NOT LISTED FOR SALE

1417 E Iris Ave McAllen, TX 78501

Estimated Value: $556,000 - $606,000

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

Last Sold February 21, 2024

Current estimated payment $4,116/month

178 Days on Market

Highlights

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

About This Home

As of February 2024

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. One building will consist of two units which are 3 bedrooms, 2 baths and 1 bedroom, 1 bath. The other building will consist of two units which are both 2 beds, 2 baths. Estimated time of completion is about 3 months . Call me today to schedule your private showing!

Last Agent to Sell the Property

Jaime Lee Gonzalez

Keller Williams Realty RGV Listed on: 08/04/2023

Keller Williams Realty RGV

Last Buyer's Agent

Jaime Lee Gonzalez

Keller Williams Realty RGV Listed on: 08/04/2023

Keller Williams Realty RGV

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,230

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
  • 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 P375800000004700

Community Details

Overview

  • 2 Buildings
  • 4 Units
  • Park Terrace Subdivision

Security

  • Gated Community

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,230

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: 0.2283
  • 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: Yes
  • 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), 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: 9946.0548
  • Parcel #: P375800000004700
  • ResoLotSizeUnits: SquareFeet

Building Info

  • Buildings: 2

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 3230

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
Aug 4, 2023
Closed on
Feb 21, 2024
Sold by
Domain Development Corporation
Bought by
Lara Bianca Yessenia Mac
Seller's Agent
Jaime Lee Gonzalez
Keller Williams Realty RGV
Buyer's Agent
Jaime Lee Gonzalez
Keller Williams Realty RGV
List Price
$550,000
Views
13
Current Estimated Value
$573,199

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.77%
Original Mortgage
$527,250
Outstanding Balance
$518,019
Interest Rate
6.66%
Mortgage Type
New Conventional
Estimated Equity
$55,180
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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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Lara Bianca Yessenia Mac -- Corporation Service
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lara Bianca Yessenia Mac $527,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/21/2024 02/21/24 Sold -- -- --
01/30/2024 01/30/24 Pending -- -- --
01/18/2024 01/18/24 For Sale $550,000 0.0% $140 / Sq Ft
11/02/2023 11/02/23 Pending -- -- --
08/04/2023 08/04/23 For Sale $550,000 -- $140 / 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 $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

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Map

Source: Greater McAllen Association of REALTORS®

MLS Number: 411089

Greater McAllen Association of REALTORS®

APN: P3758-00-000-0047-00