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Days300Days on Market
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$109,900

409 W Point Tap Rd, Palestine, TX, 75803

$142,870 ARVInfo
On MarketInfo
Beds3 Beds
Baths1,657 Sq Ft
price_per_sqft$66.32 / sqft
Year BuiltBuilt in 1954

Property Lead Type:

BankruptcyPre-ForeclosureMust-SellDeal ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Half 2Bathrooms Half 2
AppliancesDishwasher
FlooringLaminate

Exterior

Lot Size14,401 sqft

Building Information

Year Built1954
Garage Spaces2

Land Information

APN33226
Lot Number3R
SubdivisionMoser, J L (Cowart)
Land UseResidential
Legal DescriptionMOSER, J L (COWART) BLOCK 3 LOT 3R
Census Tract950600
Assessed Land Value$7,200
Assessed Improvement Value$174,466
Assessment Year2025

About this property

BANK OWNED Investment Opportunity! Wood frame 3-BR, 2-BA home in Westwood ISD sits on a fenced in corner lot and features two spacious living areas, offering plenty of room to spread out. The kitchen/dining combo boasts gas cooking and ample wood cabinetry for storage. Step outside to a large, fenced backyard—ideal for pets, play, or your future storage unit or workshop. A double attached garage with entry off Lake Drive adds convenience.

Investor Tools

$88,685Estimated Mortgage Balance
$92,981Estimated Equity
51% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$142,870
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,090 /month
Positive
Cash Flow Estimate:
$363 /month

Interested in this property?

Christie Scroggins

Landmark Realty

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$395/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,833
$181,666
2025
$7,200
$174,466
$181,666
No

Tax History

Year
Tax Paid
Assessed Value
2025
$3,833
$181,666

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Prosperity Bank
Conventional
$94,500
No
First
Dec 13, 2022
Jan 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$88,685
$92,981
51%
49%
$567/mo

Learn About the Market: Opportunity in Texas

Local Market Pages
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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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