NOT LISTED FOR SALE

8040 Texas 107 Unit 12 Edinburg, TX 78542

Estimated Value: $682,000

-- Bed
2 Baths
8,720 Sq Ft
$78/Sq Ft Est. Value

Last Sold March 10, 2016

Current estimated payment $4,248/month

561 Days on Market

Highlights

  • 2.26 Acre Lot
  • No HOA
  • Central Heating and Cooling System
  • San Carlos Elementary School Rated A-
  • Tile Flooring
  • Ceiling Fan

About This Home

As of March 2016

2.25 acres and 12 apts right off Hwy 107 with lots of room for building many more units. Also property have potential for a commercial strip or small c-store.

Last Agent to Sell the Property

Aurelio Garza

Re/Max Elite Listed on: 07/28/2014

Re/Max Elite

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,246

Year Built

  • Built in 1990

Lot Details

  • 2.26 Acre Lot
  • Privacy Fence

Parking

  • 12 Car Garage

Home Design

  • Slab Foundation
  • Stucco

Interior Spaces

  • 8,720 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Tile Flooring
  • Stove

Schools

  • San Carlos Elementary And Middle School
  • Economedes High School

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater
  • Septic Tank

Listing and Financial Details

  • Assessor Parcel Number S717000000000200

Community Details

Overview

  • No Home Owners Association
  • 5 Units
  • Sun Lite Acres Subdivision

Building Details

  • Gross Income $72,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,246

Year Built

Built in 1990

Lot Details

0

Parking

12

Listing Details

  • Directions: E State Hwy 107 right on the edge of west San Carlos
  • Year Built: 1990
  • Property Sub Type: Apartment
  • Prop. Type: Residential Income
  • Lot Size Acres: 2.26
  • Road Surface Type: Paved
  • Subdivision Name: Sun-Lite Acres
  • Garage Yn: Yes
  • New Construction: No
  • Efficiency: None
  • Building Stories: 1
  • GMAR_GeocodeConfidence: Unknown
  • Availability: Immediate
  • GMAR_Escrow: 5000
  • GMAR_LicensedSupervisor: Norma Hinojosa
  • Non-Allowables: No
  • Repairs YN: No
  • Special Features: None
  • Stories: 1

Interior Features

  • Appliances: Electric Water Heater, Refrigerator, Stove/Range
  • Flooring: Tile
  • Living Area: 8720

Exterior Features

  • Exterior Features: None
  • Interior Amenities: Ceiling Fan(s)
  • Fencing: Privacy
  • Construction Type: Block, Stucco
  • Foundation Details: Slab
  • Other Structures: Outbuilding (None)

Garage/Parking

  • Garage Spaces: 12
  • Covered Parking Spaces: 12
  • Parking Features: Other Garage or Carport
  • Total Parking Spaces: 12

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Sewer: Septic Tank
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: None
  • Association: No

Schools

  • Elementary School: San Carlos
  • High School: Economedes H.S.
  • Junior High Dist: Edinburg ISD
  • Middle Or Junior School: San Carlos

Lot Info

  • Lot Size Sq Ft: 98445.6
  • Parcel #: S717000000000200
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2013
  • Tax Annual Amount: 6246

Multi Family

  • Number Of Units In Community: 5
  • Number Of Units Total: 12
  • Annual Gross Income: 72000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 25, 2008
Sold by
Serrato Leonel and Serrato Martha
Bought by
Flores Ruben and Flores Orelia
Current Estimated Value
$682,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$142,500
Interest Rate
5.99%
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
Flores Ruben -- Vltc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Jimenez Investments Llc $262,500
Closed Flores Ruben $142,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/10/2016 03/10/16 Sold -- -- --
02/09/2016 02/09/16 Pending -- -- --
07/28/2014 07/28/14 For Sale $399,900 -- $46 / 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 $6,385 $359,005 $133,304 $225,701
2023 $6,161 $345,197 $133,304 $211,893
2022 $5,948 $300,171 $133,304 $166,867
2021 $6,146 $300,171 $133,304 $166,867
2020 $6,177 $299,102 $133,304 $165,798
2019 $6,287 $290,000 $133,304 $156,696
2018 $6,785 $311,592 $133,304 $178,288
2017 $5,345 $244,178 $74,012 $170,166
2016 $4,899 $223,777 $64,267 $159,510
2015 $4,320 $218,850 $64,267 $154,583
Source: Public Records

Agents Affiliated with this Home

  • Aurelio Garza

    Seller's Agent in 2016

    Aurelio Garza

    RE/MAX

    (956) 369-7761

    39 Total Sales

    Aurelio Garza
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Map

Source: Greater McAllen Association of REALTORS®

MLS Number: 178450

Greater McAllen Association of REALTORS®

APN: S7170-00-000-0002-00

Texas Hidalgo County Edinburg 78542

8040 Texas 107 Unit 12, Edinburg, TX

This home is located at 8040 Texas 107 Unit 12, Edinburg, TX 78542 since 28 July 2014 and is currently estimated at $682,000, approximately $78 per square foot. This property was built in 1990. 8040 Texas 107 Unit 12 is a home located in Hidalgo County with nearby schools including San Carlos Elementary School, Memorial Middle School, and Edinburg 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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