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$139,900

1402 E Grimes St, Harlingen, TX, 78550

PendingInfo
Beds3 Beds
Baths1 Bath
Baths1,772 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$78.95 / sqft
Year BuiltBuilt in 1978

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1Bathrooms Full 1
Bathrooms Half 1Bathrooms Half 1
AppliancesElectric Water Heater
FlooringTile

Exterior

Lot Size10,149 sqft

Building Information

Year Built1978
Stories1
Roof Type114

Land Information

APN16-5770-0010-0050-00
Lot Number5
SubdivisionClift Subdivision
Land UseResidential
Legal DescriptionHARLINGEN- CLIFT LOT 5 BLK 1
Census Tract010700
Assessed Land Value$65,468
Assessed Improvement Value$105,744
Assessment Year2025

About this property

This 3-bedroom, 2-bath home presents a great investment opportunity for investors or anyone ready to take on a project with vision. With plenty of potential to transform and add value, this property is ideal for those looking to customize a home to their own style. The property is being sold as is, in its present condition. Schedule your appointment today to take a look and explore the possibilities!

Investor Tools

$43,964Estimated Mortgage Balance
$127,448Estimated Equity
74% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,027 /month
Positive
Cash Flow Estimate:
$342 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$348/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,316
$171,212
2025
$65,468
$105,744
$171,212
No

Tax History

Year
Tax Paid
Assessed Value
2025
$3,316
$171,212

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
International Bank Of Commerce
Fha
$72,649
Yes
First
Apr 13, 2010
May 2040

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$43,964
$127,248
74%
26%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,180/mo
N/A
+$1,180/mo
8.3%

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: Harlingen

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1402 E Grimes St | Property Details | No Agent List