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$175,000

21310 Fm 508, Harlingen, TX, 78550

PendingInfo
Beds3 Beds
Baths2 Bath
Baths1,874 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$93.38 / sqft
Year BuiltBuilt in 1994

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Half 2Bathrooms Half 2
Heating CentralHeating Central
CoolingCooling
FlooringOther

Exterior

Private PoolPrivate Pool
Exterior FeaturesStorage
Lot Size4.74 acres

Building Information

Year Built1994
Stories1
Roof Type105

Land Information

APN98-7390-0000-0010-00
Lot Number1
Subdivision508 Country Estates
Land UseResidential
Legal Description508 COUNTRY ESTATES, LOT 1, ACRES 4.739
Census Tract010205
Assessed Land Value$177,392
Assessed Improvement Value$127,939
Assessment Year2025

About this property

4.74 acres along FM 508 in Harlingen, this property offers a rare opportunity for buyers seeking space, privacy, and potential in a growing area of Cameron County. The property features a 3 bedroom home with approximately 1,874 square feet of living space, originally built in 1994, and sits on a spacious tract that provides room to expand, develop, or simply enjoy country style living with convenient access to town. While the home will require updates and repairs, the true value lies in the acreage, location, and flexibility this property provides. With nearly five acres of land, there is ample room for additional structures, equipment storage, animals, or recreational use. Buyers with vision will appreciate the chance to renovate the existing home or reimagine the property entirely to suit their needs. The interior offers a functional layout with generous room sizes, multiple living spaces, and plenty of natural light. With the right improvements, this home has the potential to become a comfortable rural retreat or an investment property with significant upside. Properties with this amount of land in the Harlingen area are increasingly difficult to find, especially along a well-traveled farm to market road that provides easy access to nearby amenities, shopping, schools, and major routes. Whether you're looking for a fix-and-hold investment, a renovation project, or a homesite with acreage, this property presents a unique opportunity to secure land and build equity over time. If you’ve been searching for room to spread out and the freedom that comes with acreage, this property is ready for its next chapter. Bring your ideas and make the most of the potential this South Texas property has to offer.

Investor Tools

$82,615Estimated Mortgage Balance
$90,764Estimated Equity
52% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,050 /month
Positive
Cash Flow Estimate:
$350 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$192/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,439
$162,812
2025
$177,392
$127,939
$305,331
No

Tax History

Year
Tax Paid
Assessed Value
2025
$1,439
$162,812

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Travelers Bank & Trust Fsb
Credit Line (Revolving) / Heloc
$66,577
No
First
N/A
Sep 2020

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$82,615
$90,385
52%
48%
$584/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,180/mo
$584/mo
+$596/mo
8.2%

Learn About the Market: Opportunity in Texas

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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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21310 Fm 508 | Property Details | No Agent List