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$297,350

124 Martin Dr, Lancaster, TX, 75146

On MarketInfo
Just AddedInfo
Beds3 Beds
Baths1 Bath
Baths1,828 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$162.66 / sqft
Year BuiltBuilt in 1958

Property Lead Type:

Absentee OwnerHigh EquityMove-In Ready

Highlights

Interior

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

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

Mid Century home in established area. Beautiful condition and move in ready. Shaded front yard with oversized backyard featuring a large wood deck. Update with fresh paint, vinyl wood plank floors, Corian counters, updated bathrooms, ceiling fans, cen hac installed fall 2025, updated windows. As you enter on the right is a large formal combo living dining room with lots of light from big window. Go straight back to oversized family kitchen combination. Kitchen remodeled has lots of cabinets, electric stove, built-in microwave, dishwasher, window over sink. Fireplace chimney was removed making a mock but electric logs would work. Utility room has refrigerator, freezer space plus cabinets full size washer dryer connections. Door goes to attached garage. Another door in family room give access to back yard. Hall leads to 2 bath and 3 bedrooms. All have ceiling fans, good closet space. Security system remains and is owned. Roof is 12years old. Near golf course, dog park, old town square, grocery store with easy access to I 35, I 20, I 45. West Main Elementary is just blocks away. Within just a few miles to Cedar Valley College & The University of North Texas. 2o minutes to downtown Dallas, 40 min to DFW. One of lowest city tax rates in area. Churches for most denominations near. 2 Nature preserves near. Lancaster Park offers Rec center with pool and well stocked library.

Investor Tools

Property Icon
$277,460
Estimated Property Value
$144,000Estimated Mortgage Balance
$147,215Estimated Equity
48% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,784 /month
Positive
Cash Flow Estimate:
$595 /month

Interested in this property?

Ellen Clark

Town Square Realty

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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%

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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124 Martin Dr | Property Details | No Agent List