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$235,000

8912 W State Highway 294, Palestine, TX, 75801

Off MarketInfo
Beds2 Beds
Baths1 Bath
Baths1,027 Sq Ft
FarmFarm
price_per_sqft$272.64 / sqft
Year BuiltBuilt in 1985

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms 1Bathrooms 1
AppliancesElectric Oven, Electric Range, Refrigerator
FlooringVinyl

Exterior

Exterior FeaturesStorage
Lot Size17.40 acres

Building Information

Year Built1985

Land Information

APN827448
SubdivisionSimon Sanches
Land UseResidential
Legal DescriptionA0060 SANCHES, SIMON BLOCK 1140 TRACT 7, 8A & 8B
Census Tract950901
Assessment Year2025

About this property

Nestled just outside the city limits of Palestine, this expansive 17.4-acre property offers the perfect blend of rural tranquility and modern convenience. With ample space for livestock, farming, and outdoor activities, it’s an ideal setting for anyone looking to embrace the country lifestyle. The property is fully fenced and cross-fenced, providing plenty of room for grazing and managing your animals. Multiple outbuildings offer everything you need to store equipment, work on projects, or house your livestock. These include a spacious 3-bay 24 x 30 garage, a 24 x 24 shop with electric, a 16x 70 woodshed shop, and several additional barns for storage or animal shelter. Irrigation lines are installed throughout the property, making it easy to keep everything lush and thriving. A large pond surrounded by mature trees is perfect for outdoor recreation or for your animals to enjoy. The cozy farmhouse-style home complements the property perfectly, offering comfort and charm in an open concept floorplan. Conveniently located just outside of Palestine, Texas, with easy access to both a state highway and a paved county road, this property combines the peace of rural living with accessibility to nearby amenities. Ag exempt is available May 2025. 2016 New Holland Tractor will convey with property with full price offer, contact listing agent or see documents for details. If you’re looking for a versatile property with the space and amenities to support country living, farming, or ranching, this one is a must-see!

Investor Tools

Property Icon
$235,000
Estimated Property Value
$285,778Estimated Mortgage Balance
$0Estimated Equity
-22% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,680 /month
Positive
Cash Flow Estimate:
$560 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$142/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$525
$127,621
2025
N/A
N/A
$274,729
No

Tax History

Year
Tax Paid
Assessed Value
2025
$525
$127,621

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Fairway Independent Mortgage Corp
Fha
$285,778
Yes
First
Feb 24, 2025
Mar 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$279,456
N/A
0%
119%
$1,714/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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8912 W State Highway 294 | Property Details | No Agent List