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$324,900

$349,777

5131 E Fm 875, Waxahachie, TX, 75167

On MarketInfo
Price DropInfo
Beds3 Beds
Baths2 Bath
Baths1,572 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$206.68 / sqft
Year BuiltBuilt in 1965

Property Lead Type:

Deal ListAbsentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Dryer, Gas Oven, Gas Range, Gas Water Heater, Ice Maker, Microwave, Refrigerator, Washer, Wine Cooler
FlooringVinyl

Exterior

Exterior FeaturesPrivate Entrance, Private Yard
Lot Size37,026 sqft

Building Information

Year Built1965
Stories1
Roof Type105

Land Information

APN99.0040.000.048.00.112
SubdivisionJ Barker
Land UseResidential
Legal Description40 J BARKER 0.85 ACRES
Census Tract060211
Assessed Land Value$100,000
Assessed Improvement Value$165,055
Assessment Year2025

About this property

REMODELED & READY FOR YOU!! NO HOA!! NO CITY TAXES!! BRING YOUR OFFER TODAY! Rare Opportunity to Create Your Texas Legacy at Lone Elm Retreat. Escape the congestion of the city and discover the freedom of country living at this Lone Elm retreat. Set on a spacious homesite of almost an ACRE, with no rear neighbors, this property offers the privacy, open skies, and peaceful surroundings that have become increasingly difficult to find. Whether you're dreaming of relaxing evenings watching sunsets from your backyard, creating an outdoor entertainment oasis with a pool and cabana, building a workshop for hobbies and projects, a horse stable, a chicken coup, or adding a guest house for extended family, boat and RV parking, this property provides the space and flexibility to bring your vision for country living to life at Lone Elm Retreat. The beautifully UPDATED HOME is like new construction quality and offers comfortable, move-in-ready living, while the land presents endless opportunities for future expansion and personalization. Imagine children playing freely, family gatherings under the stars, and the ability to create a multi-generational retreat that can be enjoyed for years and generations to come. Lone Elm retreat is located just minutes from Waxahachie and Midlothian amenities while offering the tranquility of a rural setting, this is more than a home. It's an opportunity to build the lifestyle and create the family legacy you've been searching for. Come experience the freedom, privacy, and possibilities of Texas country living. Seller requires a 1031 exchange, Buyer to cooperate at no cost or liability. WILL GO USDA FOR A $0 DOWN DEAL!!!

Investor Tools

$140,244Estimated Mortgage Balance
$259,282Estimated Equity
69% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,394 /month
Positive
Cash Flow Estimate:
$798 /month

Interested in this property?

Krissy Mireles

eXp Realty - Krissy Mireles Team

ContactContact

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Financing Details

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

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,858
$265,055
2025
$100,000
$165,055
$265,055
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,858
$265,055

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Advancial Fcu
Conventional
$153,000
No
First
Feb 17, 2022
Mar 2037

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$140,244
$324,756
69%
35%
$918/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,440/mo
$918/mo
+$1,522/mo
7.3%

City: Waxahachie

5131 E Fm 875 | Property Details | No Agent List