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Days621Days on Market
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$675,000

536 Fm 983, Ferris, TX, 75125

On MarketInfo
Beds6 Beds
Baths3 Bath
Baths2,891 Sq Ft
FarmFarm
price_per_sqft$233.48 / sqft
Year BuiltBuilt in 1996

Highlights

Interior

Bedrooms 6Bedrooms 6
Bathrooms Full 3Bathrooms Full 3
AppliancesOther

Building Information

Year Built1995
Stories1

Land Information

APN99.0824.000.287.98.105
Land UseMobile Home Imp Only
Legal Description824 MASON PHELPS- IMP ONLY 14X56
Census Tract060104
Assessed Improvement Value$22,246
Assessment Year2025

About this property

Spacious Property in Ferris with 5 Bedrooms, Renovated Kitchen, and 3.6 Acres Welcome to this beautiful property located in Ferris, offering the perfect blend of comfort, space, and country living. This home features 5 spacious bedrooms, a cozy living room, a large dining area, and a recently renovated kitchen designed for both functionality and style. Set on 3.6 acres of land, there’s plenty of room to enjoy the outdoors, start a garden, or explore hobby farming. The property includes a large barn with potential for livestock such as cows, horses, chickens, and more. It also offers great potential to be converted into a duplex, making it ideal for extended family living or rental income. If you're looking for privacy, space, and versatility — all just a short drive from town — this is the perfect place to call home.

Investor Tools

Property Icon
$180,000
Estimated Property Value
$0Estimated Mortgage Balance
$180,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,050 /month
Positive
Cash Flow Estimate:
$1,350 /month

Interested in this property?

Nancy Garcia

Monument Realty

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$104/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$343
$22,246
2025
N/A
$22,246
$22,246
Yes (2023)

Tax History

Year
Tax Paid
Assessed Value
2024
$343
$22,246

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$174,000
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.

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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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536 Fm 983 | Property Details | No Agent List