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$361,000

1802 S Parkwood Dr, HARLINGEN, TX, 78550

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths3,364 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$56.45 / sqft
Year BuiltBuilt in 1955

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling

Exterior

Private PoolPrivate Pool
Lot Size16,139 sqft

Building Information

Year Built1955
Stories1
Roof Type105
Garage Spaces2

Land Information

APN19-7510-0000-0130-00
Lot Number13
SubdivisionLaurel Park Subdivision 1
Land UseResidential
Legal DescriptionHARLINGEN - LAUREL PARK-1 LOT 13
Census Tract011301
Assessed Land Value$104,091
Assessed Improvement Value$324,395
Assessment Year2025

About this property

Fantastic 4/3/2 home in the quite established Parkwood neighborhood. Nestled on the banks of the Arroyo with panoramic view of the water and lush valley landscape, this home is a true paradise of natural foliage and tropical birds in the heart of Harlingen. This home was designed by the Famous Architects John G. York and Alan Taniguchito and it shows in every architectural detail, from an open floor plan and amazing bedroom ceiling designs to the windows that let in an abundance of natural light and allow for sweeping views of the outdoors. This beautiful well maintained home features a 4/3/2 main house with a spacious 1/1 guest/mother-in-law house or could be an income producing rental. Bedrooms are very spacious and the master bedroom features a seperate office and work out area.

Investor Tools

Property Icon
$361,000
Estimated Property Value
$188,522Estimated Mortgage Balance
$209,930Estimated Equity
48% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,166 /month
Positive
Cash Flow Estimate:
$722 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$487/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,034
$274,782
2025
$104,091
$324,395
$428,486
No

Tax History

Year
Tax Paid
Assessed Value
2025
$4,034
$274,782

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Southwest Funding Lp
Fha
$188,522
Yes
First
Jul 23, 2015
Aug 2045

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$151,070
$209,930
58%
42%
$1,174/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,330/mo
$1,174/mo
+$156/mo
4.4%

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.

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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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1802 S Parkwood Dr | Property Details | No Agent List