2818 Sabal Palm Dr

Harlingen, Texas, 78552

Redeemable DeedcancelledSells Aug 4, 2026 · 66 days ago

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Beds: 5
Baths: 2
SqFt: 2,304
Lot Size: 5,998
Year Built: 2006
APN: 97-1002-0130-0030-00

Property Type: Sfr
Distressed: No
Vacant: No
Owner Type: Company
Owner Status: Absentee (Out of State)
Length of Ownership: 1 Month
Purchase Method: Cash Purchase
County: Cameron

Value

Estimated Value: $262,000
County Market Value: $191,778; 2025
Assessed Value: $191,778; 2025

Mortgage & Debt

Open Mortgages: 0
Estimated Balance: $0
Lien Flags: None recorded; RealEstateAPI flags · not a lien search

Last Sale

MLS: $161,500; 08/12/2024
Document Type: Quit Claim Deed

Opportunity

Opening Bid: $19,255
Bid / Value: 7%; of $262,000
Property Tax 2025: $3,989; annual bill · not the amount owed
Equity (est.): $262,000; 100%
Monthly Rent: $1,450; HUD fair market rent (5 bd)
Gross Yield: 6.64%

Opening bid

$19,255

Assessed value

$191,778

Land $42,900Improvement $148,878

Market / AVM

$262,000

Property tax 2025

$3,989

Annual bill — the sale list gives no amount owed

Case number 2024-DCL-05435

Property facts enriched via realestateapi · 8/25/2026

Ownership Information

Owner 1 Name: J Luxe Homes And Rentals Llc
Mailing Address: 201 S 11th St, Rocky Ford, CO 81067
Owner Type: Company
Corporate Owned: Yes

Property Characteristics

Bedrooms: 5
Total Bathrooms

Deal analysis

Date	Status	Price	Days on Market	Agent	Office
08/12/2024	Closed	$161,500	1	Hilario Guadalupe Martinez	Keller Williams LRGV

Sale Date	Recorded	Amount	Document	Doc #	Arm's Length	Method	Buyer	Seller
07/06/2026	07/07/2026		Quit Claim Deed	2026-24453	No	Cash Purchase	J Luxe Homes And Rentals Llc	Raven Villegas
03/13/2023	04/17/2023	$51,500	Quit Claim Deed	2023-13201	No	Cash Purchase	Raven Villegas	Joshua Lee Cantu
03/02/2020	03/02/2020		Warranty Deed	2020-07902	Yes	Cash Purchase	Joshua Lee Cantu	Jaime Gonzalez, Diana Marie Gonzalez
02/22/2019	03/13/2019		Vendors Lien	2019-00009293	Yes	Financed	Jaime Gonzalez, Diana Marie Gonzalez	La Cuesta Sol Development Ltd
02/06/2015	02/18/2015		Vendors Lien	2015-00005171	Yes	Financed	Jaime Gonzalez, Diana Marie Gonzalez	Rgv G V Ltd
09/08/2010	09/23/2010	$118,426	Foreclosure	2010-00036697	Yes	Cash Purchase	Rgv G V Ltd	Edith Torres
01/05/2009	02/23/2009		Vendors Lien	2009-00007166	Yes	Financed	Edith Torres	J P Developer Group Llc
03/18/2008	04/04/2008		Vendors Lien	2008-00016260	Yes	Financed	Edith Torres	Rgv G-V Ltd

Your maximum bid

$155,889

Walk away above this. Projected profit at the ceiling: $78,600 (30% of ARV).

Opening bid $19,255

Room to bid $136,634

Confidence: medium — ARV from a provider market estimate, not comps.

History-guided suggestion

$67,673

Under max by $88,216

≤ oracle maxBid

Co-pilot target using recorded auction history. Never above your maximum bid.

History sample

—

Median sold

—

p(redeem) prior

—

No historical bucket for TX|Redeemable Deed; suggestion uses oracle only.

Your assumptions

After-repair value (ARV)

Override the derived estimate with real comps

Rehab budget

You cannot inspect before bidding — budget for the worst plausible condition

Known surviving liens

Municipal code enforcement, special assessments, federal tax liens

Target margin — 30%

Required profit as a share of ARV. 30% is a common floor for tax-sale flips.

How that number is built

Provider market estimate of $262,000. This is an as-is valuation, not an after-repair one — enter your own comparable-sales figure if the property needs work.

After-repair value: $262,000
Selling costs on exitassumed 8.0% of ARV — agent commission plus seller-side closing.: −$20,960
Rehabassumed No rehab budget entered — assumed $0. Tax-sale parcels are sold unseen and un-inspected; this is rarely correct.: −$0
Quiet title (required)assumed Midpoint of the typical TX range ($1,800–$5,000, ~5 months).: −$3,400
Deed recording and transferassumed Typical TX recording and deed issuance cost.: −$400
Holding costs (7 months)assumed Taxes, insurance, and securing the property at ~$393/month.: −$2,751
Surviving liensassumed Assumed $0 — not verified. Municipal code-enforcement liens, special assessments, and federal tax liens can survive the sale.: −$0
Target profit (30% of ARV): −$78,600
Maximum bid: $155,889

If the owner redeems

Flat penalty

25%

You'd receive

$38,972

Window

730 days

A 25% flat penalty applies if the owner redeems. It is a penalty, not annual interest — the rate does not change with how early they redeem.

homestead and agricultural-use property (2 years); all other property is 180 days

Quoted elsewhere as 51% annualised — true only if they redeem on the last possible day and you immediately redeploy the capital. Treat the flat penalty as the real number.

Before you bid

Rehab is assumed to be $0. You cannot inspect these properties before bidding — budget for the worst plausible condition.
Surviving liens assumed $0. The 180-day vs 2-year window turns on the property's use at the time of sale, which the sale list does not state — treat any homestead-looking residential parcel as potentially 2-year.

2818 Sabal Palm Dr

Value

Mortgage & Debt

Last Sale

Opportunity

Ownership Information

Property Characteristics

2818 Sabal Palm Dr

Value

Mortgage & Debt

Last Sale

Opportunity

Ownership Information

Property Characteristics

Building Size

Land/Location Information

Legal Description

Tax Assessment Information

Last Non-Arm's Length Ownership Transfer

Recording Information

Buyer/Seller Information

Last Arm's Length Sale Information

Recording Information

Buyer/Seller Information

Distress Flags

Listing

MLS History

Area

Fair Market Rents

Tax Assessment Information

Sale History

County records

Cameron County rules

Historical comps

Verify before you bid