1146 FM 55

WAXAHACHIE, Texas, 75165-9076

Redeemable DeedcancelledSells Aug 4, 2026 · 65 days ago

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APN: 223249

Property Type: Sale
County: Ellis

Value

Assessed Value: $347,248

Opening bid

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Assessed value

$347,248

Market / AVM

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Taxes owed

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Case number 22378TX

Land/Location Information

APN: 223249
Land Use: Sale
County: Ellis

Tax Assessment Information

Total Assessed Value: $347,248

County records

Official appraiser / assessor — free, always available. Copy the parcel number if the link opens a search page.

Ellis CAD search ↗search: 223249

Deal analysis

Your maximum bid

$207,848

Walk away above this. Projected profit at the ceiling: $104,174 (30% of ARV).

Confidence: medium — ARV derived from assessed value, not comps.

History-guided suggestion

$187,063

Under max by $20,785

≤ oracle maxBid

Co-pilot target using recorded auction history. Never above your maximum bid.

History sample

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Median sold

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p(redeem) prior

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No historical bucket for TX|Redeemable Deed; suggestion uses oracle only.

Your assumptions

After-repair value (ARV)

Override the derived estimate with real comps

Rehab budget

You cannot inspect before bidding — budget for the worst plausible condition

Known surviving liens

Municipal code enforcement, special assessments, federal tax liens

Target margin — 30%

Required profit as a share of ARV. 30% is a common floor for tax-sale flips.

How that number is built

Assessed $347,248 ÷ 1 assessment ratio. Texas requires appraisal at 100% of market value as of Jan 1 (Tex. Tax Code § 23.01).

After-repair value: $347,248
Selling costs on exitassumed 8.0% of ARV — agent commission plus seller-side closing.: −$27,780
Rehabassumed No rehab budget entered — assumed $0. Tax-sale parcels are sold unseen and un-inspected; this is rarely correct.: −$0
Quiet title (required)assumed Midpoint of the typical TX range ($1,800–$5,000, ~5 months).: −$3,400
Deed recording and transferassumed Typical TX recording and deed issuance cost.: −$400
Holding costs (7 months)assumed Taxes, insurance, and securing the property at ~$521/month.: −$3,646
Surviving liensassumed Assumed $0 — not verified. Municipal code-enforcement liens, special assessments, and federal tax liens can survive the sale.: −$0
Target profit (30% of ARV): −$104,174
Maximum bid: $207,848

If the owner redeems

Flat penalty

25%

You'd receive

$51,962

Window

730 days

A 25% flat penalty applies if the owner redeems. It is a penalty, not annual interest — the rate does not change with how early they redeem.

homestead and agricultural-use property (2 years); all other property is 180 days

Quoted elsewhere as 51% annualised — true only if they redeem on the last possible day and you immediately redeploy the capital. Treat the flat penalty as the real number.

Before you bid

Rehab is assumed to be $0. You cannot inspect these properties before bidding — budget for the worst plausible condition.
Surviving liens assumed $0. The 180-day vs 2-year window turns on the property's use at the time of sale, which the sale list does not state — treat any homestead-looking residential parcel as potentially 2-year.

1146 FM 55

Value

Land/Location Information

Tax Assessment Information

County records

1146 FM 55

Value

Land/Location Information

Tax Assessment Information

County records

Ellis County rules

Historical comps

Verify before you bid