12923 Joseph Ave

Mission, Texas, 78574

Redeemable DeedcancelledSells Aug 4, 2026 · 66 days ago

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Beds: 2
Baths: 1
SqFt: 988
Lot Size: 21,891
Year Built: 1995
APN: J8165-00-000-0017-00

Property Type: Sfr
Distressed: No
Vacant: No
Owner Type: Individual
Owner Status: Owner Occupied
Length of Ownership: 1 Month
Purchase Method: Financed
County: Hidalgo

Value

Estimated Value: $119,000
County Market Value: $102,067; 2024
Assessed Value: $102,067; 2025

Mortgage & Debt

Open Mortgages: 1
Estimated Balance: $77,100
Lien Flags: None recorded; RealEstateAPI flags · not a lien search
Tax Delinquent Since: 2016

Last Sale

Public Record: $95,000; 07/29/2026
Document Type: Special Warranty Deed

Opportunity

Opening Bid: $19,095
Bid / Value: 16%; of $119,000
Property Tax 2024: $1,705; annual bill · not the amount owed
Equity (est.): $41,968; 35%
Monthly Rent: $877; Suggested rent
Gross Yield: 8.84%
Linked Properties: 2

Opening bid

$19,095

Assessed value

$102,067

Land $43,124Improvement $58,943

Market / AVM

$119,000

Property tax 2024

$1,705

Annual bill — the sale list gives no amount owed

Case number T-1512-21-D

Property facts enriched via realestateapi · 8/25/2026

Ownership Information

Owner 1 Name: Marisol Gomez
Mailing Address: 12923 Joseph Ave, Mission, TX 78574
Owner Type: Individual
Corporate Owned: No

Property Characteristics

Bedrooms: 2
Total Bathrooms

Deal analysis

Recorded	Position	Amount	Type	Lender	Rate	Term	Maturity	Doc #
07/29/2026	First	$77,100	Commercial	Horacio Pena	6.62%	180	04/15/2042	3774430

Recorded	Position	Amount	Type	Lender	Rate	Term	Maturity	Doc #	Open
07/29/2026	First	$77,100	Commercial	Horacio Pena	6.62%	180	04/15/2042	3774430	Yes

Sale Date	Recorded	Amount	Document	Doc #	Arm's Length	Method	Buyer	Seller
07/29/2026	07/29/2026	$95,000	Special Warranty Deed	3774430	Yes	Financed	Marisol Gomez	Horacio Hernandez Pena
07/10/2026	07/10/2026	$29,081	Sheriffs Deed	3768926	Yes	Cash Purchase	Horacio Hernandez Pena	Marco Antonio Veloz
04/13/2011	12/18/2013	$35,000	Vendors Lien	2013-2472677	Yes

Your maximum bid

$68,731

Walk away above this. Projected profit at the ceiling: $35,700 (30% of ARV).

Opening bid $19,095

Room to bid $49,635

Confidence: medium — ARV from a provider market estimate, not comps.

History-guided suggestion

$36,200

Under max by $32,531

≤ oracle maxBid

Co-pilot target using recorded auction history. Never above your maximum bid.

History sample

—

Median sold

—

p(redeem) prior

—

No historical bucket for TX|Redeemable Deed; suggestion uses oracle only.

Your assumptions

After-repair value (ARV)

Override the derived estimate with real comps

Rehab budget

You cannot inspect before bidding — budget for the worst plausible condition

Known surviving liens

Municipal code enforcement, special assessments, federal tax liens

Target margin — 30%

Required profit as a share of ARV. 30% is a common floor for tax-sale flips.

How that number is built

Provider market estimate of $119,000. This is an as-is valuation, not an after-repair one — enter your own comparable-sales figure if the property needs work.

After-repair value: $119,000
Selling costs on exitassumed 8.0% of ARV — agent commission plus seller-side closing.: −$9,520
Rehabassumed No rehab budget entered — assumed $0. Tax-sale parcels are sold unseen and un-inspected; this is rarely correct.: −$0
Quiet title (required)assumed Midpoint of the typical TX range ($1,800–$5,000, ~5 months).: −$3,400
Deed recording and transferassumed Typical TX recording and deed issuance cost.: −$400
Holding costs (7 months)assumed Taxes, insurance, and securing the property at ~$179/month.: −$1,250
Surviving liensassumed Assumed $0 — not verified. Municipal code-enforcement liens, special assessments, and federal tax liens can survive the sale.: −$0
Target profit (30% of ARV): −$35,700
Maximum bid: $68,731

If the owner redeems

Flat penalty

25%

You'd receive

$17,183

Window

730 days

A 25% flat penalty applies if the owner redeems. It is a penalty, not annual interest — the rate does not change with how early they redeem.

homestead and agricultural-use property (2 years); all other property is 180 days

Quoted elsewhere as 51% annualised — true only if they redeem on the last possible day and you immediately redeploy the capital. Treat the flat penalty as the real number.

Before you bid

Rehab is assumed to be $0. You cannot inspect these properties before bidding — budget for the worst plausible condition.
Surviving liens assumed $0. The 180-day vs 2-year window turns on the property's use at the time of sale, which the sale list does not state — treat any homestead-looking residential parcel as potentially 2-year.

12923 Joseph Ave

Value

Mortgage & Debt

Last Sale

Opportunity

Ownership Information

Property Characteristics

12923 Joseph Ave

Value

Mortgage & Debt

Last Sale

Opportunity

Ownership Information

Property Characteristics

Building Size

Land/Location Information

Legal Description

Tax Assessment Information

Last Non-Arm's Length Ownership Transfer

Recording Information

Buyer/Seller Information

Last Arm's Length Sale Information

Recording Information

Buyer/Seller Information

First Mortgage Information

Distress Flags

Area

Fair Market Rents

Tax Assessment Information

Open Mortgages

Mortgage History

Sale History

County records

Hidalgo County rules

Historical comps

Verify before you bid