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Days270Days on Market
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$235,000

305 Larkspur Ln, Palestine, TX, 75803

On MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,712 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$137.27 / sqft
Year BuiltBuilt in 1982

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2

Exterior

Lot Size8,991 sqft

Building Information

Year Built1982

Land Information

APN42723
Lot Number22
SubdivisionMarwalk
Land UseResidential
Legal DescriptionMARWALK LOT 22
Census Tract950600
Assessed Land Value$7,191
Assessed Improvement Value$147,875
Assessment Year2025

About this property

Charming 4BR, 2BA Brick home offers great potential and an ideal location within walking distance of Westwood Schools. Featuring an inviting open concept layout, this home combines comfortable living with practical updates and plenty of space. Luxury vinyl plank flooring was recently installed throughout, giving the home a fresh, modern feel. The kitchen features granite countertops and flows seamlessly into the dining and living areas creating a spacious setting for everyday living and entertaining. A cozy fireplace adds warmth & character to the living space, while the generously sized bedrooms provide comfortable accommodations. Formal living room was most recently used as a 4th BR but is your choice. Step outside to enjoy the fenced backyard, complete with a patio area and metal storage building. The attached 2 car garage provides convenient entry directly into the kitchen, making everyday life a little easier. A larger laundry room and new hot water heater add to the home's functionality. Additional perks include a new roof installed in early 2026 and new central heat and air (CH/A) 2026, this HOME IS READY FOR ITS' NEW OWNER!

Investor Tools

$97,035Estimated Mortgage Balance
$58,604Estimated Equity
37% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,410 /month
Positive
Cash Flow Estimate:
$470 /month

Interested in this property?

Christie Scroggins

Landmark Realty

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$337/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,272
$155,066
2025
$7,191
$147,875
$155,066
No

Tax History

Year
Tax Paid
Assessed Value
2025
$3,272
$155,066

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Austin Bank Texas Na
Commercial
$97,600
No
First
Dec 9, 2025
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$97,035
$58,031
37%
63%
$586/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 Larkspur Ln | Property Details | No Agent List