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$365,000

1308 Palermo Drive, Pearland, TX, 77581

$388,249 ARVInfo
On MarketInfo
Beds3 Beds
Baths2 Bath
Baths2,115 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$172.58 / sqft
Year BuiltBuilt in 2004

Property Lead Type:

High EquityVacant HomesMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Microwave, Dishwasher
FlooringTile

Exterior

Lot Size5,502 sqft

Building Information

Year Built2004
Garage Spaces2

Land Information

APN1235520040019
Lot Number19
SubdivisionBellavita At Green Tee
Land UseResidential
Legal DescriptionLT 19 BLK 4 BELLAVITA AT GREEN TEE SEC 3
Census Tract350102
Assessed Land Value$65,959
Assessed Improvement Value$318,832
Assessment Year2025

About this property

Welcome to 1308 Palermo in Pearland’s premier 55+ gated community, Bella Vita! This stunning 3-bedroom, 2-bath home offers elegant updates and an entertainer’s dream layout as well as spacious square footage. The open-concept design features an oversized island kitchen with a massive bar, designer glass-inlaid backsplash, a built in desk, custom block-glass windows, and crown molding throughout. Recently remodeled bathrooms add a touch of luxury, while the pillared formal dining room and sunroom provide perfect spaces for gatherings or quiet relaxation. Enjoy a wine cooler, recent water heater, and a spacious 2-car garage as well as professional landscaping & automatic splinkler system. Window blinds in all rooms.Deep closets.Refrigerator included. A beautiful street with great neighbors! Besides all the amenities the HOA provides,basic tv & internet is included,front & side yards are mowed, bushes are trimmed,your front door is refinished every 2 years, and enjoy front gate security.

Investor Tools

Property Icon
$384,791
Estimated Property Value
$0Estimated Mortgage Balance
$94,464Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$388,248
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,309 /month
Positive
Cash Flow Estimate:
$770 /month

Interested in this property?

Lisa Kurrass

Real Estate Connection Int

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$189/month
$290/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$339
$384,791
2025
$65,959
$318,832
$384,791
No

Tax History

Year
Tax Paid
Assessed Value
2024
$339
$384,791

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
New American Funding
Credit Line (Revolving) / Heloc
$294,636
No
First
Aug 21, 2025
Sep 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$290,327
$94,464
24%
75%
$1,767/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,330/mo
$2,057/mo
$-727/mo
4.1%

Learn About the Market: Opportunity in Texas

Local Market Pages
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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: Pearland

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1308 Palermo Drive | Property Details | No Agent List