NOT LISTED FOR SALE

923 E Madison Ave Harlingen, TX 78550

Estimated Value: $156,000 - $214,000

-- Bed
-- Bath
1,954 Sq Ft
$95/Sq Ft Est. Value

Last Sold February 25, 2022

Current estimated payment $1,160/month

186 Days on Market

Highlights

  • Mature Trees
  • No HOA
  • Laundry closet
  • Corner Lot
  • Covered Patio or Porch
  • Tile Flooring

About This Home

As of February 2022

Owner finance This great money generating investment with 3 units for rent and space to install a 4th unit as well with 20% down and a 15yr note at a 5% it is located in a corner lot minutes away from shopping centers, restaurants, and the expressway!

Last Agent to Sell the Property

Cesar Salas

All Terrain Realty Listed on: 06/24/2021

Last Buyer's Agent

Cesar Salas

All Terrain Realty Listed on: 06/24/2021

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,640

Year Built

  • Built in 1960

Lot Details

  • 6,000 Sq Ft Lot
  • Wood Fence
  • Corner Lot
  • Mature Trees

Parking

  • No Garage

Home Design

  • Triplex
  • Slab Foundation
  • Shingle Roof
  • Wood Siding

Interior Spaces

  • 1,954 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Fire and Smoke Detector
  • Electric Cooktop

Flooring

  • Tile
  • Vinyl

Laundry

  • Laundry closet
  • Washer and Dryer Hookup

Outdoor Features

  • Covered Patio or Porch

Schools

  • Travis Elementary School
  • Memorial Middle School
  • Harlingen High School

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 2122500010012000

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units
  • Harlingen Subdivision

Building Details

  • Insurance Expense $1,200
  • Maintenance Expense $150
  • Gross Income $2,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,640

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Directions: From expressway 83 take FM206 in Harlingen and then take a right on 10th St and drive all the way to Madison Ave. The property is on the left corner of 10th and Madison Ave
  • Year Built: 1960
  • Property Sub Type: Triplex
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.1377
  • Road Surface Type: Paved
  • Subdivision Name: Harlingen
  • Carport Y N: No
  • Garage Yn: No
  • Efficiency: None
  • Building Stories: 1
  • Non-Allowables: No
  • Repairs YN: No
  • Special Features: None
  • Stories: 1

Interior Features

  • Roof: Shingle
  • Appliances: Electric Water Heater, Electric Cooktop
  • Flooring: Tile, Vinyl
  • Living Area: 1954

Exterior Features

  • Interior Amenities: Ceiling Fan(s)
  • Fencing: Wood
  • Lot Features: Alley, Corner Lot, Mature Trees
  • Home Warranty: No
  • Construction Type: Wood Siding
  • Foundation Details: Slab
  • Other Structures: Outbuilding (None)
  • Patio And Porch Features: Covered Patio
  • Pool YN: No

Garage/Parking

  • Parking Features: No Carport, No Garage

Utilities

  • Laundry Features: Laundry Area, Washer/Dryer Connection
  • Security: Smoke Detector(s)
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Sewer: City Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: None
  • Association: No

Schools

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

Lot Info

  • Lot Size Sq Ft: 5999.9544
  • Parcel #: 2122500010012000
  • ResoLotSizeUnits: SquareFeet

Building Info

  • Buildings: 2

Tax Info

  • Tax Year: 2020
  • Tax Annual Amount: 1640

Multi Family

  • Number Of Units In Community: 2
  • Number Of Units Total: 3
  • Annual Gross Income: 2000
  • Insurance Expense: 1200

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 24, 2021
Closed on
Feb 23, 2022
Sold by
Miller Olivera Gerardo
Bought by
Casas Nancy T
Seller's Agent
Cesar Salas
All Terrain Realty
Buyer's Agent
Cesar Salas
All Terrain Realty
List Price
$165,000
Current Estimated Value
$185,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.99%
Original Mortgage
$132,000
Outstanding Balance
$105,255
Interest Rate
2.77%
Mortgage Type
Seller Take Back
Estimated Equity
$79,745

Purchase Details

Closed on
Sep 13, 2019
Sold by
Harlingen Community Development Corp
Bought by
Miller Olivera Gerardo

Purchase Details

Closed on
Aug 8, 2000
Sold by
Clark Leslie
Bought by
Harlingen Community Development Corp

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$63,160
Interest Rate
8.21%
Mortgage Type
Construction

Purchase Details

Closed on
Jul 16, 1998
Sold by
Hernandez Jose
Bought by
Perez Maria Guadalupe
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Casas Nancy T -- Nancy T Casas Shaddock & Assoc
Miller Olivera Gerardo -- None Available
Harlingen Community Development Corp -- --
Perez Maria Guadalupe -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Casas Nancy T $132,000
Previous Owner Harlingen Community Development Corp $63,160
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/25/2022 02/25/22 Sold -- -- --
12/27/2021 12/27/21 Pending -- -- --
10/13/2021 10/13/21 Price Changed $165,000 0.0% $84 / Sq Ft
10/13/2021 10/13/21 For Sale $165,000 -5.7% $84 / Sq Ft
08/02/2021 08/02/21 Pending -- -- --
06/24/2021 06/24/21 For Sale $175,000 -- $90 / 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 $2,305 $118,686 $41,400 $77,286
2024 $2,305 $118,686 $41,400 $77,286
2023 $2,320 $116,967 $27,300 $89,667
2022 $1,792 $78,787 $0 $33,194
2021 $1,640 $71,126 $0 $0
2020 $1,680 $71,126 $0 $33,194
2019 $1,731 $72,947 $0 $35,358
2018 $1,748 $72,947 $0 $35,358
2017 $1,724 $72,947 $13,800 $59,147
2016 $1,611 $68,147 $9,000 $59,147
2015 -- $68,147 $9,000 $59,147
Source: Public Records

Agents Affiliated with this Home

  • Cesar Salas

    Seller's Agent in 2022

    Cesar Salas

    All Terrain Realty

    (956) 784-9631

    2 in this area

    47 Total Sales

    Cesar Salas
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Map

Source: Greater McAllen Association of REALTORS®

MLS Number: 359845

Greater McAllen Association of REALTORS®

APN: 212250-0010-012000

Texas Cameron County Harlingen 78550

923 E Madison Ave, Harlingen, TX

Not Listed for Sale

MultiFamily

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