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$249,900

201 Magellan Cir, Ferris, TX, 75125

On MarketInfo
Just AddedInfo
Beds3 Beds
Baths2 Bath
Baths1,064 Sq Ft
Mobile HomesMobile Homes
price_per_sqft$234.87 / sqft
Year BuiltBuilt in 1982

Property Lead Type:

Absentee OwnerHigh EquityCash Buyers

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
AppliancesDishwasher
FlooringCarpet, Hardwood

Exterior

Lot Size4.11 acres

Building Information

Year Built1982
Stories1
Roof Type105
Garage Spaces2

Land Information

APN00.8545.001.021.00.105
Lot Number21
SubdivisionTanners Farm Estates
Land UseResidential
Legal DescriptionLOT 21 & 22 BLK 1 TANNERS FARM ESTATES 4.11 AC
Census Tract060103
Assessed Land Value$200,000
Assessed Improvement Value$120,579
Assessment Year2025

About this property

A great opportunity to own approximately 4.11 acres with room to spread out and make it your own! Located in Tanners Farm Estates in Ferris, 201 Magellan Circle combines a generous lot with small-town charm and access to Dallas via I-45. Enjoy local shops, restaurants, and community events in downtown Ferris, with additional shopping options in nearby Waxahachie. Outdoor recreation includes Mutz Memorial Park, featuring a walking trail, playground, sand volleyball court, and picnic pavilion. Ferris ISD schools add to the area’s community connections, while Dallas puts major employment centers, entertainment, and cultural attractions within reach. Whether you’re drawn to the acreage, outdoor space, or proximity to city conveniences, this property offers an appealing opportunity to bring your vision to life.

Investor Tools

$0Estimated Mortgage Balance
$320,579Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,923 /month
Positive
Cash Flow Estimate:
$641 /month

Interested in this property?

Ryan Clevenger

MainStreet Venture Partners, L

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$421/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,449
$320,579
2025
$200,000
$120,579
$320,579
No

Tax History

Year
Tax Paid
Assessed Value
2025
$3,449
$320,579

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$320,579
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,972/mo
N/A
+$1,972/mo
7.4%

City: Ferris

201 Magellan Cir | Property Details | No Agent List