NOT LISTED FOR SALE

1702 W Garrison Dr Pharr, TX 78577

Estimated Value: $292,000 - $944,000

Studio
8 Baths
8,912 Sq Ft
$69/Sq Ft Est. Value

Last Sold November 20, 2024

Current estimated payment $4,007/month

129 Days on Market

Highlights

  • Gated Community
  • Double Pane Windows
  • Tile Flooring
  • 0.48 Acre Lot
  • Laundry closet
  • Central Heating and Cooling System

About This Home

As of November 2024

100% Rented. Two 4plexes for sale in the Medical Ridge Subdivision!! Fourplex features 2 units with 2/2 bedrooms and 2 units with 2/3 bedrooms. Very spacious apartments in nice gated community on Jackson Rd. Open layout, modern flooring, quartz Countertops all over, modern lighting fixtures including recessed lighting throughout the unit, modern sleek white cabinetry. Appliances included and carports. Fully leased with professional property management in place as an option.

Last Agent to Sell the Property

Cynthia Landin

Landin Realty Listed on: 07/05/2024

Last Buyer's Agent

Dulce Mascorro

Casablanca Real Estate Of Texas, Llc.

Casablanca Real Estate Of Texas, Llc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $29,160

Year Built

  • Built in 2017

Lot Details

  • 0.48 Acre Lot

HOA Fees

  • $110 Monthly HOA Fees

Home Design

  • Slab Foundation
  • Composition Shingle Roof
  • Stucco

Interior Spaces

  • 8,912 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Double Pane Windows
  • Tile Flooring
  • Electric Range

Laundry

  • Laundry closet
  • Dryer
  • Washer

Parking

  • 16 Carport Spaces
  • No Garage

Schools

  • Aida C. Escobar Elementary School
  • Kennedy Middle School
  • Psja South West High School

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number M324900000001500

Community Details

Overview

  • 4 Buildings
  • 8 Units
  • Medical Ridge HOA
  • Medical Ridge Subdivision
  • Planned Unit Development

Building Details

  • Insurance Expense $3,845
  • Maintenance Expense $1,440
  • Gross Income $64,670

Security

  • Gated Community

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$29,160

Year Built

Built in 2017

Lot Details

0

HOA Fees

$110 per month

Listing Details

  • Directions: From expressway 83 drive south Turn left into Medical Ridge subdivision
  • Year Built: 2017
  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.4808
  • Road Surface Type: Paved
  • Subdivision Name: Medical Ridge
  • Carport Y N: Yes
  • Garage Yn: No
  • Building Stories: 1
  • Non-Allowables: No
  • Repairs YN: No
  • Special Features: None
  • Stories: 1

Interior Features

  • Roof: Composition Shingle
  • Appliances: Electric Water Heater, Dryer, Refrigerator, Stove/Range-Electric Smooth, Washer
  • Flooring: Tile
  • Living Area: 8912
  • Window Features: Energy Features (Double Pane Windows)

Exterior Features

  • Exterior Features: Other
  • Interior Amenities: Ceiling Fan(s)
  • Fencing: Other
  • Home Warranty: No
  • Construction Type: Stucco
  • Foundation Details: Slab
  • Other Structures: Outbuilding (None)
  • Pool YN: No

Garage/Parking

  • Carport Spaces: 16
  • Covered Parking Spaces: 16
  • Parking Features: No Garage

Utilities

  • 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: Gated, Planned Unit Development (PUD)
  • Amenities: Property Owners' Assoc.
  • Association Fee: 1322
  • Association Fee Frequency: Annually
  • Association Name: Medical Ridge HOA
  • Association: Yes

Schools

  • Elementary School: Aida C. Escobar
  • High School: PSJA South West H.S.
  • Junior High Dist: PSJA ISD
  • Middle Or Junior School: Kennedy

Lot Info

  • Lot Size Sq Ft: 20943.648
  • Parcel #: M324900000001500
  • ResoLotSizeUnits: SquareFeet

