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$269,000

NAL Estimated Property Value

1308 W Madison St, Ennis, TX, 75119

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,932 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$188.92 / sqft
Year BuiltBuilt in 1997

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Cooktop, Electric Oven, Electric Range, Electric Water Heater
FlooringCarpet, Wood, Vinyl

Exterior

Exterior FeaturesRain Gutters, Lighting
Lot Size42,846 sqft

Building Information

Year Built1997
Stories1
Garage Spaces4

Land Information

APN25.3045.000.001.01.103
Lot Number1
SubdivisionColvin Addn
Land UseResidential
Legal DescriptionLOT 1 COLVIN ADDN 0.9836 AC
Census Tract061500
Assessed Land Value$46,880
Assessed Improvement Value$195,421
Assessment Year2022

About this property

Welcome to your peaceful retreat just minutes from town! This beautifully maintained 3-bedroom, 2-bath, 2-car garage brick home sits on almost 2 ACRES of lush grass shaded by numerous mature TREES! The spacious interior features a cozy gas, brick fireplace, a spacious eat-in kitchen with an oversized island, and second dining area. The laundry room includes a utility sink, built-in cabinetry and counter. Solar screens on the windows, front and back storm doors, and vinyl siding provide energy efficiency, and an expansive, covered backyard deck is perfect for relaxing and entertaining. Outdoors, you’ll find a 1,500 sq ft pole barn, including a workshop with electricity—ideal for hobbies and storage! A carport near the pole barn provides additional covered parking. Another covered, semi-enclosed patio provides ample space for outdoor cooking and entertaining. Roof and back porch roof replaced in 2022. Enjoy the serenity of country living with the convenience of nearby city amenities! Located near the heart of the official Bluebonnet City of Texas, you’ll be close to scenic trails, a vibrant, historic downtown, and beloved local events like the annual Polka Festival. Lions Park and Ennis High School are also in close proximity. With easy access to Highways 287 and I-45, commuting is a breeze. Don’t miss the opportunity to own this rare blend of tranquility, indoor and outdoor space, and experience the best of both worlds--country living in town!

Investor Tools

Property Icon
$269,000
Estimated Property Value
$0Estimated Mortgage Balance
$269,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,190 /month
Positive
Cash Flow Estimate:
$730 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$407/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
N/A
$242,301
2022
$46,880
$195,421
$242,301
No

Tax History

Year
Tax Paid
Assessed Value
2023
N/A
$242,301

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$269,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,972/mo
N/A
+$1,972/mo
8.8%

Learn About the Market: Opportunity in Texas

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Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

Explore Texas Explore This Area
Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Ennis

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1308 W Madison St | Property Details | No Agent List