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$75,000

NAL Estimated Property Value

600 E Palmera Dr, LA FERIA, TX, 78559

Off MarketInfo
Beds2 Beds
Baths840 Sq Ft
price_per_sqft$77.38 / sqft
Year BuiltBuilt in 1978

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Half 2Bathrooms Half 2
Heating CentralHeating Central
CoolingCooling
AppliancesDryer, Washer
FlooringLaminate

Building Information

Year Built1978
Stories1
Roof Type114

Land Information

APN85-7020-0020-0280-01
Lot Number28
SubdivisionPalmera Heights Subdivision Unit 2 Mh Pk
Land UseResidential
Legal DescriptionABST 10- PALMERA HEIGHTS-2 LOT 28 BLOCK 2 BLDG ONLY
Census Tract011907
Assessed Improvement Value$23,448
Assessment Year2025

About this property

Opportunity in the 55+ community of Palmera Heights! Situated on a spacious lot with beautiful mature trees and a large yard, this property offers peaceful surroundings and great potential. The vintage manufactured home is furnished and features 2 bedrooms and 2 baths with a split-bedroom layout, carport, and storage sheds. The home does show its age and will need updates and repairs, making this a great option for buyers looking for a project, investment, or primarily seeking the land and outdoor space. Enjoy relaxing evenings under the shade trees and gentle breezes this property provides. The lot remained HIGH and DRY during the March '25 flash flood. Located within a 55+ community offering a quiet and welcoming environment.

Investor Tools

Property Icon
$75,000
Estimated Property Value
$0Estimated Mortgage Balance
$75,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$450 /month
Positive
Cash Flow Estimate:
$150 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$75/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$525
$23,448
2025
N/A
$23,448
$23,448
No

Tax History

Year
Tax Paid
Assessed Value
2025
$525
$23,448

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$75,000
100%
0%
$0/mo

Learn About the Market: Opportunity in Texas

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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: LA FERIA

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600 E Palmera Dr | Property Details | No Agent List