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$84,000

NAL Estimated Property Value

501 Variah St, Palestine, TX, 75803

Off MarketInfo
Beds2 Beds
Baths1 Bath
Baths868 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$86.41 / sqft
Year BuiltBuilt in 1925

Property Lead Type:

BankruptcyPre-ForeclosureOff-Market ListAbsentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 1Bathrooms Full 1
AppliancesDishwasher, Disposal, Electric Range, Microwave
FlooringCarpet, Ceramic Tile, Laminate

Exterior

Lot Size10,163 sqft

Building Information

Year Built1900

Land Information

APN36308
Lot Number17
SubdivisionWashington Heights
Land UseResidential
Legal DescriptionWASHINGTON HEIGHTS LOT 17
Census Tract950600
Assessed Land Value$5,082
Assessed Improvement Value$73,978
Assessment Year2025

About this property

OWNER FINANCE AVAILABLE! Welcome to 501 Variah St, a beautifully rehabbed 2 bedroom, 1 bathroom house in Palestine, TX. This charming home is situated on a spacious lot and features laminate wood look floors and all new appliances. Step inside and you'll be greeted by a cozy living area and a modern kitchen. The two bedrooms are both a good size and share a beautifully updated bathroom. Don't miss the opportunity to see this adorable house in person - schedule a showing today!

Investor Tools

Property Icon
$84,000
Estimated Property Value
$3,754Estimated Mortgage Balance
$80,246Estimated Equity
95% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$504 /month
Positive
Cash Flow Estimate:
$168 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$179/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,732
$79,060
2025
$5,082
$73,978
$79,060
No

Tax History

Year
Tax Paid
Assessed Value
2025
$1,732
$79,060

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Click N Close Inc
Stand Alone Second / Subordinate Position
$3,900
No
First
Apr 29, 2024
May 2034

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$3,754
$80,246
95%
4%
$24/mo

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.

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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501 Variah St | Property Details | No Agent List