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$352,910

121 Melrose Ln, Lancaster, TX, 75146

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths2,197 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$87.62 / sqft
Year BuiltBuilt in 1951

Property Lead Type:

Off-Market ListDeal ListAbsentee OwnerHigh EquityCash Buyers

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher

Exterior

Lot Size16,395 sqft

Building Information

Year Built1951
Stories1
Roof Type105
Garage Spaces2

Land Information

APN36036500060110000
Lot Number10-11
SubdivisionHarvest Hill
Land UseResidential
Legal DescriptionHARVEST HILL 2 BLK F LT 11 & & S 1/2 LT 10 INT202500075404 DD04112025 CO-DC 0365000601100 4CN03650006
Census Tract016803
Assessed Land Value$75,000
Assessed Improvement Value$277,910
Assessment Year2025

About this property

Spacious home. Needs some TLC, home sits on a beautiful lot with towering trees. Sit on your private lrg covered patio and enjoy the rustling of the trees and chirping of the birds. Two lrg living rooms, formal dining room, breakfast roof off the kitchen. Nice size pantry. Space off the garage would be a cute mud room. Original wood floors throughout most of the home. Gas hot water heater and heating. Driveway from one side of home around to the other, plenty of space for family parking or guest.

Investor Tools

Property Icon
$352,910
Estimated Property Value
$0Estimated Mortgage Balance
$352,910Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,117 /month
Positive
Cash Flow Estimate:
$706 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$343/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,348
$352,910
2025
$75,000
$277,910
$352,910
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,348
$352,910

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$352,910
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,972/mo
N/A
+$1,972/mo
6.7%

Learn About the Market: Opportunity in Texas

Local Market Pages
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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: Lancaster

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121 Melrose Ln | Property Details | No Agent List