NOT LISTED FOR SALE

1400 E Iris Ave McAllen, TX 78501

Estimated Value: $500,000 - $583,000

-- Bed
8 Baths
4,416 Sq Ft
$124/Sq Ft Est. Value

Last Sold November 27, 2023

Current estimated payment $4,075/month

Highlights

  • Gated Community
  • Laundry closet
  • Central Heating and Cooling System
  • Walk-In Closet
  • Tile Flooring
  • Ceiling Fan

About This Home

As of November 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. 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. Call me today to schedule your private showing!

Last Agent to Sell the Property

Jaime Lee Gonzalez

Keller Williams Realty RGV Listed on: 11/27/2023

Keller Williams Realty RGV

Last Buyer's Agent

Jaime Lee Gonzalez

Keller Williams Realty RGV Listed on: 11/27/2023

Keller Williams Realty RGV

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,300

Year Built

  • Built in 2023

Lot Details

  • 10,288 Sq Ft Lot
  • Wood Fence

HOA Fees

  • $50 Monthly HOA Fees

Home Design

  • Quadruplex
  • Slab Foundation
  • Shingle Roof
  • Stucco

Interior Spaces

  • Walk-In Closet
  • 4,416 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Tile Flooring
  • Fire and Smoke Detector

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 P375800000003600

Community Details

Overview

  • 2 Buildings
  • 4 Units
  • Park Terrace Subdivision

Security

  • Gated Community

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,300

Year Built

Built in 2023

Lot Details

0

HOA Fees

$50 per month

Listing Details

  • Directions: Southwest corner of Jackson Rd and Jonquil. Turning South on Iris Ave, 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: 0.2362
  • 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, No Conveying Appliances
  • Flooring: Tile
  • Living Area: 4416

Exterior Features

  • Exterior Features: Other
  • Interior Amenities: Ceiling Fan(s), Walk-In Closet(s)
  • Fencing: Wood
  • Home Warranty: No
  • Construction Type: Stucco
  • Foundation Details: Slab
  • Other Structures: Outbuilding (None)
  • 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: 10288.0008
  • Parcel #: P375800000003600
  • ResoLotSizeUnits: SquareFeet

Building Info

  • Buildings: 2

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 3300

Multi Family

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

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/27/2023 11/27/23 Sold -- -- --
11/27/2023 11/27/23 Pending -- -- --
11/27/2023 11/27/23 For Sale $560,000 -- $127 / Sq Ft
Source: Greater McAllen Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

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 $13,889 $676,116 $138,891 $537,225
2024 $13,889 $587,400 $133,747 $453,653
2023 $3,084 $130,146 $130,146 --
Source: Public Records

Agents Affiliated with this Home

  • Jaime Lee Gonzalez

    Seller's Agent in 2023

    Jaime Lee Gonzalez

    Keller Williams Realty RGV

    (956) 515-8400

    721 Total Sales

    Jaime Lee Gonzalez
    Section Image
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Map

Source: Greater McAllen Association of REALTORS®

MLS Number: 419285

Greater McAllen Association of REALTORS®

APN: P3758-00-000-0036-00

Texas Hidalgo County McAllen 78501

1400 E Iris Ave, McAllen, TX

Not Listed for Sale

MultiFamily

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