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$375,000

7228 Fm 879, Palmer, TX, 75152

$487,500 ARVInfo
On MarketInfo
Just AddedInfo
Beds3 Beds
Baths2 Bath
Baths1,815 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$206.61 / sqft
Year BuiltBuilt in 1972

Property Lead Type:

ARV FlipAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Electric Range, Electric Water Heater, Disposal, Microwave, Refrigerator, Vented Exhaust Fan
FlooringCarpet, Laminate, Vinyl

Exterior

Exterior FeaturesRain Gutters
Lot Size1.90 acres

Building Information

Year Built1972
Stories1
Roof Type105
Garage Spaces2

Land Information

APN99.0003.000.165.00.103
SubdivisionR Pena
Land UseResidential
Legal Description3 R PENA, 1.8981 ACRES
Census Tract061700
Assessed Land Value$150,000
Assessed Improvement Value$214,522
Assessment Year2026

About this property

A LITTLE BIT COUNTRY WITH A WHOLE LOT OF CHARM! Welcome home to this beautiful 4-bedroom, 2-bath property nestled on nearly 2 acres, offering the perfect blend of country living and modern comfort. The location on this one is supreme! Not only is this property situated outside of city limits for added freedom and property tax savings, it is even on the Blue Bonnet Trail for scenic views you will simply fall in love with. Convenience also abounds due to being close to I-45 for quick and easy access all over the metroplex. You can be in downtown Dallas in less than 30 minutes! The home itself features quartz countertops and recently replaced kitchen cabinets (both installed in 2023), a formal dining room that can work perfectly for that home office, and a versatile fourth bedroom that can work great as a flex room to meet your needs. Recent updates include fresh paint in the living space, new flooring laid throughout much of the common spaces in the home, and the fireplace re-tiled to make it a true standout focal point. Outside, enjoy the expansive backyard shaded by gorgeous mature trees, a roomy patio perfect for relaxing or entertaining, and a fully fenced yard that is already equipped with multiple front gates for added security. An oversized two-car garage and large driveway provide ample parking and convenience. Additional updates from 2019 include the installation of a new aerobic septic system, all new windows, the electric work redone, HVAC system replaced, and a full roof replacement. With plenty of room to spread out and enjoy the peaceful country setting, this property offers space, charm, and modern updates- come see today!

Investor Tools

$288,539Estimated Mortgage Balance
$132,461Estimated Equity
31% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$487,500
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,526 /month
Positive
Cash Flow Estimate:
$842 /month

Interested in this property?

Justin Hardin

Keller Williams Realty

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$439/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,161
$360,207
2026
$150,000
$214,522
$364,522
No

Tax History

Year
Tax Paid
Assessed Value
2025
$3,161
$360,207

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
City Cu
Credit Line (Revolving) / Heloc
$308,000
No
First
May 10, 2023
May 2047

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$288,539
$132,461
31%
69%
$1,847/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,330/mo
$1,847/mo
+$483/mo
6.6%

City: Palmer

7228 Fm 879 | Property Details | No Agent List