NOT LISTED FOR SALE

701 Oblate Ave Mission, TX 78572

Estimated Value: $322,000 - $414,000

6 Beds
16 Baths
3,658 Sq Ft
$101/Sq Ft Est. Value

Last Sold December 12, 2014

Current estimated payment $2,617/month

273 Days on Market

Highlights

  • Corner Lot
  • Patio
  • Tile Flooring
  • No HOA
  • Home Security System
  • Zoned Heating and Cooling

About This Home

As of December 2014

Great Income producing property, unique fourplex with each unit 2 bedroom/ 2 baths. Upon entering the units are living-dining rooms and kitchen. At the front one bedroom with a bath inside, next to dining room a hallway with closet and equipment closet with A/C and water heater, heading to the second bedroom . Second full bath is located in the hallway to the second bedroom . Laundry closet next to the kitchen. fenced back patio for small play area or BBQ. Very safe area, one block away from HEB , Conway Ave is blocks away and Expressway 83 very close. Excellent access. Some tenants have been leasing for long term. Fully occupied. No vacancies

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,300

Year Built

  • Built in 2003

Lot Details

  • 0.26 Acre Lot
  • Privacy Fence
  • Corner Lot

Parking

  • 8 Car Garage
  • No Garage

Home Design

  • Brick Exterior Construction
  • Slab Foundation

Interior Spaces

  • 3,658 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Tile Flooring
  • Home Security System
  • Stove
  • Washer and Dryer Hookup

Schools

  • Castro Elementary School
  • Mission Junior High
  • Veterans Memorial High School

Utilities

  • Zoned Heating and Cooling
  • Electric Water Heater

Additional Features

  • Energy-Efficient Thermostat
  • Patio

Listing and Financial Details

  • Assessor Parcel Number M520000117000600

Community Details

Overview

  • No Home Owners Association
  • 5 Units
  • Mission Original Townsite Subdivision

Building Details

  • Insurance Expense $2,200
  • Maintenance Expense $2,000
  • Gross Income $26,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,300

Year Built

Built in 2003

Lot Details

0

Parking

8

Listing Details

  • Directions: From Expressway 83 take Conway North ( 7 blocks), on 7th St turn East 5 blocks until Oblate. Property is on the corner of Oblate and 7th St on the Northwest side
  • Year Built: 2003
  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.258
  • Road Surface Type: Paved
  • Subdivision Name: Mission Original Townsite
  • Carport Y N: No
  • Garage Yn: Yes
  • New Construction: No
  • Efficiency: Thermostat
  • Building Stories: 1
  • GMAR_GeocodeConfidence: Unknown
  • GMAR_Escrow: 2000
  • Non-Allowables: No
  • Repairs YN: No
  • Special Features: None
  • Stories: 1

Interior Features

  • Appliances: Electric Water Heater, Refrigerator, Stove/Range
  • Flooring: Tile
  • Living Area: 3658

Exterior Features

  • Interior Amenities: Ceiling Fan(s)
  • Fencing: Privacy
  • Lot Features: Corner Lot
  • Construction Type: Brick
  • Foundation Details: Slab
  • Other Structures: Outbuilding (None)
  • Patio And Porch Features: Patio

Garage/Parking

  • Garage Spaces: 8
  • Covered Parking Spaces: 8
  • Parking Features: No Carport, No Garage
  • Total Parking Spaces: 8

Utilities

  • Laundry Features: Washer/Dryer Connection
  • Security: Security System
  • Cooling: Zoned, Electric
  • Cooling Y N: Yes
  • Heating: Zoned, Electric
  • Heating Yn: Yes
  • Sewer: City Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: None
  • Association: No

Schools

  • Elementary School: Castro
  • High School: Veterans Memorial H.S.
  • Junior High Dist: Mission ISD
  • Middle Or Junior School: Mission Junior High

Lot Info

  • Lot Size Sq Ft: 11238.48
  • Parcel #: M520000117000600
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 13
  • Tax Annual Amount: 4300

Multi Family

  • Number Of Units In Community: 5
  • Number Of Units Total: 4
  • Annual Gross Income: 26400
  • Insurance Expense: 2200

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 12, 2014
Closed on
Dec 12, 2014
Sold by
Deanda Ricardo and Deanda Patricia
Bought by
Chiang Chia Ni
List Price
$198,000
Current Estimated Value
$368,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.59%
Original Mortgage
$138,750
Outstanding Balance
$106,750
Interest Rate
4.04%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$261,250

Purchase Details

Closed on
Aug 22, 1997
Sold by
Flores Ernesto and Gonzalez Imelda Flores
Bought by
Deanda A C and Deanda Elvira

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$30,000
Interest Rate
7.2%
Mortgage Type
Commercial
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
Chiang Chia Ni -- Vltc
Deanda A C -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chiang Chia Ni $138,750
Previous Owner Deanda Ricardo $135,000
Previous Owner Deanda A C $30,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/12/2014 12/12/14 Sold -- -- --
11/12/2014 11/12/14 Pending -- -- --
02/12/2014 02/12/14 For Sale $198,000 -- $54 / 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 $8,079 $320,206 $101,250 $218,956
2024 $8,079 $315,000 $101,250 $213,750
2023 $6,641 $262,000 $50,625 $211,375
2022 $6,112 $240,000 $50,625 $189,375
2021 $5,935 $229,573 $50,625 $178,948
2020 $5,923 $222,387 $47,813 $174,574
2019 $6,007 $220,185 $39,375 $180,810
2018 $5,455 $198,669 $39,375 $159,294
2017 $5,298 $191,020 $39,375 $151,645
2016 $4,557 $164,280 $39,375 $124,905
2015 $4,353 $155,980 $39,375 $116,605
Source: Public Records

Map

Source: Greater McAllen Association of REALTORS®

MLS Number: 172303

Greater McAllen Association of REALTORS®

APN: M5200-00-117-0006-00

Texas Hidalgo County Mission 78572

701 Oblate Ave, Mission, TX

This home is located at 701 Oblate Ave, Mission, TX 78572 since 12 February 2014 and is currently estimated at $368,000, approximately $100 per square foot. This property was built in 2003. 701 Oblate Ave is a home located in Hidalgo County with nearby schools including Castro Elementary School, Mission Junior High School, and Veterans Memorial High School.

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