For Sale
For Rent
Blog
Property Records
Schools
SEARCH
Property Records
For Sale
For Rent
MORE
Blog
Schools
See Home Value
Palmer 75152
103 Frances Road
$120,000
● Mobile Manufactured - Off Market

103 Frances Road

Palmer, TX 75152
bedrooms
3 Beds
bathrooms
0 Bath
square feet
1,064 Ft²
$778
Est. Monthly
18.11%
Cap Rate

About This Property

Great property located close to downtown Palmer and within 1 mile to all Palmer schools! The property contains almost an acre and a half of land and the large pond in the backyard is surrounded by trees for plenty of privacy and shade. The single wide mobile home on the property needs a lot of work and is currently unlivable. A large covered front patio and a carport for parking give this home great potential. Remove the mobile home and build your own custom home or renovate the existing mobile. Come imagine the endless possibilities that are ready and waiting for you!
Unit Size
1,064 Ft²
Days on Market
-
Land Size
1.40 acres
Price per sqft
$113
Property Type
Mobile Manufactured
Property Taxes
$189
HOA Dues
-
Year Built
1986

Payment Calculator

Home Price
Down Payment
%
Loan Term
Interest %

Your Estimated Monthly Payment

Principal + Interest:
Property Tax:
HOA:
Home Insurance:
Mortgage Insurance:

Cap Rate Calculator

Purchase Price
Monthly Property Taxes
Monthly Rental Income
Maintenance & HOA
Income Per Year
Expenses Per Year
Operating Profit Per Year
Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 3 years ago (NTREIS #20609386)

Price History

Date / Event Date Event Price
Jun 17, 2024 Sold
Premium
Sold
May 17, 2024 In contract -
In contract
May 10, 2024 Listed by Keller Williams Realty $120,000
Listed by Keller Williams Realty

Property Highlights

Building Info

Overview

    General

  • Year Built: 1986
  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 33
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 60,984
  • Total Building Area: 1,064
  • Building Area: 1,064

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: GREEN ACS NORTH
  • Land Acres: 0000001400
  • Standard Land Use Code: 1006
  • County Land Use Code: A2
  • State Land Use Code: A2
  • Mobile Home Indicator: T
  • Legal Description 1: 98 GREEN ACS NORTH 1.4 ACRES

Neighborhood

  • School District Name: Palmer Independent School District
  • Census Tract: 060106

Geography

  • Assessors Map Reference: 1085-L
  • Parcel: 168712
  • Lot: 98
  • Municipality: PALMER
  • Latitude: 32.4279
  • Longitude: -96.6862

    Address

  • Full Address: 103 Frances Rd
  • Address - House Number: 103
  • Address - Street Name: Frances
  • Address - Suffix Type: Rd
  • State: TX
  • City Name: Palmer
  • Carrier Code: R002
  • 4-Digit Zip Code: 9626
  • Zip Code: 75152

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $184,755
  • Tax Rate Code Area: 510

    Appraisal Valuation

  • Standard Deviation: 0.2099
  • Valuation Date: Nov 15, 2023
  • Confidence Score: 71
  • Final Value: 241,983
  • High Value: 292,800
  • Low Value: 191,167

    Market Valuation

  • Market Total Value: $110,000
  • Market Land Value: $110,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $110,000
  • Assessed Land Value: $110,000

    Sales

  • Current Sale Contract Date: Apr 05, 2005
  • Current Sale Recording Date: Apr 06, 2005
  • Current Sale Document Type: 68
  • Current Sale Input Document Number: 0510321
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Palmer

Stats & Trends

Median Asking:

$304,950

Sale Price/ft²

$187

Below Asking

0.03%

Average Days on Market

88

Average Home Size

1763 ft²

Average Home Age

21.3 years

Currently For Sale

18 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 382 N Dallas Street, Palmer, TX, 75152

$1,975 /mo

  • 3 Beds
  • 2 Baths
  • 1,465 ft²
382 N Dallas Street, Palmer, TX, 75152 Listing by Natalie Whitaker

Rentals Near You

Click here to view more rentals in the neighborhood.
NTREIS

Listed by: Neil Clements, Keller Williams Realty
Last Updated: 3 years ago
Data Source: NTREIS MLS, MLS# 20609386
Details provided by NTREIS and may not match the public record

Frequently Asked Questions

When was property at 103 Frances Street built and last sold?
The property at 103 Frances Street was built in 1986 and last sold on Apr 5, 2005 for $0.
How much is this home worth?
The estimated value of the home located at 103 Frances Street is $121,200.
What are some comparable homes to 103 Frances Street?
There are currently no comparable homes to 103 Frances Street.
Recent Neighborhood News
Haunted NYC Real Estate: 6 Spooky Stories Behind the Addresses
Lake House Prices Near NYC in 2026: What Waterfront Actually Costs (Labor Day Buyer's Guide)
9 New York City Seafood and Raw Bars
Why Some NYC Tenement Apartments Had Bathtubs in the Kitchen
Popular Searches
Ferris Homes for Sale
Ferris Houses for Sale
Ferris Land for Sale
Ferris Commercial for Sale
Ferris Homes with Basements
Ferris Homes with Pools
Ferris Homes with Parking
Ferris Homes with Garages
Nearby Cities
Grand Prairie Homes for Sale
Waxahachie Homes for Sale
Midlothian Homes for Sale
DeSoto Homes for Sale
Cedar Hill Homes for Sale
Lancaster Homes for Sale
Duncanville Homes for Sale
Ennis Homes for Sale
Nearby Property Records
Ellis County, TX Property Records
Kaufman County, TX Property Records
Dallas County, TX Property Records
Navarro County, TX Property Records
Rockwall County, TX Property Records
Johnson County, TX Property Records
Hill County, TX Property Records
Tarrant County, TX Property Records
Neighborhoods
Wolf Creek Real Estate
Lake Ridge Real Estate
Mountain Creek Real Estate
Highland Hills Real Estate
Westchester Real Estate
South East Dallas Real Estate
High Pointe Real Estate
Rylie Real Estate
Nearby Counties
Waxahachie Homes for Sale
Midlothian Homes for Sale
Ennis Homes for Sale
Crandall Homes for Sale
Kaufman Homes for Sale
Maypearl Homes for Sale
Top Real Estate Agents
Top Agents in Ferris
Top Agents in Waxahachie
Top Agents in Grand Prairie
Top Agents in 75165
Top Agents in 76065
Top Agents in Waxahachie
Top Agents in Midlothian
Top Agents in 75154