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Days2780Days on Market
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$579,900

$599,900

7851 Mavis Ave, Waxahachie, TX, 75167

On MarketInfo
Price DropInfo
Beds3 Beds
Baths2 Bath
Baths2,302 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$251.91 / sqft
Year BuiltBuilt in 1997

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Range, Electric Water Heater, Microwave
FlooringCarpet, Laminate

Exterior

Private PoolPrivate Pool
Exterior FeaturesRain Gutters, Other
Lot Size2.33 acres

Building Information

Year Built1997
Stories1
Roof Type105
Garage Spaces5

Land Information

APN00.6390.000.032.00.108
Lot Number32
SubdivisionMid-Villa Ests- Rev
Land UseResidential
Legal DescriptionLOT 32 MID-VILLA ESTS- REV 2.329 AC
Census Tract060221
Assessed Land Value$180,000
Assessed Improvement Value$406,902
Assessment Year2025

About this property

*** NO HOA *** $$$ 10,000 Buyer Concession $$$ Discover the perfect blend of space, comfort and opportunity! Situated on 2.32 acres within the Midlothian Independent School District, this home offers over 2,300 square feet of living space and endless possibilities. Step outside to your private backyard retreat featuring a sparkling swimming pool with spa, a covered deck ideal for entertaining. Property also offers pecan and fruit trees. Need room for your business, hobbies, or big toys? A separate workshop provides ample room for equipment, storage, recreational vehicles, or your next big project. The detached garage has been converted into a 3 room ADU that will have a new main door, flooring and baseboards easily making it ideal for a home-based business, studio, office, income producing space or a guest space. This unique property offers the freedom of country-style living with versatility. Don't miss this rare opportunity! The pool table and deck furniture and TV and a 13-month Residential Service Contract are included! Buyer(s) and buyer's agent to verify all information. Information is deemed reliable but not guaranteed.

Investor Tools

$247,609Estimated Mortgage Balance
$339,847Estimated Equity
57% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,521 /month
Positive
Cash Flow Estimate:
$1,174 /month

Interested in this property?

Cassandra Phillips

Phillips Price Realty, Inc.

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$779/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,409
$586,902
2025
$180,000
$406,902
$586,902
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,409
$586,902

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Air Supply Investments Trust
Purchase Money Mortgage
$289,000
No
First
May 17, 2019
Jun 2021

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$247,609
$339,293
57%
42%
$1,733/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,440/mo
$1,733/mo
+$707/mo
5.0%

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: Waxahachie

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7851 Mavis Ave | Property Details | No Agent List