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$160,000

301 Choice Dr, Palmer, TX, 75152

PendingInfo
Beds2 Beds
Baths1 Bath
Baths960 Sq Ft
Unimproved LandUnimproved Land
Year BuiltBuilt in 2022

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 1Bathrooms Full 1

Exterior

Lot Size27,181 sqft

Building Information

Year Built2022
Stories1
Roof Type112

Land Information

APN00.2227.902.014.00.105
Lot Number14
SubdivisionAmericas Choice Village Ph 3
Land UseResidential
Legal DescriptionLOT 14 BLK B AMERICAS CHOICE VILLAGE PH 3 0.624 AC
Census Tract060106
Assessed Land Value$75,000
Assessed Improvement Value$23,007
Assessment Year2025

About this property

Build your dream home or bring your mobile home to this 0.624- acre property in Palmer Tx. This property offers NO HOA. A 1,000 Sqft unfinished structure is already in place on a slab foundation, providing a great head start for storage, a workshop, or future improvements. The property has access to electricity and water, and an approved septic permit is already in place (septic system still needed). Approved house plans are available and can be conveyed with the property, saving valuable time and money for the next owner. Enjoy country living convenient access to I-45, Waxahachie, Ennis and the DFW Metroplex. With utilities available, approved house plans, and a septic permit already in place, this property is well-positioned for your future homesite or investment opportunity.

Investor Tools

$0Estimated Mortgage Balance
$158,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$960 /month
Positive
Cash Flow Estimate:
$320 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$175/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,307
$98,007
2025
$75,000
$23,007
$98,007
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,307
$98,007

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$236,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,600/mo
N/A
+$1,600/mo
12.2%

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.

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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: Palmer

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301 Choice Dr | Property Details | No Agent List