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$197,000

NAL Estimated Property Value

1401 E Campus Road, Palmer, TX, 75152

Off MarketInfo

Highlights

Interior

Bedrooms —Bedrooms —
Bathrooms —Bathrooms —

Exterior

Lot Size2.50 acres

Land Information

APN65.7331.901.041.00.110
Lot Number41
SubdivisionPalmer Hill Estates
Land UseResidential
Legal DescriptionLOT 41 BLK A PALMER HILL ESTATES 2.502 AC
Census Tract061300
Assessed Land Value$175,000
Assessment Year2025

About this property

Located in Palmer, this 2.5-acre tract backing up to a scenic pond that offers a rare opportunity to build your custom dream home in a peaceful country setting. Imagine starting your mornings with tranquil water views and wide-open skies, and ending your evenings with quiet sunsets right in your own backyard. The property provides privacy and ample space to design a home tailored to your vision. Situated within Palmer ISD, recognized as the top-rated school district in Ellis County, Texas this location adds exceptional long-term appeal. Conveniently located just 28 miles from downtown Dallas, it offers an easy commute while still enjoying country living that feels like you’re a world away. You’ll also appreciate being just 10 miles from the historic downtown areas of Waxahachie and Ennis, known for boutique shopping, dining, and small-town charm. Opportunities for acreage with pond views in this area are limited—don’t miss your chance to make it yours.

Investor Tools

Property Icon
$197,000
Estimated Property Value
$74,093Estimated Mortgage Balance
$122,907Estimated Equity
62% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,182 /month
Positive
Cash Flow Estimate:
$394 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$361/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,346
$175,000
2025
$175,000
N/A
$175,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,346
$175,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Ennis State Bank
Purchase Money Mortgage
$82,400
No
First
Mar 15, 2021
Jun 2026

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$74,093
$122,907
62%
38%
$495/mo

City: Palmer