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$324,000

NAL Estimated Property Value

1531 E Rio Grande Ave, El Paso, TX, 79902

$352,667 ARVInfo
Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths2,100 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$164.29 / sqft
Year BuiltBuilt in 1929

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2.5Bathrooms Full 2.5
Indoor FireplaceIndoor Fireplace
Heating Forced Air UnitHeating Forced Air Unit
CoolingCooling
AppliancesDisposal, Free-Standing Gas Oven, Microwave, Refrigerator, Tankless Water Heater
FlooringTile, Hardwood

Exterior

Private PoolPrivate Pool
Exterior FeaturesBalcony
Lot Size6,000 sqft

Building Information

Year Built2023
Roof Type106

Land Information

APNG537-999-0060-7300
SubdivisionGolden Hill
Land UseResidential
Legal Description6 GOLDEN HILL 24 & 25 (6000.00 SQ FT)
Census Tract002201
Assessed Land Value$37,884
Assessed Improvement Value$206,202
Assessment Year2025

About this property

Truly a unique experience! Destined to be a classic! This is your opportunity to own a wonderfully re-crafted home. Almost new in the heart of the city! Avoid the commute! Originally built in 1929, the original home has been perfectly renovated to highlight its historic significance while blending in all the modern amenities. The addition, completed in 2023, features the perfect master bedroom and a huge loft with hardwood flooring, a wet bar, and Onix stone highlighted with LED lighting. The entire home has been updated, including all electrical, plumbing, and HVAC components, along with new sewer lines. Only a few minutes drive from UTEP, downtown, Ft Bliss, hospital district, and all the trendy hotspots El Paso has to offer. Take advantage of todays Buyers Market! Make an offer today!

Investor Tools

Property Icon
$324,000
Estimated Property Value
$158,365Estimated Mortgage Balance
$165,635Estimated Equity
51% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$352,666
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,280 /month
Positive
Cash Flow Estimate:
$760 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$663/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,336
$244,086
2025
$37,884
$206,202
$244,086
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,336
$244,086

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
First Savings Bank
Open End Mortgage / Open End With Future Advance Clause
$168,750
No
First
Jan 12, 2023
Jul 2049

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$158,365
$165,635
51%
49%
$1,012/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,664/mo
$1,012/mo
+$652/mo
6.2%

City: El Paso

1531 E Rio Grande Ave | Property Details | No Agent List