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A+
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Days556Days on Market
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$355,000

23378 State Highway 35 S, Palacios, TX, 77465

On MarketInfo
Beds2 Beds
Baths1 Bath
Baths2,769 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$128.21 / sqft
Year BuiltBuilt in 1977

Property Lead Type:

Off-Market ListMust-SellAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 1Bathrooms Full 1

Exterior

Lot Size8 acres

Building Information

Year Built1977

Land Information

APN21753
SubdivisionS Perkins Tx Rice Dev S/D
Land UseResidential
Legal DescriptionS PERKINS TX RICE DEV S/D AB 371 PART TR 23 8 AC NE 1/4 SEC 23
Census Tract730600
Assessed Land Value$75,200
Assessed Improvement Value$85,490
Assessment Year2025

About this property

Opportunity awaits with this 1903 farmhouse situated on approximately 8 beautiful acres. This 2-bedroom, 1-bath home is ready for restoration and needs significant repairs, making it an ideal project for someone with a vision to bring this charming farmhouse back to life. The property is the true highlight, featuring mature pecan trees, a pear orchard, several barns, and plenty of room to enjoy country living. Original hardwood floors remain in the home, offering a glimpse of its historic character and potential. Whether you’re looking to renovate, build your dream home, or invest in a beautiful piece of acreage, this property offers endless possibilities in a peaceful country setting.

Investor Tools

$0Estimated Mortgage Balance
$391,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,346 /month
Positive
Cash Flow Estimate:
$782 /month

Interested in this property?

Kayanne Crain

Bill Bell Realty

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$210/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$565
$160,690
2025
$75,200
$85,490
$160,690
No

Tax History

Year
Tax Paid
Assessed Value
2025
$565
$160,690

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$391,000
100%
0%
$0/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: Palacios

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23378 State Highway 35 S | Property Details | No Agent List