NOT LISTED FOR SALE

1422 S Iris St Pharr, TX 78577

Estimated Value: $527,000 - $568,000

Studio
8 Baths
4,388 Sq Ft
$126/Sq Ft Est. Value

Sale Details

Date Sold: September 1, 2022

Current estimated payment $4,284 / mo

63 Days on Market

Highlights

  • Gated Community
  • Double Pane Windows
  • Patio
  • High Ceiling
  • Built-In Features
  • Laundry closet

About This Home

As of September 2022

Great investment opportunity available in Pharr, TX. 4 plex is FULLY OCCUPIED and features two 2 bedroom/2 bath units and two 3 bedroom/2 bath unit with 2 covered carports each. Minutes away from restaurants, hospitals, schools and shopping centers. Call us today for more information and to schedule your showing.

Last Agent to Sell the Property

Jorge Zambrano

Big Realty Listed on: 06/28/2022

Last Buyer's Agent

Orlando Pena

Monarca Real Estate Group Llc

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,933

Year Built

  • Built in 2019

Lot Details

  • 10,677 Sq Ft Lot
  • Wood Fence

HOA Fees

  • $54 Monthly HOA Fees

Home Design

  • Quadruplex
  • Slab Foundation
  • Shingle Roof
  • Stucco

Interior Spaces

  • 4,388 Sq Ft Home
  • 1-Story Property
  • Built-In Features
  • High Ceiling
  • Ceiling Fan
  • Double Pane Windows
  • Tile Flooring
  • Laundry closet

Parking

  • Garage
  • 2 Carport Spaces
  • No Garage
  • Front Facing Garage

Outdoor Features

  • Patio

Schools

  • Kelly-Pharr Elementary School
  • Liberty Middle School
  • Psja North High School

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number C180400000003300

Community Details

Overview

  • 2 Buildings
  • 4 Units
  • Magnolia Property Association
  • Carmel Estates Subdivision

Building Details

  • Insurance Expense $2,002
  • Maintenance Expense $900
  • Gross Income $52,800

Security

  • Gated Community

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,933

Year Built

Built in 2019

Lot Details

10,677 Sq Ft Lot

HOA Fees

$54 per month

Listing Details

  • Directions: South on Cage Blvd turn West on Ridge Road and turn left on Hibiscus St. and enter Carmel Estates.
  • Year Built: 2019
  • Property Sub Type: Quadruplex
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.2451
  • Road Surface Type: Paved
  • Subdivision Name: Carmel Estates
  • Carport Y N: Yes
  • Garage Yn: No
  • Building Stories: 1
  • Non-Allowables: No
  • Repairs YN: No
  • Special Features: None
  • Stories: 1

Interior Features

  • Roof: Shingle
  • Appliances: Electric Water Heater, No Conveying Appliances
  • Flooring: Tile
  • Living Area: 4388
  • Window Features: Energy Features (Double Pane Windows)

Exterior Features

  • Interior Amenities: Built-in Features, Ceiling Fan(s), Decorative/High Ceilings
  • Fencing: Wood
  • Lot Features: Curb & Gutters, Sidewalks
  • Home Warranty: No
  • Construction Type: Stucco
  • Foundation Details: Slab
  • Other Structures: Outbuilding (None)
  • Patio And Porch Features: Patio
  • Pool YN: No

Garage/Parking

  • Carport Spaces: 2
  • Covered Parking Spaces: 2
  • Parking Features: Garage Faces Front, No Garage

Utilities

  • Laundry Features: Laundry Closet
  • 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: Curbs, Gated, Sidewalks, Street Lights
  • Association Fee: 650
  • Association Fee Frequency: Annually
  • Association Name: Magnolia Property
  • Association: Yes

Schools

  • Elementary School: Kelly-Pharr
  • High School: PSJA North H.S.
  • Junior High Dist: PSJA ISD
  • Middle Or Junior School: Liberty

Lot Info

  • Lot Size Sq Ft: 10676.9916
  • Parcel #: C180400000003300
  • ResoLotSizeUnits: SquareFeet

Building Info

  • Buildings: 2

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 9933

Multi Family

  • Number Of Units In Community: 4
  • Number Of Units Total: 4
  • Annual Gross Income: 52800
  • Insurance Expense: 2002

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 28, 2022
Closed on
Sep 1, 2022
Sold by
Bought by
Seller's Agent
Jorge Zambrano
Big Realty
Buyer's Agent
Orlando Pena
Monarca Real Estate Group Llc
List Price
$565,000
Views
2
Current Estimated Value
$553,333

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.16%

Purchase Details

Closed on
Mar 31, 2020
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$361,334
Interest Rate
3.4%
Mortgage Type
FHA
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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Average Value
Not Available
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- None Listed On Document
-- Edwards Abstract
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $361,334
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
09/01/2022 09/01/22 Sold -- -- --
08/31/2022 08/31/22 Pending -- -- --
06/28/2022 06/28/22 For Sale $565,000 -- $129 / Sq Ft
Source: Greater McAllen Association of REALTORS®

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $14,742 $560,624 $138,801 $421,823
2024 $14,742 $549,631 $138,801 $410,830
2023 $13,852 $516,825 $101,432 $415,393
2022 $9,754 $347,750 $99,296 $248,454
2021 $10,352 $362,428 $99,296 $263,132
2020 $8,008 $276,833 $99,296 $177,537
Source: Public Records

Agents Affiliated with this Home

  • Jorge Zambrano

    Seller's Agent in 2022

    Jorge Zambrano

    Big Realty

    (956) 800-3623

    19 in this area

    174 Total Sales

    Jorge Zambrano
    Section Image

  • O

    Buyer's Agent in 2022

    Orlando Pena

    Monarca Real Estate Group Llc

    (956) 352-0851

    2 in this area

    12 Total Sales

    Orlando Pena
    Section Image
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Map

Source: Greater McAllen Association of REALTORS®

MLS Number: 384861

Greater McAllen Association of REALTORS®

APN: C1804-00-000-0033-00

Texas Hidalgo County Pharr 78577

1422 S Iris St, Pharr, TX

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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.

Information deemed reliable but not guaranteed.

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