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$345,213

2028 Peace Dr, LA FERIA, TX, 78559

Off MarketInfo
Beds4 Beds
Baths0 Bath
Baths1,666 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$151.3 / sqft
Year BuiltBuilt in 2024

Property Lead Type:

Off-Market ListAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms 0Bathrooms 0
Garage AvailableGarage Available

Exterior

Lot Size7,976 sqft

Building Information

Year Built2024
Stories1
Garage Spaces2

Land Information

APN85-5367-0000-0380-00
Lot Number38
SubdivisionMoriah Palms
Land UseReal Property Single Family
Legal DescriptionMORIAH PALMS LOT 38 (2023 PLAT C1-4473 CCMR FILED 09/16/2022)
Census Tract011908
Assessed Land Value$41,480
Assessed Improvement Value$303,733
Assessment Year2025

About this property

Situated just minutes away from Expressway 83, this residential lot offers a prime location in a brand new subdivision. Conveniently located near the La Feria Reservoir, restaurants, La Feria Nature Center, CE Vail Elementary School, Our Lady of the Lake University, the La Feria City Office, David Sanchez Elementary, and more. This residential lot is your blank canvas, awaiting the creation of your dream home! Subdivision Restrictions: 1,300 sq. ft. minimum; 80% Brick Veneer or Stucco only cement siding for 15% such as Farm House etc. Sidewalks required during construction, Architectural Committee by Zarate Homes & Designs, 3 inch Tree, Utilities Underground AEP, Spectrum, Water & Sewer City of La Feria, 2 car garage. (Survey/Plat uploaded on Docs)

Investor Tools

Property Icon
$345,213
Estimated Property Value
$270,019Estimated Mortgage Balance
$79,949Estimated Equity
22% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,071 /month
Positive
Cash Flow Estimate:
$690 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$833/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$8,274
$345,213
2025
$41,480
$303,733
$345,213
No

Tax History

Year
Tax Paid
Assessed Value
2025
$8,274
$345,213

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Primis Mortgage Co
Fha
$270,019
Yes
First
Apr 29, 2025
May 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$265,264
$79,949
23%
77%
$1,619/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.

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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: LA FERIA

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