NOT LISTED FOR SALE

914 W Cherokee Ave Pharr, TX 78577

Estimated Value: $655,000

-- Bed
16 Baths
9,416 Sq Ft
$70/Sq Ft Est. Value

Last Sold September 21, 2022

Current estimated payment $4,948/month

13 Days on Market

Highlights

  • 0.38 Acre Lot
  • No HOA
  • Double Pane Windows
  • Corner Lot
  • Covered Patio or Porch
  • 4-minute walk to Pharr, Tx Skatepark

About This Home

As of September 2022

Great Investment Opportunity in the heart of Pharr, TX! This 8-unit apartment complex is being sold along with the 8 units next door (910 Cherokee - MLS # 379503 ) for a total of 16 units. These are all 2 bedroom / 2.5 bath two-story apartments.

(Unit 910 next door has 4- 3/2.5 and 4 - 2.25). Centrally located close to restaurants, shopping, schools and hospitals. Both buildings have new roof replaced 3 months ago.

Last Agent to Sell the Property

Olga Arriaga

Dolce Vita Realty Listed on: 03/28/2022

Last Buyer's Agent

Olga Arriaga

Dolce Vita Realty Listed on: 03/28/2022

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $16,860

Year Built

  • Built in 1998

Lot Details

  • 0.38 Acre Lot
  • Partially Fenced Property
  • Privacy Fence
  • Wood Fence
  • Corner Lot

Home Design

  • Brick Exterior Construction
  • Slab Foundation
  • Composition Shingle Roof

Interior Spaces

  • 9,416 Sq Ft Home
  • 2-Story Property
  • Crown Molding
  • Ceiling Fan
  • Double Pane Windows
  • Electric Range

Flooring

  • Laminate
  • Tile

Laundry

  • Laundry Room
  • Washer and Dryer Hookup

Parking

  • Garage
  • 2 Carport Spaces
  • No Garage
  • Rear-Facing Garage

Schools

  • Aida C. Escobar Elementary School
  • Liberty Middle School
  • Southwest High School

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater

Additional Features

  • Energy-Efficient Thermostat
  • Covered Patio or Porch

Listing and Financial Details

  • Assessor Parcel Number S264500000000600

Community Details

Overview

  • No Home Owners Association
  • 3 Buildings
  • 3 Units
  • Shadow Subdivision

Building Details

  • Insurance Expense $6,222
  • Maintenance Expense $7,500
  • Gross Income $66,900

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$16,860

Year Built

Built in 1998

Lot Details

0

Listing Details

  • Directions: From McAllen head East on Business 83 to Sugar Rd. Take a Right (South) on Sugar Rd two blocks to Cherokee Ave. First building will be on the corner of Cherokee and Sugar. Rd.
  • Year Built: 1998
  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.3753
  • Road Surface Type: Paved
  • Subdivision Name: Shadow
  • Carport Y N: Yes
  • Garage Yn: No
  • Efficiency: Other, Thermostat
  • Building Stories: 2
  • Non-Allowables: No
  • Repairs YN: No
  • Special Features: None
  • Stories: 2

Interior Features

  • Roof: Composition Shingle
  • Appliances: Electric Water Heater, Refrigerator, Stove/Range-Electric Coil
  • Flooring: Laminate, Other, Tile
  • Living Area: 9416
  • Window Features: Energy Features (Double Pane Windows)

Exterior Features

  • Interior Amenities: Ceiling Fan(s), Crown/Cove Molding
  • Fencing: Partial, Privacy, Wood
  • Lot Features: Corner Lot
  • Home Warranty: No
  • Construction Type: Brick
  • Foundation Details: Slab
  • Other Structures: Outbuilding (None)
  • Patio And Porch Features: Covered Patio
  • Pool YN: No

Garage/Parking

  • Carport Spaces: 2
  • Covered Parking Spaces: 2
  • Parking Features: No Garage, Other Garage or Carport, Garage Faces Rear

