4 months on rocket

437 Commerce St, Palacios, TX, 77465

$380,000

Home List Price

$4,513*

Closing Credit

5 Bedrooms
2 Full Baths, 1 Partial
3,208 SqFt
$118/SqFt
House

Location

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437 Commerce St, Palacios$380,000

Buyer Closing Credits

$4,513*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
Year Built1933
HeatingCentral
CoolingCeiling Fan(s), Central Air
FireplaceNone
ViewWater
MLS #551124
Lot Size0.05 Acres
StatusActive

About 437 Commerce St

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 & 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 beautiful views of Tres Palacios Bay. The upper level has a modern look, boasting three spacious 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 investment opportunity. Schedule a showing today and seize your chance to capitalize a piece of downtown Palacios just minutes away from the bay fishing piers, Palacios Bay Beach, South Bay Marina, and all the great shops and eats on Main St!

Property Details

Property Features

Property Information:

  • Architectural Style: Other, SeeRemarks
  • Year Built: 1933
  • Stories: 2
  • Living Area: 3,208 SqFt

Listing Office:

  • Office Name: Prism Realty, LLC
  • Office Phone: (512) 609-8098
  • Listing Agent: Edward G. Greene

Interior Features

Interior Information:

  • Appliances: Electric Range, Refrigerator
  • Flooring Type: Carpet, Concrete, Painted/Stained, Vinyl
  • Interior: Beamed Ceilings, Ceiling Fan(s), Crown Molding, Granite Counters, High Ceilings, Open Floorplan, Recessed Lighting, Tile Counters
  • Fireplace: None

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 2
  • Total Bedroom Count: 5

Exterior Features

Exterior Information:

  • View: Water
  • Exterior: Balcony, None

Lot Features

Lot Information:

  • Lot Size: 0.05 Acres

Utilities

Utilities Information:

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

Other

Directions Information:

  • 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.

Price Information

Listing Price Info

Price Summary:

  • List Price: $380,000
  • Price Per SqFt: $118/SqFt

Tax Information:

  • Annual Amount: $3,108
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Palacios, TX.

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Palacios, TX

City

Med. Sold Price

$243.8K

Med. Price/SqFt

$197

Avg. Days On Market

16

# of Sold Homes

2

437 Commerce St vs Palacios

128 DAYS ON ROCKET

+112 Days

$380,000

+$136.1K More

$118/SqFt

-$79 Less

KEY TAKEAWAY

This property is $136.1K more than the Median Sold Price and $79/SqFt less than other homes in Palacios, TX.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CentralTexas
  • MLS Number: #551124

Listing Office:

  • Office Name: Prism Realty, LLC
  • Office Phone: (512) 609-8098
  • Listing Agent: Edward G. Greene

IDXData provided by the Central Texas MLS IDX program. Information deemed reliable but not guaranteed. Some properties which appear for sale may no longer be available due to no longer being offered for sale. The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. ©2024 Central Texas MLS, All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.


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Last updated on: 11/23/2024, 4:15:54 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2020$3,108$107,660
2019 - $110,470
2018$2,962$105,900
2017$2,123$75,920

History based on county public records data.

Payment Calculator

$1,964

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,206

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-813563
5
/10

  • East Side Intermediate School

  • 901 2nd St

  • 0.58 miles

  • Public District Grades 3-5

school-card-donut-813564
5
/10

  • Blessing Elementary School

  • 139 FM 616

  • 11.80 miles

  • Public District Grades PK-5

school-card-donut-813565
10
/10

  • Markham Elementary School

  • 200 6th St

  • 20.15 miles

  • Public District Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $39,971. The majority of Palacios, TX residents have income between $35k-100k annually. Residents typically live in single, no kids family. The majority of residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 437 Commerce St

What is the listing price of this property?

The listing price of 437 Commerce St property is $380,000.

What type of property is this?

The property 437 Commerce St is a house located in Palacios, Texas, 77465.

Is this property for sale now?

Active Listing: 437 Commerce St is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $3,108 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 437 Commerce St has 5 bedrooms and 2 full and 1 half bathrooms.

What is the square footage of this property?

The property 437 Commerce St is 3,208 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 437 Commerce St is 1933.

Rocket Homes›Texas›Matagorda County›Palacios›77465›437 Commerce St

This home is located at 437 Commerce St in Palacios, TX and zip code 77465. This 3,208 square foot home, which was built in 1933, sits on a 0.05 acre lot. Features: 5 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since July 17, 2024 and is currently priced at $380,000.

In October 2024, from all listings sold in Palacios, TX there were more than 0 sold above asking price, over 2 sold below and more than 0 were sold right at the asked price. In October 2024 in Palacios, TX there were 11.1% more homes for sale than in September 2024. The median list price of listings available in October 2024 was $243,850, while the average time on the real estate market was 16 days.

From Rocket Homes Real Estate and based on county public records data.

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