NOT LISTED FOR SALE

1425 E Iris Ave McAllen, TX 78501

Estimated Value: $531,001 - $582,000

-- Bed
8 Baths
3,638 Sq Ft
$153/Sq Ft Est. Value

Last Sold April 04, 2024

Current estimated payment $3,856/month

45 Days on Market

Highlights

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

About This Home

As of April 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. Gorgeous mid-century modern design and high-end finishes, it boasts of luxury. This four plex will consist of two buildings. Each building will consist of two units. One unit will be 2 bed/2 bath and the other unit will be 1 bed/1 bath. Schedule your private showing!

Last Agent to Sell the Property

Jaime Lee Gonzalez

Keller Williams Realty RGV Listed on: 02/09/2024

Keller Williams Realty RGV

Last Buyer's Agent

Jaime Lee Gonzalez

Keller Williams Realty RGV Listed on: 02/09/2024

Keller Williams Realty RGV

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,726

Year Built

  • Built in 2024 | New Construction

Lot Details

  • 9,092 Sq Ft Lot
  • Wood Fence
  • Irregular Lot

HOA Fees

  • $50 Monthly HOA Fees

Home Design

  • Quadruplex
  • Slab Foundation
  • Shingle Roof
  • Stucco

Interior Spaces

  • Walk-In Closet
  • 3,638 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

  • Gonzalez Elementary School
  • Cathey Middle School
  • Memorial High School

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number P375800000004500

Community Details

Overview

  • 2 Buildings
  • 4 Units
  • Park Terrace HOA
  • Park Terrace Subdivision

Security

  • Gated Community

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,726

Year Built

Built in 2024 | New Construction

Lot Details

0

HOA Fees

$50 per month

Listing Details

  • Directions: From 495/W Ferguson Ave head north on Jackson Rd, turn left on Jonquil Ave. Park Terrace subdivision will be on the left hand side.
  • Year Built: 2024
  • Property Sub Type: Quadruplex
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.2087
  • Road Surface Type: Paved
  • Subdivision Name: Park Terrace
  • Carport Y N: Yes
  • Garage Yn: No
  • New Construction: Yes
  • Efficiency: Thermostat
  • Building Stories: 1
  • Non-Allowables: No
  • Repairs YN: No
  • Special Features: NewHome
  • Stories: 1

Interior Features

  • Roof: Shingle
  • Appliances: Electric Water Heater, Other
  • Flooring: Tile
  • Living Area: 3638

Exterior Features

  • Exterior Features: None
  • Interior Amenities: Ceiling Fan(s), Walk-In Closet(s)
  • Fencing: Wood
  • Lot Features: Irregular Lot
  • 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

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: Park Terrace HOA
  • Association: Yes

Schools

  • Elementary School: Gonzalez
  • High School: Memorial H.S.
  • Junior High Dist: McAllen ISD
  • Middle Or Junior School: Cathey

Lot Info

  • Lot Size Sq Ft: 9091.8432
  • Parcel #: P375800000004500
  • ResoLotSizeUnits: SquareFeet

Building Info

  • Buildings: 2

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 2726

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 9, 2024
Closed on
Mar 4, 2024
Sold by
Rocass Llc
Bought by
Sordo Eblin I
Seller's Agent
Jaime Lee Gonzalez
Keller Williams Realty RGV
Buyer's Agent
Jaime Lee Gonzalez
Keller Williams Realty RGV
List Price
$535,000
Views
25
Current Estimated Value
$556,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.22%
Original Mortgage
$354,000
Outstanding Balance
$348,079
Interest Rate
6.6%
Mortgage Type
New Conventional
Estimated Equity
$207,921
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

Date Buyer Sale Price Title Company
Sordo Eblin I -- Valley Land Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sordo Eblin I $354,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/04/2024 04/04/24 Sold -- -- --
03/26/2024 03/26/24 Pending -- -- --
02/09/2024 02/09/24 For Sale $535,000 -- $147 / 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 $10,812 $641,016 $122,750 $518,266
2024 $10,812 $457,259 $118,203 $339,056
2023 $2,726 $115,021 $115,021 --
Source: Public Records

Agents Affiliated with this Home

  • Jaime Lee Gonzalez

    Seller's Agent in 2024

    Jaime Lee Gonzalez

    Keller Williams Realty RGV

    (956) 515-8400

    730 Total Sales

    Jaime Lee Gonzalez
    Section Image
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Map

Source: Greater McAllen Association of REALTORS®

MLS Number: 427081

Greater McAllen Association of REALTORS®

APN: P3758-00-000-0045-00

Texas Hidalgo County McAllen 78501

1425 E Iris Ave, McAllen, TX

Not Listed for Sale

MultiFamily

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