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$261,000

NAL Estimated Property Value

111 E 3rd Street, Lancaster, TX, 75146

Off MarketInfo
Beds4 Beds
Baths2 Bath
Baths1,736 Sq Ft
price_per_sqft$149.71 / sqft
Year BuiltBuilt in 1885

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating GasHeating Gas
CoolingCooling
AppliancesDishwasher, Electric Range, Microwave, Refrigerator
FlooringCarpet, Vinyl, Wood

Exterior

Exterior FeaturesStorage
Lot Size20,168 sqft

Building Information

Year Built1920
Stories2
Roof Type105
Garage Spaces2

Land Information

APN36000500340020000
SubdivisionOrig Town Lancaster
Land UseResidential
Legal DescriptionORIG TOWN LANCASTER BLK 34 TR 2 ACS 0.463 INT202200059999 DD02252022 CO-DC 0005003400200 4CN00050034
Census Tract016803
Assessed Land Value$115,970
Assessed Improvement Value$136,480
Assessment Year2025

About this property

Walk in the footsteps of time. 1880's Historic District.Originally built by Dr, Parks who owned 1st Automobile in Lancaster & wheel base is in the pear tree in back. Spirit of home begins with wrap around porch, entry's curve stairway, living area has shelving & cozy electric fireplace. Freshly painted the 2 story is located on almost half acre,fruit trees,beautiful pecan trees,storage building,chickens &chickens pen,raised garden beds carport in a full fenced yard. Living or formal dining and kitchen at the end of the hall. Down stairs bedroom has bath with shower. Enclosed porch for office, mudroom, Upstairs are 2 bdrmss& updated bath with tub. Original wood floors.. History attached with seller disclosure.

Investor Tools

Property Icon
$261,000
Estimated Property Value
$211,956Estimated Mortgage Balance
$49,044Estimated Equity
18% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,566 /month
Positive
Cash Flow Estimate:
$522 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$529/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,039
$252,450
2025
$115,970
$136,480
$252,450
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,039
$252,450

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
United Wholesale Mortgage
Conventional
$230,375
No
First
Feb 25, 2022
Mar 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$211,956
$49,044
18%
81%
$1,382/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,572/mo
$1,382/mo
+$1,190/mo
11.8%

City: Lancaster

111 E 3rd Street | Property Details | No Agent List