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$304,900

106 Meadowlark Dr, Palmer, TX, 75152

On MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,795 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$169.86 / sqft
Year BuiltBuilt in 2004

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Range, Electric Water Heater, Microwave
FlooringCarpet, Ceramic Tile, Concrete

Exterior

Exterior FeaturesRain Gutters
Lot Size7,623 sqft

Building Information

Year Built2004
Stories1
Roof Type105
Garage Spaces2

Land Information

APN65.6685.903.004.00.110
Lot Number4
SubdivisionThe Meadows Of Palmer Ph1-A
Land UseResidential
Legal DescriptionLOT 4 BLK C THE MEADOWS OF PALMER PH1-A .175 AC
Census Tract060105
Assessed Land Value$45,000
Assessed Improvement Value$236,425
Assessment Year2025

About this property

Welcome home to this beautifully maintained 3-bedroom, 2-bath residence featuring exceptional curb appeal with an attractive rock and brick façade. Located in highly sought after Palmer ISD, home to the highest-ranked schools in Ellis County, with the high school conveniently within walking distance. Inside, you'll find a spacious living room with 10ft ceilings, stained concrete floors, and a cozy wood-burning fireplace with a lovely mantle that creates the perfect gathering space for family and friends. The kitchen offers abundant storage with 42 inch cabinetry, beautiful wood accent counters, wood beadboard ceilings, microwave, range and dishwasher less than one year old. The oversized primary suite provides space for a sitting area and features an ensuite bath with dual closets, garden tub, separate shower, makeup vanity, and generous counter space. Secondary bedrooms boast tall ceilings. Step outside to enjoy the spacious backyard highlighted by a beautiful mature oak tree, offering shade and plenty of room for outdoor entertaining, gardening, pets, or play. The oversized 2-car garage provides extra space for a workbench, storage, hobby area, or additional freezer. A thoughtfully designed utility room includes built-in cabinets, shelving, a hanging area, and a hamper to help keep daily life organized. Major updates provide peace of mind, including a roof and gutters that are less than one year old and an HVAC system that is only seven years old. Residents can also enjoy access to the Palmer ISD football field and track, which are open to the public outside school hours. Conveniently located near shopping, restaurants, medical facilities, entertainment, major highways, and the city park, this home offers small-town charm with easy access to larger city amenities. Waxahachie and Ennis are both just 15 minutes away, making commuting simple while allowing you to enjoy the benefits of a welcoming community and top-rated schools.

Investor Tools

Property Icon
$325,000
Estimated Property Value
$217,171Estimated Mortgage Balance
$132,452Estimated Equity
33% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,950 /month
Positive
Cash Flow Estimate:
$650 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$485/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,201
$278,722
2025
$45,000
$236,425
$281,425
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,201
$278,722

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Sfmc Lp
Conventional
$217,171
No
First
Sep 22, 2020
Oct 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$192,548
$132,452
40%
59%
$1,303/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,020/mo
$1,303/mo
+$717/mo
7.5%

Learn About the Market: Opportunity in Texas

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Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

Explore Texas Explore This Area
Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Palmer

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