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2518 Palace Drive

2518 Palace Drive, Stafford, TX 77477
Property in Kingsway
Sold Jul 27, 2016
$168,100
$134,518 by Wells Fargo Bank Na
Mortgage Due Aug 01, 2046
Sold Apr 18, 2008
$83,100
$66,500 by Bank Of America Na
Mortgage Due May 01, 2023
2518 Palace Drive in Stafford, TX was first built in 1982 and is 42 years old. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a contemporary style. It is a single story home. There are a total of 2 rooms in the home, of which, 3 are bedrooms. In terms of bathrooms, there are a total of 2 full bathrooms. There are 2 partial bathrooms. 2518 Palace Drive has 1,740 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. In total, the area measurement of the land is 8,078 square feet.

Learn more about the property and building on this page. There is a open porch and a patio. The home has a gable style roof made of composition shingle. For those who need parking, there is a attached garage. The garage is 460 sqft. There are a total of 2 available parking spaces. The condition of the building has been evaluated as good. The exterior walls of the home are made of brick veneer. Walk into the home itself and you'll find that it is currently being cooled with central air conditioning. As for heating, the home is utilizing a central heating system. There is a fireplace in the home! Just imagine how amazing it would be to curl up in front of a cozy fireplace during those chilly winter nights. The property was last sold in Jul 26, 2016 for $168,100. That's $76.41 per sqft. Prior to that sales transaction, the property was also sold in Apr 15, 2008 for $83,100. 2518 Palace Drive was last assessed in 2023. The total value of the property was assessed at $242,549. Specifically, the land the property is located on was valued at $29,190. While improvements on the property were assessed at a total of $213,359. The total market value for this property is the same as the total assessed value as of this moment. The total amount of taxes due from a property owner is $4,172. Remember, the purchasing price for your future home is not the costs you'll incur during the purchasing process. That's why it's important to save as much as possible and presumbly above the 20% minimum you may need to put down as down payment. You will want these additional savings to cover closing costs such as attorney fees, homeowner's insurance, title search fees, origination fees, and more. Thankfully, sellers may sometimes offer to cover certain costs as seller concessions to the buyer. Just keep in mind that sellers have their own fees to pay as well. Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1982
  • Effective Year Built: 1982
  • Building Count: 1
  • Total Rooms: 2
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: Good
  • Building Style: Contemporary
  • Exterior Walls Type: Brick veneer
  • Roof Shape Type: Gable
  • Roof Cover Type: Composition shingle
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Attached
  • Garage Square Area: 460
  • Parking Space Count: 2
  • Patio Type: Patio
  • Porch Type: Open porch

    Dimensions

  • Lot Size Square Feet: 8,078
  • Total Building Area: 2,200
  • Gross Building Area: 2,200
  • Building Area: 1,740
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,740
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: KINGSWAY
  • Land Acres: 0.185
  • Standard Land Use Code: Single family residential
  • Legal Description 1: KINGSWAY, BLOCK 4, LOT 36

Ownership

  • Current Owner : MARTINEZ JESSEY
  • Current Owner 2: MARTINEZ SARA
  • Previous Owner : VAZQUEZ HECTOR M
  • Previous Owner 2: VAZQUEZ PATRICIA
  • Owner Before Previous Owner: US BANK NA
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Stafford Municipal School District
  • School Tax School District: J03 S11 G01 D01
  • Census Tract: 671300

Geography

  • Assessors Map Reference: Z-070
  • Parcel: 4300-00-004-0360-910
  • Block: 4
  • Lot: 36
  • Municipality: CITY OF STAFFORD
  • Latitude: 29.6112
  • Longitude: -95.553

    Address

  • Full Address: 2518 Palace Dr
  • Address - House Number: 2518
  • Address - Street Name: Palace
  • Address - Suffix Type: Dr
  • State: TX
  • City Name: Stafford
  • Carrier Code: C006
  • 4-Digit Zip Code: 6117
  • Zip Code: 77477

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $4,172
  • Tax Rate Code Area: W03

    Appraisal Valuation

  • Standard Deviation: 0.1981
  • Valuation Date: Sep 27, 2023
  • Confidence Score: 73
  • Final Value: 270,611
  • High Value: 324,224
  • Low Value: 216,997

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $134,518
  • First Open Lien Mortgage Lender: WELLS FARGO BANK NA
  • First Open Lien Mortgage Recording Date: Jul 27, 2016
  • First Open Lien Mortgage Loan Amount: $134,518
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: FHA
  • First Open Lien Mortgage Loan Due Date: Aug 01, 2046

    Market Valuation

  • Market Total Value: $242,549
  • Market Land Value: $29,190
  • Market Improvement Value: $213,359

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $242,549
  • Assessed Land Value: $29,190
  • Assessed Improvements Value: $213,359

    Sales

  • Current Sale Contract Date: Jul 26, 2016
  • Current Sale Recording Date: Jul 27, 2016
  • Current Sale Transaction ID: 11500438642
  • Current Sale Price: $168,100
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2016080387
  • Previous Sale Recording Date: Apr 18, 2008
  • Previous Sale Contract Date: Apr 15, 2008
  • Previous Sale Amount: $83,100
  • Previous Sale Document Type: Vendor's Lien

    Last Sale Mortgage

  • First Mortgage Lender: WELLS FARGO BANK NA
  • First Mortgage Transaction Date: Jul 27, 2016
  • First Mortgage Loan Amount: $134,518
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Aug 01, 2046

    Previous Mortgages

  • Previous Mortgage Lender: BANK OF AMERICA NA
  • Previous Mortgage Transaction Date: Apr 18, 2008
  • Previous Mortgage Loan Amount: $66,500
  • Previous Mortgage Term: 180
  • Previous Mortgage Loan Type: Purchase Money Mortgage
  • Previous Mortgage Loan Due Date: May 01, 2023

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Frequently Asked Questions

What neighborhood is 2518 Palace Drive located in?
The 2518 Palace Drive is a located in the neighborhood of Kingsway in Kingsway, Stafford.
What is the average sales price for listings in 2518 Palace Drive?
The average sales price for units in 2518 Palace Drive is $0 currently.

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