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$375,000

1620 N Houston School Rd, Lancaster, TX, 75134

On MarketInfo
Just AddedInfo
Beds3 Beds
Baths2 Bath
Baths1,732 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$216.51 / sqft
Year BuiltBuilt in 1965

Property Lead Type:

Absentee OwnerHigh EquityCash Buyers

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Cooktop, Electric Oven
FlooringCarpet, Linoleum, Tile

Exterior

Lot Size17,229 sqft

Building Information

Year Built1965
Stories1
Roof Type105
Garage Spaces2

Land Information

APN65046623630170000
SubdivisionWilliam Fleming Abst 466
Land UseResidential
Legal DescriptionWILLIAM FLEMING ABST 466 PG 236 TR 17 ACS .407 VOL0631/0713 CO-DALLAS 0466236301700 4CN04662363
Census Tract016707
Assessed Land Value$58,500
Assessed Improvement Value$205,220
Assessment Year2025

About this property

Rare Three-Lot Opportunity in Lancaster, Texas — Unlock the Potential! Discover a truly unique opportunity in a great Lancaster location with three adjoining lots being offered together, providing exceptional flexibility for homeowners, multi-generational living, or builders and investors. The existing 1,723-square-foot home, built in the mid-1960s and situated on a pier-and-beam foundation, offers a fantastic canvas for transformation. With the right vision and updates, this property has the potential to become something truly special—whether you envision restoring its character, creating a modern showplace, or developing a personalized family home. What makes this opportunity especially compelling are the two additional adjoining lots, one on each side of the existing home. These extra lots open the door to numerous possibilities: build additional homes for extended family, create a multi-generational compound, develop investment properties, or explore a builder or investor project with multiple homesites. Opportunities like this are increasingly hard to find—three contiguous lots, an existing home with renovation potential, and convenient access to Interstate 20, all in a growing and desirable Lancaster area, minutes from Downtown Dallas. Bring your vision, creativity, and plans. Whether you're looking to create a family legacy property, pursue a unique development project, or capitalize on the potential of multiple homesites, this is an opportunity worth exploring.

Investor Tools

$0Estimated Mortgage Balance
$263,720Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,250 /month
Positive
Cash Flow Estimate:
$750 /month

Interested in this property?

Aidan Flores

Coldwell Banker Realty

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$168/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$702
$263,720
2025
$58,500
$205,220
$263,720
No

Tax History

Year
Tax Paid
Assessed Value
2025
$702
$263,720

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$263,720
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
9.0%

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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