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$485,000

1407 Lancelot Ave, Wolfforth, TX, 79382

On MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,616 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$185.4 / sqft
Year BuiltBuilt in 2013

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Gas Range, Microwave, Range Hood
FlooringCarpet, Hardwood, Tile

Exterior

Exterior FeaturesLighting, Outdoor Grill, Private Yard, Rain Gutters
Lot Size11,161 sqft

Building Information

Year Built2013
Roof Type105
Garage Spaces2

Land Information

APNR172303
Lot Number3400
SubdivisionPreston Manor
Land UseResidential
Legal DescriptionPRESTON MANOR L 340
Census Tract010419
Assessed Land Value$72,000
Assessed Improvement Value$347,322
Assessment Year2025

About this property

Nestled in the highly desirable Preston Manor community, this impressive 4 bedroom 3 bath home offers luxury living with exceptional neighborhood amenities including a pool, clubhouse, tennis courts, and more. Inside you will find beautiful wood floors, a formal dining room, and special ceilings with wood beams. The isolated master suite is a true retreat featuring an airflow tub, oversized shower, and a spacious walk in closet with built ins. The three extra bedrooms are thoughtfully situated with easy access to each, while still providing privacy. A covered patio and versatile bonus room provide the perfect spaces for relaxing and entertaining. Don't miss showing this well cared for home located in Frenship ISD!

Investor Tools

Property Icon
$464,000
Estimated Property Value
$249,000Estimated Mortgage Balance
$120,847Estimated Equity
46% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,910 /month
Positive
Cash Flow Estimate:
$970 /month

Interested in this property?

Rhonda Vanderburg

WestMark Companies

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,079/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$10,628
$419,322
2025
$72,000
$347,322
$419,322
No

Tax History

Year
Tax Paid
Assessed Value
2024
$10,628
$419,322

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
First Federal Bank
Conventional
$249,000
No
First
May 27, 2020
Jun 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$343,153
$120,847
26%
74%
$2,455/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,790/mo
$2,455/mo
$-665/mo
4.6%

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.

Explore Texas Explore This Area
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: Wolfforth

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1407 Lancelot Ave | Property Details | No Agent List