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$150,000

1489 Lone Elm Rd, Waxahachie, TX, 75167

$195,000 ARVInfo
On MarketInfo
Just AddedInfo
Beds3 Beds
Baths2 Bath
Baths2,400 Sq Ft
Year BuiltBuilt in 2005

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling

Exterior

Lot Size2.86 acres

Building Information

Year Built2019
Stories1
Garage Spaces3

Land Information

APN99.0120.000.023.00.112
SubdivisionE Ballard
Land UseResidential
Legal Description120 PT TR 2 & 3A E BALLARD 2.864 ACRES
Census Tract060211
Assessed Land Value$175,750
Assessed Improvement Value$280,999
Assessment Year2025

About this property

Build your dream home while enjoying the convenience of an existing 3-bay metal shop on this spacious 1-acre homesite! This 1-acre homesite on a private road already features a fully insulated 30x50 metal shop with insulated overhead doors, one single bay, one double bay, two walk-in entrances, and an enclosed storage room. Whether you're looking for a place to build, store your toys, operate a hobby shop, or simply enjoy extra space, this property offers endless possibilities. Mobile homes are permitted, and there's plenty of room for RVs, boats, campers, trailers, and additional outbuildings. Water is available through Buena Vista-Bethel SUD, electric is available through HILCO Electric Cooperative, and a septic system will be needed for future residential use. Enjoy quiet country living with convenient access to shopping, dining, and schools in Waxahachie. Five adjacent 1-acre tracts are available for purchase. Buyers may purchase one tract or multiple tracts, subject to availability.

Investor Tools

$156,263Estimated Mortgage Balance
$429,737Estimated Equity
73% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$195,000
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,516 /month
Positive
Cash Flow Estimate:
$1,172 /month

Interested in this property?

Chad Smith

Realty Of America, LLC

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$642/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,777
$406,244
2025
$175,750
$280,999
$456,749
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,777
$406,244

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
The Cowboy Bank Of Texas
Conventional
$172,100
No
First
Oct 12, 2021
Nov 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$156,263
$429,737
73%
27%
$1,032/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,440/mo
$1,032/mo
+$1,408/mo
5.0%

City: Waxahachie

1489 Lone Elm Rd | Property Details | No Agent List