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$300,000

1838 Sierra Trl, Lancaster, TX, 75146

PendingInfo
Beds3 Beds
Baths2 Bath
Baths2,227 Sq Ft
price_per_sqft$134.71 / sqft
Year BuiltBuilt in 2005

Property Lead Type:

BankruptcyPre-ForeclosureAbsentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Oven, Electric Range, Electric Water Heater, Gas Range, Microwave
FlooringCarpet, Vinyl

Exterior

Lot Size5,671 sqft

Building Information

Year Built2005
Stories1
Roof Type105
Garage Spaces2

Land Information

APN870013000W0140000
Lot Number14
SubdivisionBear Creek Ranch
Land UseResidential
Legal DescriptionBEAR CREEK RANCH PH 1 BLK W LT 14 INT201800137153 DD05142018 CO-DC 0013000W01400 4NT0013000W
Census Tract016802
Assessed Land Value$60,000
Assessed Improvement Value$247,470
Assessment Year2025

About this property

WOW!! NEW PRICE + BIG VALUE! Seller has reduced the price —making this one of the best opportunities in the area 300K What! This move-in-ready home has been thoughtfully refreshed from top to bottom. Enjoy fresh interior paint, and luxury vinyl plank flooring throughout, creating a clean, modern feel the moment you walk in. The kitchen has been upgraded with beautiful new quartz countertops, giving the heart of the home a stylish, updated look that's perfect for everyday living and entertaining. The functional floor plan offers comfortable living spaces, generous natural light, and a layout that works for growing families, first-time buyers, or anyone looking for a turnkey home without the hassle of renovations. With major updates already completed and valuable seller incentives available, this is the kind of opportunity buyers wait for. Conveniently located with easy access to shopping, dining, schools, and major commuting routes, this home delivers both value and lifestyle. Fresh updates. Reduced price. Schedule your showing today before someone else takes advantage of this incredible deal.

Investor Tools

$159,938Estimated Mortgage Balance
$148,295Estimated Equity
50% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,845 /month
Positive
Cash Flow Estimate:
$615 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$408/month
$435/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,364
$307,470
2025
$60,000
$247,470
$307,470
No

Tax History

Year
Tax Paid
Assessed Value
2025
$3,364
$307,470

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Gateway First Bank
Fha
$191,468
Yes
First
May 14, 2018
Jun 2048

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$159,938
$165,062
50%
52%
$1,148/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,972/mo
$1,583/mo
+$389/mo
7.7%

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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1838 Sierra Trl | Property Details | No Agent List