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    2911 Penelope Dr Edinburg, TX 78542

    For Sale
    $79,500

    Build Your Dream Home in Edinburg, TX

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 22,655.56 square foot residential lot presents a prime opportunity for building a single-family home in the desirable Edinburg, Texas area. Located at 2911 Penelope Drive, 78542, this property offers a spacious canvas for your ideal living space. The land is conveniently situated within the Edinburg Independent School District, with all grade levels conveniently located within approximately five miles, making it an excellent choice for families. The property's address is 2911 Penelope Drive, Edinburg, Hidalgo County, Texas. Directions indicate heading north approximately half a mile from Economedes High School before reaching Monte Cristo Road. The asking price for this remarkable lot is $79,500. This represents a fantastic investment opportunity in a thriving Texas community. The lot size provides ample space for a substantial home and landscaping, offering both privacy and potential for outdoor enjoyment. Don't miss this chance to create your dream home in a convenient and family-friendly location. The property is classified as residential land and is ready for immediate development.

    Property Features for 2911 Penelope Dr

    General Information

    Property type
    Land

    HighLights

    • 22,655.56 SF residential lot in desirable Edinburg, TX.
    • Located at 2911 Penelope Drive, Edinburg, TX 78542.
    • Edinburg ISD, all grade levels within ~5 miles.
    • $79,500 asking price.
    • Ready for immediate development.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Auto Repair Shop Hotel & Motel Kitchen & Bath HVAC Service Bar & Pub Garden Center Electronics Store Computer & Electronic Repair Barber Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Edinburg
    County
    Hidalgo
    State
    Texas
    Longitude
    -98.0966884
    Latitude
    26.3223793

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    FAQs

    What type of property is this?
    Land - Build Your Dream Home in Edinburg, TX
    Where is this land located?
    The property is located at 2911 Penelope Dr Edinburg, TX.
    What is the asking price?
    The asking price for this property is $79,500.
    What are key features of this property?
    This property features: 22,655.56 SF residential lot in desirable Edinburg, TX.; Located at 2911 Penelope Drive, Edinburg, TX 78542.; Edinburg ISD, all grade levels within ~5 miles.
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    2911 Penelope Dr Edinburg, TX 78542
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    Edinburg, TX 78542
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2911 Penelope Dr Edinburg, TX 78542
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