. Turn left onto E Ebony Ave. Destination will be on the right
  • Year Built: 2019
  • Property Sub Type: Quadruplex
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.1793
  • Road Surface Type: Paved
  • Subdivision Name: The Centre Subdivision
  • Carport Y N: No
  • Garage Yn: No
  • New Construction: No
  • Efficiency: Other, Thermostat
  • Building Stories: 2
  • Non-Allowables: No
  • Repairs YN: No
  • Special Features: None
  • Stories: 2

Interior Features

  • Roof: Composition Shingle
  • Furnished: Furnished
  • Appliances: Electric Water Heater, Smooth Electric Cooktop, Dryer, Refrigerator, Washer
  • Flooring: Hardwood, Tile
  • Living Area: 3740
  • Window Features: Energy Features (Double Pane Windows)

Exterior Features

  • Exterior Features: Other, Sprinkler System
  • Interior Amenities: Ceiling Fan(s), Microwave, Other, Walk-In Closet(s), Washer
  • Fencing: Other
  • Lot Features: Mature Trees, Sidewalks, Sprinkler System
  • Home Warranty: No
  • Construction Type: Other
  • Foundation Details: Slab
  • Other Structures: Outbuilding (Other)
  • Pool YN: No

Garage/Parking

  • Parking Features: No Carport

Utilities

  • Utilities: Cable Available
  • Laundry Features: Laundry Closet
  • Security: Smoke Detector(s)
  • Cooling: Electric
  • Cooling Y N: Yes
  • Heating: Electric
  • Heating Yn: Yes
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Other, Sidewalks, Street Lights
  • Association: No

Schools

  • Elementary School: Jackson
  • High School: Memorial H.S.
  • Junior High Dist: McAllen ISD
  • Middle Or Junior School: Cathey

Lot Info

  • Lot Size Sq Ft: 7809.8724
  • Parcel #: C267400000000400
  • ResoLotSizeUnits: SquareFeet

Building Info

  • Buildings: 1

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 6530

Multi Family

  • Number Of Units In Community: 2
  • Number Of Units Total: 4
  • Annual Gross Income: 5200
  • Insurance Expense: 1100

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 21, 2022
Closed on
Oct 28, 2022
Sold by
Hinojosa Orlando Oziel and Hinojosa Berenice Rodrig
Bought by
Fantini Cardenas Roberto O
Seller's Agent
Ana Gabriela Villarreal Bustamante
Pinnacle Realty Advisors
Buyer's Agent
William Millan
Alliance Real Estate Group
List Price
$546,000
Views
78
Current Estimated Value
$515,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.93%
Original Mortgage
$488,979
Outstanding Balance
$471,051
Interest Rate
6.02%
Mortgage Type
FHA
Estimated Equity
$43,949

Purchase Details

Closed on
Jul 1, 2019
Sold by
Efraim James Investments Llc
Bought by
Hinojosa Orlando and Hinojosa Berenice Rodriguez

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$328,932
Interest Rate
4%
Mortgage Type
FHA
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
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
Fantini Cardenas Roberto O -- Valley Land Title
Hinojosa Orlando -- Edwards Abstract & Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Fantini Cardenas Roberto O $488,979
Previous Owner Hinojosa Orlando $328,932
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/28/2022 10/28/22 Sold -- -- --
09/24/2022 09/24/22 Pending -- -- --
08/21/2022 08/21/22 For Sale $546,000 -- $146 / 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 $11,209 $401,050 $93,727 $307,323
2024 $11,209 $477,957 $93,727 $384,230
2023 $11,341 $482,049 $93,727 $388,322
2022 $6,997 $282,152 $56,236 $225,916
2021 $6,530 $255,606 $56,236 $199,370
2020 $6,524 $255,740 $56,236 $199,504
2019 $1,547 $61,008 $56,236 $4,772
2018 $1,141 $44,911 $44,911 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Greater McAllen Association of REALTORS®

MLS Number: 388478

Greater McAllen Association of REALTORS®

APN: C2674-00-000-0004-00

Texas Hidalgo County Mc Allen 78501

409 E Ebony Ave, Mc Allen, TX

Not Listed for Sale

MultiFamily

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