NOT LISTED FOR SALE

1404 E Iris Ave McAllen, TX 78501

Estimated Value: $500,000 - $609,000

-- Bed
16 Baths
4,400 Sq Ft
$128/Sq Ft Est. Value

Last Sold January 16, 2024

Current estimated payment $4,146/month

Highlights

  • High Ceiling
  • Walk-In Closet
  • Laundry closet
  • Double Pane Windows
  • Slab Porch or Patio
  • Tile Flooring

About This Home

As of January 2024

Investment property located in the new subdivision Park Terrance ! Modern concept 2 units are 3 bedroom 2 bath units and the other two are 2 bedroom 2 bath, huge kitchen island and lots of cabinets, quartz countertops, spacious bedrooms with large closets, 2 carport spaces per unit, fenced backyard. Will include the following appliances: electric stove/range, refrigerator, and washer/dryer.

Last Agent to Sell the Property

Bryanna Hernandez

Imperio Real Estate Llc Listed on: 01/09/2024

Imperio Real Estate Llc

Last Buyer's Agent

Bryanna Hernandez

Imperio Real Estate Llc Listed on: 01/09/2024

Imperio Real Estate Llc

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 2023

Lot Details

  • 10,019 Sq Ft Lot
  • Wood Fence
  • Sprinkler System

HOA Fees

  • $50 Monthly HOA Fees

Home Design

  • Quadruplex
  • Slab Foundation
  • Stucco

Interior Spaces

  • Walk-In Closet
  • 4,400 Sq Ft Home
  • 1-Story Property
  • High Ceiling
  • Ceiling Fan
  • Double Pane Windows
  • Tile Flooring
  • Fire and Smoke Detector

Kitchen

  • Stove
  • Microwave

Laundry

  • Laundry closet
  • Dryer
  • Washer

Parking

  • 8 Carport Spaces
  • No Garage

Outdoor Features

  • Slab Porch or Patio

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 P375800000003700

Community Details

Overview

  • 2 Buildings
  • 2 Units
  • Park Terrace Subdivision

Building Details

  • Insurance Expense $1
  • Maintenance Expense $1
  • Gross Income $1

Property Details

Home Type

Multi-Family

Year Built

Built in 2023

Lot Details

0

HOA Fees

$50 per month

Listing Details

  • Directions: On Nolana and Jackson Rd.
  • Year Built: 2023
  • Property Sub Type: Quadruplex
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.23
  • Road Surface Type: Paved
  • Subdivision Name: Park Terrace
  • Carport Y N: Yes
  • Garage Yn: No
  • Efficiency: Other
  • Building Stories: 1
  • Non-Allowables: No
  • Repairs YN: No
  • Special Features: NewHome
  • Stories: 1

Interior Features

  • Roof: Other
  • Appliances: Electric Water Heater, Dryer, Refrigerator, Stove/Range, Washer
  • Flooring: Tile
  • Living Area: 4400
  • Window Features: Energy Features (Double Pane Windows)

Exterior Features

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

Garage/Parking

  • Carport Spaces: 8
  • Covered Parking Spaces: 8
  • Parking Features: Detached, 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: 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: 10018.8
  • Parcel #: P375800000003700
  • ResoLotSizeUnits: SquareFeet

Building Info

  • Buildings: 2

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 1

Multi Family

  • Number Of Units In Community: 2
  • Number Of Units Total: 4
  • Annual Gross Income: 1
  • Insurance Expense: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 9, 2024
Closed on
Jan 11, 2024
Sold by
Domain Development Corporation
Bought by
Valle Omar and Valle Victor
Seller's Agent
Bryanna Hernandez
Imperio Real Estate Llc
Buyer's Agent
Bryanna Hernandez
Imperio Real Estate Llc
List Price
$555,000
Views
3
Current Estimated Value
$562,667

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.70%
Original Mortgage
$527,250
Outstanding Balance
$518,162
Interest Rate
7.03%
Mortgage Type
New Conventional
Estimated Equity
$44,505
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
Valle Omar -- Landtitle
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Valle Omar $527,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/16/2024 01/16/24 Sold -- -- --
01/09/2024 01/09/24 Pending -- -- --
01/09/2024 01/09/24 For Sale $555,000 -- $126 / 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 $553,881 -- --
2024 $13,889 $587,400 $133,747 $453,653
2023 $3,084 $130,146 $130,146 --
Source: Public Records

Agents Affiliated with this Home

  • Bryanna Hernandez

    Seller's Agent in 2024

    Bryanna Hernandez

    Imperio Real Estate Llc

    (956) 607-8299

    582 Total Sales

    Bryanna Hernandez
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Map

Source: Greater McAllen Association of REALTORS®

MLS Number: 423596

Greater McAllen Association of REALTORS®

APN: P3758-00-000-0037-00

Texas Hidalgo County McAllen 78501

1404 E Iris Ave, McAllen, TX

Not Listed for Sale

MultiFamily

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