NOT LISTED FOR SALE

302 S 48th Ln Unit 64 McAllen, TX 78501

Estimated Value: $474,000 - $710,000

8 Beds
16 Baths
4,760 Sq Ft
$124/Sq Ft Est. Value

Sale Details

Date Sold: February 19, 2013

Current estimated payment $3,937 / mo

185 Days on Market

Highlights

  • Corner Lot
  • No HOA
  • Double Pane Windows
  • Romulo D. Martinez Elementary School Rated A-
  • Balcony
  • Patio

About This Home

As of February 2013

Excellent 4-plex for sale-all fully leased at $750.00 per unit per month,approx 1,190 square feet each unit with 2 bedrooms,2 baths, 2 car covered parking, decorator colors,ceiling fans,granite counters,blinds,stoves,refrigerators, Washer & Dryers plus private covered patios. Great investment potential!

Last Agent to Sell the Property

Hector Guerra

Re/Max Hacienda Listed on: 05/25/2012

Re/Max Hacienda

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,290

Year Built

  • Built in 2007

Lot Details

  • 9,322 Sq Ft Lot
  • Privacy Fence
  • Corner Lot
  • Sprinkler System

Parking

  • 8 Car Garage
  • No Garage
  • Front Facing Garage
  • Side Facing Garage

Home Design

  • Brick Exterior Construction
  • Slab Foundation

Interior Spaces

  • 4,760 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Double Pane Windows
  • Tile Flooring
  • Fire and Smoke Detector

Kitchen

  • Stove
  • Microwave
  • Dishwasher
  • Disposal

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Balcony
  • Patio

Schools

  • Martinez Elementary School
  • B.L. Gray Junior High
  • Sharyland High School

Utilities

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

Listing and Financial Details

  • Assessor Parcel Number S294000000006400

Community Details

Overview

  • No Home Owners Association
  • 5 Units
  • Shary Landing Subdivision

Building Details

  • Insurance Expense $1,680
  • Maintenance Expense $840
  • Gross Income $36,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,290

Year Built

Built in 2007

Lot Details

9,322 Sq Ft Lot

Parking

8

Listing Details

  • Directions: On south side of US Business 83 between Taylor & Bentsen Roads. Southwest corner of Chicago & 48th Lane.
  • Year Built: 2007
  • Property Sub Type: Apartment
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.214
  • Road Surface Type: Paved
  • Subdivision Name: Shary Landing
  • Garage Yn: Yes
  • New Construction: No
  • Building Stories: 2
  • GMAR_GeocodeConfidence: Unknown
  • Non-Allowables: No
  • Repairs YN: No
  • Special Features: None
  • Stories: 2

Interior Features

  • Appliances: Electric Water Heater, Dishwasher, Disposal, Dryer, Microwave, Refrigerator, Stove/Range, Washer
  • Flooring: Tile
  • Living Area: 4760
  • Window Features: Energy Features (Double Pane Windows)

Exterior Features

  • Interior Amenities: Ceiling Fan(s), Other
  • Fencing: Privacy
  • Lot Features: Corner Lot, Sidewalks, Sprinkler System
  • Construction Type: Brick
  • Foundation Details: Slab
  • Other Structures: Outbuilding (None)
  • Patio And Porch Features: Deck/Balcony/Porch, Patio

Garage/Parking

  • Garage Spaces: 8
  • Covered Parking Spaces: 8
  • Parking Features: Garage Faces Front, No Garage, Garage Faces Side

Utilities

  • Utilities: Cable Available
  • Laundry Features: 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: None
  • Association: No

Schools

  • Elementary School: Martinez
  • High School: Sharyland H.S.
  • Junior High Dist: Sharyland ISD
  • Middle Or Junior School: B.L. Gray Junior High

Lot Info

  • Lot Size Sq Ft: 9321.84
  • Parcel #: S294000000006400
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 11
  • Tax Annual Amount: 5290

Multi Family

  • Number Of Units In Community: 5
  • Number Of Units Total: 4
  • Annual Gross Income: 36000
  • Insurance Expense: 1680

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 25, 2012
Closed on
Apr 10, 2013
Sold by
Barnhart Steven K
Bought by
Barnhart Steven Kent and Marcano Yosmar Carola
Seller's Agent
Hector Guerra
Re/Max Hacienda
List Price
$315,000
Current Estimated Value
$592,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.18%
Original Mortgage
$195,000
Outstanding Balance
$136,505
Interest Rate
3.44%
Mortgage Type
Commercial
Estimated Equity
$455,495

Purchase Details

Listed on
May 25, 2012
Closed on
Feb 19, 2013
Sold by
Nelson Morris R
Bought by
Barnhart Steven
Seller's Agent
Hector Guerra
Re/Max Hacienda
List Price
$315,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$195,000
Outstanding Balance
$136,505
Interest Rate
3.44%
Mortgage Type
Commercial
Estimated Equity
$455,495

Purchase Details

Closed on
Mar 27, 2007
Sold by
Keystone Construction
Bought by
Nelson Morris R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$225,250
Interest Rate
6.19%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 1, 2006
Sold by
Meza & Cantu Development Ltd
Bought by
Keystone Construction

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$225,250
Interest Rate
6.41%
Mortgage Type
Commercial
Source: Public Records
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Purchase History

Date Buyer Sale Price Title Company
Barnhart Steven Kent -- None Available
Barnhart Steven -- Charge San Jacinto Title Ser
Nelson Morris R -- None Available
Keystone Construction -- Sierra Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Barnhart Steven $195,000
Previous Owner Nelson Morris R $225,250
Previous Owner Keystone Construction $225,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/19/2013 02/19/13 Sold -- -- --
11/26/2012 11/26/12 Pending -- -- --
05/25/2012 05/25/12 For Sale $315,000 -- $66 / 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 $8,993 $408,917 $91,414 $317,503
2024 $8,993 $390,000 $91,414 $298,586
2023 $8,590 $372,000 $91,414 $280,586
2022 $8,413 $335,600 $91,414 $244,186
2021 $8,237 $319,633 $88,616 $231,017
2020 $8,620 $319,633 $88,616 $231,017
2019 $8,393 $304,412 $88,616 $215,796
2018 $7,987 $289,286 $83,952 $205,334
2017 $8,882 $320,510 $83,952 $236,558
2016 $7,430 $268,133 $83,952 $184,181
2015 $6,272 $228,133 $80,687 $147,446
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Greater McAllen Association of REALTORS®

MLS Number: 156348

Greater McAllen Association of REALTORS®

APN: S2940-00-000-0064-00

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