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$315,000

244 Palomino Dr, Saginaw, TX, 76179

On MarketInfo
Just AddedInfo
Beds3 Beds
Baths2 Bath
Baths2,480 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$127.02 / sqft
Year BuiltBuilt in 1966

Property Lead Type:

BankruptcyPre-ForeclosureAbsentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Electric Oven, Gas Range, Gas Water Heater, Microwave, Double Oven, Vented Exhaust Fan
FlooringCarpet, Ceramic Tile, Vinyl

Exterior

Exterior FeaturesAwning(s), Fire Pit, Rain Gutters, Private Yard, Storage
Lot Size9,174 sqft

Building Information

Year Built1966
Stories2
Garage Spaces2

Land Information

APN33470-14-32
Lot Number32
SubdivisionRancho North Addition
Land UseResidential
Legal DescriptionRANCHO NORTH ADDITION BLOCK 14 LOT 32
Census Tract114006
Assessed Land Value$55,000
Assessed Improvement Value$173,230
Assessment Year2025

About this property

Thoughtfully renovated and full of flexible space, this distinctive 3-bedroom, 2-bath home offers two generous living areas and a showstopping family room with dramatic vaulted beamed ceilings, a statement brick fireplace, built-ins and an entertainment wall. The primary retreat features an updated en suite bath, expansive custom walk-in closet, separate dressing vanity and cozy sitting alcove. Fresh flooring flows throughout, while the bright kitchen offers abundant cabinetry, double ovens, gas cooking and a breakfast bar. Modern conveniences include Cat5 wiring in every bedroom, a smart thermostat with sensors, an approximately two-year-old HVAC system and added attic insulation. The thoughtfully converted garage adds a dedicated office, oversized laundry room and useful workshop and storage spaces, while the expansive driveway easily parks up to six vehicles. Outside, an expansive covered patio and spacious entertainment deck set the stage, while the large fenced yard, updated siding and separate climate-controlled outbuilding with electricity add even more value. The perfect space to live, work, create and entertain!

Investor Tools

$67,445Estimated Mortgage Balance
$181,555Estimated Equity
72% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,890 /month
Positive
Cash Flow Estimate:
$630 /month

Interested in this property?

Chelsey Hooton

The Brokerage Residential LLC

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$530/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,110
$228,230
2025
$55,000
$173,230
$228,230
No

Tax History

Year
Tax Paid
Assessed Value
2025
$5,110
$228,230

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Primesource Mortgage Inc
Fha
$93,038
Yes
First
Apr 15, 2014
May 2044

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$67,445
$181,555
72%
27%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,710/mo
N/A
+$2,710/mo
13.1%

Learn About the Market: Opportunity in Texas

Local Market Pages
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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: Saginaw

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