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$334,000

NAL Estimated Property Value

122 E 7th St, Lancaster, TX, 75146

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,698 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$198.47 / sqft
Year BuiltBuilt in 1939

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1Bathrooms Full 1
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Oven, Microwave
FlooringHardwood

Exterior

Lot Size22,216 sqft

Building Information

Year Built1939
Stories1
Roof Type105
Garage Spaces2

Land Information

APN36000500740250000
Lot Number25
SubdivisionOrig Town Lancaster
Land UseResidential
Legal DescriptionORIG TOWN LANCASTER BLK 74 LT 25 ACS 0.510 INT20080199559 DD06112008 CO-DC 0005007402500 4CN00050074
Census Tract016803
Assessed Land Value$127,740
Assessed Improvement Value$167,810
Assessment Year2025

About this property

Step into timeless character on a sprawling half-acre lot in town. 3-bedroom, 2-bath historic home that blends classic charm and comfort. Original hardwood floors run throughout. The updated kitchen features granite countertops, island bar, lots of storage and space. Outside is has a large sitting area with an outdoor fireplace for entertaining or just enjoying morning coffee or relaxing evenings. The board-on-board fenced backyard offers privacy, and with the gated entry adds security. Plenty of room to roam and play. Need extra space or income potential? You’ve got an efficiency apartment above the garage with a separate entrance—perfect for guests, extended family, or rental income. The garage is insulated, heated, and cooled, and there are additional outdoor buildings for storage, hobbies, or projects. The seller is offering $10,000 for the buyer to use toward closing costs, updates, or however they choose. Historic. Functional. Room to breathe. This one’s got personality and options— lots of potential here.

Investor Tools

Property Icon
$334,000
Estimated Property Value
$278,089Estimated Mortgage Balance
$55,911Estimated Equity
16% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,022 /month
Positive
Cash Flow Estimate:
$674 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$353/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,568
$295,550
2025
$127,740
$167,810
$295,550
Yes (2023)

Tax History

Year
Tax Paid
Assessed Value
2024
$2,568
$295,550

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
United Wholesale Mortgage
Unknown
$279,300
No
First
Feb 26, 2026
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$278,089
$55,911
16%
83%
$1,675/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,565/mo
$1,675/mo
$-110/mo
5.6%

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.

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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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122 E 7th St | Property Details | No Agent List