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B+
NoAgentList RatingHow are grades calculated? Info

$544,599

366 Oates Rd, Palmer, TX, 75152

Off MarketInfo
Beds4 Beds
Baths2 Bath
Baths2,242 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$231.45 / sqft
Year BuiltBuilt in 1970

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
AppliancesDishwasher, Electric Cooktop, Electric Oven, Convection Oven, Double Oven, Refrigerator
FlooringConcrete, Laminate, Vinyl

Exterior

Lot Size2.92 acres

Building Information

Year Built1970
Stories1
Roof Type105
Garage Spaces2

Land Information

APN99.0003.904.007.01.110
SubdivisionR-Pena
Land UseResidential
Legal Description3 R-PENA 2.922 AC
Census Tract060105
Assessed Land Value$175,000
Assessed Improvement Value$369,599
Assessment Year2025

About this property

SELLERS HAVE FOUND THEIR NEXT HOME!! **Sprawling Mini- Ranchette on Nearly 3 Acres: Main House, Guest Quarters, and Barn** Nestled on almost 3 acres of serene Palmer, Texas countryside, this property offers a harmonious blend of space, comfort, and versatility. The main house boasts 2292 sqft with 4 bedrooms and 2 full bathrooms. The updated kitchen features a smart double oven, 11 ft island, perfect for entertaining and gourmet cooking. Additionally, there's a detached mother-in-law home with **900 sqft, complete with a full kitchen, a comfortable bedroom, and a well-appointed bathroom built in 2022. Outdoor amenities include a 40x80 barn equipped with water and electricity, 12 new 19,000 lumen LED lights - bright even in daylight hours! This barn ideal for hobbyists, equestrians, or storage needs. Discover the freedom of country living and envision the possibilities! Just 0.5 mile from I-45, this property is perfect for any commute! Property is completely fenced and cross fenced!

Investor Tools

Property Icon
$544,599
Estimated Property Value
$426,800Estimated Mortgage Balance
$129,840Estimated Equity
22% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,268 /month
Positive
Cash Flow Estimate:
$1,089 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$890/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
N/A
$544,599
2025
$175,000
$369,599
$544,599
No

Tax History

Year
Tax Paid
Assessed Value
2024
N/A
$544,599

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Surepath Lending Llc
Conventional
$426,800
No
First
Oct 4, 2024
Nov 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$414,759
$129,840
23%
76%
$2,559/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,630/mo
$2,559/mo
+$71/mo
5.8%

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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366 Oates Rd | Property Details | No Agent List