1106 Woodland Dr

🔥 OFF-MARKET FIX & FLIP OPPORTUNITY — PALESTINE, TX 🔥 📍 1106 Woodland Dr, Palestine, TX 75801 Asking Price: $115,000 Estimated Rehab: $20,000 Estimated All-In Basis: $135,000 Projected ARV: $160,000+ EMD: $2,500 3 Bedrooms / 1 Bathroom 🏡 PROPERTY DETAILS • 1,395 SF • ~0.40-acre lot / 17,424 SF • Established residential neighborhood • Woodland Dr location with several strong nearby sales 📊 COMPS & NEIGHBORHOOD SUPPORT ⭐ 924 Woodland Dr — ~0.25 miles away 1,480 SF | Estimated Value: $173,432 ➡️ Same street and very similar size — one of the strongest location-based comparisons. ⭐ 102 Brierwood Dr — ~0.46 miles away 1,435 SF | Estimated Value: $282,093 ➡️ Nearly identical square footage with a large lot. ⭐ 707 E Brazos St — ~0.48 miles away 1,232 SF | Estimated Value: $180,319 ➡️ Provides additional support for the surrounding market. 🔥 1016 Woodland Dr — SAME STREET 1,866 SF | Sold for $284,900 ➡️ Demonstrates the potential price ceiling for a substantially larger, fully renovated property on the same street. Additional nearby sales: • 130 N Hillcrest Dr — 1,367 SF | Sold: $210,000 • 402 Gay Ave — 1,106 SF | Sold: $130,000 • 914 S Micheaux St — 1,156 SF | Sold: $126,500 🎯 WHY AN INVESTOR SHOULD LOOK AT THIS ✅ $115K entry price ✅ Manageable $20K–$30K estimated rehab ✅ Large ~0.40-acre lot ✅ Strong surrounding sales ✅ Multiple nearby properties supporting values above the purchase price ✅ Same-street sales provide additional neighborhood validation ✅ Potential upside through renovation and improved presentation 💡 The key is the basis: At $115K, you’re entering significantly below several nearby comparable values. The deal becomes even more attractive if the rehab can stay toward the lower end of the $20K–$30K range or if the purchase price can be negotiated down.