NOT LISTED FOR SALE

1313 E Iris Ave McAllen, TX 78501

McAllen Area

Estimated Value: $564,000 - $596,000

-- Bed
8 Baths
4,198 Sq Ft
$138/Sq Ft Est. Value

Sale Details

Date Sold: December 29, 2023

Current estimated payment $4,292 / mo

Highlights

  • New Construction
  • Laundry closet
  • Central Heating and Cooling System
  • Gated Community
  • Tile Flooring
  • Ceiling Fan

About This Home

As of December 2023

Calling all Dr's, nurses, medical professionals or anyone looking to invest while still living in luxury. Located with close proximity to DHR, the Medical District, restaurants and shopping. Pre-sale has begun for this New Construction investment property located in McAllen’s newest gated community, Park Terrance. Situated in a highly sought-after area on the southwest corner of Jackson Rd & Jonquil Ave. This state-of-the-art builder thought of it all. With its gorgeous mid-century modern design and high-end finishes, it boasts of luxury. From the cabinetry, layout, fixtures, porcelain tile, quartz countertops throughout every unit. This four plex will consist of two buildings. Each building will offer 3 bedrooms, 2 baths and 2 bedrooms, 2 baths. Estimated time of completion is about 6 months. Call me today to schedule your private showing!

Last Agent to Sell the Property

Jaime Lee Gonzalez

Keller Williams Realty RGV Listed on: 12/29/2023

Keller Williams Realty RGV

Last Buyer's Agent

Jaime Lee Gonzalez

Keller Williams Realty RGV Listed on: 12/29/2023

Keller Williams Realty RGV

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,022

Year Built

  • Built in 2023 | New Construction

Lot Details

  • 10,080 Sq Ft Lot
  • Wood Fence

HOA Fees

  • $50 Monthly HOA Fees

Home Design

  • Quadruplex
  • Slab Foundation
  • Shingle Roof
  • Stucco

Interior Spaces

  • 4,198 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Tile Flooring
  • Fire and Smoke Detector

Kitchen

  • Electric Cooktop
  • Microwave

Laundry

  • Laundry closet
  • Washer and Dryer Hookup

Parking

  • 8 Carport Spaces
  • No Garage

Eco-Friendly Details

  • Energy-Efficient Thermostat

Schools

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

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number P375800000005400

Community Details

Overview

  • 2 Buildings
  • 2 Units
  • Park Terrace Subdivision

Security

  • Gated Community

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,022

Year Built

Built in 2023 | New Construction

Lot Details

10,080 Sq Ft Lot

HOA Fees

$50 per month

Listing Details

  • Directions: Southwest corner of Jackson Rd and Jonquil. Turning South on Iris, lot will be located on the left-hand side. Please see the lot plat for exact location.
  • Year Built: 2023
  • Property Sub Type: Quadruplex
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.2314
  • Road Surface Type: Paved
  • Subdivision Name: Park Terrace
  • Carport Y N: Yes
  • Garage Yn: No
  • New Construction: Yes
  • Efficiency: Thermostat
  • Building Stories: 1
  • Non-Allowables: No
  • Repairs YN: No
  • Special Features: NewHome
  • Stories: 1

Interior Features

  • Roof: Shingle
  • Appliances: Electric Water Heater, Smooth Electric Cooktop, Microwave, Refrigerator
  • Flooring: Tile
  • Living Area: 4198

Exterior Features

  • Exterior Features: Other
  • Interior Amenities: Ceiling Fan(s)
  • Fencing: Wood
  • Home Warranty: No
  • Construction Type: Stucco
  • Foundation Details: Slab
  • Other Structures: Outbuilding (None)
  • Property Condition: New Construction
  • Pool YN: No

Garage/Parking

  • Carport Spaces: 8
  • Covered Parking Spaces: 8
  • Parking Features: No Garage

Utilities

  • Laundry Features: Laundry Area, Washer/Dryer Connection
  • 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: 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: 10079.784
  • Parcel #: P375800000005400
  • ResoLotSizeUnits: SquareFeet

Building Info

  • Buildings: 2

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 3022

Multi Family

  • Number Of Units In Community: 2
  • Number Of Units Total: 4

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 29, 2023
Closed on
Dec 29, 2023
Sold by
Bought by
Seller's Agent
Jaime Lee Gonzalez
Keller Williams Realty RGV
Buyer's Agent
Jaime Lee Gonzalez
Keller Williams Realty RGV
Views
4
Current Estimated Value
$580,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.17%
Original Mortgage
$411,000
Outstanding Balance
$400,430
Interest Rate
7.22%
Mortgage Type
New Conventional
Estimated Equity
$179,570
Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- Corporation Service
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $411,000
Previous Owner $364,413
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
12/29/2023 12/29/23 Sold -- -- --
Source: Greater McAllen Association of REALTORS®

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $12,652 $621,816 $136,080 $485,736
2024 $12,652 $535,094 $131,040 $404,054
2023 $3,022 $127,512 $127,512
Source: Public Records

Agents Affiliated with this Home

  • Jaime Lee Gonzalez Real Estate Agent - Keller Williams Realty RGV

    Seller's Agent in 2023

    Jaime Lee Gonzalez

    Keller Williams Realty RGV

    (956) 515-8400

    811 Total Sales

    Jaime Lee Gonzalez
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Map

Source: Greater McAllen Association of REALTORS®

MLS Number: 422996

Greater McAllen Association of REALTORS®

APN: P3758-00-000-0054-00

Texas Hidalgo County McAllen 78501

1313 E Iris Ave, McAllen, TX

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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.

Information deemed reliable but not guaranteed.

Copyright 2026 Greater McAllen Association of Realtors. All rights reserved.

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