NOT LISTED FOR SALE

601 Hibiscus Ave Unit 3 McAllen, TX 78501

McAllen Area

Estimated Value: $188,000 - $217,067

3 Beds
2 Baths
1,583 Sq Ft
1,581 Sq Ft Lot

Sale Details

Date Sold: October 6, 2022

Current estimated payment $1,529 / mo

78 Days on Market

Highlights

  • In Ground Pool
  • Landscaped Professionally
  • Bonus Room
  • Milam Elementary School Rated A
  • Mature Trees
  • Home Office

About This Home

As of October 2022

Looking for an investment property in McAllen? This condominium is centrally located, within walking distance to shopping, restaurants, grocery stores, schools, physicians, etc. This well-maintained condominium offers convenience and ease of access. Cobotel Terrace 3 is a highly sought after property and this is a rare opportunity to add this to your portfolio. The condo has been rented continuously since 2018. Property is currently leased - $1200.00 per month in effect through September 2022.

Last Agent to Sell the Property

Myra Caridad García

The Agency Austin, Llc Listed on: 06/23/2022

The Agency Austin, Llc

Last Buyer's Agent

Margarita Olivares

Formal Realty, Llc

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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Average Value
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List Price
Sold Price
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Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,528

Year Built

  • Built in 1980

Lot Details

  • Wood Fence
  • Decorative Fence
  • Landscaped Professionally
  • Sprinkler System
  • Mature Trees

HOA Fees

  • $150 Monthly HOA Fees

Parking

  • 2 Car Garage

Home Design

  • Brick Exterior Construction
  • Slab Foundation
  • Composition Shingle Roof
  • Wood Siding

Interior Spaces

  • 1,583 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Drapes & Rods
  • Entrance Foyer
  • Home Office
  • Bonus Room
  • Tile Flooring

Kitchen

  • Electric Cooktop
  • Microwave
  • Laminate Countertops

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry closet
  • Washer and Dryer Hookup

Pool

  • In Ground Pool
  • Fence Around Pool

Outdoor Features

  • Covered Patio or Porch
  • Gazebo
  • Outdoor Storage
  • Outdoor Grill

Schools

  • Milam Elementary School
  • Cathey Middle School
  • Memorial High School

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number C600003003000100

Community Details

Overview

  • Cobotel Terrace 3, Inc. Association
  • Cobotel Terrace #3 Subdivision

Recreation

  • Community Pool

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,528

Year Built

Built in 1980

Lot Details

1,581 Sq Ft Lot

HOA Fees

$150 per month

Parking

2

Listing Details

  • Directions: From North 10th & Fern, head east on Fern to 7th Street, take a left. Property will be on the right hand side.
  • Year Built: 1980
  • Property Sub Type: Condominium
  • Prop. Type: Residential
  • Lot Size Acres: 0.0363
  • Road Surface Type: Paved
  • Subdivision Name: Cobotel Terrace #3
  • Carport Y N: No
  • Garage Yn: Yes
  • Efficiency: Other
  • Building Stories: 1
  • Non-Allowables: No
  • Repairs YN: No
  • Special Features: None
  • Stories: 1

Interior Features

  • Roof: Composition Shingle
  • Appliances: Electric Water Heater, Electric Cooktop, Microwave, Refrigerator
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Flooring: Tile
  • Living Area: 1583
  • Window Features: Drapes
  • Master Bedroom Features: Other

Exterior Features

  • Exterior Features: BBQ Pit/Grill, Manual Gate, Mature Trees, Sprinkler System
  • Interior Amenities: Entrance Foyer, Countertops (Laminate), Bonus Room, Ceiling Fan(s), Microwave, Office/Study
  • Fencing: Decorative Metal, Wood
  • Lot Features: Curb & Gutters, Professional Landscaping, Sidewalks, Sprinkler System
  • Pool Features: In Ground, Fenced, Outdoor Pool
  • Pool Private: Yes
  • Home Warranty: No
  • Construction Type: Brick, Wood Siding
  • Foundation Details: Slab
  • Other Structures: Gazebo, Storage
  • Patio And Porch Features: Covered Patio, Patio
  • Pool YN: Yes
  • Golf Cart: No

