NOT LISTED FOR SALE

1409 E Iris Ave McAllen, TX 78501

Estimated Value: $561,000 - $588,000

-- Bed
8 Baths
3,933 Sq Ft
$146/Sq Ft Est. Value

Sale Details

Date Sold: February 26, 2024

Current estimated payment $4,179 / mo

Highlights

  • Gated Community
  • Walk-In Closet
  • Tile Flooring
  • Milam Elementary School Rated A
  • Laundry closet
  • Central Heating and Cooling System

About This Home

As of February 2024

Brand new fourplex in the fabulous subdivision Park Terrace in Mcallen! Next to hospitals, restaurants and schools. Great modern design with open concept featuring 1-3bedroom, 2-2 bedrooms and 1 bedroom. All units have spacious living and dining area with large bedrooms. They will include appliances. Excellent for investment!

Last Agent to Sell the Property

Sabita Mahtani

Key Realty Listed on: 02/06/2024

Key Realty

Last Buyer's Agent

Sabita Mahtani

Key Realty Listed on: 02/06/2024

Key Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,982

Year Built

  • Built in 2023

Lot Details

  • 9,946 Sq Ft Lot
  • Wood Fence

HOA Fees

  • $50 Monthly HOA Fees

Home Design

  • Quadruplex
  • Slab Foundation
  • Shingle Roof
  • Stucco

Interior Spaces

  • Walk-In Closet
  • 3,933 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Tile Flooring
  • Microwave

Laundry

  • Laundry closet
  • Dryer
  • Washer

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
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number P375800000004900

Community Details

Overview

  • 2 Buildings
  • 4 Units
  • Park Terrace Subdivision

Security

  • Gated Community

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,982

Year Built

Built in 2023

Lot Details

9,946 Sq Ft Lot

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: 2023
  • Property Sub Type: Quadruplex
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.2283
  • 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: 3933

Exterior Features

  • Exterior Features: Other
  • Interior Amenities: Ceiling Fan(s), Dryer, Microwave, Walk-In Closet(s), Washer
  • 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

  • Utilities: Cable Available
  • 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: 9946.0548
  • Parcel #: P375800000004900
  • ResoLotSizeUnits: SquareFeet

Building Info

  • Buildings: 2

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 2982

Multi Family

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 6, 2024
Closed on
Jan 16, 2024
Sold by
Domain Development Corporation
Bought by
Rpfc Llc
Seller's Agent
Sabita Mahtani
Key Realty
Buyer's Agent
Sabita Mahtani
Key Realty
List Price
$550,000
Views
7
Current Estimated Value
$574,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.08%
Original Mortgage
$410,250
Outstanding Balance
$403,179
Interest Rate
7.03%
Mortgage Type
New Conventional
Estimated Equity
$171,321
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
Rpfc Llc -- Corporation Service
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rpfc Llc $410,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/26/2024 02/26/24 Sold -- -- --
02/06/2024 02/06/24 Pending -- -- --
02/06/2024 02/06/24 For Sale $550,000 -- $140 / 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 $12,739 $626,517 $134,277 $492,240
2024 $12,739 $538,748 $129,304 $409,444
2023 $2,982 $125,822 $125,822 --
Source: Public Records

Agents Affiliated with this Home

  • Sabita Mahtani

    Seller's Agent in 2024

    Sabita Mahtani

    Key Realty

    (956) 371-3393

    83 Total Sales

    Sabita Mahtani
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Map

Source: Greater McAllen Association of REALTORS®

MLS Number: 426826

Greater McAllen Association of REALTORS®

APN: P3758-00-000-0049-00

Texas Hidalgo County McAllen 78501

1409 E Iris Ave, McAllen, TX

Not Listed for Sale

MultiFamily

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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.

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