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$173,000

229 An County Road 385, Palestine, TX, 75801

Off MarketInfo
Beds3 Beds
Baths1,216 Sq Ft
Manufactured HomeManufactured Home
price_per_sqft$156.25 / sqft
Year BuiltBuilt in 2014

Highlights

Interior

Bedrooms 3Bedrooms 3

Exterior

Lot Size1.16 acres

Building Information

Year Built2014

Land Information

APN11084
SubdivisionEli A Bowen
Land UseAgriculture / Farming
Legal DescriptionA0008 BOWEN, ELI A BLOCK 489 TRACT 7 LABEL #NTA1623349
Census Tract950902
Assessed Land Value$18,630
Assessed Improvement Value$59,981
Assessment Year2025

About this property

Ever want to do an investment but didn't know where to start? The opportunity combining both comfort with and an income potential is Here. With its 1.16-acre unrestricted lot and scenic views of Circle R Lake with 2 entrances and round about drive goes to back, and room for a second home with septic in place, whether you’re looking to expand your living space or explore rental options. Being just a few miles outside of town and close to attractions like the Texas State Railroad park is an added bonus; The 3-bedroom, 2-bath layout with an open concept is perfect for modern living. The inviting covered front porch presents a perfect spot to relax and enjoy the beautiful surroundings. it balances tranquility with convenience. This property is truly a must see for anyone looking for a new home or investment opportunity. Don’t hesitate to reach out for a viewing; it may not last long.

Investor Tools

Property Icon
$173,000
Estimated Property Value
$24,000Estimated Mortgage Balance
$149,899Estimated Equity
86% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,140 /month
Positive
Cash Flow Estimate:
$380 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$155/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$990
$78,611
2025
$18,630
$59,981
$78,611
No

Tax History

Year
Tax Paid
Assessed Value
2025
$990
$78,611

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Austin Bank
Open End Mortgage / Open End With Future Advance Clause
$24,000
No
First
Apr 5, 2024
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$23,101
$149,899
86%
13%
$144/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.

Explore Texas Explore This Area
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: Palestine

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