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$175,000

Wilson Rd, Palmer, TX, 75152

Under ContractInfo
Baths0 Bath
Year BuiltBuilt in 2021

Highlights

Interior

Bathrooms 0Bathrooms 0

Exterior

Lot Size2.66 acres

Land Information

APN00.2967.002.014.00.110
Lot Number14
SubdivisionChisholm Place #2 Ph 1
Land UseAgriculture / Farming
Legal DescriptionLOT 14 BLK 2 CHISHOLM PLACE #2 PH 1 2.665 AC
Census Tract061300
Assessed Land Value$175,000
Assessment Year2025

About this property

Discover a prime 72-acre tract located within the city limits of Palmer, TX—perfect for investment or future development opportunities. Just 45 minutes south of Dallas and with easy access to I-45, this property is ideally situated in Ellis County for both residential and agricultural endeavors. Acreage is Ag exempt. This versatile land features 25 acres of irrigated space, complemented by 54.12 acres that have been meticulously tilled and cleaned. An 880 square foot barn, constructed in 2021, includes a 280 square foot canopy, providing ample storage or workspace for your projects. With agricultural exemption in place and zoning designated for residential use, the possibilities are endless. Essential utilities, including water and electricity, are readily available, making this property a convenient choice for future development. Please note, mobile homes are not permitted. Whether you're looking to hold as an investment or develop your dream project, this property offers a unique opportunity in a growing area. Don't miss out on this exceptional tract of land, seller welcomes your visit! Each road in and out of the property is 60 feet. MUST be accompanied by a Texas Licensed Real Estate Representative.

Investor Tools

Property Icon
$175,000
Estimated Property Value
$0Estimated Mortgage Balance
$175,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$5,817 /month
Positive
Cash Flow Estimate:
$1,939 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$263/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,279
$175,000
2025
$175,000
N/A
$175,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,279
$175,000

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$175,000
100%
0%
$0/mo

Learn About the Market: Opportunity in Texas

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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: Palmer

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Wilson Rd | Property Details | No Agent List