Utilities

  • Laundry Features: Laundry Area, Laundry Room, Washer/Dryer Connection
  • Cooling: Central Air, Electric, Other HVAC
  • Cooling Y N: Yes
  • Heating: Central, Electric, Other HVAC
  • Heating Yn: Yes
  • Sewer: City Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: None, Other, Street Lights
  • Association: No

Schools

  • Elementary School: Aida C. Escobar
  • High School: Southwest H.S.
  • Junior High Dist: PSJA ISD
  • Middle Or Junior School: Liberty

Lot Info

  • Lot Size Sq Ft: 16348.068
  • Parcel #: S264500000000600
  • ResoLotSizeUnits: SquareFeet

Building Info

  • Buildings: 3

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 16860

Multi Family

  • Number Of Units In Community: 3
  • Number Of Units Total: 8
  • Annual Gross Income: 66900
  • Insurance Expense: 6222

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 5, 2023
Sold by
Crabb Jefferson A
Bought by
Mmctg Llc
Current Estimated Value
$655,000

Purchase Details

Listed on
Mar 28, 2022
Closed on
Sep 21, 2022
Sold by
Jucar Apartments Llc
Bought by
Cherokee Village Llc
Seller's Agent
Olga Arriaga
Dolce Vita Realty
Buyer's Agent
Olga Arriaga
Dolce Vita Realty
List Price
$650,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.65%

Purchase Details

Closed on
Mar 2, 2018
Sold by
Mmctg Llc
Bought by
Ramirez Francisco Solis

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$18,550
Interest Rate
4.4%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 27, 2016
Sold by
Tres Lunas Development
Bought by
Alaniz Jose and Garza Marissa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$37,450
Interest Rate
3.48%

Purchase Details

Closed on
Mar 11, 2016
Sold by
Jackson Gary L
Bought by
Alaniz Jose and Garza Marissa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$14,400
Interest Rate
3.68%

Purchase Details

Closed on
Feb 23, 2016
Sold by
Garza Benito and Garza Margarita L
Bought by
Jucar Apartments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$14,400
Interest Rate
3.68%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Mmctg Llc $37,000 Erecording Partners Network
Cherokee Village Llc -- Corporation Service
Ramirez Francisco Solis -- None Available
Alaniz Jose -- --
Alaniz Jose -- --
Jucar Apartments Llc -- San Jacinto Title Svcs Mcall
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Ramirez Francisco Solis $18,550
Previous Owner Alaniz Jose $37,450
Previous Owner Alaniz Jose --
Previous Owner Alaniz Jose $14,400
Previous Owner Alaniz Jose --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/21/2022 09/21/22 Sold -- -- --
04/08/2022 04/08/22 Pending -- -- --
04/01/2022 04/01/22 For Sale $650,000 0.0% $69 / Sq Ft
03/30/2022 03/30/22 Off Market -- -- --
03/26/2022 03/26/22 For Sale $650,000 -- $69 / 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 $17,863 $700,900 $156,960 $543,940
2024 $17,863 $794,144 $156,960 $637,184
2023 $14,875 $555,000 $47,415 $507,585
2022 $15,729 $560,760 $99,735 $461,025
2021 $13,518 $473,264 $99,735 $373,529
2020 $11,892 $411,103 $49,050 $362,053
2019 $12,162 $415,000 $49,050 $365,950
2018 $11,851 $402,063 $49,050 $353,013
2017 $11,922 $401,063 $49,050 $352,013
2016 $12,110 $407,400 $47,415 $359,985
2015 $12,036 $402,674 $47,415 $355,259
Source: Public Records

Agents Affiliated with this Home

  • Olga Arriaga

    Seller's Agent in 2022

    Olga Arriaga

    Dolce Vita Realty

    (956) 827-5025

    6 in this area

    120 Total Sales

    Olga Arriaga
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Map

Source: Greater McAllen Association of REALTORS®

MLS Number: 379481

Greater McAllen Association of REALTORS®

APN: S2645-00-000-0006-00

Texas Hidalgo County Pharr 78577

914 W Cherokee Ave, Pharr, TX

Not Listed for Sale

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