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General Description

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Welcome home to this charming single-story design on OVER 1.25ac premium corner lot in the exclusive Chapman community; minutes from Downtown Mercedes, TX. Stately circular drive & enormous covered front porch welcomes you inside to the grand foyer & both formals. Spacious family room is the heart of the home, boasting soaring vaulted ceilings, wet bar, & stone corner fireplace. Chef's island kitchen w/breakfast bar & adjacent breakfast room for ample seating & room to entertain. 3/4 bedrooms feature private en-suite baths, including Primary Suite w/dual sinks, garden tub + separate shower & huge walk-in closet. TX-sized covered patio w/ceiling fans overlooks fenced backyard w/gazebo & tons of room to expand. Also features central vacuum system, 3 wells watering the property, 2-car garage + 2-car carport for ample parking, & more. Enjoy the benefits of country living near city amenities, w/no MUD tax or HOA dues, & short drive to endless shopping, dining, & entertainment.

MLS#:

32601821 (HAR)

Sold Price Range:

$370,001 - $420,000

Listing Status:

Sold

Address:

302 Rio Rico Rd

City:

Mercedes

State:

Zip Code:

78570

County:

Hidalgo County

Subdivision:

Chapman

Legal Description:

J.A. CHAPMAN'S LOTS 3-5 BLK 11

Property Type:

Single-Family

Bedrooms:

4 Bedroom(s)

Baths:

4 Full & 1 Half Bath(s)

Garage(s):

2 / Attached/Detached

Stories:

Style:

Traditional

Year Built:

1979 / Appraisal District

Building Sqft.:

3,841 /Appraisal District

Lot Size:

1.38 Acres /Appraisal District

Rooms/Lot Dimensions

Living:

Family Room:

1st

Dining:

Kitchen:

1st

Breakfast:

1st

Primary Bedroom:

Bedroom:

Utility Room Desc:

Interior Features

Fireplace:

1/Wood Burning Fireplace

Floors:

Carpet, Tile

Kitchen Description:

Breakfast Bar, Island w/ Cooktop, Pantry

Bathroom Description:

Primary Bath: Double Sinks, Half Bath, Primary Bath: Separate Shower, Primary Bath: Soaking Tub, Secondary Bath(s): Tub/Shower Combo, Secondary Bath(s): Shower Only, Vanity Area

Bedroom Description:

All Bedrooms Down, En-Suite Bath, Primary Bed - 1st Floor, Sitting Area, Walk-In Closet

Room Description:

Breakfast Room, Family Room, Formal Dining, Formal Living, Utility Room in House

Cooling:

Central Electric, Zoned

Heating:

Central Electric, Zoned

Microwave:

Yes

Oven:

Electric Oven

Dishwasher:

Yes

Range:

Electric Cooktop

Disposal:

Yes

Energy Feature:

Ceiling Fans, Attic Vents

Interior:

Window Coverings, Formal Entry/Foyer, High Ceiling, Intercom System, Fire/Smoke Alarm, Central Vacuum

Exterior Features

Roof:

Composition

Foundation:

Slab

Private Pool:

Exterior Type:

Brick

Lot Description:

Corner, Subdivision Lot

Carport Description:

Detached Carport

Garage Carport:

Circle Driveway, Driveway Gate, Auto Garage Door Opener, Single-Wide Driveway

Controlled Access:

Driveway Gate

Water Sewer:

Public Sewer, Public Water, Well

Front Door Face:

West

Exterior:

Back Yard Fenced, Covered Patio/Deck, Fully Fenced, Patio/Deck, Porch, Private Driveway

Additional Information

Dwelling Type:

Free Standing

HOA Mandatory:

List Type:

Exclusive Right to Sell/Lease

Buyer Agent Compensation*:

3.00%

Sub Agent Compensation*:

0.00%

*Disclaimer: Listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

Financial Information

Financing Considered:

Cash Sale, Conventional, FHA, VA

Other Fees:

Ownership:

Full Ownership

Maintenance Fee:

Taxes w/o Exemp:

$8, 206/2022

Tax Rate:

3.0236

Listing Broker:

Keller Williams Signature

Property Tax

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Cost/sqft based on Market Value

Tax Year	Cost/sqft	Market Value	Change	Tax Assessment	Change
2023	$82.67	$317,536	17.00%	$298,538	10.00%
2022	$70.66	$271,398	-14.58%	$271,398	5.91%
2021	$82.72	$317,728	36.38%	$256,263	10.00%
2020	$60.65	$232,966	2.50%	$232,966	2.50%
2019	$59.17	$227,284	-16.87%	$227,284	-16.87%
2018	$71.18	$273,412	0.00%	$273,412	6.83%
2017	$71.18	$273,412	17.51%	$255,928	10.00%
2016	$60.57	$232,662		$232,662

2023 Hidalgo County Appraisal District Tax Value

Market Land Value:	$164,744
Market Improvement Value:	$152,792
Total Market Value:	$317,536

hidalgo County Appraisal District

2023 Tax Rates

CITY OF MERCEDES:	0.7750 %
DRAINAGE DISTRICT #1:	0.1179 %
HIDALGO COUNTY:	0.5750 %
SOUTH TEXAS COLLEGE:	0.1615 %
MERCEDES ISD:	1.3450 %
SOUTH TEXAS SCHOOL:	0.0492 %
Total Tax Rate:	3.0236 %

Estimated Mortgage/Tax

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$2,261 Monthly

Estimated Monthly Principal & Interest (Based on the calculation below)	$ 1,509
Estimated Monthly Property Tax (Based on Tax Assessment 2023)	$ 752752
Home Owners Insurance	Get a Quote

List Price

Loan Term

Months

Years

Down Payment

Annual Interest Rate

Estimated Monthly Principal & Interest

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Schools

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School information is computer generated and may not be accurate or current. Buyer must independently verify and confirm enrollment. Please contact the school district to determine the schools to which this property is zoned.

ASSIGNED SCHOOLS

Ruben Hinojosa Elementary School Elementary . PK - 05 . MERCEDES ISD

Good |

Sgt Manuel Chacon Middle School Middle . 06 - 08 . MERCEDES ISD

Average |

Mercedes High School High . 09 - 12 . MERCEDES ISD

Average |

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Property Map

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302 Rio Rico Rd, Mercedes, TX 78570 Directions

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Street View Birds Eye View

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302 Rio Rico Rd Mercedes TX 78570 was recently sold. It is a 1.38 Acre(s) Lot, 3,841 SQFT, 4 Beds, 4 Full Bath(s) & 1 Half Bath(s) in Chapman.

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