NOT LISTED FOR SALE

605 N 12th St McAllen, TX 78501

Estimated Value: $273,000 - $282,185

4 Beds
4 Baths
-- Sq Ft
7,013 Sq Ft Lot

Last Sold May 16, 2023

Current estimated payment $1,979/month

13 Days on Market

Highlights

  • Cooling System Mounted In Outer Wall Opening
  • 1-Story Property
  • ENERGY STAR Qualified Equipment for Heating
  • Tile Flooring
  • 4 Attached Carport Spaces
  • Heating Available

About This Home

As of May 2023

Fantastic investment opportunity, 4-plex with 3 out of the for units renovated. This is the perfect time buyer or investor looking for a live in income producing property.
Also 2 out of 4 are leased with month to month tenants. Rents currently are $575 and $500, however vacant units are now being advertised at $700 Since 2018, all the water heaters have been replaced as well as all the mini splits, the roof was replaced, and the car port was also rebuilt in October of 2022.

Last Agent to Sell the Property

Devon Kincaid

Texas Ally Real Estate Group License #0702297 Listed on: 03/21/2023

Texas Ally Real Estate Group

Last Buyer's Agent

Devon Kincaid

Texas Ally Real Estate Group License #0702297 Listed on: 03/21/2023

Texas Ally Real Estate Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,683

Year Built

  • Built in 1971

Lot Details

  • 7,013

Home Design

  • Quadruplex
  • Slab Foundation
  • Frame Construction
  • Composition Roof
  • Stucco

Kitchen

  • Electric Oven
  • Electric Range

Flooring

  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Full Bathrooms

Parking

  • 4 Parking Spaces
  • 4 Attached Carport Spaces
  • Driveway

Schools

  • Alvarez Elementary School
  • Brown Middle School
  • Mcallen High School

Utilities

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

Additional Features

  • 1-Story Property
  • ENERGY STAR Qualified Equipment for Heating
  • 7,013 Sq Ft Lot

Community Details

  • 4 Units
  • 2,310 Sq Ft Building
  • North Mcallen Subdivision

Listing and Financial Details

  • Legal Lot and Block 5 / 14
  • Assessor Parcel Number N540000014000500
  • $4,727 per year unexempt tax

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,683

Year Built

Built in 1971

Lot Details

0

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: 22200
  • Will Subdivide: No
  • Accessibility Features Yn: No
  • Ratio Current Price By Building: 117.31602
  • Attribution Contact: 512-763-2559
  • Special Features: None
  • Year Built: 1971

Interior Features

  • Interior Amenities: Cable TV Available
  • Flooring: Tile, Vinyl
  • Appliances: Electric Oven, Electric Range

Beds/Baths

  • Full Bathrooms: 4
  • Total Bedrooms: 4

Exterior Features

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

Garage/Parking

  • Cooling System: Electric, ENERGY STAR Qualified Equipment, Wall Unit(s)
  • Carport Spaces: 4
  • Total Covered Spaces: 4
  • Number Of Parking Spaces: 4
  • Parking Features: Asphalt, Attached Carport
  • GarageYN: No

Utilities

  • Heating: Electric, ENERGY STAR Qualified Equipment
  • Utilities: Alley, Asphalt, Cable Available, City Sewer, City Water

Condo/Co-op/Association

  • Complex Name: N 12th St Apartments
  • Association Type: None

Schools

  • School District: McAllen ISD
  • Elementary School: Alvarez
  • Middle School: Brown
  • High School: Mcallen
  • School District: McAllen ISD
  • Elementary School: Alvarez

Lot Info

  • Lot Size Units: Acres
  • Lot Size Area: 0.1610
  • Parcel Number: N540000014000500
  • Lot Size Acres: 0.1610
  • Lot Size Sq Ft: 7013.1600

Green Features

  • Smart Home Features Appor Pass Y: No

Building Info

  • Year Built: 1971
  • Units Total: 4

Multi Family

  • Gross Annual Expenses: 3800.00
  • Gross Annual Income: 26000.00
  • Insurance Expense: 1440
  • Unit Count: 4

Tax Info

  • Unexempt Taxes: 4727
  • TaxBlock: 14
  • Tax Lot: 5

MLS Schools

  • Middle School Name: Brown
  • Elementary School Name: Alvarez
  • High School Name: Mcallen

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 21, 2023
Closed on
May 16, 2023
Sold by
Kincaid Devon Leroy and Kincaid Stephanie
Bought by
Rojas David
Seller's Agent
Devon Kincaid
Texas Ally Real Estate Group
Buyer's Agent
Devon Kincaid
Texas Ally Real Estate Group
List Price
$279,000
Views
45
Current Estimated Value
$278,546

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.03%
Original Mortgage
$259,197
Outstanding Balance
$253,237
Interest Rate
6.28%
Mortgage Type
FHA
Estimated Equity
$30,680

Purchase Details

Closed on
Dec 21, 2017
Sold by
Marin Elmer Duque
Bought by
Kincaid Devon Leroy and Kincaid Stephanie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$87,750
Interest Rate
3.95%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 1, 2008
Sold by
Nordd Investments Llc
Bought by
Duque Marin Elmer

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$97,600
Interest Rate
6.08%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 17, 2007
Sold by
Esparza Maria Eustaquia Ramirez and Ponce Marcial
Bought by
Nordd Investments Llc

Purchase Details

Closed on
Jul 28, 2006
Sold by
Esparza Francisco Ramirez
Bought by
Ramirez Esparaza Maria Eustaquia

Purchase Details

Closed on
Jan 10, 2006
Sold by
Kennedy Raymond F and Kennedy Beulah L
Bought by
Esparza Francisco Ramirez

Purchase Details

Closed on
Oct 18, 2005
Sold by
Kennedy Raymond F and Kennedy Beulah L
Bought by
Esparza Francisco Ramirez
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Rojas David -- Capital Title
Kincaid Devon Leroy -- Sierra Title
Duque Marin Elmer -- San Jacinto Title Services
Nordd Investments Llc -- Vltc
Ramirez Esparaza Maria Eustaquia -- None Available
Esparza Francisco Ramirez -- Charge Sierra Title
Esparza Francisco Ramirez -- Charge Sierra Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rojas David $259,197
Previous Owner Kincaid Devon Leroy $87,750
Previous Owner Duque Marin Elmer $97,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/16/2023 05/16/23 Sold -- -- --
04/03/2023 04/03/23 Pending -- -- --
03/28/2023 03/28/23 Price Changed $269,000 -3.6% --
03/21/2023 03/21/23 For Sale $279,000 -- --
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
2024 $5,683 $242,319 $80,500 $161,819
2023 $5,701 $242,319 $80,500 $161,819
2022 $4,727 $190,627 $67,200 $123,427
2021 $4,445 $174,012 $67,200 $106,812
2020 $3,466 $135,862 $29,050 $106,812
2019 $3,446 $135,862 $29,050 $106,812
2018 $3,267 $128,592 $28,000 $100,592
2017 $2,855 $111,936 $28,000 $83,936
2016 $2,043 $80,116 $28,000 $52,116
2015 $1,716 $72,908 $28,000 $44,908
Source: Public Records

Agents Affiliated with this Home

  • Section Image
See All Agents

Map

Source: North Texas Real Estate Information Systems (NTREIS)

MLS Number: 20273972

North Texas Real Estate Information Systems (NTREIS)

APN: N5400-00-014-0005-00