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$87,952

Listing Price

2beds

1baths

1,200sqft

15,769sqft lot

505 W 1st St, Ferris, TX 75125

Member Features

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  • Full foreclosure details

  • Home value, equity and ownership info

  • Find homes priced below market

  • Get full access with a FREE Account

Already a member?

For Sale

Single Family

Home type

73.29

Price / sqft

1972

Year built

Home Details

Pictures COMING SOON **Investment Opportunity 505 W 1st St, Ferris, TX 75125** CASH ONLY!nnPositioned in the growing community of Ferris, just minutes south of the Dallas metro area, this property presents an excellent opportunity for investors seeking long-term appreciation and rental potential. Conveniently located near major transportation routes, schools, shopping, and local amenities, the home offers strong appeal to both tenants and future homeowners.nnThe property features a spacious lot with room for improvements, making it ideal as a buy-and-hold rental, fix-and-flip, or value-add investment. As Ellis County continues to experience residential and commercial growth, properties in Ferris are attracting increasing attention from investors looking to capitalize on expanding demand outside the Dallas market.nn**Investment Highlights:**nn* Desirable location in the rapidly growing Ellis County market.n* Convenient access to I-45 and the Dallas-Fort Worth metroplex.n* Strong potential for rental income and long-term equity growth.n* Spacious lot with opportunities for renovation or enhancement.n* Suitable for investors seeking a flip, rental, or portfolio addition.nnWhether you're expanding your rental portfolio or searching for your next renovation project, this property offers a compelling opportunity in one of North Texas' emerging markets.

Interior Details

Square Feet
  • 1200

Bedrooms
  • 2

Bathrooms
  • 1

Heating
  • Has Heating:

    Yes

  • Heating Type:

    Central

Cooling
  • Has Cooling:

    Yes

  • Cooling Type:

    Central

Fuel
  • Has Fuel:

    No

  • Fuel Type:

    N/A

Basement
  • Has Basement:

    No

  • Basement Type:

    N/A

Flooring
  • Has Flooring:

    No

  • Flooring Type:

    Carpet

Fireplace
  • Has Fireplace:

    Yes

  • Fireplace Type:

    N/A

Property Details

Lot Size
  • 15769

Water
  • No

Sewer
  • No

Parking
  • Type:

    Garage, Detached

  • Location:

    N/A

  • Status:

    N/A

  • Number of Spaces:

    1

Deck
  • No

Patio
  • No

Fence
  • No

Pool
  • No

Porch
  • Yes

Stoop
  • No

Breezeway
  • No

Construction Details

Number of Stories
  • 1

Style
  • N/A

Exterior
  • Wood Frame

Foundation
  • N/A

Roof
  • Gable

Roofing Material
  • Composition Shingle

Tax History

Year

Amount

Land

Improvement

Percent Change

Assessment

2020

$1,269

$0

$0

--%

$55,128

2019

$1,221

$0

$0

--%

$50,116

2018

$1,186

$10,000

$35,560

--%

$45,560

2017

$1,069

$0

$0

--%

$42,834

2016

$967

$10,000

$28,940

--%

$38,940

2013

$951

$10,000

$29,440

--%

$39,440

2013

$951

$10,000

$28,970

--%

$38,970

2012

$982

$10,000

$29,000

--%

$39,000

percent-home-icon

Average Home Price in 75125

Nearby Properties

Zip Code

Price

Bed

Bath

Sqft

Lot

Sold Date

$239,000

3 Beds

2 Baths

1,148 Sqft

7,995 Lot (sqft)

Sold 09/29/2026

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Calculators

Mortgage

Mortgage Calculator

Calculate your monthly mortgage payments.
Household Income
70,000
$
Home price
87,952
$
Down payment
17,590.4
$
Mortgage Rate
6.5
%
Loan Term
Property Tax Rate
1.1
%
Homeowner's Insurance (Annual)
527.71
$
HOA (Monthly)
0
$
PMI
0
$
$569
Your Payment
Total Monthly Payment:$569
Percent of Income:10%
Affordable:Yes

Details for 505 W 1ST ST

Property Debt

Foreclosure Contact Details