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$142,000

305 6th Street, Palestine, TX, 75803

Off MarketInfo
Beds2 Beds
Baths1 Bath
Baths990 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$160.2 / sqft
Year BuiltBuilt in 1957

Property Lead Type:

Off-Market ListHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms 1Bathrooms 1
AppliancesGas Range, Refrigerator
FlooringVinyl, Wood

Exterior

Lot Size11,252 sqft

Building Information

Year Built1957
Garage Spaces1

Land Information

APN32412
Lot Number7
SubdivisionLipseys Addition
Land UseResidential
Legal DescriptionLIPSEY BLOCK 24 LOT 7
Census Tract950600
Assessed Land Value$9,000
Assessed Improvement Value$132,186
Assessment Year2025

About this property

Cute, newly remodeled 2 bed 1 bath home with attached one car garage in the Westwood school district. Home is 990 sq ft of living space and a roughly 300 sq ft garage that could easily be turned into a third bedroom. It sits in a quiet neighborhood on a .26 acre lot near Highway 79 and Loop 256. Home features new stainless steel appliances and sink, beautiful wood countertops and subway tile backsplash in the kitchen. Fresh paint throughout, beautifully restored original hardwood floors in living areas and new luxury vinyl tile in bath and kitchen. New vanity and sink, toilet and tub surround in bathroom. Home currently has a whole house furnace for heat and window units for cooling but current owner will install new central heat and air. Good sized bedrooms with ample closet and storage space throughout. Roof is in good shape and is approximately 13 years old. Come see all this beautiful home has to offer!

Investor Tools

Property Icon
$142,000
Estimated Property Value
$0Estimated Mortgage Balance
$16,874Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$952 /month
Positive
Cash Flow Estimate:
$317 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$148/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,063
$141,186
2025
$9,000
$132,186
$141,186
No

Tax History

Year
Tax Paid
Assessed Value
2025
$1,063
$141,186

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Cardinal Financial Company Lp
Fha
$134,518
Yes
First
Aug 30, 2022
Sep 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$125,126
$16,874
11%
88%
$807/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: Palestine

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305 6th Street | Property Details | No Agent List