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B+
NoAgentList RatingHow are grades calculated? Info

$212,000

1601 Fm 983, Ferris, TX, 75125

$275,600 ARVInfo
Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths3,220 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$217.39 / sqft
Year BuiltBuilt in 1899

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms 3Bathrooms 3
AppliancesElectric Range, Double Oven
FlooringCarpet, Hardwood, Laminate, Linoleum

Exterior

Exterior FeaturesPlayground, Private Entrance

Building Information

Year Built1987
Stories1

Land Information

APN99.0035.000.001.98.105
Land UseResidential
Legal Description35 J W BAKER IMP ONLY
Census Tract060103
Assessed Improvement Value$29,367
Assessment Year2023

About this property

Been looking for true beauty and charm? Let me introduce the Family Farm! This Secluded 23.86 acre property mostly fenced and cross fenced, is tucked away in the country yet very close to the Growing town of Ferris, TX, just 20 minutes south of Dallas, making for a quick commute! This charming Farmhouse was built in 1899, featuring 3,220 sq. ft. with 4 bedrooms, 3 bathrooms, and a Large Office with it's own entrance! The Attic upstairs is finished out with an attic access entry- add your own staircase and this could be 3 Stories! Take your time and enjoy the large pond with a beautiful backdrop of native trees and wildlife! Don't forget to check out the workshop and barns located on this property, you will not be disappointed! Watch your children or grandchildren have a blast playing on the tree fort just north of the house! There are so many directions you can go with this beautiful property!

Investor Tools

Property Icon
$212,000
Estimated Property Value
$0Estimated Mortgage Balance
$212,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$275,600
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,200 /month
Positive
Cash Flow Estimate:
$1,400 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$98/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$113
$29,367
2023
N/A
$29,367
$29,367
No

Tax History

Year
Tax Paid
Assessed Value
2018
$113
$29,367

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$212,000
100%
0%
$0/mo

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: Ferris

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1601 Fm 983 | Property Details | No Agent List