NOT LISTED FOR SALE

616 E Ridgeland Ave McAllen, TX 78503

Estimated Value: $307,000 - $354,000

-- Bed
8 Baths
2,457 Sq Ft
$137/Sq Ft Est. Value

Last Sold April 24, 2020

Current estimated payment $2,498/month

181 Days on Market

Highlights

  • Bonus Room
  • Cul-De-Sac
  • Double Pane Windows
  • No HOA
  • 1 Car Attached Garage
  • Slab Porch or Patio

About This Home

As of April 2020

Great Investment Opportunity! Duplex located in an established neighborhood. One of the units is 2 bedroom 2 bathroom with a spacious open floor plan, beautiful ceramic tile floors and granite in the kitchen counters. The second unit features 2 bedrooms, 2 bathrooms and a bonus room that can be used as another bedroom or an office. Great income producing units! Motivated Seller! Seller will consider $5000.00 of buyers closing cost with an acceptable offer.

Last Agent to Sell the Property

Marilyn Cortez

Bordertown Realty, Llc Listed on: 09/30/2019

Last Buyer's Agent

Rafael Utrera

Re/Max Elite

Re/Max Elite

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,236

Year Built

  • Built in 1999

Lot Details

  • 10,180 Sq Ft Lot
  • Cul-De-Sac
  • Privacy Fence
  • Wood Fence
  • Irregular Lot

Parking

  • 1 Car Attached Garage
  • Front Facing Garage

Home Design

  • Duplex
  • Brick Exterior Construction
  • Slab Foundation
  • Composition Shingle Roof

Interior Spaces

  • 2,457 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Double Pane Windows
  • Bonus Room
  • Tile Flooring
  • Fire and Smoke Detector
  • Electric Cooktop

Laundry

  • Laundry in Garage
  • Washer and Dryer Hookup

Outdoor Features

  • Slab Porch or Patio

Schools

  • Fields Elementary School
  • Travis Middle School
  • Memorial High School

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number F105002000002900

Community Details

Overview

  • No Home Owners Association
  • Fairway Grande Village Subdivision

Building Details

  • Insurance Expense $2,100
  • Gross Income $24,900

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,236

Year Built

Built in 1999

Lot Details

0

Parking

1

Listing Details

  • Directions: From Expressway 83, Head South on 2nd st, East on Rancho Viejo, North on S. Casa Linda St. East on Ridgeland Ave. until the end of the street.
  • Year Built: 1999
  • Property Sub Type: Duplex
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.2337
  • Road Surface Type: Paved
  • Subdivision Name: Fairway Grande Village
  • Carport Y N: No
  • Garage Yn: Yes
  • New Construction: No
  • Building Stories: 1
  • GMAR_GeocodeConfidence: Unknown
  • GMAR_Escrow: 2500
  • GMAR_LicensedSupervisor: Keller Williams Realty RGV
  • Non-Allowables: No
  • Repairs YN: No
  • Special Features: None
  • Stories: 1

Interior Features

  • Roof: Composition Shingle
  • Appliances: Electric Water Heater, Smooth Electric Cooktop, Refrigerator
  • Flooring: Tile
  • Living Area: 2457
  • Window Features: Energy Features (Double Pane Windows)

Exterior Features

  • Interior Amenities: Bonus Room, Ceiling Fan(s)
  • Fencing: Privacy, Wood
  • Lot Features: Cul-De-Sac, Curb & Gutters, Irregular Lot
  • Home Warranty: No
  • Construction Type: Brick
  • Foundation Details: Slab
  • Other Structures: Outbuilding (None)
  • Patio And Porch Features: Patio, Patio Slab
  • Pool YN: No

Garage/Parking

  • Garage Spaces: 1
  • Attached Garage: Yes
  • Covered Parking Spaces: 1
  • Parking Features: Attached, Garage Faces Front
  • Total Parking Spaces: 1

Utilities

  • Laundry Features: Laundry Area, In Garage, Washer/Dryer Connection
  • Security: Smoke Detector(s)
  • 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: Curbs, Sidewalks, Street Lights
  • Association: No

Schools

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

Lot Info

  • Lot Size Sq Ft: 10179.972
  • Parcel #: F105002000002900
  • ResoLotSizeUnits: SquareFeet

Building Info

  • Buildings: 1

Tax Info

  • Tax Year: 2018
  • Tax Annual Amount: 4236

Multi Family

  • Number Of Units In Community: 1
  • Number Of Units Total: 2
  • Annual Gross Income: 24900
  • Insurance Expense: 2100

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 4, 2023
Sold by
Ornelas Juan
Bought by
Os Rentals Llc
Current Estimated Value
$336,772

Purchase Details

Listed on
Sep 30, 2019
Closed on
Apr 22, 2020
Sold by
Canales Diana
Bought by
Ornelas Juan
Seller's Agent
Marilyn Cortez
Bordertown Realty, Llc
Buyer's Agent
Rafael Utrera
Re/Max Elite
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
8.29%
Original Mortgage
$209,142
Interest Rate
3.37%
Mortgage Type
FHA

Purchase Details

Closed on
Jan 7, 2013
Sold by
Canales Canales Jr Efrain Jr Efrain and Canales Vivian Efrain
Bought by
Canales Diana
Source: Public Records

Range of Values:

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Average Value
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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
Os Rentals Llc -- None Listed On Document
Ornelas Juan -- Valley Land Title
Canales Diana -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Ornelas Juan $209,142
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/24/2020 04/24/20 Sold -- -- --
03/29/2020 03/29/20 Pending -- -- --
09/30/2019 09/30/19 For Sale $235,000 -- $96 / 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
2024 $7,961 $339,467 $122,148 $217,319
2023 $6,785 $288,375 $68,199 $220,176
2022 $5,920 $238,735 $68,199 $170,536
2021 $4,954 $193,910 $68,199 $125,711
2020 $4,986 $195,445 $68,199 $127,246
2019 $5,035 $198,513 $68,199 $130,314
2018 $4,243 $167,000 $49,368 $117,632
2017 $3,890 $152,499 $49,368 $103,131
2016 $3,694 $144,814 $49,368 $95,446
2015 $3,692 $143,066 $49,368 $93,698
Source: Public Records

Agents Affiliated with this Home

  • Marilyn Cortez

    Seller's Agent in 2020

    Marilyn Cortez

    Bordertown Realty, Llc

    (956) 587-1633

    125 Total Sales

    Section Image
  • Rafael Utrera

    Buyer's Agent in 2020

    Rafael Utrera

    RE/MAX

    (956) 279-4706

    42 Total Sales

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Map

Source: Greater McAllen Association of REALTORS®

MLS Number: 322826

Greater McAllen Association of REALTORS®

APN: F1050-02-000-0029-00

Texas Hidalgo County McAllen 78503

616 E Ridgeland Ave, McAllen, TX

This home is located at 616 E Ridgeland Ave, McAllen, TX 78503 since 30 September 2019 and is currently estimated at $336,772, approximately $137 per square foot. This property was built in 1999. 616 E Ridgeland Ave is a home located in Hidalgo County with nearby schools including Fields Elementary School, Travis Middle School, and McAllen High School.

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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.

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