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$284,899

$297,350

124 Martin Dr, Lancaster, TX, 75146

On MarketInfo
Price DropInfo
Beds3 Beds
Baths2 Bath
Baths1,828 Sq Ft
price_per_sqft$155.85 / sqft
Year BuiltBuilt in 1958

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1Bathrooms Full 1
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Electric Range, Disposal, Gas Water Heater, Microwave
FlooringLuxury Vinyl Plank

Exterior

Lot Size12,368 sqft

Building Information

Year Built1958
Stories1
Roof Type105
Garage Spaces2

Land Information

APN36037500070170000
Lot Number17
SubdivisionHarvest Hill
Land UseResidential
Legal DescriptionHARVEST HILL 3 BLK G LOT 17 & N 10' LOT 16 VOL98105/2297 DD052298 CO-DALLAS 0375000701700 23603750007
Census Tract016803
Assessed Land Value$60,000
Assessed Improvement Value$217,460
Assessment Year2025

About this property

GREAT ESTABLISHED VINTAGE AREA. Relax and enjoy this midcentury ready to move in. Tree shaded lot with oversized fenced yard complete with a large wood deck to enjoy with family. Fresh paint, vinyl wood plank floors, Corian counters, updated bathrooms, ceiling fans, cen hac installed fall 2025, updated windows. You will enjoy living dining area with large windows. A large den kitchen updated with Corian counters plus lots of cabinets, electric stove, built-in microwave, dishwasher, window over sink. Fireplace chimney was removed but electric logs give the warm feeling but with no ashes. Utility room has refrigerator, freezer space plus cabinets full size washer dryer connections. Enter garage from utility room. Another door in family room give access to back yard. Hallway leads to 3 bedrooms & 2 baths. Bathrooms are updated. Bedrooms have ceiling fans and good closet space. Security system is owned and remains. Roof is 12years old. Near golf course, dog park, old town square and, grocery store. Easy access to I 35, I 20, I 45. West Main Elementary just blocks away. Within just a few miles to Cedar Valley College & The University of North Texas. 20 minutes to downtown Dallas, 40 min to DFW. Lancaster has one of lowest tax rates in area. Churches, rec center, library, plus 2 Nature preserves offer many amenities. Mark this one for visit soon. Owners has moved so close quickly and immediate possession. Ready for a family Thanksgiving and Christmas. No blind offers please.

Investor Tools

$130,245Estimated Mortgage Balance
$147,468Estimated Equity
53% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,709 /month
Positive
Cash Flow Estimate:
$570 /month

Interested in this property?

Ellen Clark

Town Square Realty

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$198/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$986
$277,460
2025
$60,000
$217,460
$277,460
No

Tax History

Year
Tax Paid
Assessed Value
2025
$986
$277,460

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Nationstar Mortgage Llc
Conventional
$144,000
No
First
Aug 20, 2021
Sep 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$130,245
$147,215
53%
47%
$864/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,972/mo
$864/mo
+$1,108/mo
8.5%

City: Lancaster