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$290,000

1557 Addison Dr, Lancaster, TX, 75134

$335,076 ARVInfo
On MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,837 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$157.87 / sqft
Year BuiltBuilt in 2022

Property Lead Type:

BankruptcyAuctionPre-ForeclosureAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Gas Range, Microwave
FlooringCeramic Tile, Laminate

Exterior

Lot Size6,622 sqft

Building Information

Year Built2022
Stories1
Roof Type105
Garage Spaces2

Land Information

APN360755100F0520000
Lot Number52
SubdivisionPleasant Run
Land UseResidential
Legal DescriptionPLEASANT RUN ESTATES PH 1B BLK F LT 52 ACS 0.1519 INT202400060507 DD03222024 CO-DC 0755100F05200 4CN0755100F
Census Tract016707
Assessed Land Value$75,000
Assessed Improvement Value$275,740
Assessment Year2025

About this property

Welcome to this beautiful home featuring an expansive open-concept design with a spacious den, soaring ceilings, dedicated dining area, and a stunning kitchen perfect for gathering. The kitchen showcases granite countertops, a stylish tile backsplash, a large island, and an oversized deep sink. The desirable split-bedroom layout offers a private primary suite complete with a generous walk-in closet and a relaxing bath featuring a garden tub and separate shower. A second living area near the entry provides flexible space that can be tailored to fit your lifestyle—whether used as an office, game room, or additional gathering space. Step outside to the back patio and enjoy peaceful views of the neighboring ranch, creating a serene country-like setting while still being conveniently located just minutes from schools, shopping, dining, and entertainment.

Investor Tools

$284,606Estimated Mortgage Balance
$67,535Estimated Equity
18% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$335,075
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,104 /month
Positive
Cash Flow Estimate:
$701 /month

Interested in this property?

Floyd Stanmore

Lanee Scott Realtors, LLC

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$845/month
$650/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$8,387
$350,740
2025
$75,000
$275,740
$350,740
No

Tax History

Year
Tax Paid
Assessed Value
2024
$8,387
$350,740

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Fairway Independent Mortgage Corp
Va
$296,175
Yes
First
Mar 22, 2024
Apr 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$284,606
$66,134
18%
81%
$1,776/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,572/mo
$2,426/mo
+$146/mo
8.8%

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.

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: Lancaster

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