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$2,700,000

4738 Fm 85, Ennis, TX, 75119

On MarketInfo

Exterior

Lot Size68.68 acres

Land Information

APN99.0001.000.453.00.103
SubdivisionT J Chambers
Land UseOther / Unknown
Legal Description1 T J CHAMBERS 68.679 ACRES
Census Tract061700
Assessed Land Value$879,091
Assessed Improvement Value$56,832
Assessment Year2025

About this property

Excellent opportunity to acquire 68 acres across the growing City of Ennis, Texas! Great for a development, or your personal home. Want that country life feeling with all the luxuries of being in town? Here's your chance. Approximately 9 miles away from I-45 makes it easy for a quick commute to Dallas or surrounding areas. Close to town, yet far enough away to enjoy peace and quiet in the country surrounding you. Also cleared land ready for you to develop, build your own home, or raise livestock. Comes with a huge workshop!

Investor Tools

$313,059Estimated Mortgage Balance
$622,864Estimated Equity
66% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$16,200 /month
Positive
Cash Flow Estimate:
$5,400 /month

Interested in this property?

Juan Casillas

Only 1 Realty Group North Dallas

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,488/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$13,175
$935,923
2025
$879,091
$56,832
$935,923
No

Tax History

Year
Tax Paid
Assessed Value
2024
$13,175
$935,923

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
American Momentum Bank
Purchase Money Mortgage
$348,160
No
First
Mar 10, 2021
Mar 2031

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$313,059
$622,864
66%
33%
$2,088/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: Ennis

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