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$395,000

1501 Cedar Lane, Andrews, TX, 79714

On MarketInfo
Beds3 Beds
Baths2 Bath
Baths2,028 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$194.77 / sqft
Year BuiltBuilt in 2014

Property Lead Type:

High Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms 2Bathrooms 2
AppliancesElectric Water Heater, Self Cleaning Oven, Microwave, Dishwasher, Disposal
FlooringCarpet, Tile

Exterior

Lot Size7,336 sqft

Building Information

Year Built2014

Land Information

APN01605-00570-0000
Lot Number57
Land UseResidential
Legal DescriptionHERITAGE OAKES 6TH LOT 57
Census Tract950100
Assessed Land Value$15,393
Assessed Improvement Value$327,920
Assessment Year2025

About this property

Welcome to your dream home in Heritage Oakes offering 3 bedrooms and 2 bathrooms with an inviting living space & cozy fireplace that seamlessly flows into the dining area and kitchen. The kitchen boasts bar height seating, an island, granite countertops, stainless steel appliances, and a pantry for all your culinary needs. Enjoy a sequestered primary bedroom with an en-suite bathroom featuring dual sinks, soaking tub & separate closets. Backyard is complete with turf and a covered patio!

Investor Tools

Property Icon
$389,000
Estimated Property Value
$0Estimated Mortgage Balance
$265,513Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,370 /month
Positive
Cash Flow Estimate:
$790 /month

Interested in this property?

Daniel Montoya

Monument Realty

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$244/month
$280/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$987
$343,313
2025
$15,393
$327,920
$343,313
No

Tax History

Year
Tax Paid
Assessed Value
2025
$987
$343,313

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Commercial State Bank
Open End Mortgage / Open End With Future Advance Clause
$177,400
No
First
Jan 23, 2013
Jan 2014

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$123,487
$265,513
68%
32%
$1,064/mo

Learn About the Market: Opportunity in Texas

Local Market Pages
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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: Andrews

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