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$575,000

15 Lancaster Rd, Amarillo, TX, 79124

On MarketInfo
Beds3 Beds
Baths2 Bath
Baths3,445 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$166.91 / sqft
Year BuiltBuilt in 1975

Property Lead Type:

Must-SellAbsentee OwnerHigh EquityCash Buyers

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Bathrooms Half 1Bathrooms Half 1
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
HeatingHeating
CoolingCooling

Exterior

Exterior FeaturesBalcony
Lot Size1.11 acres

Building Information

Year Built1975
Stories2
Roof Type105
Garage Spaces7

Land Information

APNR-005-0070-5600
SubdivisionBishop Hills # 2 Corr
Land UseResidential
Legal DescriptionBISHOP HILLS # 2 CORR, BLK 0005, NE IRREG 162.68FT OF 36 & ALL OF 30
Census Tract014300
Assessed Land Value$15,540
Assessed Improvement Value$389,460
Assessment Year2025

About this property

Gorgeous property sitting on 1.1 acres with a stunning view. Split level home with 3 bedrooms, 2.5 bathrooms, 3 living areas, large kitchen and dining area plus a sunroom. One of the living areas has a wet bar and a large patio for entertaining. Oversized 2 car garage with a small shop plus a carport. This one is a must see!

Investor Tools

$0Estimated Mortgage Balance
$589,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,534 /month
Positive
Cash Flow Estimate:
$1,178 /month

Interested in this property?

Terry Phetluangsy

Moreland Real Estate Group

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$693/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,370
$405,000
2025
$15,540
$389,460
$405,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,370
$405,000

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$589,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,540/mo
N/A
+$1,540/mo
3.1%

City: Amarillo