Sold

Price Unknown

545 S Colorado Ave, Mercedes, TX 78570

3beds

1,036sqft

Single Family Residence

Built in 1984

8,002 Square Feet Lot

$63,200 Zestimate^®

$--/sqft

$1,015 Estimated rent

Home value

$63,200

$57,000 - $70,000

$1,015/mo

Zestimate^® history

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What's special

This 3-bedroom, 1-bathroom home sits on a spacious corner lot in one of Mercedes' most sought-after areas. With solid bones and great curb potential, it's the perfect project for an investor or handy buyer ready to bring new life into it. Whether you're flipping, renting, or restoring for resale, the location alone makes this a smart move. Don't miss out—homes like this with great potential in a prime location go fast!

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 3
Bathrooms: 1
Full bathrooms: 1

Primary bedroom

Features: None

Appliances

Included: Dryer, Washer, Electric Water Heater

Features

None
Flooring: Laminate

Interior area

Total structure area: 1,036
Total interior livable area: 1,036 sqft

Property

Features

Levels: One
Pool features: None

Lot

Size: 8,002 Square Feet
Features: Corner Lot

Details

Parcel number: H225000006000700

Construction

Type & style

Home type: SingleFamily
Property subtype: Single Family Residence

Materials

Wood Siding
Roof: Composition

Condition

Year built: 1984

Utilities & green energy

Sewer: Public Sewer
Water: Public

Green energy

Energy efficient items: None

Community & HOA

Community

Subdivision: Hermosa

HOA

Has HOA: No

Location

Region: Mercedes

Financial & listing details

Tax assessed value: $93,102
Annual tax amount: $2,198
Date on market: 7/14/2026
Listing terms: Cash,Conventional
Road surface type: Paved

Price history

Date	Event	Price
1/26/2026	Sold	--
Source: RGVMLS #29766158 Report a problem
1/15/2026	Pending sale	$64,900$63/sqft
Source: RGVMLS #29766158 Report a problem
12/12/2025	Price change	$64,900-10.5%$63/sqft
Source: RGVMLS #29766158 Report a problem
11/20/2025	Price change	$72,500-9.4%$70/sqft
Source: RGVMLS #29766158 Report a problem
11/3/2025	Price change	$80,000-11.1%$77/sqft
Source: RGVMLS #29766158 Report a problem
8/29/2025	Price change	$90,000-8.2%$87/sqft
Source: Greater McAllen AOR #473172 Report a problem
8/5/2025	Price change	$98,000-6.7%$95/sqft
Source: Greater McAllen AOR #473172 Report a problem
6/7/2025	Listed for sale	$105,000$101/sqft
Source: Greater McAllen AOR #473172 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$2,198 +18.7%	$79,036 +20%
2024	$1,851 +263.2%	$65,863 +25.9%
2023	$510 +8.7%	$52,313 +10%
2022	$469 +15%	$47,557 +10%
2021	$408	$43,234 +10%
2020	--	$39,304 +10%
2019	$271 -0.3%	$35,731
2018	$272	$35,731
2017	$272 -16%	$35,731 -7.9%
2016	$324 -45.6%	$38,802 -0.6%
2015	$596	$39,029 -9.4%
2014	$596	$43,098 +27.8%
2013	--	$33,726 -0.9%
2012	--	$34,016 -2.1%
2011	--	$34,742 +1.2%
2010	--	$34,331 +1.2%
2009	--	$33,908 +10%
2008	--	$30,825 +10%
2007	--	$28,023 +10%
2006	--	$25,475 +1.1%
2005	--	$25,195 +1.1%
2004	--	$24,919 +15.9%
2003	--	$21,504
2002	--	$21,504 +1.8%
2001	--	$21,132
2000	--	$21,132