tomo logo

$697,000

Beds
5
Baths
5.0
sq ft
4,163

456 Commerce St, Palacios, TX 77465

456 Commerce St

Palacios, TX 77465

  • 139 days on market
    • Price drop $62,000↓
Magnificent 2 Story, 5 Bed, 5 Bath, Historic home, 1 block from “Tres Palacios Bay”, in renowned Palacios, Texas! This gracious 3 Bedroom, 3 Bath home has separate rental units, on main floor of building, comprised of 2, 1 Bedroom, 1 Bath Rental “Bed and Shower” units, complete with circa 1900 “private sitting rooms”. The main home, on 2nd floor, has inviting entry foyer, traditional promenade hallway upstairs, which runs from kitchen to living and dining areas. (10') tall windows & doors, and (14') ceilings, standard to this style of home, create a light, airy ambience. Exposed support beams, finished in real wood tones, harken back to this romantic period. This spacious, open concept is an exceptional place to entertain family and friends. 2 Bedrooms, off main hall, are both graced with 2 bathrooms off same, main walkway. The Kitchen combines new and old; original cabinets which run up to the ceiling, and are concealed by glass cabinet covers, traditional to this era, and a center island and glass top stove bring an update, to this quaint kitchen area. A walk-in pantry, aside the kitchen, includes a laundry room area, convenient for busy Mom’s, Dad’s, or property managers. Even a LIFT, to help transport groceries and luggage, from bottom floor! Keep cool in the summer with 4 HVAC units and 1 mini-split Unit! The entire house has a gas generator, so "no worries", if there is a local electric out-age! Plus, the hot water heater was just replaced 2 years ago! A fenced side yard boasts a relaxing sitting area, great for a "fire pit" center piece! The 3 Stall carport and small garage are great for storage, of cars & boats; an extra perk, for owner/fisherman! Even a private, entrance, which provides privacy and security! Hurricane shutters, for storm protection! All this and more, located 1 block from the public boat ramp, fishing pier and playground, overlooking the bay! All you need for a wonderful, relaxing retirement, with extra income potential!

Details

Property type

Single Family Residence

Est. home value

$309,987

Lot size

0.41 acres

Price per sq ft

$168

Year built

1909

Annual property taxes

$6,589

HOA

No

Price History

05/12/2024
CentralTexas

CentralTexas #542830

Price change
$697,000
-8.17%
05/04/2024
CentralTexas

CentralTexas #542830

Listed
$759,000
04/16/2024
Houston

Houston #84889424

Removed

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Fishing, Playground, Street Lights

High school district: 

Matagorda ISD

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

First National Bank In Port Lavaca

Loan start date

June 2022

Original loan amount

$312,000

Est. remaining balance

Not provided

Interest rate

5%

Loan type

Purchase Money Mortgage

Seller

Justin Ross Raleigh and Cynthia Anne Raleigh

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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Status: Active

Tomo last checked: 09/19/2024 at 9:35 PM

Listing updated: 08/08/2024 at 10:33 AM

Listed by: Brenda Carter, Russell Cain Real Estate, Port O'Connor Phone #: (361) 983-4371

MLS: CentralTexas #542830

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