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A+
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$505,246

801 E Park Ave, Palestine, TX, 75801

Off MarketInfo
Beds4 Beds
Baths5 Bath
Baths4,605 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$64.93 / sqft
Year BuiltBuilt in 1940

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 5Bathrooms Full 5
AppliancesDishwasher, Refrigerator, Microwave, Gas Range
FlooringTile, Wood

Exterior

Private PoolPrivate Pool
Lot Size14,749 sqft

Land Information

APN32695
Lot Number1,2
SubdivisionMicheaux Park
Land UseResidential
Legal DescriptionMICHEAUX PARK BLOCK 17 LOT 1, 2 & TR A
Census Tract950800
Assessed Land Value$11,800
Assessed Improvement Value$493,446
Assessment Year2025

About this property

Unmatched Elegance in this remodeled 4605 sqft historic corner lot w/ circle drive. Nothing is left undone in this rare 5 bedroom, 4 bath, with all of the elegance and upgrades that one could expect from a luxury home. Natural hardwood flooring, two gas fireplaces, formal living and dining, gourmet kitchen w/center island and eat in breakfast area.There is tons of Cabinetry and Counter Space for the Chef in the Family. Entire home has beautiful moldings and even a media room. Split arrangement. Gameroom is very large/w a wet bar. Backyard retreat with custom designed pool & hot tub/spa w/waterfall and tiled covered patio; its Extraordinary for Entertaining or Enjoying! This Home is a Must See with Too Many Amenities to List!

Investor Tools

Property Icon
$505,246
Estimated Property Value
$239,112Estimated Mortgage Balance
$295,876Estimated Equity
53% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,031 /month
Positive
Cash Flow Estimate:
$1,010 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$939/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$8,748
$505,246
2025
$11,800
$493,446
$505,246
No

Tax History

Year
Tax Paid
Assessed Value
2025
$8,748
$505,246

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Commercial Bank Of Texas Na
Fha
$239,112
Yes
First
Jan 30, 2020
Feb 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$209,370
$295,876
58%
41%
$1,434/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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801 E Park Ave | Property Details | No Agent List