tomo logo

$495,000

Beds
Unknown
sq ft
4,406

205 Teak Dr, Edinburg, TX 78541

205 Teak Dr

Edinburg, TX 78541

  • 349 days on market
    • Price drop $20,000↓
Huge kitchen and closets, wonderful bathrooms, neutral light colors a PERFECT INVESTMENT OPPORTUNITY ON NEWER UNITS! Fully rented 4-plexes in Edinburg's gated West Oaks apartment community. Located half a mile from expressway and a mile from UTRGV. Property features two 2/2 and two 3/2 units have all tile flooring, extensive cabinets throughout, patios and side yards in the 2/2, larger yards in the 3/2s, and carports. Tenants pay all utilities, owner pays only house meters for sprinklers an exterior lights and trash. All appliances are included!(washers, dryers, stoves, and microwaves). Fully occupied units send your offer with $0 option to see every unit for inspections and appraisals!

Details

Property type

Apartment

Lot size

0.2388 acres

Price per sq ft

$113

Year built

2016

Annual property taxes

$12,125

Monthly HOA fee

$50

Price History

08/05/2024
McAllenTX

McAllenTX #415183

Price change
$495,000
-3.88%
03/25/2024
McAllenTX

McAllenTX #415183

Listed
$515,000
03/19/2024
McAllenTX

McAllenTX #415183

Pending
$515,000

Schools & Community

Elementary school: 

Austin

Middle school: 

B.L. Garza

High school: 

Edinburg North H.S.

Community features: 

Curbs, Gated, Sidewalks, Street Lights

High school district: 

Edinburg ISD

Number of units in community: 

4

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$148,961
Asking price
$495,000
Closing costs (~8% of asking)
-$39,600
Est. remaining loan balance
-$306,439
Cash to seller
$148,961

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Academy Mortgage Corp

Loan start date

November 2021

Original loan amount

$326,250

Est. remaining balance

$306,439

Interest rate

3.01%

Loan type

New Conventional, 30 year

Seller

Ada Cole

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 09/19/2024 at 11:45 AM

Listing updated: 08/05/2024 at 11:20 AM

Listed by: Irene Uribe Manrique de Lara, First Choice Realty Phone #: (956) 212-2553

MLS: McAllenTX #415183

McAllenTX logo

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