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$380,000   Price Analysis
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437 Commerce St
Palacios, TX 77465
5 bed 3 bath 3,208 SqFt ($118/SqFt)
2,004SqFt lot. Built 1933
Listed 2024-07-17, Taxes $3,113
USDA Eligible
near Palacios, TX
 Restrictions may apply
due to home size

This remarkable two-story building in the historical district of Palacios

Texas, has been completely renovated and offers a prime opportunity for multi-generational living or for an investment with options to live in one unit and rent the other, short-term or long-term rentals. On the lower level, you will find two bedrooms and one bath with an oversized commercial-style kitchen and dining space. It also includes a private patio at the back, offering attractive views of Tres Palacios Bay. The upper level has a modern look, boasting three roomy bedrooms with one full bath and one-half bath.

This level also has its own private balcony at the back, providing stunning views of Tres Palacios Bay. Property is currently a successful short-term rental on Airbnb, all furnishings are negotiable to make this a move- in ready or turn-key revenue investment property. Don't miss out on this prime investmen t opportunity. Schedule a showing today and seize your chance to capitalize a piece of downtown Palacios minutes away from the bay fishing piers, Palacios Bay Beach, South Bay Marna and all the extraordinary shops and eats on Main St!


Presented by Edward Greene at
Prism Realty, Llc.
Listing Agent Photo

Property MLS #3964731 from UnlockMLS

Bedrooms: 5
Bedrooms On Main Level: 2

Total Bathrooms: 3
Full Bathrooms: 2
1/2 Bathrooms: 1

2 Primary Suites
Ceiling Fan(s)
Ceiling-Beamed
Ceiling-High
Counter-Granite
Tile Counters
Electric Dryer Hookup
Eat-in Kitchen
Entrance Foyer
Interior Steps
Multiple Living Areas
Open Floorplan
Washer Hookup
Flooring: Carpet, Concrete, Vinyl
Window Features: Display Window(s), Double Pane Windows

Cooktop
Dishwasher
Electric Range
Range
Refrigerator
Water Heater-Electric
Laundry Features: Laundry Room, Main Level, Upper Level

Cooling Features: Ceiling Fan(s), Central Air
Heating Features: Central

No Exterior Steps
Patio And Porch Features: Covered, Porch, Rear Porch, Screened

Lot Description: Alley Access, Curbs, Zero Lot Line
Lot Size Acres: 0.046
Lot Size Dimensions: 25x80
Lot Size Square Feet: 2004

Parking Features: Off Street

View: Downtown, Water
Security Features: Smoke Detector(s)

Association: No
Calculated Total Monthly Association Fees: 0

Elementary School: Outside School District
High School: Outside School District
Middle School: Outside School District
School District: Palacios Isd

East Side Intermediate School is a public elementary school located approximately 0.5 miles away.
directions icon Map directions

Palacios J High School is a public middle school located approximately 1.5 miles away.
directions icon Map directions

Palacios High School is a public high school located approximately 1.5 miles away.
directions icon Map directions

Tax Block: 52
Source Listing Status: Active
County: Matagorda
Directions: From Main Street turn south on 4th or 5th St., go one block to Commerce St. Property located between 4th St and 5th St on Commerce.
Tax Year: 2023
Restrictions: Deed Restrictions
Source Property Type: Residential
Distance To Water Comments: Less Than 1 Mile
Area: Out of Area
Source Neighborhood: Foley All, Fair, Class
Ownership Type: Fee-Simple
Parcel Number: 42416
Subdivision: Foley All, Fair, Class
Flood Plain: Yes-500 yr
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2022$103,770 + $9,020
$112,790
$3,113
2021$108,230 + $9,020
$117,250
$3,178
2020$98,640 + $9,020
$107,660
$2,976
2019$101,450 + $9,020
$110,470
$3,107
2018$96,880 + $9,020
$105,900
$2,962
2017$66,900 + $9,020
$75,920
$2,123
2016$66,900 + $9,020
$75,920
$2,106
2015$58,710 + $3,100
$61,810
$1,692
2014$43,410 + $3,100
$46,510
$1,240
2013$43,410 + $3,100
$46,510
$1,206
2012$unknown + $unknown
$54,790
$1,394
2011$unknown + $unknown
$54,790
$1,361
2009$unknown + $unknown
$43,040
$993

Listed 2024-07-18
$380,000
CentralTexas
Listed 2024-07-17
$380,000
UnlockMLS
Sold 2022-02-10
$0
UnlockMLS
Listed 2021-09-05
$150,000
UnlockMLS

Total Square Feet Living: 3208
Year Built: 1933
Construction Materials: Brick, Plaster
Direction Faces: North
Foundation Details: Slab
Levels: Two
Living Area Source: Public Records
Property Age: 91
Roof: Metal
House Style: 1st Floor Entry
Year Built Source: Public Records

Sewer: Public Sewer
Electricity Connected
Sewer Connected
Water Connected
Water Source: Public
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.