For Sale
For Rent
Blog
Property Records
Schools
SEARCH
Property Records
For Sale
For Rent
MORE
Blog
Schools
See Home Value
Ellis 75152
1386 Palmyra Road
$200,000
● Land - Off Market

1386 Palmyra Road

Palmer, TX 75152
bedrooms
Studio
bathrooms
0 Bath
$1,076
Est. Monthly

About This Property

LAND!! Enjoy the tranquility and freedom of country living – 2.989 acres of beautiful, gently rolling prairie in Ellis County's Palmer Texas. Walk through the secluded and stunningly beautiful trees down back towards the winding creek. Room for livestock, a vegetable garden, even a large garage and

workshop. TWO water meters. TWO septic systems. Desirable Palmer schools. On Palmer's school bus route. Outside of the city. No restrictions. No city taxes. No HOA. Listing is for LAND ONLY -- Two manufactured homes: 2-1 and 2-2, needing full renovation will convey with bills of sale. Could be

used for multifamily home site, as rentals, or truly escape -- build a cabin out back. What's YOUR DREAM?
Unit Size
-
Days on Market
-
Land Size
2.99 acres
Price per sqft
-
Property Type
Land
Property Taxes
-
HOA Dues
-
Year Built
-

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: 5 months ago (NTREIS #21136674)

Price History

Date / Event Date Event Price
May 15, 2026 Sold
Premium
Sold
Apr 18, 2026 In contract -
In contract
Mar 13, 2026 Price Decreased $219,000
↓ $30K (12.1%)
Price Decreased
Dec 20, 2025 Listed by Blue Ridge Real Estate, Inc. $249,000
Listed by Blue Ridge Real Estate, Inc.

Property Highlights

Building Info

Overview

    General

  • Building Count: 1
  • 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: 131,551
  • Total Building Area: 0
  • Building Area: 0

    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: SUBURBAN ESTATES
  • Land Acres: 0000003020
  • Standard Land Use Code: 1006
  • County Land Use Code: A2
  • State Land Use Code: A2
  • Mobile Home Indicator: T
  • Legal Description 1: 24 SUBURBAN 3.02 ACRES

Neighborhood

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

Geography

  • Assessors Map Reference: 1035-U
  • Parcel: 156356
  • Municipality: PALMER
  • Latitude: 32.4652
  • Longitude: -96.6888

    Address

  • Full Address: 1386 Palmyra Rd
  • Address - House Number: 1386
  • Address - Street Name: Palmyra
  • Address - Suffix Type: Rd
  • State: TX
  • City Name: Palmer
  • Carrier Code: R003
  • 4-Digit Zip Code: 8052
  • Zip Code: 75152

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $208,046
  • Tax Rate Code Area: 510

    Appraisal Valuation

  • Standard Deviation: 0.2413
  • Valuation Date: Sep 13, 2023
  • Confidence Score: 66
  • Final Value: 343,251
  • High Value: 426,107
  • Low Value: 260,395

    Market Valuation

  • Market Total Value: $162,321
  • Market Land Value: $160,000
  • Market Improvement Value: $2,321

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $162,321
  • Assessed Land Value: $160,000
  • Assessed Improvements Value: $2,321
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 Ellis

Stats & Trends

Median Asking:

$425,000

Sale Price/ft²

$186

Above Asking

0.16%

Average Days on Market

75

Average Home Size

2565 ft²

Average Home Age

16 years

Currently For Sale

1254 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

Rentals Near You

Click here to view more rentals in the neighborhood.
NTREIS

Listed by: Glenda Milton, Blue Ridge Real Estate, Inc.
Last Updated: 5 months ago
Data Source: NTREIS MLS, MLS# 21136674
Details provided by NTREIS and may not match the public record

Frequently Asked Questions

When was property at 1386 Palmyra Road built and last sold?
The property at 1386 Palmyra Road was built in and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 1386 Palmyra Road is $0.
What are some comparable homes to 1386 Palmyra Road?
There are currently no comparable homes to 1386 Palmyra Road.
Recent Neighborhood News
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
The Current Status of iBuying in 2026: What To Know
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