NOT LISTED FOR SALE

1200 E Hibiscus Ave McAllen, TX 78501

Estimated Value: $1,053,000 - $1,082,514

-- Bed
8 Baths
7,904 Sq Ft
$135/Sq Ft Est. Value

Last Sold July 18, 2024

Current estimated payment $5,311/month

16 Days on Market

Highlights

  • Gated Community
  • Walk-In Closet
  • Laundry closet
  • High Ceiling
  • Slab Porch or Patio
  • Tile Flooring

About This Home

As of July 2024

LOCATION...MCALLEN! Brand new eight plex in the fabulous subdivision Park Terrace in Mcallen! Next to hospitals, restaurants and schools. Great modern design with open concept featuring 2- 3bedroom/2 bathrooms, 4- 2 bedrooms/2 bathrooms and 2- 1 bedroom/1 bathroom. All units have spacious living/dining area with tile floors, large kitchen with quartz countertops. It features sizable bedrooms and main bathroom with shower and glass door. They will include appliances. Excellent for investment!

Last Agent to Sell the Property

Sabita Mahtani

Key Realty Listed on: 06/24/2024

Key Realty

Last Buyer's Agent

Michael Jinks

Winners Circle

Winners Circle

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,934

Year Built

  • Built in 2024

Lot Details

  • 0.49 Acre Lot
  • Wood Fence

HOA Fees

  • $50 Monthly HOA Fees

Home Design

  • Slab Foundation
  • Shingle Roof
  • Stucco

Interior Spaces

  • Walk-In Closet
  • 7,904 Sq Ft Home
  • 1-Story Property
  • High Ceiling
  • Ceiling Fan
  • Tile Flooring
  • Electric Range

Laundry

  • Laundry closet
  • Dryer
  • Washer

Parking

  • 16 Carport Spaces
  • No Garage

Schools

  • Milam Elementary School
  • Cathey Middle School
  • Memorial High School

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater

Additional Features

  • Energy-Efficient Thermostat
  • Slab Porch or Patio

Listing and Financial Details

  • Assessor Parcel Number P375800000000100

Community Details

Overview

  • 4 Buildings
  • 8 Units
  • Park Terrace Subdivision

Additional Features

  • Gross Income $120,000
  • Gated Community

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,934

Year Built

Built in 2024

Lot Details

0

HOA Fees

$50 per month

Listing Details

  • Directions: Traveling north on Jackson turn left on to Jonquil street. Subdivision will be to the left.
  • Year Built: 2024
  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.4888
  • Road Surface Type: Paved
  • Subdivision Name: Park Terrace
  • Carport Y N: Yes
  • Garage Yn: No
  • Efficiency: Thermostat
  • Building Stories: 1
  • Non-Allowables: No
  • Repairs YN: No
  • Special Features: NewHome
  • Stories: 1

Interior Features

  • Roof: Shingle
  • Appliances: Electric Water Heater, Dryer, Refrigerator, Stove/Range-Electric Smooth, Washer
  • Flooring: Tile
  • Living Area: 7904

Exterior Features

  • Interior Amenities: Ceiling Fan(s), Decorative/High Ceilings, Dryer, Walk-In Closet(s), Washer
  • Fencing: Wood
  • Home Warranty: No
  • Construction Type: Stucco
  • Foundation Details: Slab
  • Other Structures: Outbuilding (None)
  • Patio And Porch Features: Patio Slab
  • Pool YN: No

Garage/Parking

  • Carport Spaces: 16
  • Covered Parking Spaces: 16
  • Parking Features: No Garage

Utilities

  • Laundry Features: Laundry Area
  • 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: Gated, Sidewalks, Street Lights
  • Association Fee: 600
  • Association Fee Frequency: Annually
  • Association Name: TBD
  • Association: Yes

Schools

  • Elementary School: Milam
  • High School: Memorial H.S.
  • Junior High Dist: McAllen ISD
  • Middle Or Junior School: Cathey

Lot Info

  • Lot Size Sq Ft: 21289.95
  • Parcel #: P375800000000100
  • ResoLotSizeUnits: SquareFeet

Building Info

  • Buildings: 4

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 6934

Multi Family

  • Number Of Units In Community: 8
  • Number Of Units Total: 8
  • Annual Gross Income: 120000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 24, 2024
Closed on
Jul 12, 2024
Sold by
Domain Development Corp
Bought by
Oldershaw Margaret M
Seller's Agent
Sabita Mahtani
Key Realty
Buyer's Agent
Michael Jinks
Winners Circle
List Price
$1,100,000
Views
24
Current Estimated Value
$901,165

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-1.34%

Purchase Details

Closed on
Apr 24, 2024
Sold by
Domain Development Corporation
Bought by
Benavides Flaviano and Benavides Delia Gallegos
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Purchase History

Date Buyer Sale Price Title Company
Oldershaw Margaret M -- Corporation Service
Benavides Flaviano -- Landtitle
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/18/2024 07/18/24 Sold -- -- --
07/11/2024 07/11/24 Pending -- -- --
06/24/2024 06/24/24 For Sale $1,100,000 -- $139 / 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 $6,918 $1,035,970 $258,674 $777,296
2024 $6,918 $292,573 $249,093 $43,480
2023 $5,744 $242,387 $242,387 --
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Greater McAllen Association of REALTORS®

MLS Number: 442617

Greater McAllen Association of REALTORS®

APN: P3758-00-000-0001-00