NOT LISTED FOR SALE

302 S 48th Ln Unit 64 McAllen, TX 78501

McAllen Area

Estimated Value: $479,000 - $714,000

8 Beds
16 Baths
4,760 Sq Ft
$133/Sq Ft Est. Value

Sale Details

Date Sold: February 19, 2013

Current estimated payment $3,916 / 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

Hacienda Properties Rgv Llc. Listed on: 05/25/2012

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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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
Seller's Agent
Hector Guerra
Hacienda Properties Rgv Llc.
List Price
$315,000
Current Estimated Value
$631,667

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.53%
Original Mortgage
$195,000
Outstanding Balance
$132,155
Interest Rate
3.44%
Mortgage Type
Commercial
Estimated Equity
$499,512

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
Hacienda Properties Rgv Llc.
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
$132,155
Interest Rate
3.44%
Mortgage Type
Commercial
Estimated Equity
$499,512

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

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $195,000
Previous Owner Nelson Morris R $268,936
Previous Owner Nelson Morris R $225,250
Previous Owner Keystone Construction $225,250
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $5,379 $412,455 $30,609 $381,846
2025 $5,182 $404,368 $30,009 $374,359
2023 $5,182 $388,668 $28,845 $359,823
2022 $4,932 $381,048 $28,280 $352,768
2021 $4,759 $373,577 $27,726 $345,851
2020 $4,756 $369,747 $27,442 $342,305
2019 $4,796 $362,498 $26,904 $335,594
2018 $4,364 $355,391 $26,377 $329,014
2017 $4,281 $348,423 $25,860 $322,563
2016 $4,231 $341,592 $25,353 $316,239
2015 $4,148 $336,462 $24,973 $311,489
2014 $4,031 $329,872 $24,484 $305,388
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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