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$450,000

1200 Lancaster Dr, Justin, TX, 76247

$470,090 ARVInfo
On MarketInfo
Just AddedInfo
Beds4 Beds
Baths2 Bath
Baths2,551 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$176.4 / sqft
Year BuiltBuilt in 2024

Property Lead Type:

Absentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2.5Bathrooms Full 2.5
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Gas Range, Microwave
FlooringCarpet, Ceramic Tile, Wood

Exterior

Lot Size9,095 sqft

Building Information

Year Built2024
Stories2
Roof Type105
Garage Spaces2

Land Information

APNR1026331
Lot Number23
SubdivisionThe Preserve Phase 1
Land UseResidential Single Family
Legal DescriptionTHE PRESERVE PHASE 1 BLK 1 LOT 23
Census Tract020319
Assessed Land Value$110,880
Assessed Improvement Value$348,559
Assessment Year2025

About this property

Welcome to 1200 Lancaster Drive in Northlake! This beautifully updated home offers amazing curb appeal, a spacious floor plan, and a fantastic location within a highly sought-after school district. Thoughtful updates throughout include beautiful wood flooring, modern black plumbing fixtures, updated shaker-style kitchen cabinetry, and more. The main level features a versatile front office or flex room, convenient half bath, and a large living room that flows seamlessly into the open kitchen, creating the perfect layout for everyday living and entertaining. Upstairs, a spacious game room provides an ideal secondary living area. The primary suite features a generous walk-in closet and beautifully updated bath, while two additional bedrooms and a full bath offer plenty of space for family or guests. The utility room is also conveniently located upstairs near the bedrooms—no hauling laundry up and down the stairs! Outside, the home sits on a great-sized lot with a spacious backyard and covered patio, offering plenty of room to play, entertain, or simply relax. Complete with a two-car garage and a location near excellent schools, this move-in-ready Northlake home is a must-see!

Investor Tools

$365,069Estimated Mortgage Balance
$94,370Estimated Equity
20% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$470,089
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,757 /month
Positive
Cash Flow Estimate:
$919 /month

Interested in this property?

Shelby Buehler

Keller Williams Realty-FM

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$934/month
$60/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$8,913
$459,439
2025
$110,880
$348,559
$459,439
No

Tax History

Year
Tax Paid
Assessed Value
2025
$8,913
$459,439

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Kbhs Home Loans Llc
Conventional
$377,461
No
First
Oct 30, 2024
Nov 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$365,069
$94,370
20%
79%
$2,264/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,120/mo
$2,324/mo
+$796/mo
8.1%

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: Justin

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