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$475,000

NAL Estimated Property Value

305 Meandering Way, Palmer, TX, 75152

Off MarketInfo
Beds4 Beds
Baths2 Bath
Baths2,468 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$202.55 / sqft
Year BuiltBuilt in 1997

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Range, Electric Water Heater, Double Oven
FlooringCarpet, Ceramic Tile

Exterior

Private PoolPrivate Pool
Exterior FeaturesFire Pit, Lighting, Storage, Garden
Lot Size26,180 sqft

Building Information

Year Built1997
Stories1
Roof Type105
Garage Spaces5

Land Information

APN00.7380.003.007.00.105
Lot Number7
SubdivisionPecan Hollow Est
Land UseResidential
Legal DescriptionLOT 7 BLK 3 PECAN HOLLOW EST .601 AC
Census Tract060218
Assessed Land Value$75,000
Assessed Improvement Value$383,908
Assessment Year2025

About this property

Motivated seller! Around the corner from Rockett Cafe & 10 minutes from Waxahachie! Peaceful & serene! So much to love about this 4 bed, 2 bath home w office! 2 car garage & 2 custom carports, w steel electric gate to protect all your toys! Home has been meticulously taken care of & seller has documented it all! Rustic charm throughout! Granite in kitchen. Decorative lighting throughout. Large walk in closet in master. AMAZING backyard! Glass enclosed patio has climate control & decorative lighting. Custom 24x22 brick & wrought iron cabana built w WBFP w crane for outdoor cooking & AN ENDLESS CURRENT POOL w built in treadmill & 2 seats to enjoy as a spa! 1st carport has 13x7 storage room, and 2nd carport has 23x9 mancave w rolling metal door. 30x14 workshop w electric for storage or a quiet retreat! 5 ft stone firepit invites you to enjoy the extensively designed backyard w over 200 native drought resistant cacti & plants. Don't forget the 8x10 storm shelter and WHOLE HOME GENERATOR!

Investor Tools

Property Icon
$475,000
Estimated Property Value
$490,804Estimated Mortgage Balance
$475,000Estimated Equity
0% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,999 /month
Positive
Cash Flow Estimate:
$1,000 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$478/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,359
$458,908
2025
$75,000
$383,908
$458,908
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,359
$458,908

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Swift Home Loans Inc
Va
$497,339
Yes
First
Aug 23, 2025
Sep 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$490,804
N/A
0%
103%
$2,982/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,630/mo
$2,982/mo
$-352/mo
6.6%

City: Palmer

305 Meandering Way | Property Details | No Agent List