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Palestine 75803
213 Palm Drive
$167,500
● House - Off Market

213 Palm Drive

Palestine, TX 75803
bedrooms
3 Beds
bathrooms
0 Bath
square feet
1,279 Ft²
$914
Est. Monthly

About This Property

This house has tons of potential. Super cute 3 BR 2BATH, great wood burning Stove in the living room. The laundry room is adjoining the kitchen and the garage. The kitchen is a combo, kitchen and eating area. This inside of the home is ready for what ever color paint you prefer!! Nice backyard, plenty of room for all your entertaining ideas. This home recently had the windows, front and back doors replaced. Covered front porch for you to sit and enjoy the outdoors. Don't miss this sweet house in Palestine, TX.  Let's set up a time to see your future home.
Unit Size
1,279 Ft²
Days on Market
-
Land Size
0.27 acres
Price per sqft
$145
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1985

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Cap Rate Calculator

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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: 2 years ago (NTREIS #20637345)

Price History

Date / Event Date Event Price
Oct 29, 2024 Sold
Premium
Sold
Jun 3, 2024 Listed by Better Homes and Gardens $186,000
Listed by Better Homes and Gardens

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1985
  • Effective Year Built: 1985
  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 3
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 399
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 11,822
  • Lot Size Depth Feet: 780
  • Lot Size Frontage Feet: 1,510
  • Total Building Area: 1,339
  • Gross Building Area: 1,339
  • Building Area: 1,339
  • Building Area Measurement: T

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 0
  • Heated Square Feet: 1,339
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: WESTWOOD ARMS ANNEX
  • Land Acres: 0000000271
  • Standard Land Use Code: 1001
  • County Land Use Code: A1
  • Legal Description 1: WESTWOOD ARMS ANNEX #1 LOT 11

Neighborhood

  • School District Name: Westwood Independent School District
  • Census Tract: 950600

Geography

  • Parcel: R36583
  • Lot: 11
  • Municipality: PALESTINE
  • Latitude: 31.7303
  • Longitude: -95.6884

    Address

  • Full Address: 213 Palm Dr
  • Address - House Number: 213
  • Address - Street Name: Palm
  • Address - Suffix Type: Dr
  • State: TX
  • City Name: Palestine
  • Carrier Code: R010
  • 4-Digit Zip Code: 5429
  • Zip Code: 75803

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $348,520
  • Initial Tax Delinquent Year: 2018
  • Tax Rate Code Area: C04 S10 R0

    Appraisal Valuation

  • Standard Deviation: 0.468
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 6
  • Final Value: 97,229
  • High Value: 142,740
  • Low Value: 51,717

    Market Valuation

  • Market Total Value: $161,803
  • Market Land Value: $9,458
  • Market Improvement Value: $152,345

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $161,803
  • Assessed Land Value: $9,458
  • Assessed Improvements Value: $152,345

    Sales

  • Current Sale Contract Date: Jun 27, 2022
  • Current Sale Recording Date: Jun 30, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 4248
  • Previous Sale Recording Date: Jan 15, 2016
  • Previous Sale Contract Date: Jun 01, 2015
  • Previous Sale Amount: $96,900
  • Previous Sale Document Type: 70
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 Palestine

Stats & Trends

Median Asking:

$175,000

Sale Price/ft²

$120

Below Asking

0.07%

Average Days on Market

83

Average Home Size

1758 ft²

Average Home Age

73 years

Currently For Sale

26 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

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NTREIS

Listed by: Trish Anderson, Better Homes and Gardens
Last Updated: 2 years ago
Data Source: NTREIS MLS, MLS# 20637345
Details provided by NTREIS and may not match the public record

Frequently Asked Questions

When was property at 213 Palm Drive built and last sold?
The property at 213 Palm Drive was built in 1985 and last sold on Jun 27, 2022 for $224,903.
How much is this home worth?
The estimated value of the home located at 213 Palm Drive is $0.
What are some comparable homes to 213 Palm Drive?
There are currently no comparable homes to 213 Palm Drive.
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