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Days21Days on Market
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$469,000

$450,000

1151 Lynn Way, Waxahachie, TX, 75165

On MarketInfo
Price DropInfo
Beds3 Beds
Baths3 Bath
Baths2,580 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$181.78 / sqft
Year BuiltBuilt in 1974

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2.5Bathrooms Full 2.5
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Electric Cooktop, Electric Water Heater
FlooringCarpet, Vinyl

Exterior

Exterior FeaturesStorage
Lot Size1.11 acres

Building Information

Year Built1974
Stories1
Roof Type105
Garage Spaces5

Land Information

APN00.8117.906.003.00.112
Lot Number3
SubdivisionSanger Creek Est Ph 1
Land UseResidential
Legal DescriptionLOT 3 BLK F SANGER CREEK EST PH 1 1.11 AC
Census Tract060219
Assessed Land Value$140,000
Assessed Improvement Value$317,147
Assessment Year2025

About this property

Rare custom home on over an acre, this one-of-a-kind property backs to a tree-lined creek, creating a peaceful backyard setting. The home is located outside city limits with no HOA and offers the perfect blend of timeless character and thoughtful modern improvements, along with an exceptional detached workshop. Designed to maximize its square footage, the flexible floor plan offers two living areas, two dining spaces, a walk-in wet bar, built-in office nook, and a light-filled plant solarium. Original custom features including exposed brick, vaulted wood-beamed ceilings, and a dramatic freestanding fireplace preserve the home’s character while extensive renovations create a bright, move-in-ready interior. The spacious primary bathroom was completely transformed into a spa-like retreat featuring dual full-size vanities, two separate closets, a walk-in shower, and a freestanding soaking tub. The insulated 25x30 custom workshop is every bit as impressive, offering generous workspaces, a fully floored attic, an additional 10x25 dedicated lawn equipment bay, updated electrical including 240V service, and hidden trailer parking behind the building. Combined with the attached two-car garage, the property offers ample space for hobbies, projects, equipment, or a home-based business. Thoughtfully improved over the past five years, the home has benefited from extensive professional renovations and infrastructure investments, including updated kitchen finishes, updated flooring and finishes throughout, whole-home generator-ready capability, chimney restoration, landscaping enhancements, and one of the home’s most significant upgrades: a completely new under-slab plumbing system backed by a transferable 20-year warranty. Simply move in and enjoy a truly custom home where the hard work has already been done!

Investor Tools

$297,044Estimated Mortgage Balance
$161,257Estimated Equity
35% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,814 /month
Positive
Cash Flow Estimate:
$938 /month

Interested in this property?

Danae Hewitt

eXp Realty LLC

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$641/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,405
$457,147
2025
$140,000
$317,147
$457,147
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,405
$457,147

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Guild Mortgage Co
Conventional
$273,004
No
First
Dec 18, 2020
Jan 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$297,044
$160,103
35%
65%
$1,967/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,972/mo
$1,967/mo
+$5/mo
5.2%

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.

Explore Texas Explore This Area
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: Waxahachie

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1151 Lynn Way | Property Details | No Agent List