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$357,000

NAL Estimated Property Value

1620 Palo Duro Dr, Odessa, TX, 79762

Off MarketInfo
Beds5 Beds
Baths3 Bath
Baths2,154 Sq Ft
price_per_sqft$171.77 / sqft
Year BuiltBuilt in 2022

Property Lead Type:

BankruptcyAbsentee Owner

Highlights

Interior

Bedrooms 5Bedrooms 5
Bathrooms 3Bathrooms 3
Garage AvailableGarage Available
AppliancesGas Water Heater, Tankless Water Heater, Gas Range, Microwave, Dishwasher, Disposal
FlooringCarpet, Tile

Exterior

Exterior FeaturesManual Sprinkler
Lot Size6,634 sqft

Building Information

Year Built2022
Garage Spaces2

Land Information

APN08235.00464.01600
Lot Number16
SubdivisionDesert Ridge 2nd Filing
Land UseResidential
Legal DescriptionDESERT RIDGE 2ND FILING BLOCK 14 LOT 16 PHASE 5
Census Tract002502
Assessed Land Value$31,313
Assessed Improvement Value$305,707
Assessment Year2025

About this property

STUNNING HOME NESTLED IN THE DESERT RIDGE COMMUNITY, 5 BEDROOMS 2.5 BATHS AND OVER 2150 SQFT. TALL CEILINGS W/ SPACIOUS OPEN FLOORPLAN! SEQUESTERED MASTER! BEAUTIFUL TILE IN MAIN LIVING AREAS! GRAND KITCHEN W/ GRANITE COUNTERTOPS, AMPLE STORAGE! COVERED PATIO AND A LARGE YARD FOR OUTDOOR ENTERTAINING! ***SELLER WILL PAY $6K OF BUYER'S CLOSING COST! ***WILL HAVE CARPETS CLEANED AND PURCHASE NEW PAINT IF BUYER CHOOSES!

Investor Tools

Property Icon
$357,000
Estimated Property Value
$265,974Estimated Mortgage Balance
$91,026Estimated Equity
24% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,220 /month
Positive
Cash Flow Estimate:
$740 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$530/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,571
$337,020
2025
$31,313
$305,707
$337,020
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,571
$337,020

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Amcap Mortgage Ltd
Fha
$251,318
Yes
First
Oct 13, 2022
Nov 2042

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$265,974
$88,026
24%
75%
$1,707/mo

City: Odessa

1620 Palo Duro Dr | Property Details | No Agent List