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Weslaco 78596
1701 N Border Ave
$130,000
● House - Off Market

1701 N Border Ave

Weslaco, TX 78596
bedrooms
3 Beds
bathrooms
2 Baths
square feet
3,200 Ft²
$196,700
RealtyHop Estimate
45.70%
Since Feb 1, 2020
National-US
Primary Model

About This Property

Commercial Investment Opportunity! Great 1.37 Ac Property with Existing Residential Improvement. Strategically Positioned Adjacent to New Apartment Complex on N Border Ave and 1/2 Mile N of Expy 83. Providing the Potential for Commercial Development. Includes a Residence with 3,100+ SqFt of Air Conditioned Space Which Can Be Converted to Commercial or Removed for New Development. The Property is Within the Weslaco City Limits w/ 144 Ft of Frontage and 316 Ft of Depth, This Acreage Has Lots of Possibilities.
Unit Size
3,200 Ft²
Days on Market
-
Land Size
1.37 acres
Price per sqft
$42
Property Type
House
Property Taxes
$239
HOA Dues
-
Year Built
1920

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 5 months ago (LERA #1390661)

Price History

Date / Event Date Event Price
Jan 22, 2020 Sold
Premium
Sold
Jun 11, 2019 Listed by Keller Williams Heritage $135,000
Listed by Keller Williams Heritage

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1920
  • Effective Year Built: 1991
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 0
  • Exterior Walls Type: 12
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 3
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 13
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 483
  • Parking Space Count: 2
  • Patio Type: 59
  • Porch Type: 66
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 59,749
  • Total Building Area: 3,632
  • Gross Building Area: 3,794
  • Building Area: 1,837
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,837
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: STARLIGHT - SWL
  • Land Acres: 0000001372
  • Standard Land Use Code: 1001
  • County Land Use Code: A1
  • State Land Use Code: A1
  • Legal Description 1: STARLIGHT LOT 8

Neighborhood

  • School District Name: Weslaco Independent School District
  • School Tax School District: R02 SST SWL
  • Census Tract: 022401

Zoning

  • Zoning: RS

Geography

  • Assessors Map Reference: MB 35 PG 190
  • Parcel: S5921-00-000-0008-00
  • Lot: 8
  • Municipality: CITY OF WESLACO
  • Latitude: 26.1772
  • Longitude: -97.9994

    Address

  • Full Address: 1701 N Border Ave
  • Address - House Number: 1701
  • Street Direction: N
  • Address - Street Name: Border
  • Address - Suffix Type: Ave
  • State: TX
  • City Name: Weslaco
  • Carrier Code: C005
  • 4-Digit Zip Code: 3603
  • Zip Code: 78599

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $602,934
  • Tax Rate Code Area: SWL

    Appraisal Valuation

  • Standard Deviation: 0.2301
  • Valuation Date: Nov 15, 2023
  • Confidence Score: 68
  • Final Value: 281,952
  • High Value: 346,847
  • Low Value: 217,057

    Market Valuation

  • Market Total Value: $297,521
  • Market Land Value: $155,347
  • Market Improvement Value: $142,174

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $297,521
  • Assessed Land Value: $155,347
  • Assessed Improvements Value: $142,174

    Sales

  • Current Sale Contract Date: Jan 16, 2020
  • Current Sale Recording Date: Jan 22, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 70
  • Current Sale Input Document Number: 3081902
  • Previous Sale Recording Date: Aug 24, 2005
  • Previous Sale Contract Date: Aug 15, 2005
  • Previous Sale Amount: $156,000
  • Previous Sale Document Type: 68
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Weslaco

Stats & Trends

Median Asking:

$160,500

Sale Price/ft²

$93

Below Asking

0.05%

Average Days on Market

142

Average Home Size

840 ft²

Average Home Age

4 years

Currently For Sale

5 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 2101 W Business 83, TX, 78596

$925 /mo

  • 2 Beds
  • 2 Baths
2101 W Business 83, TX, 78596 Listing by Rick Rivera
Unit for rent at 1430 Mile 6 1/2 W, TX, 78596

$877 /mo

  • 2 Beds
  • 2 Baths
1430 Mile 6 1/2 W #50, TX, 78596 Listing by Rick Rivera

Rentals Near You

Click here to view more rentals in the neighborhood.
LERA

Listed by: Lillie Dominguez, Keller Williams Heritage
Last Updated: 5 months ago
Data Source: LERA, MLS# 1390661
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

Frequently Asked Questions

When was property at 1701 North Border Avenue built and last sold?
The property at 1701 North Border Avenue was built in 1920 and last sold on Jan 16, 2020 for $154,400.
How much is this home worth?
The estimated value of the home located at 1701 North Border Avenue is $148,274.
What are some comparable homes to 1701 North Border Avenue?
There are currently no comparable homes to 1701 North Border Avenue.
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