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$299,000

NAL Estimated Property Value

1309 Dixie Lane, Waxahachie, TX, 75165

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,747 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$171.15 / sqft
Year BuiltBuilt in 1987

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Electric Range, Microwave
FlooringConcrete, Tile, Vinyl

Exterior

Exterior FeaturesRain Gutters, Private Yard, Storage
Lot Size25,439 sqft

Building Information

Year Built1987
Stories1
Roof Type105
Garage Spaces2

Land Information

APN00.7610.908.020.00.112
Lot Number20
SubdivisionQuail Creek Vlg #1
Land UseResidential
Legal DescriptionLOT 20 & 21 BLK H QUAIL CREEK VLG #1 .584 AC
Census Tract060219
Assessed Land Value$80,000
Assessed Improvement Value$168,193
Assessment Year2025

About this property

This charming estate was Grandpa's house & now it's an *INVESTMENT OPPORTUNITY* filled with character & potential. Set on a 0.57-acre lot, this solid-brick home offers a great floorplan that's ready for your designer touch & needs a full rehab to restore it's charm. If you want a FIXER UPPER, this VINTAGE property is full of opportunity! The home itself is welcoming, offering a highly desired layout that’s just waiting for a family to bring their modern vision to life. The elongated kitchen features two separate eating areas- a morning space in the front and evening dining dining space that opens to back half of the house with the central family room that showcases a brick WBFP, vaulted ceilings, built-in solid-wood bookcases & laminate floors. Primary suite has a separate nook with a private access door to the backyard. Primary bathroom has separate vanities, central jetted tub, separate shower & 2 walk-in closets. CARPET HAS BEEN REMOVED- we made it easier for you to install your flooring! Tucked into a peaceful neighborhood with a country feel (views of the neighbor's pond) and only 10 minutes from city conveniences. As Waxahachie continues to rapidly grow, properties like this are hidden gems. Low Ellis County property taxes with easy access to I-35E & Downtown Dallas! Whether you’re dreaming of a massive play set, a sparkling pool, building a workshop, having a dog run or just a quiet place to watch the Texas sunset without a neighbor's fence in your view, this lot delivers. Two storage sheds stay in place. No sight-unseen offers accepted. No survey available. City water on septic system. Inherited Property. Title is open at McKnight Title Southlake. Tax record square footage (1,575) is lower than actual square footage (1,747). It's obvious that previous foundation repairs were made but these Heirs do not know when, there is no paperwork indicating it happened during their dad's ownership of the property. Great property for FHA 203K.

Investor Tools

Property Icon
$299,000
Estimated Property Value
$117,584Estimated Mortgage Balance
$181,416Estimated Equity
60% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,794 /month
Positive
Cash Flow Estimate:
$598 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$177/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$629
$248,193
2025
$80,000
$168,193
$248,193
No

Tax History

Year
Tax Paid
Assessed Value
2024
$629
$248,193

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Aspire Financial Inc
Reverse Mortgage / Hecm
$180,000
No
First
Aug 16, 2011
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$117,584
$181,416
60%
39%
$1,080/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,972/mo
$1,080/mo
+$892/mo
7.9%

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.

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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: Waxahachie

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1309 Dixie Lane | Property Details | No Agent List