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$299,999

241 Poinsetta Dr, Palmer, TX, 75152

$322,274 ARVInfo
On MarketInfo
Just AddedInfo
Beds3 Beds
Baths2 Bath
Baths1,635 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$183.49 / sqft
Year BuiltBuilt in 2024

Property Lead Type:

BankruptcyPre-ForeclosureAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2.5Bathrooms Full 2.5
Garage AvailableGarage Available
Heating CentralHeating Central
AppliancesDishwasher, Electric Range, Disposal, Microwave
FlooringCarpet, Tile, Vinyl

Exterior

Lot Size8,189 sqft

Building Information

Year Built2024
Stories1
Roof Type105
Garage Spaces2

Land Information

APN65.6690.911.011.00.110
Lot Number11
SubdivisionThe Meadows Of Palmer Ph 5 Sec 1
Land UseResidential
Legal DescriptionLOT 11 BLK K THE MEADOWS OF PALMER PH 5 SEC 1 0.188 AC
Census Tract060105
Assessed Land Value$45,000
Assessed Improvement Value$263,827
Assessment Year2026

About this property

If you've been waiting for a great deal to jump in, this is it. This home is priced below Ellis County tax assessment with seller credits comparable to new construction incentives to help buy down your rate or cover closing costs with an acceptable offer. Upgraded finishes give this 2024 home a polished feel you do not see at this price point. Immaculate and move-in ready, 241 Poinsetta Dr in the Meadows of Palmer offers single-story living with 3 bedrooms, 2 full baths, a separate office with French doors, 1,635 sq ft and a 2-car garage. An open layout brings the kitchen, dining and living spaces together, with an electric fireplace ready to set the mood. The kitchen features granite countertops, an island, stainless steel appliances, a walk-in pantry and a custom herringbone tile backsplash with under-cabinet lighting. Set apart from the other bedrooms for privacy, the primary suite includes a walk-in shower, double vanity, walk-in closet and separate soaking tub for unwinding at the end of the day. Enjoy a generous backyard, nearby schools and quick access to I-45. Some photos virtually staged.

Investor Tools

$255,609Estimated Mortgage Balance
$71,391Estimated Equity
21% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$322,274
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,962 /month
Positive
Cash Flow Estimate:
$654 /month

Interested in this property?

Joe Iley

Mission Real Estate Group

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$680/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,525
$308,827
2026
$45,000
$263,827
$308,827
No

Tax History

Year
Tax Paid
Assessed Value
2025
$6,525
$308,827

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Guild Mortgage Co
Fha
$265,567
Yes
First
Sep 19, 2024
Oct 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$255,609
$71,391
21%
78%
$1,593/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,020/mo
$1,593/mo
+$427/mo
7.4%

City: Palmer

241 Poinsetta Dr | Property Details | No Agent List