Building Info

  • Buildings: 4

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 29160

Multi Family

  • Number Of Units In Community: 8
  • Number Of Units Total: 8
  • Annual Gross Income: 64670
  • Insurance Expense: 3845

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 5, 2024
Closed on
Nov 12, 2024
Sold by
Butmankiewicz Robert
Bought by
Salinas Edgardo Melhem
Seller's Agent
Cynthia Landin
Landin Realty
Buyer's Agent
Dulce Mascorro
Casablanca Real Estate Of Texas, Llc.
List Price
$1,070,000
Views
20
Current Estimated Value
$618,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-35.98%
Original Mortgage
$392,250
Outstanding Balance
$387,048
Interest Rate
6.44%
Mortgage Type
New Conventional
Estimated Equity
$230,952

Purchase Details

Listed on
Jul 5, 2024
Closed on
Oct 18, 2024
Sold by
Butmankiewicz Robert
Bought by
Flores Jaime Loo
Seller's Agent
Cynthia Landin
Landin Realty
Buyer's Agent
Dulce Mascorro
Casablanca Real Estate Of Texas, Llc.
List Price
$1,070,000
Views
20

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$392,250
Outstanding Balance
$387,048
Interest Rate
6.44%
Mortgage Type
New Conventional
Estimated Equity
$230,952

Purchase Details

Closed on
May 6, 2022
Sold by
Geno Group Llc
Bought by
Butmankiewicz Robert

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$658,000
Interest Rate
4.52%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 14, 2018
Sold by
Virgil Gerardo Rodolfo Zavala and Zavala Nora Berenice Guzman De
Bought by
Geno Group Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$561,000
Interest Rate
4.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 4, 2017
Sold by
Acero Investments Llc
Bought by
Zavala Vergil Gerardo Rodolfo and Zavala Nora Berenice Guzman De

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$561,000
Interest Rate
4.1%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Salinas Edgardo Melhem -- Edwards Abstract & Title
Salinas Edgardo Melhem -- Edwards Abstract & Title
Flores Jaime Loo -- Edwards Abstract & Title
Butmankiewicz Robert -- San Jacinto Title
Geno Group Llc -- None Available
Zavala Vergil Gerardo Rodolfo -- Valley Land Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Salinas Edgardo Melhem $392,250
Closed Salinas Edgardo Melhem $392,250
Previous Owner Butmankiewicz Robert $658,000
Previous Owner Geno Group Llc $561,000
Previous Owner Zavala Vergil Gerardo Rodolfo $561,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/20/2024 11/20/24 Sold -- -- --
11/11/2024 11/11/24 Pending -- -- --
07/05/2024 07/05/24 For Sale $1,070,000 -- $120 / 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 $29,182 $884,391 $105,302 $779,089
2024 $29,182 $1,088,012 $210,514 $877,498
2023 $29,424 $1,097,824 $210,514 $887,310
2022 $22,592 $805,464 $125,680 $679,784
2021 $19,819 $693,841 $125,680 $568,161
2020 $19,625 $678,448 $125,680 $552,768
2019 $17,533 $598,283 $125,680 $472,603
2018 $17,119 $580,782 $125,680 $455,102
2017 $0 $125,680 $125,680 $0
Source: Public Records

Agents Affiliated with this Home

  • Cynthia Landin

    Seller's Agent in 2024

    Cynthia Landin

    Landin Realty

    (956) 436-5193

    7 in this area

    30 Total Sales

    Cynthia Landin
    Section Image
  • Dulce Mascorro

    Buyer's Agent in 2024

    Dulce Mascorro

    Casablanca Real Estate Of Texas, Llc.

    (956) 624-4646

    15 in this area

    150 Total Sales

    Dulce Mascorro
    Section Image
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Map

Source: Greater McAllen Association of REALTORS®

MLS Number: 443394

Greater McAllen Association of REALTORS®

APN: M3249-00-000-0015-00

Texas Hidalgo County Pharr 78577

1702 W Garrison Dr, Pharr, TX

Not Listed for Sale

MultiFamily

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