NOT LISTED FOR SALE

1602 Playa Dr Progreso Lakes, TX 78596

Estimated Value: $497,000 - $579,000

-- Bed
4 Baths
4,200 Sq Ft
$127/Sq Ft Est. Value

Last Sold March 06, 2023

Current estimated payment $3,707/month

52 Days on Market

Highlights

  • Balcony
  • Tile Flooring
  • Ceiling Fan
  • Laundry closet
  • Central Heating and Cooling System
  • Wood Fence

About This Home

As of March 2023

Beautiful, luxurious, modern design, fourplex property. Conveniently located on 1015 just south of expressway 83 in Weslaco , TX. Unit mix: 2 Two bedroom two baths and 2 Three bedroom two baths
All units individually metered for water and electricity. Interiors feature tile flooring and quartz countertops.

Last Agent to Sell the Property

Dean Chan

Global Realty Listed on: 12/01/2022

Last Buyer's Agent

Dean Chan

Global Realty Listed on: 12/01/2022

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,700

Year Built

  • Built in 2022

Lot Details

  • 10,150 Sq Ft Lot
  • Wood Fence

HOA Fees

  • $33 Monthly HOA Fees

Home Design

  • Quadruplex
  • Brick Exterior Construction
  • Slab Foundation
  • Composition Shingle Roof
  • Siding

Interior Spaces

  • 4,200 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Tile Flooring

Kitchen

  • Electric Range
  • Microwave

Laundry

  • Laundry closet
  • Dryer
  • Washer

Parking

  • 8 Carport Spaces
  • No Garage

Outdoor Features

  • Balcony

Schools

  • Margo Elementary School
  • Cuellar Middle School
  • Weslaco East High School

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number T165000000001200

Community Details

Overview

  • 2 Buildings
  • 2 Units
  • Streamline Management Association
  • Ten Fifteen Subdivision

Building Details

  • Insurance Expense $2,300
  • Maintenance Expense $300

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,700

Year Built

Built in 2022

Lot Details

0

HOA Fees

$33 per month

Listing Details

  • Directions: From expressway 83 drive south on 1015. Property will be on left side just past Mira Vista subdivision.
  • Year Built: 2022
  • Property Sub Type: Quadruplex
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.233
  • Road Surface Type: Paved
  • Subdivision Name: Ten Fifteen
  • 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: Composition Shingle
  • Appliances: Electric Water Heater, Dryer, Microwave, Refrigerator, Stove/Range-Electric Smooth, Washer
  • Flooring: Tile
  • Living Area: 4200

Exterior Features

  • Interior Amenities: Ceiling Fan(s)
  • Fencing: Wood
  • Home Warranty: No
  • Construction Type: Brick, Siding
  • Foundation Details: Slab
  • Other Structures: Outbuilding (None)
  • Patio And Porch Features: Deck/Balcony/Porch
  • Pool YN: No

Garage/Parking

  • Carport Spaces: 8
  • Covered Parking Spaces: 8
  • Parking Features: No Garage

Utilities

  • Utilities: Cable Available
  • Laundry Features: Laundry Closet
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Sewer: City Sewer

Condo/Co-op/Association

  • Community Features: Other
  • Association Fee: 400
  • Association Fee Frequency: Annually
  • Association Name: Streamline Management
  • Association: Yes

Schools

  • Elementary School: Margo
  • High School: Weslaco East H.S.
  • Junior High Dist: Weslaco ISD
  • Middle Or Junior School: Cuellar

Lot Info

  • Lot Size Sq Ft: 10149.9156
  • Parcel #: T165000000001200
  • ResoLotSizeUnits: SquareFeet

Building Info

  • Buildings: 2

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 2700

Multi Family

  • Number Of Units In Community: 2
  • Number Of Units Total: 4
  • Insurance Expense: 2300

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 1, 2022
Closed on
Mar 6, 2023
Sold by
Tuscany Custom Homes Llc
Bought by
Hsu Dronchee
Seller's Agent
Dean Chan
Global Realty
Buyer's Agent
Dean Chan
Global Realty
List Price
$500,000
Current Estimated Value
$535,333

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.47%
Original Mortgage
$375,000
Outstanding Balance
$362,803
Interest Rate
6.13%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$172,530
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
Hsu Dronchee -- San Jacinto Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hsu Dronchee $375,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/06/2023 03/06/23 Sold -- -- --
01/23/2023 01/23/23 Pending -- -- --
12/01/2022 12/01/22 For Sale $500,000 -- $119 / 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 $10,327 $428,785 $99,470 $329,315
2024 $10,327 $407,650 $99,470 $308,180
2023 $10,303 $407,650 $88,305 $319,345
Source: Public Records

Agents Affiliated with this Home

  • Dean Chan

    Seller's Agent in 2023

    Dean Chan

    Global Realty

    (956) 827-1415

    2 in this area

    12 Total Sales

    Dean Chan
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Map

Source: Greater McAllen Association of REALTORS®

MLS Number: 394490

Greater McAllen Association of REALTORS®

APN: T1650-00-000-0012-00

Texas Hidalgo County Progreso Lakes 78596

1602 Playa Dr, Progreso Lakes, TX

Not Listed for Sale

MultiFamily

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