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$248,000

NAL Estimated Property Value

121 Geronimo Street, Ferris, TX, 75125

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,512 Sq Ft
price_per_sqft$158.07 / sqft
Year BuiltBuilt in 2021

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
AppliancesDishwasher, Electric Range

Building Information

Stories1

Land Information

APN00.4038.902.001.98.105
Lot Number1
Land UseResidential
Legal DescriptionLOT 1 BLK B FERRIS RANCH PH 1- IMP ONLY 28X58
Census Tract060104
Assessed Improvement Value$97,342
Assessment Year2022

About this property

2021 double wide home on 1 acre in Ferris ISD with no city taxes, priced at $239,000. If you have been looking for a place with land near Dallas that actually feels worth it when you see it in person, this one is definitely worth a look. Built in 2021, this 3 bedroom, 2 bathroom home has a layout that just makes sense and is getting harder to find at this price. The split floor plan gives you some separation between the primary bedroom and the secondary rooms, and the open kitchen, living, and dining area makes the main space feel comfortable and easy to use day to day. It is also a great setup for having friends and family over without feeling crowded. The style leans rustic modern with warm finishes and clean touches that still feel current. Outside is where you really start to see the value. An acre gives you options. Garden, shop, animals, or just space to spread out a bit. Chickens are allowed in accordance with HOA guidelines, and with no city taxes, you get more flexibility and lower ongoing costs. The location is a solid balance. You are about 25 miles from Downtown Dallas, so getting into the city is still very doable, but you get to come home to a quieter setting. You are also close to Ennis and Waxahachie for local shopping, restaurants, and things to do. Homes like this do not come up very often in this price range with this much land. This is one you will want to see in person!

Investor Tools

Property Icon
$248,000
Estimated Property Value
$0Estimated Mortgage Balance
$248,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,488 /month
Positive
Cash Flow Estimate:
$496 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$230/month
$550/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,518
$97,342
2022
N/A
$97,342
$97,342
No

Tax History

Year
Tax Paid
Assessed Value
2023
$1,518
$97,342

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$248,000
100%
0%
$0/mo

City: Ferris

121 Geronimo Street | Property Details | No Agent List