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B+
NoAgentList RatingHow are grades calculated?Info
Days73Days on Market
Views10view
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$359,950

501 Palmary Dr, El Paso, TX, 79912

$370,099 ARVInfo
On MarketInfo
Beds3 Beds
Baths2 Bath
Baths2,645 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$136.09 / sqft
Year BuiltBuilt in 1977

Property Lead Type:

BankruptcyPre-ForeclosureAbsentee OwnerHigh EquityCash BuyersMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2.5Bathrooms Full 2.5
Indoor FireplaceIndoor Fireplace
Heating Forced Air UnitHeating Forced Air Unit
CoolingCooling
AppliancesWater Heater, Built-In Gas Oven, Cooktop, Dishwasher
FlooringTile, Laminate

Exterior

Exterior FeaturesCourtyard
Lot Size8,927 sqft

Building Information

Year Built1977
Stories1
Roof Type105

Land Information

APNC340-999-0360-0100
Lot Number1
SubdivisionChaparral Park #13
Land UseResidential
Legal Description36 CHAPARRAL PARK #13 LOT 1 (8926.50 SQ FT)
Census Tract001112
Assessed Land Value$50,299
Assessed Improvement Value$261,853
Assessment Year2025

About this property

Welcome to this well-maintained brick home situated on a desirable corner lot, offering 2,227 square feet of comfortable living space and generously sized rooms throughout. The home features four bedrooms, including a converted garage currently being used as the fourth bedroom, providing additional flexibility for a home office, guest room, game room, or extra living space. If preferred, the garage can be converted back to its original use at the buyer's request. Refrigerated air keeps the home comfortable year-round, while the spacious floor plan provides plenty of room for everyday living and entertaining. With its solid brick construction, flexible layout, and convenient corner-lot setting, this home is a great combination of space, functionality, and versatility. OWNER FINANCING available with marginal credit!

Investor Tools

$0Estimated Mortgage Balance
$353,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$370,098
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,160 /month
Positive
Cash Flow Estimate:
$720 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$602/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,454
$312,152
2025
$50,299
$261,853
$312,152
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,454
$312,152

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$356,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,600/mo
N/A
+$1,600/mo
5.4%

Learn About the Market: Opportunity in El Paso

Local Market Pages
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Explore

El Paso

El Paso is one of Texas’ most unique housing markets, combining affordability, military employment, international trade, and a strong regional identity. Located on the U.S.–Mexico border, the city serves as a major center for logistics, healthcare, education, manufacturing, and defense-related industries.

The city’s housing market is supported by the presence of Fort Bliss, one of the largest military installations in the United States. Compared to many other Texas metros, El Paso offers relatively affordable homeownership opportunities while maintaining stable demand from local residents, military personnel, and investors.

Explore Texas Explore This Area
Population Growth

Population Growth

0.6%

Net Migration

Net Migration

Stable

Median Home Price

Median Home Price

$184,500

Unemployment Rate

Unemployment Rate

4.0%

Price Trend

Price Trend

+1.6% YoY

New Permits

New Permits

Dynamic Permit Feed

City: El Paso

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