509 DR MARTIN LUTHER K

WAXAHACHIE, Texas, 75165

Redeemable DeedcancelledSells Aug 4, 2026 · 65 days ago

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APN: 171135

Property Type: Sale
County: Ellis

Value

Assessed Value: $186,871

Opening bid

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Assessed value

$186,871

Market / AVM

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Taxes owed

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Case number 22406TX

Land/Location Information

APN: 171135
Land Use: Sale
County: Ellis

Tax Assessment Information

Total Assessed Value: $186,871

County records

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

Ellis CAD search ↗search: 171135

Deal analysis

Your maximum bid

$110,098

Walk away above this. Projected profit at the ceiling: $56,061 (30% of ARV).

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

History-guided suggestion

$99,088

Under max by $11,010

≤ 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 $186,871 ÷ 1 assessment ratio. Texas requires appraisal at 100% of market value as of Jan 1 (Tex. Tax Code § 23.01).

After-repair value: $186,871
Selling costs on exitassumed 8.0% of ARV — agent commission plus seller-side closing.: −$14,950
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 ~$280/month.: −$1,962
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): −$56,061
Maximum bid: $110,098

If the owner redeems

Flat penalty

25%

You'd receive

$27,524

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.

509 DR MARTIN LUTHER K

Value

Land/Location Information

Tax Assessment Information

County records

509 DR MARTIN LUTHER K

Value

Land/Location Information

Tax Assessment Information

County records

Ellis County rules

Historical comps

Verify before you bid