NOT LISTED FOR SALE

1101 S Palm Dr Pharr, TX 78577

Estimated Value: $377,000 - $392,000

Studio
16 Baths
3,834 Sq Ft
$100/Sq Ft Est. Value

Last Sold June 12, 2024

Current estimated payment $2,875/month

13 Days on Market

Highlights

  • High Ceiling
  • Laundry closet
  • Central Heating and Cooling System
  • Slab Porch or Patio
  • Tile Flooring
  • Ceiling Fan

About This Home

As of June 2024

Located on the border of Pharr and McAllen, this income-producing 4plex is a perfect investment opportunity. The convenient location to shopping, dining and the major roads continues to produce a strong rental property. This is an excellent opportunity to add an investment property into your portfolio. Don't' let this one get away. Call for your private tour today!!!

Last Agent to Sell the Property

Oscar Arambula

Top Tier Real Estate Group Llc Listed on: 04/15/2024

Last Buyer's Agent

Non-Participating Agent

Non-Participant

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,502

Year Built

  • Built in 2006

Lot Details

  • 8,170 Sq Ft Lot
  • Wood Fence

HOA Fees

  • $42 Monthly HOA Fees

Home Design

  • Quadruplex
  • Brick Exterior Construction
  • Slab Foundation
  • Composition Shingle Roof

Interior Spaces

  • Split Bedroom Floorplan
  • 3,834 Sq Ft Home
  • 1-Story Property
  • High Ceiling
  • Ceiling Fan
  • Tile Flooring
  • Fire and Smoke Detector
  • Electric Range

Laundry

  • Laundry closet
  • Dryer
  • Washer

Parking

  • Garage
  • 2 Carport Spaces
  • Rear-Facing Garage

Outdoor Features

  • Slab Porch or Patio

Schools

  • Escobar Elementary School
  • Liberty Middle School
  • Psja High School

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number S025700000001200

Community Details

Overview

  • 2 Buildings
  • 2 Units
  • Sam Houston Heights HOA
  • Sam Houston Heights Subdivision

Building Details

  • Insurance Expense $2,772
  • Maintenance Expense $472
  • Gross Income $3,225

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,502

Year Built

Built in 2006

Lot Details

8,170 Sq Ft Lot

HOA Fees

$42 per month

Listing Details

  • Directions: From Exp 83 heading east, take exit toward E. Jackson Ave/Sam Houston Avenue. Turn right onto E. Jackson Avenue. as it turns to Sam Houston Avenue. Turn right onto S. Palm Drive.
  • Year Built: 2006
  • Property Sub Type: Quadruplex
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.1876
  • Road Surface Type: Paved
  • Subdivision Name: Sam Houston Heights
  • Carport Y N: Yes
  • Garage Yn: No
  • Efficiency: Other
  • Building Stories: 1
  • Non-Allowables: No
  • Repairs YN: No
  • Special Features: None
  • Stories: 1

Interior Features

  • Roof: Composition Shingle
  • Appliances: Electric Water Heater, Refrigerator, Stove/Range-Electric Smooth
  • Flooring: Tile
  • Living Area: 3834

Exterior Features

  • Interior Amenities: Ceiling Fan(s), Decorative/High Ceilings, Dryer, Split Bedrooms, Washer
  • Fencing: Wood
  • Lot Features: Curb & Gutters, Sidewalks
  • Home Warranty: No
  • Construction Type: Brick
  • Foundation Details: Slab
  • Other Structures: Outbuilding (None)
  • Patio And Porch Features: Patio Slab
  • Pool YN: No

Garage/Parking

  • Carport Spaces: 2
  • Covered Parking Spaces: 2
  • Parking Features: Detached, Garage Faces Rear

Utilities

  • Laundry Features: Laundry Closet
  • Security: Smoke Detector(s)
  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Sewer: City Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Curbs, Sidewalks
  • Association Fee: 500
  • Association Fee Frequency: Annually
  • Association Name: Sam Houston Heights HOA
  • Association: Yes

Schools

  • Elementary School: Escobar
  • High School: PSJA H.S.
  • Junior High Dist: PSJA ISD
  • Middle Or Junior School: Liberty

Lot Info

  • Lot Size Sq Ft: 8170.1136
  • Parcel #: S025700000001200
  • ResoLotSizeUnits: SquareFeet

Building Info

  • Buildings: 2

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 8502

Multi Family

  • Number Of Units In Community: 2
  • Number Of Units Total: 4
  • Annual Gross Income: 3225
  • Insurance Expense: 2772

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 25, 2011
Sold by
Designer Development Co #2 Llc
Bought by
Kallarackal Benny J and Kallarackal Paul Maris
Current Estimated Value
$383,739

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$179,479
Interest Rate
4.43%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 9, 2009
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Deler Miguel and Deler Carmen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$152,000
Interest Rate
5.39%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 7, 2009
Sold by
Torrence Roy
Bought by
Federal Home Loan Mortgage Corp

Purchase Details

Closed on
Oct 12, 2006
Sold by
Garza Ruben and Garza Esperanza
Bought by
Torrence Roy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$193,600
Interest Rate
6.41%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 13, 2006
Sold by
Esponjas Development Ltd
Bought by
Garza Ruben and Garza Esperanza

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$170,000
Interest Rate
6.24%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Kallarackal Benny J -- Edwards Abstract
Deler Miguel -- Fidelity National Title
Federal Home Loan Mortgage Corp $159,920 None Available
Torrence Roy -- San Jacinto Title Services
Garza Ruben -- Charge Sierra Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Kallarackal Benny J $179,479
Previous Owner Deler Miguel $152,000
Previous Owner Torrence Roy $193,600
Previous Owner Garza Ruben $170,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/12/2024 06/12/24 Sold -- -- --
04/29/2024 04/29/24 Pending -- -- --
04/15/2024 04/15/24 For Sale $379,900 -- $99 / Sq Ft
Source: Greater McAllen Association of REALTORS®

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $9,783 $350,673 $87,419 $263,254
2024 $9,783 $364,766 $87,419 $277,347
2023 $8,502 $317,215 $87,419 $229,796
2022 $7,737 $275,839 $63,318 $212,521
2021 $7,115 $249,073 $63,318 $185,755
2020 $6,835 $236,268 $63,318 $172,950
2019 $6,594 $225,017 $45,752 $179,265
2018 $6,632 $225,017 $45,752 $179,265
2017 $5,541 $186,392 $45,752 $140,640
2016 $5,319 $178,948 $45,752 $133,196
2015 $5,168 $173,379 $45,752 $127,627
Source: Public Records

Agents Affiliated with this Home

  • Oscar Arambula

    Seller's Agent in 2024

    Oscar Arambula

    Top Tier Real Estate Group Llc

    (956) 457-1748

    3 in this area

    53 Total Sales

    Oscar Arambula
    Section Image

  • N

    Buyer's Agent in 2024

    Non-Participating Agent

    Non-Participant

See All Agents

Map

Source: Greater McAllen Association of REALTORS®

MLS Number: 433650

Greater McAllen Association of REALTORS®

APN: S0257-00-000-0012-00

Texas Hidalgo County Pharr 78577

1101 S Palm Dr, Pharr, TX

Not Listed for Sale

MultiFamily

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Greater McAllen Association of REALTORS® The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of Greater McAllen Association of Realtors. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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