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$309,900

1213 Spring Water Dr, Lancaster, TX, 75134

On MarketInfo
Beds4 Beds
Baths2 Bath
Baths2,676 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$115.81 / sqft
Year BuiltBuilt in 2004

Property Lead Type:

BankruptcyPre-ForeclosureAbsentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Electric Range, Microwave
FlooringCarpet, Vinyl

Exterior

Lot Size7,500 sqft

Building Information

Year Built2004
Stories2
Roof Type105
Garage Spaces2

Land Information

APN360679000G0260000
Lot Number26
SubdivisionMeadowview
Land UseResidential
Legal DescriptionMEADOWVIEW PH 3 BLK G LT 26 VOL2005186/0680 09022005 CO-DC 0679000G02600 4CN0679000G
Census Tract016708
Assessed Land Value$65,000
Assessed Improvement Value$263,700
Assessment Year2025

About this property

Welcome to this spacious 2 story home offering 4 bedrooms plus a versatile loft, 2.5 baths, and a 2 car attached garage. This home has been thoughtfully updated with a brand new HVAC system, freshly painted interior, and new LVP flooring and carpet throughout, creating a fresh and move-in ready feel. The eat-in kitchen features new quartz countertops, stainless steel appliances, and ample cabinet space, opening nicely into the living area complete with a cozy fireplace. Upstairs, the loft offers flexible space perfect for a home office, playroom, or additional living area, while the fenced backyard provides a private outdoor retreat. Don't miss the opportunity to make this beautifully updated home yours!

Investor Tools

$125,587Estimated Mortgage Balance
$203,113Estimated Equity
61% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,972 /month
Positive
Cash Flow Estimate:
$657 /month

Interested in this property?

Steve Metarelis

Offerpad Brokerage, LLC

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$561/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,087
$328,700
2025
$65,000
$263,700
$328,700
No

Tax History

Year
Tax Paid
Assessed Value
2025
$5,087
$328,700

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Nationstar Mortgage Llc
Conventional
$136,500
No
First
May 16, 2022
Jun 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$125,587
$203,113
61%
38%
$819/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,572/mo
$819/mo
+$1,753/mo
9.4%

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: Lancaster

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1213 Spring Water Dr | Property Details | No Agent List