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$284,000

NAL Estimated Property Value

16503 Texas Palmetto Way, Hockley, TX, 77447

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,819 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$1.07 / sqft
Year BuiltBuilt in 2025

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesWater Heater, Disposal, Gas Oven, Microwave, Gas Range, Dryer, Refrigerator, Washer, Dishwasher
FlooringCarpet, Vinyl

Exterior

Lot Size6,098 sqft

Building Information

Year Built2024
Garage Spaces2

Land Information

APN1480000030025
Lot Number25
Land UseResidential Single Family
Legal DescriptionLT 25 BLK 3 GRAND PRAIRIE HIGHLANDS SEC 8
Census Tract543100
Assessment Year2025

About this property

New Nash Floor Plan from Lennar is a gorgeous one story, all brick home in Hockley's new subdivision The Grand Prairie. Fully equipped with newly installed blinds, bedroom ceiling fans and appliances this home has it all! Two spacious bedrooms with large closets, secondary bath with tile tub surround and linen storage closet sit at the front of the home, and a large primary bedroom with attached bath with extended shower at the back of the home. Fantastic open floor plan with living open to kitchen and breakfast room space. Kitchen has fantastic storage, granite countertops, subway tile backsplash, breakfast bar, 5 burner gas range, fridge and corner pantry. Oversized living opens to breakfast room to perfectly fit your decor. Extended Covered Back patio, spacious yard complete with French Drains. Tankless water heater, sprinkler system, refrigerator, washer and dryer and INTERNET included. Schedule your tour today!

Investor Tools

Property Icon
$284,000
Estimated Property Value
$185,797Estimated Mortgage Balance
$98,203Estimated Equity
34% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,704 /month
Positive
Cash Flow Estimate:
$568 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$118/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
N/A
N/A
2025
N/A
N/A
N/A
No

Tax History

Year
Tax Paid
Assessed Value
2024
N/A
N/A

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Lennar Mortgage Llc
Conventional
$190,000
No
First
Mar 31, 2025
Apr 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$185,797
$98,203
34%
65%
$1,140/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,940/mo
$1,140/mo
+$800/mo
8.2%

City: Hockley

16503 Texas Palmetto Way | Property Details | No Agent List