Income Property with Pecan Trees in El Paso's Upper Valley Discover an exceptional investment opportunity in the heart of El Paso's coveted Upper Valley. This 1.69-acre property is surrounded by stunning residences and offers a serene atmosphere with picturesque views, mature pecan trees, and a peaceful setting that guests and residents will love. Featuring three well-maintained units, this property is currently operating as a successful Airbnb with excellent occupancy rates. Its flexible setup allows you to continue leveraging it as an income-generating short-term rental or live in one unit while earning passive income from the others. Property Highlights: Prime Location: Situated in the desirable Upper Valley, close to amenities yet offering the tranquility of a rural retreat. Income Potential: Turnkey Airbnb operation with established rental history and strong demand. Irrigation Rights & Domestic Well: A rare find.
This property is $705.2K more than the Median Sold Price and $252/SqFt more than other homes in El Paso, TX.
Based on homes sold in November 2024
MLS Details
MLS Information:
MLS Name: Greater El Paso Association of REALTORS®
MLS Number: #913632
Listing Office:
Office Name: Realty One Group Mendez Burk
Office Email: gm@realtyonemb.com
Listing Agent: Gabriel Mendez
The data relating to real estate for sale on this web site comes in part from the IDX Program of the Greater El Paso Association of REALTORS®. Real estate listings held by other brokerage firms are marked with the IDX logo or the IDX thumbnail logo and detailed information about them includes the name of the listing brokers.
IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that data is deemed reliable but is not guaranteed accurateby the MLS. The broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision.
Last updated on: 12/17/2024, 11:21:05 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Tax History
YEAR
PROP. TAX
ASSESSMENT
2020
$4,612
$193,642
2019
$269
$10,951
2018
$269
$10,951
2017
$270
$10,951
History based on county public records data.
Payment Calculator
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$3,960
Per Month
Principal & Interest
$3,893
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$2,405
Powered By
Advertisement
NMLS#3030
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
4
/10
Gonzalo & Sofia Garcia Elementary School
6550 Westside Dr
Distance between this listing and this school0.66 miles
Public District Grades PK-5
6
/10
Jose H. Damian Elementary School
6300 Strahan
Distance between this listing and this school0.85 miles
Public District Grades PK-5
7
/10
Canutillo Elementary School
651 Canutillo Ave
Distance between this listing and this school1.67 miles
Public District Grades PK-5
Nearby Schools
5
/10
Jose J. Alderete Middle School
801 Talbot Ave
Distance between this listing and this school1.59 miles
Public District Grades 6-8
6
/10
Canutillo Middle School
7311 Bosque Rd
Distance between this listing and this school2.06 miles
Public District Grades 6-8
5
/10
Brown Middle School
7820 Helen of Troy Dr
Distance between this listing and this school2.62 miles
Public District Grades 6-8
Nearby Schools
9
/10
Northwest Early College High School (Nwechs)
6701 S Desert Blvd Bldg N
Distance between this listing and this school1.63 miles
Public District Grades 9-12
4
/10
Canutillo High School
6675 S Desert Blvd
Distance between this listing and this school1.67 miles
Public District Grades 9-12
4
/10
El Paso Academy West
201 W Redd Rd
Distance between this listing and this school2.71 miles
The neighbors living near this home have an average income of $70,139. The majority of El Paso, TX residents have income between $35k-100k annually. Most families are married, no kids. The most common level of education of people living in this area is post secondary degree.
All data provided by Home Junction and Claritas
Living In El Paso, TX
Content displayed has been generated by an AI model trained on a diverse range of data. While efforts have been made to ensure the quality and reliability of the content, there may be limitations or inaccuracies. The content should not be considered as a substitute for professional advice, and we recommend consulting with appropriate experts and independent sources for specific information or guidance. We assume no responsibility for any consequences arising from the use of this content.
Types of housing in El Paso, TX.
El Paso's housing market is diverse, with single-family homes being the most prevalent, reflecting a mix of architectural styles from classic ranch to modern desert-inspired designs. The market is complemented by a selection of apartments and townhouses, accommodating a range of lifestyle needs. A significant portion of the housing stock dates back to the late 20th century, with a homeownership rate that is robust, indicative of a community invested in long-term residency.
What is it like to live in El Paso, TX?
El Paso prides itself on a rich cultural tapestry, influenced by its unique position at the crossroads of Texas, Mexico, and New Mexico. The community's character is shaped by a blend of American and Mexican traditions, with annual events like the Fiesta de las Flores celebrating this heritage. The city's ambiance is one of relaxed southwestern charm, with a strong sense of local pride and family-oriented values.
Is it easy to get around El Paso, TX without a car?
The community is served by a comprehensive array of services, including numerous public and private schools that cater to a range of educational needs, from early childhood to secondary education. Healthcare is accessible through several hospitals and clinics offering a spectrum of services from emergency care to specialized treatments. Retail and dining options are plentiful, reflecting the local culture with a mix of international and traditional cuisines, and the public library system is well-established, supporting lifelong learning and community engagement.
Transportation in El Paso, TX.
Transportation in El Paso features a network of buses that connect various parts of the city, with schedules designed to accommodate commuters and residents alike. Ride-sharing services are readily available, providing additional options for convenient travel. The city is also served by major highways, facilitating easy travel to neighboring regions. Efforts to enhance walkability and bikeability are evident in certain districts, promoting a more pedestrian-friendly environment.
This home is located at 532 Cocula Ave in El Paso, TX and zip code 79932. This 2,409 square foot home, which was built in 2002, sits on a 1.65 acre lot. It has been listed on Rocket Homes since December 16, 2024 and is currently priced at $780,000.
El Paso, TX housing market in November 2024 saw over 0 listings sold above listed price, more than 0 sold at listed price and over 1 sold below. The number of listings in El Paso, TX decreased by 2.6% between October 2024 and November 2024. In November 2024, listings were on the market for 57 days. During the same period, the median list price in this real estate market was $74,767.
From Rocket Homes Real Estate and based on county public records data.