NOT LISTED FOR SALE

409 Rafael Dr San Juan, TX 78589

Estimated Value: $157,000 - $579,000

-- Bed
4 Baths
8,912 Sq Ft
$47/Sq Ft Est. Value

Last Sold October 24, 2022

Current estimated payment $2,659/month

48 Days on Market

Highlights

  • New Construction
  • Storm Windows
  • Tile Flooring
  • 0.48 Acre Lot
  • Laundry closet
  • Central Heating and Cooling System

About This Home

As of October 2022

GREAT LOCATION AND 100% LEASED!! Income producing!!! (2) (2021) fourplex (Unit # 405 & 409) minutes away from the expressway. Schedule your showing today before its gone!

Last Agent to Sell the Property

Diana Ortiz

Re/Max Elite Listed on: 07/11/2022

Re/Max Elite

Last Buyer's Agent

Nash Buxani

Winners Circle

Winners Circle

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,887

Year Built

  • Built in 2021 | New Construction

Lot Details

  • 0.48 Acre Lot
  • Wood Fence
  • Barbed Wire

HOA Fees

  • $50 Monthly HOA Fees

Parking

  • 16 Carport Spaces

Home Design

  • Slab Foundation
  • Wood Shingle Roof

Interior Spaces

  • 8,912 Sq Ft Home
  • 1-Story Property
  • Tile Flooring
  • Storm Windows
  • Electric Range

Laundry

  • Laundry closet
  • Dryer
  • Washer

Schools

  • Garza Elementary School
  • Yzaguierre Middle School
  • Psja High School

Utilities

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

Listing and Financial Details

  • Assessor Parcel Number C192400000009700

Community Details

Overview

  • 2 Buildings
  • 8 Units
  • Caroll Estates Association
  • Carroll Estates Subdivision

Building Details

  • Insurance Expense $6,000
  • Maintenance Expense $2,400
  • Gross Income $1,176

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,887

Year Built

Built in 2021 | New Construction

Lot Details

0

HOA Fees

$50 per month

Listing Details

  • Directions: East on Expressway 83, Exit Stewart road, Go South one block to Carroll Rd, then East on Carroll to Rafael Dr. Subdivision is on the right on Rafael Dr. Head straight head both (2) 4plex will be on the Left hand side of the road Unit #405 & Unit #409
  • Year Built: 2021
  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.4783
  • Road Surface Type: Paved
  • Subdivision Name: Carroll Estates
  • Carport Y N: Yes
  • Garage Yn: No
  • New Construction: Yes
  • Building Stories: 1
  • Non-Allowables: No
  • Repairs YN: No
  • Special Features: NewHome
  • Stories: 1

Interior Features

  • Roof: Wood Shingle/Shake
  • Appliances: Electric Water Heater, Dryer, Refrigerator, Stove/Range-Electric Coil, Washer
  • Flooring: Tile
  • Living Area: 8912
  • Window Features: Energy Feature (Storm Windows)
  • ResoLivingAreaSource: Appraiser

Exterior Features

  • Exterior Features: None
  • Interior Amenities: Dryer, Washer
  • Fencing: Barbed Wire, Wood
  • Home Warranty: No
  • Construction Type: Block
  • Foundation Details: Slab
  • Other Structures: Outbuilding (None)
  • Property Condition: New Construction
  • Pool YN: No

Garage/Parking

  • Carport Spaces: 16
  • Covered Parking Spaces: 16
  • Parking Features: Other Garage or Carport

Utilities

  • Utilities: Cable Available
  • Laundry Features: Laundry Area, Washer/Dryer Connection
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: None
  • Association Fee: 600
  • Association Fee Frequency: Annually
  • Association Name: Caroll Estates
  • Association: Yes

Schools

  • Elementary School: Garza
  • High School: PSJA H.S.
  • Junior High Dist: PSJA ISD
  • Middle Or Junior School: Yzaguierre

Lot Info

  • Lot Size Sq Ft: 20835.1836
  • Parcel #: C192400000009700
  • ResoLotSizeUnits: SquareFeet

Building Info

  • Buildings: 2

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 3887

Multi Family

  • Number Of Units In Community: 8
  • Number Of Units Total: 8
  • Annual Gross Income: 1176
  • Insurance Expense: 6000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 11, 2022
Closed on
Oct 21, 2022
Sold by
Hpn Rentals Llc
Bought by
Dr George Real Estate Llc
Seller's Agent
Diana Ortiz
Re/Max Elite
Buyer's Agent
Nash Buxani
Winners Circle
List Price
$1,300,000,000
Views
16
Current Estimated Value
$416,667

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-26.08%
Original Mortgage
$415,200
Outstanding Balance
$407,288
Interest Rate
6.02%
Mortgage Type
New Conventional
Estimated Equity
$9,379
Source: Public Records

Range of Values:

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Average Value
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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
Dr George Real Estate Llc -- Corporation Service
Dr George Real Estate Llc -- Corporation Service
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Dr George Real Estate Llc $415,200
Closed Dr George Real Estate Llc $415,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/24/2022 10/24/22 Sold -- -- --
08/29/2022 08/29/22 Pending -- -- --
07/21/2022 07/21/22 Price Changed $1,200,000 -7.7% $135 / Sq Ft
07/11/2022 07/11/22 Price Changed $1,300,000 -99.9% $146 / Sq Ft
07/11/2022 07/11/22 For Sale $1,300,000,000 -- $145,871 / 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 $14,270 $560,000 $101,600 $458,400
2024 $14,270 $550,757 $101,600 $449,157
2023 $14,381 $555,449 $101,600 $453,849
2022 $24,623 $890,926 $203,144 $687,782
2021 $3,887 $137,512 $137,512 $0
Source: Public Records

Agents Affiliated with this Home

  • Diana Ortiz

    Seller's Agent in 2022

    Diana Ortiz

    RE/MAX

    (956) 878-5318

    2 in this area

    55 Total Sales

    Diana Ortiz
    Section Image
  • Nash Buxani

    Buyer's Agent in 2022

    Nash Buxani

    Winners Circle

    (956) 949-9337

    7 in this area

    184 Total Sales

    Nash Buxani
    Section Image
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Map

Source: Greater McAllen Association of REALTORS®

MLS Number: 385415

Greater McAllen Association of REALTORS®

APN: C1924-00-000-0097-00

Texas Hidalgo County San Juan 78589

409 Rafael Dr, San Juan, TX

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