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$336,000

NAL Estimated Property Value

1431 Illinois Ave, Lancaster, TX, 75134

Off MarketInfo
Beds4 Beds
Baths2 Bath
Baths2,468 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$141.77 / sqft
Year BuiltBuilt in 2013

Property Lead Type:

BankruptcyPre-ForeclosureOff-Market ListAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Range, Electric Water Heater, Microwave
FlooringCarpet, Ceramic Tile, Vinyl

Exterior

Lot Size7,750 sqft

Building Information

Year Built2013
Stories1
Roof Type105
Garage Spaces2

Land Information

APN360067100L0180000
Lot Number18
SubdivisionBoardwalk
Land UseResidential
Legal DescriptionBOARDWALK PH 2 BLK L LT 18 INT202200306402 DD11302022 CO-DC 0067100L01800 4CN0067100L
Census Tract016708
Assessed Land Value$70,000
Assessed Improvement Value$251,050
Assessment Year2025

About this property

Back on the market! No fault of property! Modernized and move in ready! This single level 4-bedroom, 2 bath, 2 car garage built in 2013 with over 2400 sqft and offers a study or home office. This reimagined home boasts an open floor plan that offers natural light and is perfect for a family or entertaining. The kitchen and living area are the heart of this home offering an island, eat in kitchen, breakfast nook, equipped with stainless-steel appliances. The spacious primary bedroom offers high ceilings and the primary bath offers dual sinks, garden tub, separate shower and walk in closet. The backyard is perfect for pets, family and entertaining. Minutes from major highways i35 and i20 and easy access into downtown Dallas. This modern reimagined home is a must see! Don’t miss out!

Investor Tools

Property Icon
$336,000
Estimated Property Value
$327,213Estimated Mortgage Balance
$8,787Estimated Equity
2% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,099 /month
Positive
Cash Flow Estimate:
$700 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$531/month
$75/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
N/A
$321,050
2025
$70,000
$251,050
$321,050
No

Tax History

Year
Tax Paid
Assessed Value
2024
N/A
$321,050

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Usaa Fsb
Conventional
$349,900
No
First
Nov 30, 2022
Dec 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$327,213
$8,787
2%
97%
$2,098/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,572/mo
$2,173/mo
+$399/mo
9.2%

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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1431 Illinois Ave | Property Details | No Agent List