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$651,833

601 Hodges St., Palestine, TX, 75801

Off MarketInfo
Beds7 Beds
Baths5 Bath
Baths6,465 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$100.54 / sqft
Year BuiltBuilt in 1911

Property Lead Type:

Off-Market ListHigh EquityCash Buyers

Highlights

Interior

Bedrooms 7Bedrooms 7
Bathrooms 4.5Bathrooms 4.5
AppliancesDishwasher, Double Oven, Electric Oven, Gas Water Heater
FlooringHardwood

Exterior

Exterior FeaturesBalcony
Lot Size3.30 acres

Building Information

Year Built1911
Garage Spaces3

Land Information

APN18261
SubdivisionSamuel G Wells
Land UseResidential
Legal DescriptionA0065 WELLS, SAMUEL G BLOCK 867 TRACT 6
Census Tract950500
Assessed Land Value$50,266
Assessed Improvement Value$601,567
Assessment Year2025

About this property

An impeccable example of the grandeur of historical homes of the South is now for sale in historic Palestine Texas! This exceptional residence was built in 1911 for A.B. Hodges, a retail merchant, with J. F. Brook as the architect. Subsequently it was the home of Mr. and Mrs. Hugh Sullivan, who named the property "Elmwood", and in 1979 it became the cherished home of Mr. and Mrs. James C. Boone and family. A generous wrap around porch, massive classical columns and a two story pedimented portico grace the Greek Revival style home, with equally significant interior features. Upon entering you will be amazed by the beauty of the grand entry hall with carved staircase, extensive solid wood crown molding, soaring coffered ceilings, wood floors, elegant light fixtures, leaded glass transoms, and floor to ceiling windows. With 7 bedrooms and 4.5 baths plus 3 living areas, a dining area that welcomes dining tables seating 12 +, a large kitchen & breakfast area, 4 wood burning fireplaces and so much more, this home has the craftsmanship and quality of materials that are no longer available for new homes. This majestic estate is located on 3.22 wooded and landscaped acres in the hills and trees of East Texas.

Investor Tools

Property Icon
$651,833
Estimated Property Value
$0Estimated Mortgage Balance
$651,833Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,911 /month
Positive
Cash Flow Estimate:
$1,304 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,321/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$12,598
$651,833
2025
$50,266
$601,567
$651,833
No

Tax History

Year
Tax Paid
Assessed Value
2025
$12,598
$651,833

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$651,833
100%
0%
$0/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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601 Hodges St. | Property Details | No Agent List