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$279,000

NAL Estimated Property Value

1505 Elm Forest Way, Lancaster, TX, 75146

Off MarketInfo
LeaseInfo
Beds3 Beds
Baths2 Bath
Baths1,457 Sq Ft
price_per_sqft$1.58 / sqft
Year BuiltBuilt in 2024

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesElectric Range, Microwave, Refrigerator

Building Information

Year Built2024
Stories1
Roof Type105
Garage Spaces1

Land Information

APN870045500E0480000
Lot Number48
Land UseSingle Family Residences
Legal DescriptionBEAR CREEK RANCH PH 4 BLK E LT 48 INT202400218993 DD10282024 CO-DC 0045500E04800 4NT0045500E
Census Tract016802
Assessed Land Value$60,000
Assessed Improvement Value$218,170
Assessment Year2025

About this property

Gorgeous 3 Bedroom New Construction in Lancaster with Huge Backyard and Community Pool!! Don't miss this opportunity to own a like-new 3 bedroom, 2 bathroom home in a peaceful and family-friendly neighborhood in Lancaster, TX. This modern home offers an open and functional layout with spacious bedrooms and a beautifully designed kitchen perfect for hosting and daily living. Built just a few months ago, this property features a massive backyard ideal for entertaining, relaxing, or future projects. The Refrigerator is Included for your convenience. Enjoy community amenities such as a sparkling swimming pool and well-maintained common areas. This home combines comfort, space, and lifestyle. Schedule your showing today!

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$455/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
N/A
$278,170
2025
$60,000
$218,170
$278,170
No

Tax History

Year
Tax Paid
Assessed Value
2024
N/A
$278,170

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Dhi Mortgage Company Ltd
Conventional
$274,631
No
First
Oct 28, 2024
Nov 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$266,883
$12,117
4%
96%
$1,647/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,972/mo
$1,647/mo
+$325/mo
8.5%

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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1505 Elm Forest Way | Property Details | No Agent List