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$470,000

1409 Bassett Road, Palestine, TX, 75803

On MarketInfo
Beds3 Beds
Baths3 Bath
Baths3,240 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$145.06 / sqft
Year BuiltBuilt in 1977

Property Lead Type:

High Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Bathrooms Half 1Bathrooms Half 1
AppliancesDishwasher, Disposal, Electric Cooktop, Electric Oven, Microwave, Refrigerator
FlooringBrick, Carpet, Ceramic Tile, Wood

Exterior

Private PoolPrivate Pool
Exterior FeaturesRain Gutters
Lot Size12.91 acres

Building Information

Year Built1977

Land Information

APN14362
SubdivisionJoseph Jordan
Land UseResidential
Legal DescriptionA0033 JORDAN, JOSEPH BLOCK 1223 TRACT 5, 6, 7 & 7B1
Census Tract950600
Assessed Land Value$123,677
Assessed Improvement Value$408,665
Assessment Year2025

About this property

Sitting on nearly 13 acres just minutes from town, this ranch-style home is a true hidden gem with so much to offer for family and friends. Inside, the home features a spacious kitchen and living room, creating an inviting space for gathering and everyday living. The layout also includes a flex room that can be used for office space or guest accommodations. Just beyond the main living area is the man cave, complete with a pub-style bar and a space designed for game days, pool games, relaxed evenings, and movie nights. Additional features include solar panels offering off-grid capability—an appealing benefit for rural living that provides added peace of mind during storms and power outages, delivering both independence and security. Outside is where this property truly shines. The backyard offers a large fenced area ideal for pets and kids alike, along with an above-ground pool for warm Texas days. Adjacent to the home is a large shop set up for both storage and entertaining, with picnic tables ready for outdoor gatherings, BBQs, and bonfires lighting up long East Texas evenings. Toward the back of the property, you’ll find wooded trails perfect for peaceful walks or trail riding, along with two large spring-fed ponds that could easily be stocked for fishing. With acreage, privacy, and convenience to town, and no restrictions this is truly a rare find. Properties offering this combination of space, features, and location do not come around often.

Investor Tools

$330,212Estimated Mortgage Balance
$202,130Estimated Equity
37% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,194 /month
Positive
Cash Flow Estimate:
$1,065 /month

Interested in this property?

Charlotte Williams

Keller Williams Realty-Tyler

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$222/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
N/A
$532,342
2025
$123,677
$408,665
$532,342
No

Tax History

Year
Tax Paid
Assessed Value
2025
N/A
$532,342

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Rapid Mortgage Funding Inc
Conventional
$355,000
No
First
Aug 20, 2022
Sep 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$330,212
$202,130
37%
62%
$2,129/mo

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: Palestine

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1409 Bassett Road | Property Details | No Agent List