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$150,000   Price Analysis
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505 W Lacy St
Palestine, TX 75801
9 bed 6 bath 5,622 SqFt ($26/SqFt)
0.27 acre lot. Built 1932
Listed 2024-04-05, Taxes $2,310
USDA Eligible
near Palestine, TX
 Restrictions may apply
due to home size

Attention Investors 5 houses on 1 property consisting of one duplex with 1 BR 1 BA on each side when rented e ach rents for $650 monthly

One 2 BR 1 BA house that rents for $800 month, one 3 BR 1 1/2 Bath that rents for $800 month and a garage apartment that rents for $650 month.

All rentals combned have the possibility of generating an income of $3450 a month or more Currently one house and one side of duplex is rented. Properties are to be sold AS IS and will need some repairs


Presented by Michele Roberson at
Integrity Real Estate Brokerage LLC.
Listing Agent Photo

Property MLS #96953 from Palestine

Bedrooms: 9

Cooling Features: Wall Unit(s)
Heating Features: Window Unit(s)
Water Heaters: Standard - Electric

Full Bathrooms: 5
1/2 Bathrooms: 1

Flooring: Hardwood

Fencing: Wood

Driveway: Dirt

Lot Size Acres: 0.27
Lot Size Square Feet: 11761

School District: Palestine ISD

Story Intermediate School is a public elementary school located approximately 1.7 miles away.
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Palestine High School is a public high school located approximately 2.6 miles away.
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Palestine J High School is a public middle school located approximately 2.7 miles away.
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Anderson County Christian Schools is a private elementary and middle school located approximately 0.6 miles away.
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Source Listing Status: Active
County: ANDERSON
Directions: Will pull up in GPS - 505 W Lacy St Palestine TX 75801
Source Property Type: Residential
Area: Inside Loop 256
Source Neighborhood: Inside Loop 256
Property Subtype: Residential
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2022$84,713 + $5,293
$90,006
$2,310
2021$105,319 + $3,200
$108,519
$2,920
2020$93,264 + $3,200
$96,464
$2,654
2019$93,264 + $3,200
$96,464
$2,653
2018$67,716 + $3,200
$70,916
$2,037
2017$63,084 + $3,200
$66,284
$1,927
2016$63,084 + $3,200
$66,284
$1,873
2015$63,084 + $3,200
$66,284
$1,866
2014$63,084 + $3,200
$66,284
$1,856
2013$63,084 + $3,200
$66,284
$1,843
2012$unknown + $unknown
$66,284
$1,840
2011$63,084 + $3,200
$66,284
$1,861
2010$52,659 + $3,200
$55,859
$1,535
2009$85,175 + $3,200
$88,375
$2,427

Price Changed 2024-07-03
$150,000
Palestine
Price Changed 2024-05-07
$198,000
Palestine
Listed 2024-04-05
$220,000
Palestine
Sold 2020-08-26
$0
Public Record
Sold 2013-11-18
$0
Public Record
Sold 2011-08-25
$0
Public Record

Access: City Street

Total Square Feet Living: 5622
Year Built: 1932
Construction Materials: Frame
Foundation Details: Pier & Beam
Property Age: 92
Roof: Composition
House Style: Fourplex

Sewer: Public Sewer
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.