NOT LISTED FOR SALE

407 S 48th Ln McAllen, TX 78501

Estimated Value: $488,000 - $533,000

8 Beds
16 Baths
4,498 Sq Ft
$113/Sq Ft Est. Value

Sale Details

Date Sold: October 7, 2021

Current estimated payment $3,809 / mo

9 Days on Market

Highlights

  • Mature Trees
  • 1 Car Attached Garage
  • Home Security System
  • Romulo D. Martinez Elementary School Rated A-
  • Slab Porch or Patio
  • Laundry closet

About This Home

As of October 2021

4 PLEX conveniently located in Sharyland school district. Each Unit has a single car garage. Each unit comes with stove refrigerator washer and dryer. Due for a price increase in rent. good rentals history.

Last Agent to Sell the Property

Crystal Rose

Texas Valley Real Estate Listed on: 07/15/2021

Last Buyer's Agent

Juan De La Garza

De La Garza Realty Group, Llc

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,348

Year Built

  • Built in 2007

Lot Details

  • 8,765 Sq Ft Lot
  • Wood Fence
  • Sprinkler System
  • Mature Trees

HOA Fees

  • $50 Monthly HOA Fees

Parking

  • 1 Car Attached Garage
  • 1 Carport Space
  • Front Facing Garage

Home Design

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

Interior Spaces

  • 4,498 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Home Security System
  • Electric Cooktop

Flooring

  • Tile
  • Vinyl

Laundry

  • Laundry closet
  • Dryer
  • Washer

Outdoor Features

  • Slab Porch or Patio

Schools

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

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number S294000000003700

Community Details

Overview

  • 4 Units
  • Magnolia Association
  • Shary Landing Subdivision

Building Details

  • Insurance Expense $4,198
  • Maintenance Expense $1,442
  • Gross Income $46,898

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,348

Year Built

Built in 2007

Lot Details

8,765 Sq Ft Lot

HOA Fees

$50 per month

Parking

1

Listing Details

  • Directions: From Ware Rd. west on Business 83 to shary landing entrance. Left into entrance straight to end of street turn left then left again on 48th lane. located on right side of street
  • Year Built: 2007
  • Property Sub Type: Quadruplex
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.2012
  • Road Surface Type: Paved
  • Subdivision Name: Shary Landing
  • Carport Y N: Yes
  • Garage Yn: Yes
  • New Construction: No
  • Efficiency: None
  • Building Stories: 2
  • Non-Allowables: No
  • Repairs YN: Yes
  • Special Features: None
  • Stories: 2

Interior Features

  • Roof: Composition Shingle, Shingle
  • Appliances: Electric Water Heater, Electric Cooktop, Smooth Electric Cooktop, Dryer, Stove/Range-Electric Coil, Stove/Range-Electric Smooth, Washer
  • Flooring: Tile, Vinyl
  • Living Area: 4498

Exterior Features

  • Exterior Features: Gutters/Spouting, Mature Trees, Sprinkler System
  • Interior Amenities: Ceiling Fan(s), Dryer, Washer
  • Fencing: Wood
  • Lot Features: Mature Trees, Sprinkler System
  • Pool Features: None
  • Home Warranty: No
  • Construction Type: Brick
  • Foundation Details: Slab
  • Other Structures: Outbuilding (None)
  • Patio And Porch Features: Patio Slab
  • Pool YN: No

Garage/Parking

  • Carport Spaces: 1
  • Garage Spaces: 1
  • Attached Garage: Yes
  • Covered Parking Spaces: 2
  • Parking Features: Attached, Garage Faces Front

Utilities

  • Laundry Features: Laundry Closet
  • Security: Security System
  • 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: Street Lights
  • Association Fee: 600
  • Association Fee Frequency: Annually
  • Association Name: MAGNOLIA
  • Association: Yes

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: 8765.1432
  • Parcel #: S294000000003700
  • ResoLotSizeUnits: SquareFeet

Building Info

  • Buildings: 1

Tax Info

  • Tax Year: 2020
  • Tax Annual Amount: 10348

Multi Family

  • Number Of Units In Community: 4
  • Number Of Units Total: 4
  • Annual Gross Income: 46898
  • Insurance Expense: 4198

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 25, 2022
Sold by
6 Mld Llc
Bought by
Trevino Alberto and Trevino Yendi Mariel
Current Estimated Value
$510,500

Purchase Details

Listed on
Jul 15, 2021
Closed on
Oct 7, 2021
Sold by
Nguyen Andrew C and Le My Anh
Bought by
Liong Mark U
Seller's Agent
Crystal Rose
Texas Valley Real Estate
Buyer's Agent
Juan De La Garza
De La Garza Realty Group, Llc
List Price
$399,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.40%
Original Mortgage
$300,000
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 24, 2008
Sold by
Rgv Capital Inc
Bought by
Nguyen Andrew C and Le My Anh T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$281,200
Interest Rate
6.11%
Mortgage Type
Commercial
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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Purchase History

Date Buyer Sale Price Title Company
Trevino Alberto -- Corporation Service
Liong Mark U -- Edwards Abstract
Nguyen Andrew C -- San Jacinto Title Services
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Liong Mark U $300,000
Previous Owner Nguyen Andrew C $281,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/07/2021 10/07/21 Sold -- -- --
07/23/2021 07/23/21 Pending -- -- --
07/14/2021 07/14/21 For Sale $399,000 -- $89 / 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 $12,396 $537,550 $85,905 $451,645
2024 $12,396 $537,550 $85,905 $451,645
2023 $12,536 $542,906 $85,905 $457,001
2022 $10,867 $433,477 $85,905 $347,572
2021 $9,970 $386,871 $83,275 $303,596
2020 $10,449 $387,439 $83,275 $304,164
2019 $8,682 $314,905 $83,275 $231,630
2018 $7,384 $267,413 $78,892 $188,521
2017 $9,770 $352,578 $78,892 $273,686
2016 $6,112 $220,557 $71,792 $148,765
2015 $5,659 $214,532 $69,000 $145,532
Source: Public Records

Agents Affiliated with this Home

  • Crystal Rose

    Seller's Agent in 2021

    Crystal Rose

    Texas Valley Real Estate

    (956) 328-9942

    12 Total Sales

    Crystal Rose
    Section Image
  • Juan De La Garza

    Buyer's Agent in 2021

    Juan De La Garza

    De La Garza Realty Group, Llc

    (956) 537-4755

    56 Total Sales

    Juan De La Garza
    Section Image
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Map

Source: Greater McAllen Association of REALTORS®

MLS Number: 360683

Greater McAllen Association of REALTORS®

APN: S2940-00-000-0037-00

Texas Hidalgo County McAllen 78501

407 S 48th Ln, McAllen, TX

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.

Information deemed reliable but not guaranteed.

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