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$199,688

NAL Estimated Property Value

407 Gay Ave, Palestine, TX, 75801

$255,641 ARVInfo
Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths2,440 Sq Ft
price_per_sqft$49.22 / sqft
Year BuiltBuilt in 1936

Property Lead Type:

Off-Market ListDeal ListARV FlipAbsentee OwnerHigh EquityVacant HomesMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Half 2Bathrooms Half 2
AppliancesElectric Range, Other

Exterior

Exterior FeaturesOther
Lot Size1.07 acres

Building Information

Year Built1936
Garage Spaces2

Land Information

APN33738
Lot Number48
SubdivisionOakdale Drive
Land UseResidential
Legal DescriptionOAKDALE DRIVE BLOCK 1 LOT 48, 50, 52 & TRACT B (TRANSFER ON DEATH)
Census Tract950800
Assessed Land Value$37,440
Assessed Improvement Value$162,248
Assessment Year2025

About this property

Rare Investor Opportunity! Step back in time with this 1930 Tudor-style home, a property overflowing with so much original character and timeless architectural appeal. From the classic brick exterior to the original hardwood floors, this residence is a dream project for those looking to restore a piece of history. Situated on a spacious 1.07-acre lot, the property offers incredible room for expansion, redevelopment, or a high-end renovation. The home is being sold AS-IS and requires updates, including repair to a roof leak in the kitchen area. Cooling is provided by window units, and a gas heater serves the home. All furnishings convey, making this a true "turnkey" restoration project. Bring your vision and unlock the immense potential of this unique, character-filled gem!

Investor Tools

Property Icon
$199,688
Estimated Property Value
$92,683Estimated Mortgage Balance
$107,005Estimated Equity
53% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$255,640
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,198 /month
Positive
Cash Flow Estimate:
$399 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$448/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,375
$199,688
2025
$37,440
$162,248
$199,688
No

Tax History

Year
Tax Paid
Assessed Value
2025
$4,375
$199,688

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Geneva Financial Llc
Conventional
$100,000
No
First
Jun 13, 2022
Jul 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$92,683
$107,005
53%
46%
$600/mo

City: Palestine

407 Gay Ave | Property Details | No Agent List