NOT LISTED FOR SALE

1401 Hibiscus Ave McAllen, TX 78501

Estimated Value: $132,000 - $298,000

3 Beds
2 Baths
4,198 Sq Ft
$53/Sq Ft Est. Value

Last Sold November 01, 2023

Current estimated payment $1,319/month

227 Days on Market

Highlights

  • New Construction
  • Gated Community
  • Tile Flooring
  • Milam Elementary School Rated A
  • Laundry closet
  • Central Heating and Cooling System

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. 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: 12/07/2022

Keller Williams Realty RGV

Last Buyer's Agent

Carina Veale

Veale Properties

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $100

Year Built

  • Built in 2023 | New Construction

Lot Details

  • 10,289 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 M265000004000400

Community Details

Overview

  • 2 Buildings
  • 2 Units
  • Park Terrace Subdivision

Security

  • Gated Community

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$100

Year Built

Built in 2023 | New Construction

Lot Details

0

HOA Fees

$50 per month

Listing Details

  • Directions: Southwest corner of Jackson Rd and Jonquil. Turning South on Hibiscus, lot will be located on the right-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
  • New Construction: Yes
  • Efficiency: Thermostat
  • Building Stories: 1
  • GMAR_Escrow: 5000
  • 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
  • Total Parking Spaces: 8

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: 10288.872
  • Parcel #: M265000004000400
  • ResoLotSizeUnits: SquareFeet

Building Info

  • Buildings: 2

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 100

Multi Family

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

Range of Values:

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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 Change Sq Ft Price
11/01/2023 11/01/23 Sold -- -- --
07/23/2023 07/23/23 Pending -- -- --
05/10/2023 05/10/23 For Sale $545,000 0.0% $130 / Sq Ft
03/06/2023 03/06/23 Pending -- -- --
12/07/2022 12/07/22 For Sale $545,000 -- $130 / 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
2024 $815 $187,518 $79,050 $108,468
2023 $4,202 $178,598 $0 $0
2022 $4,026 $162,362 $0 $0
2021 $3,771 $147,602 $52,530 $95,424
2020 $3,423 $134,184 $48,960 $85,224
2019 $3,205 $126,334 $48,960 $77,374
2018 $2,949 $116,067 $51,000 $65,096
2017 $2,691 $105,515 $38,250 $67,265
2016 $2,747 $107,686 $38,250 $69,436
2015 $985 $101,301 $32,130 $71,805
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Greater McAllen Association of REALTORS®

MLS Number: 394827

Greater McAllen Association of REALTORS®

APN: N4000-00-001-0009-00