$275,000
1628 Riverway Ln, Lancaster, TX, 75146
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LOOKING FOR PEACE AND QUIET! Seller in process of getting up to date survey. Home is a 1965 brick home ready for an update. Hardwood floors, pine paneling, wood burning fireplace,3 bedrooms, 2 baths, 2 living areas. Almost new roof and h ac unit. Very livable. Original family owned. Home raised out of flood plain in early 1990's and currently requires no flood insurance on home. New elevation with new flood levels since 2004 flood show house was .2 above flood level. Lender required flood insurance. Most of the other acreage is in a flood plain. Part is mowed with numerous trees including pecans. Balance is lots of trees and undergrowth that could be cleared. Sit on your deck watching nature at its best. Birds, squirrels, few coyotes, maybe bob cats and other critters in your own nature preserve. Barn has about 576 square feet but no electricity and dirt floor. Family does not remember barn flooding in the past. There is a long drive around home to enter the 2-car garage. There is a plan by TRA to install a large sewer line along Riverway in January 2027 with a promise of never blocking access to home. New owner will need to negotiate with TRA for the funds to be paid for this because construction easement is in front yard. Drawing from TRA in documents. If additional building is being considered buyer need to talk to the city building department. Adjustment in price because with many showings and numerous offers over list price required another look at value.
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Learn About the Market: Opportunity in Texas




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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.
Population Growth
~1.3% annually
Net Migration
Positive
Median Home Price
$283,800
Unemployment Rate
4.3%
Price Trend
Flat
New Permits
158,121
City: Lancaster
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