NOT LISTED FOR SALE

302 S 48th Ln Unit 64 McAllen, TX 78501

Estimated Value: $390,000 - $712,000

8 Beds
16 Baths
4,760 Sq Ft
$109/Sq Ft Est. Value

Last Sold February 19, 2013

Current estimated payment $3,480/month

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

0

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
  • GMAR_Escrow: 2500
  • 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
  • Total Parking Spaces: 8

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
$516,667

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.25%
Original Mortgage
$195,000
Outstanding Balance
$136,505
Interest Rate
3.44%
Mortgage Type
Commercial
Estimated Equity
$380,162

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
$380,162

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

Range of Values:

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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
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 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 $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

  • Hector Guerra

    Seller's Agent in 2013

    Hector Guerra

    RE/MAX

    (956) 605-6200

    155 Total Sales

    Hector Guerra
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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

Texas Hidalgo County McAllen 78501

302 S 48th Ln Unit 64, McAllen, TX

This home is located at 302 S 48th Ln Unit 64, McAllen, TX 78501 since 25 May 2012 and is currently estimated at $516,667, approximately $108 per square foot. This property was built in 2007. 302 S 48th Ln Unit 64 is a home located in Hidalgo County with nearby schools including Romulo D. Martinez Elementary School, B.L. Gray Junior High School, and Sharyland High School.

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.

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