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$361,000

NAL Estimated Property Value

1017 Meadow Creek Dr, Lancaster, TX, 75146

Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths2,069 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$167.71 / sqft
Year BuiltBuilt in 1986

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesWater Purifier, Dishwasher, Disposal, Dryer, Electric Range, Vented Exhaust Fan, Washer

Exterior

Exterior FeaturesRain Gutters
Lot Size12,106 sqft

Building Information

Year Built1986
Stories1
Roof Type105
Garage Spaces2

Land Information

APN36067750080360000
Lot Number36
SubdivisionMeadow Creek
Land UseResidential
Legal DescriptionMEADOW CREEK ESTATES 5TH INST BLK 8 LT 36 INT201700197685 DD07142017 CO-DC 0677500803600 4CN06775008
Census Tract016806
Assessed Land Value$57,500
Assessed Improvement Value$239,490
Assessment Year2025

About this property

JUST INSTALLED, a new roof and water heater, offering immediate peace of mind and a bonus add from day one. Located just minutes from Historic Downtown Lancaster, established in 1844, this home offers convenient access to one of Dallas County’s oldest communities known for its charming town square, local shops, restaurants, and community events, along with more than 600 acres of parks, nature preserves, and trails that blend rich Texas history with everyday convenience. This 3 bedroom, 2.5 bath residence invites you to slow down, spread out, and truly enjoy your space, blending modern updates with relaxed farmhouse character for comfortable daily living and effortless entertaining. The open concept kitchen serves as the heart of the home with farmhouse inspired finishes and a seamless connection to the main living areas, while fresh interior paint in a modern neutral palette enhances natural light and reinforces the home’s timeless appeal. Upstairs, the renovated bathroom continues the thoughtful design, and a versatile bonus space offers flexibility for a game room, media room, or private workspace. The spacious backyard is a standout feature, offering ample room to relax, entertain, or create your own outdoor setting, complemented by a detached accessory unit currently used as an office with electricity, ideal for remote work, a creative studio, fitness space, or guest quarters, along with a separate large storage building that adds even more functionality. Additional improvements include replaced windows and HVAC in 2019, new ductwork in 2024, updated gutters, and freshly painted exterior. Buyer and Buyer’s Representative to verify all information in MLS. Buyer will need a new survey.

Investor Tools

Property Icon
$361,000
Estimated Property Value
$142,822Estimated Mortgage Balance
$218,178Estimated Equity
59% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,166 /month
Positive
Cash Flow Estimate:
$722 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$550/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,796
$296,990
2025
$57,500
$239,490
$296,990
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,796
$296,990

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
First State Bank
Conventional
$174,775
No
First
Jul 14, 2017
Aug 2047

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$142,822
$213,178
59%
40%
$1,048/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,972/mo
$1,048/mo
+$924/mo
6.6%

Learn About the Market: Opportunity in Texas

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Explore

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: Lancaster

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1017 Meadow Creek Dr | Property Details | No Agent List