NOT LISTED FOR SALE

900 S Palm Dr Pharr, TX 78577

Pharr Area

Estimated Value: $377,000 - $382,000

Studio
32 Baths
4,016 Sq Ft
$94/Sq Ft Est. Value

Sale Details

Date Sold: July 5, 2024

Current estimated payment $2,968 / mo

75 Days on Market

Highlights

  • Patio
  • Tile Flooring
  • Partially Fenced Property
  • Laundry closet
  • Central Heating and Cooling System
  • 1-Story Property

About This Home

As of July 2024

Welcome to this fantastic income-producing multifamily unit located in the heart of Pharr, Texas! This 4plex has spacious living areas, kitchen and bedrooms. The common area is well maintained.

The property boasts a high occupancy rate, making it a great investment opportunity for any savvy investor. Each unit is currently generating strong rental income, providing a reliable source of passive income for the new owner.

Conveniently located in a highly desirable area, tenants will enjoy easy access to local dining, shopping, and entertainment options. With its prime location and steady rental income, this multifamily unit is a must-see for any investor looking to expand their portfolio in the thriving Pharr real estate market.

Don't miss out on this excellent investment opportunity – schedule a showing today and secure your future financial success with this income-producing property in Pharr, Texas!

Last Agent to Sell the Property

Trisha Scott

Veale Properties Listed on: 03/29/2024

Last Buyer's Agent

Daniel Navarro

Veale Properties

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,094

Year Built

  • Built in 2007

Lot Details

  • 8,170 Sq Ft Lot
  • Partially Fenced Property

HOA Fees

  • $42 Monthly HOA Fees

Home Design

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

Interior Spaces

  • 4,016 Sq Ft Home
  • 1-Story Property
  • Tile Flooring
  • Gas Range

Laundry

  • Laundry closet
  • Dryer
  • Washer

Parking

  • 2 Carport Spaces
  • No Garage

Outdoor Features

  • Patio

Schools

  • Escobar Elementary School
  • Liberty Middle School
  • Psja High School

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater

Community Details

  • 2 Buildings
  • 4 Units
  • Sam Houston Heights Association
  • Sam Houston Heights Subdivision

Listing and Financial Details

  • Assessor Parcel Number S025700000006300

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,094

Year Built

Built in 2007

Lot Details

8,170 Sq Ft Lot

HOA Fees

$42 per month

Listing Details

  • Directions: From Expressway 83 East bound, take exit toward E. Jackson Ave/Sam Houston Avenue. Turn right onto E. Jackson Avenue. E. Jackson Avenue turns to Sam Houston Avenue. Turn right onto S. Palm Drive. Fourplex is on the right side of Palm Drive near the gate.
  • Year Built: 2007
  • Property Sub Type: Quadruplex
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.1876
  • Road Surface Type: Paved
  • Subdivision Name: Sam Houston Heights
  • Carport Y N: Yes
  • Garage Yn: No
  • Efficiency: Attic Fans
  • Building Stories: 1
  • Non-Allowables: No
  • Repairs YN: Yes
  • Special Features: None
  • Stories: 1

Interior Features

  • Roof: Shingle
  • Appliances: Electric Water Heater, Dryer, Refrigerator, Stove/Range-Gas, Washer
  • Flooring: Tile
  • Living Area: 4016

Exterior Features

  • Interior Amenities: Other
  • Fencing: Partial
  • Lot Features: Curb & Gutters, Sidewalks
  • Home Warranty: No
  • Construction Type: Brick
  • Foundation Details: Slab
  • Other Structures: Outbuilding (None)
  • Patio And Porch Features: Patio
  • Pool YN: No

Garage/Parking

  • Carport Spaces: 2
  • Covered Parking Spaces: 2
  • Parking Features: No Garage

Utilities

  • Laundry Features: Laundry Area
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Sewer: City Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: None
  • Association Fee: 500
  • Association Fee Frequency: Annually
  • Association Name: Sam Houston Heights
  • Association: Yes

Schools

  • Elementary School: Escobar
  • High School: PSJA H.S.
  • Junior High Dist: PSJA ISD
  • Middle Or Junior School: Liberty

Lot Info

  • Lot Size Sq Ft: 8170.1136
  • Parcel #: S025700000006300
  • ResoLotSizeUnits: SquareFeet

Building Info

  • Buildings: 2

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 10094

Multi Family

  • Number Of Units In Community: 4
  • Number Of Units Total: 4

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
Sep 9, 2018
Closed on
Apr 22, 2019
Sold by
Bought by
Seller's Agent
Erma Ramientos
Key Realty
Buyer's Agent
Phillip Veale
Veale Properties
List Price
$272,000
Current Estimated Value
$379,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.06%
Original Mortgage
$198,750
Interest Rate
0.043%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 21, 2019
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$198,750
Interest Rate
0.043%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 25, 2017
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,000
Interest Rate
0.0392%
Mortgage Type
Construction

Purchase Details

Closed on
Jun 27, 2006
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$47,600
Interest Rate
0.0667%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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

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
-- Encore Title
-- None Available
-- Capital Title
-- Charge San Jacinto Title Ser
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 $369,550
Closed $7,391
Closed $198,750
Previous Owner $120,000
Previous Owner $191,475
Previous Owner $47,600
Previous Owner $166,600
Previous Owner $164,080
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 Prior Sale
07/05/2024 07/05/24 Sold -- -- --
06/13/2024 06/13/24 Pending -- -- --
05/18/2024 05/18/24 For Sale $389,000 0.0% $97 / Sq Ft
05/09/2024 05/09/24 Pending -- -- --
03/29/2024 03/29/24 For Sale $389,000 +43.0% $97 / Sq Ft
04/24/2019 04/24/19 Sold -- -- -- View Prior Sale
02/14/2019 02/14/19 Pending -- -- --
09/06/2018 09/06/18 For Sale $272,000 -- $68 / 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
2025 $10,101 $371,293 $87,419 $283,874
2024 $10,101 $376,626 $87,419 $289,207
2023 $10,094 $376,626 $87,419 $289,207
2022 $8,370 $298,399 $63,318 $235,081
2021 $7,417 $259,670 $63,318 $196,352
2020 $7,529 $260,264 $63,318 $196,946
2019 $7,187 $245,262 $45,752 $199,510
2018 $6,966 $236,352 $45,752 $190,600
2017 $6,912 $232,523 $45,752 $186,771
2016 $5,614 $188,881 $45,752 $143,129
2015 $5,323 $178,572 $45,752 $132,820
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Greater McAllen Association of REALTORS®

MLS Number: 432592

Greater McAllen Association of REALTORS®

APN: S0257-00-000-0063-00

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