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$280,000

1403 Illinois Ave, Lancaster, TX, 75134

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths2,062 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$135.79 / sqft
Year BuiltBuilt in 2013

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal
FlooringCarpet, Vinyl

Exterior

Lot Size8,725 sqft

Building Information

Year Built2013
Stories1
Roof Type105
Garage Spaces1

Land Information

APN360067100L0110000
Lot Number11
SubdivisionBoardwalk
Land UseResidential
Legal DescriptionBOARDWALK PH 2 BLK L LT 11 INT202500133107 DD06232025 CO-DC 0067100L01100 4CN0067100L
Census Tract016708
Assessed Land Value$70,000
Assessed Improvement Value$232,400
Assessment Year2025

About this property

Charming 3-bedroom, 2-bath home in the heart of Lancaster! This move-in-ready property features a bright, open layout with abundant natural light. The spacious living area includes a cozy fireplace, perfect for relaxing evenings. The dining area flows into a well-equipped kitchen with ample cabinetry and workspace. The primary suite offers a private ensuite bath, while the secondary bedrooms provide flexibility for guests, a home office, or family needs. Roof replaced in 2020 for added peace of mind. Enjoy a large backyard with endless possibilities—great for entertaining, gardening, or simply unwinding. Conveniently located near parks, schools, shopping, and major highways. A wonderful opportunity to own in a quiet, established neighborhood!

Investor Tools

Property Icon
$302,400
Estimated Property Value
$294,566Estimated Mortgage Balance
$12,581Estimated Equity
3% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,814 /month
Positive
Cash Flow Estimate:
$605 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$507/month
$101/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,570
$302,400
2025
$70,000
$232,400
$302,400
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,570
$302,400

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Equity Prime Mortgage Llc
Fha
$294,566
Yes
First
Jun 23, 2025
Jul 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$289,819
$12,581
4%
96%
$1,767/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,972/mo
$1,868/mo
+$104/mo
7.8%

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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