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$344,000

NAL Estimated Property Value

1345 Illinois Ave, Lancaster, TX, 75134

Off MarketInfo
Beds5 Beds
Baths3 Bath
Baths3,382 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$88.41 / sqft
Year BuiltBuilt in 2006

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 5Bedrooms 5
Bathrooms Full 3Bathrooms Full 3
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Range
FlooringCarpet, Ceramic Tile, Concrete

Exterior

Lot Size7,500 sqft

Building Information

Year Built2006
Stories2
Roof Type105
Garage Spaces2

Land Information

APN360067100B0280000
Lot Number28
SubdivisionBoardwalk
Land UseResidential
Legal DescriptionBOARDWALK PH 1 BLK B LT 28 INT202400040354 DD02282024 CO-DC 0067100B02800 4CN0067100B
Census Tract016708
Assessed Land Value$60,000
Assessed Improvement Value$266,330
Assessment Year2025

About this property

Welcome to this spacious 5-bedroom, 3-bathroom home with incredible potential! This diamond in the rough is a fixer-upper enthusiast's dream, awaiting your personal touch and creativity. The open floor plan invites endless possibilities, while the generous bedrooms provide ample space for family and guests. Imagine transforming the backyard into your private oasis. Conveniently located near schools, parks, and amenities, this property is priced to sell. Bring your vision and turn this canvas into your dream home. TLC required, but the possibilities are endless. Don't miss out on this opportunity!

Investor Tools

Property Icon
$344,000
Estimated Property Value
$143,905Estimated Mortgage Balance
$200,095Estimated Equity
58% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,064 /month
Positive
Cash Flow Estimate:
$688 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$786/month
$75/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,708
$326,330
2025
$60,000
$266,330
$326,330
No

Tax History

Year
Tax Paid
Assessed Value
2024
$7,708
$326,330

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
City Bank
Conventional
$150,000
No
First
Feb 28, 2024
Mar 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$143,905
$200,095
58%
42%
$900/mo

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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1345 Illinois Ave | Property Details | No Agent List