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$229,900

27865 S PALM COURT DR., HARLINGEN, TX, 78552

On MarketInfo
Just AddedInfo
Beds1 Beds
Baths Bath
Baths723 Sq Ft

Highlights

Interior

Bedrooms 1Bedrooms 1
Bathrooms —Bathrooms —
Garage AvailableGarage Available

Exterior

Lot Size5.51 acres

Building Information

Year Built1935
Stories1
Roof Type114
Garage Spaces4

Land Information

APN97-1080-0120-0200-00
SubdivisionF Z Bishop Subdivision Survey 39
Land UseResidential
Legal DescriptionBISHOP SUBDIVISION SURVEY 39 5.508 ACS OF BLK 12 TRACT 20
Census Tract012002
Assessed Land Value$178,406
Assessed Improvement Value$32,950
Assessment Year2025

About this property

Take advantage of this 5.5-acre property located just outside the Harlingen city limits. With plenty of space and utilities already available, this tract offers a variety of possibilities, from building your dream home to future residential development or subdivision. The property currently has two small frame homes, which will need to be removed by the buyer. The property is being offered for land value only, and the current structures are not included in the value. Water and electricity are available, making this an attractive opportunity for those looking to develop or invest in an area with room for growth. Whether you're looking for acreage to build on or a property with future development potential, this tract is worth taking a look at.

Investor Tools

$24,454Estimated Mortgage Balance
$184,179Estimated Equity
88% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,379 /month
Positive
Cash Flow Estimate:
$460 /month

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GLENDA DE LEON

Keller Williams Heritage

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$368/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,372
$208,633
2025
$178,406
$32,950
$211,356
No

Tax History

Year
Tax Paid
Assessed Value
2025
$3,372
$208,633

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
La Cuesta Partners Ltd
Purchase Money Mortgage
$28,800
No
First
Mar 19, 2019
Mar 2034

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$24,454
$184,179
88%
12%
$173/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$780/mo
$173/mo
+$607/mo
4.5%

City: HARLINGEN

27865 S PALM COURT DR. | Property Details | No Agent List