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$506,620

1542 W Reindeer Rd, Lancaster, TX, 75146

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,372 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$393.51 / sqft
Year BuiltBuilt in 1922

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityCash BuyersMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1Bathrooms Full 1
Indoor FireplaceIndoor Fireplace
Heating CentralHeating Central
CoolingCooling
AppliancesElectric Range
FlooringLaminate

Exterior

Exterior FeaturesPrivate Entrance
Lot Size4.85 acres

Building Information

Year Built1922
Stories1
Roof Type105
Garage Spaces2

Land Information

APN65128880010040100
SubdivisionM W Spencer Survey Abstract #1288
Land UseResidential
Legal DescriptionM W SPENCER ABST 1288 PG 800 TR 4.1 ACS 4.85 INT202400214011 DD10212024 CO-DC 1288800100401 4CN12888001
Census Tract016802
Assessed Land Value$261,900
Assessed Improvement Value$244,720
Assessment Year2025

About this property

Charming Country Retreat on 5.27 Acres – Fully Remodeled Gem! This beautifully renovated 3-bedroom, 2-bathroom home, originally built in 1922, perfectly blends historic charm with modern upgrades, this residence is nestled on a stunning 5.27-acre property surrounded by mature oak trees, offering the ultimate retreat for those seeking privacy and space. The interior boasts a cozy wood-burning fireplace making it perfect for family gatherings. The kitchen granite countertops, a marble backsplash. Step outside to enjoy the covered decks providing ideal spots for morning coffee or entertaining guests while enjoying the serene views of your expansive acreage, the possibilities for this property are endless — whether you’re looking to establish a mini-ranch, create a garden oasis, or simply enjoy the wide-open space. This rare find combines country living with modern conveniences and is a true must-see, experience the tranquility and endless potential of this exceptional property!

Investor Tools

Property Icon
$506,620
Estimated Property Value
$0Estimated Mortgage Balance
$506,620Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,239 /month
Positive
Cash Flow Estimate:
$1,080 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$996/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$9,418
$506,620
2025
$261,900
$244,720
$506,620
No

Tax History

Year
Tax Paid
Assessed Value
2024
$9,418
$506,620

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$528,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,972/mo
N/A
+$1,972/mo
4.7%

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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1542 W Reindeer Rd | Property Details | No Agent List