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$770,960

NAL Estimated Property Value

10615 Lancaster Dr, Iola, TX, 77861

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,937 Sq Ft
price_per_sqft$236.64 / sqft
Year BuiltBuilt in 2016

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Bathrooms Half 1Bathrooms Half 1
AppliancesSome Gas Appliances, Cooktop, Dishwasher, Disposal, Microwave, Plumbed For Gas, Refrigerator, Water Heater, Dryer, Energy Star Qualified Appliances, Tankless Water Heater, Water Purifier, Washer
FlooringCarpet, Tile, Vinyl

Exterior

Private PoolPrivate Pool
Exterior FeaturesSprinkler Irrigation
Lot Size2.27 acres

Building Information

Year Built2016
Garage Spaces3

Land Information

APNR74589
Lot Number10-R
Land UseResidential
Legal DescriptionKING OAKS SECTION 4, BLOCK B, LOT 10-R, ACRES 2.27, (RE-PLAT 1662/540)
Census Tract180303
Assessed Land Value$189,930
Assessed Improvement Value$581,030
Assessment Year2025

About this property

Discover refined country living, blending elegance with modern convenience. Admire the meticulously crafted interior, featuring an open-concept living space with plantation shutters. The gourmet kitchen boasts premium Bosch appliances, a pot filler over the gas cooktop, and a walk-in pantry. Both large guest rooms offer walk-in closets. The primary suite includes a lavish walk-in shower with dual showerheads and a bench seat. The office and versatile game room/bonus space provide ample room for work and play. The oversized laundry room impresses with a utility sink, folding area, and extensive storage options. Outside, the property boasts a screened-in back porch complete with a fireplace, a pergola for shaded relaxation, and solar screens for enhanced energy efficiency. The 15X15 shed has a concrete floor, electricity, and garage door. Don't miss the wooden staircase accessing the attic. A generator ensures whole-house power, while an attached three-car garage is large enough to accommodate a double-cab pickup. The sprinkler system is equipped with a drip system for all the well-thought-out trees that adorn the yard. The property also offers potential for expansion, with space for a 1,000 sq ft casita or the possibility of replatting for a larger home. The community offers a 60-acre nature preserve and walking trails, a fully stocked lake, a community pool & pavilion. Just 15 miles from A&M. Fourth bedroom is 20X20 and doesn't have a closet, but is large enough to add one.

Investor Tools

Property Icon
$770,960
Estimated Property Value
$283,764Estimated Mortgage Balance
$487,196Estimated Equity
63% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,626 /month
Positive
Cash Flow Estimate:
$1,542 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$792/month
$500/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,651
$770,960
2025
$189,930
$581,030
$770,960
No

Tax History

Year
Tax Paid
Assessed Value
2025
$5,651
$770,960

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
First Financial Bank
Unknown
$285,000
No
First
Feb 2, 2026
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$283,764
$487,196
63%
37%
$1,709/mo

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: Iola

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10615 Lancaster Dr | Property Details | No Agent List