Garage/Parking

  • Garage Spaces: 2
  • Covered Parking Spaces: 2
  • Parking Features: Detached

Utilities

  • Laundry Features: Laundry Closet, Washer/Dryer Connection
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Sewer: City Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Curbs, Pool, Sidewalks, Street Lights
  • Association Fee: 150
  • Association Fee Frequency: Monthly
  • Association Name: COBOTEL TERRACE 3, INC.
  • Association: Yes

Schools

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

Lot Info

  • Lot Size Sq Ft: 1582.9704
  • Parcel #: C600003003000100
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 2528

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 23, 2022
Closed on
Oct 6, 2022
Sold by
Bought by
Seller's Agent
Myra Caridad García
The Agency Austin, Llc
Buyer's Agent
Margarita Olivares
Formal Realty, Llc
List Price
$185,000
Views
53
Current Estimated Value
$197,767

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.22%

Purchase Details

Closed on
Jun 2, 2022
Sold by
Bought by

Purchase Details

Listed on
Aug 1, 2018
Closed on
Aug 31, 2018
Sold by
Bought by
Seller's Agent
Jacquelyn (Jacki) Gabryshak
Davis Real Estate Rgv, Llc
List Price
$99,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.96%
Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- Capital Title
-- None Listed On Document
-- None Listed On Document
-- None Listed On Document
-- Edwards Abstract
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/06/2022 10/06/22 Sold -- -- --
09/10/2022 09/10/22 Pending -- -- --
08/19/2022 08/19/22 Price Changed $180,000 -2.7% $114 / Sq Ft
06/23/2022 06/23/22 For Sale $185,000 +85.9% $117 / Sq Ft
09/04/2018 09/04/18 Sold -- -- -- View Prior Sale
08/10/2018 08/10/18 Pending -- -- --
08/01/2018 08/01/18 For Sale $99,500 -- $67 / Sq Ft
Source: Greater McAllen Association of REALTORS®

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $3,509 $191,998 $77,280 $114,718
2024 $3,509 $149,646 $43,640 $106,006
2023 $3,551 $150,938 $43,640 $107,298
2022 $3,050 $122,969 $22,729 $100,240
2021 $2,528 $98,967 $28,412 $70,555
2020 $2,725 $106,827 $28,412 $78,415
2019 $2,502 $98,623 $27,943 $70,680
2018 $2,035 $80,117 $22,354 $57,763
2017 $2,061 $80,799 $22,354 $58,445
2016 $2,076 $81,375 $22,354 $59,810
2015 $1,020 $73,977 $22,354 $51,623
Source: Public Records

Agents Affiliated with this Home

  • Myra Caridad García Real Estate Agent - The Agency Austin, Llc

    Seller's Agent in 2022

    Myra Caridad García

    The Agency Austin, Llc

    (956) 648-6456

    197 Total Sales

    Myra Caridad García
    Section Image
  • Margarita Olivares Real Estate Agent - Formal Realty, Llc

    Buyer's Agent in 2022

    Margarita Olivares

    Formal Realty, Llc

    (956) 566-6948

    139 Total Sales

    Margarita Olivares
    Section Image

  • J

    Seller's Agent in 2018

    Jacquelyn (Jacki) Gabryshak

    Davis Real Estate Rgv, Llc

See All Agents

Map

Source: Greater McAllen Association of REALTORS®

MLS Number: 384552

Greater McAllen Association of REALTORS®

APN: C6000-03-003-0001-00

Texas Hidalgo County McAllen 78501

601 Hibiscus Ave Unit 3, McAllen, TX

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.

Greater McAllen Association of REALTORS® 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.

Copyright 2026 Greater McAllen Association of Realtors. All rights reserved.

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