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$739,900

1865 Shady Ln, Lucas, TX, 75002

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths2,277 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$324.95 / sqft
Year BuiltBuilt in 1997

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
AppliancesDishwasher, Disposal, Electric Cooktop, Electric Oven, Gas Water Heater, Microwave
FlooringTile, Wood

Exterior

Exterior FeaturesGas Grill, Outdoor Grill, Outdoor Kitchen, Private Yard, Storage
Lot Size2.41 acres

Building Information

Year Built1997
Stories1
Garage Spaces2

Land Information

APNR-2501-000-0040-1
Lot Number4
SubdivisionPetway Farm Subdivision (Clu)
Land UseResidential
Legal DescriptionPETWAY FARM SUBDIVISION (CLU), LOT 4
Census Tract031420
Assessed Land Value$481,160
Assessed Improvement Value$351,915
Assessment Year2025

About this property

Welcome to Shady Lane! Your Private Retreat in Lucas, Texas. Tucked away on over 2.4 acres of serene, wooded and grassy land, this beautifully maintained custom home blends peace, privacy, and practicality. Freshly painted and ready for you! The farmhouse offers 3 spacious bedrooms and 2 full baths, including a secluded primary suite with a large walk-in closet and an oversized shower. The open concept kitchen is the heart of the home, featuring dual islands that's ideal for prepping, gathering, and entertaining. Walls of windows flood the space with natural light and showcase tranquil views of the surrounding landscape. Step outside to a true outdoor sanctuary: 1,150 sq. ft. of TREX decking, partially covered for year-round enjoyment, complete with a built-in gas grill and hot tub making this the perfect setting for morning coffee or evening unwinding. A barn or workshop with electricity provides space for hobbies, storage, or future projects. And for lake lovers, Lake Lavon and a public boat ramp are just a mile away. Enjoy country charm just minutes from city conveniences—schools, dining, and shopping. Shady Lane offers the best of both worlds. Come see it for yourself and fall in love.

Investor Tools

Property Icon
$833,075
Estimated Property Value
$690,650Estimated Mortgage Balance
$147,433Estimated Equity
17% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,998 /month
Positive
Cash Flow Estimate:
$1,666 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,017/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$8,033
$833,075
2025
$481,160
$351,915
$833,075
No

Tax History

Year
Tax Paid
Assessed Value
2024
$8,033
$833,075

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Credit Union Of Texas
Unknown
$690,650
No
First
Dec 10, 2025
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$685,642
$147,433
17%
82%
$4,141/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,570/mo
$4,141/mo
$-1,571/mo
3.7%

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.

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: Lucas

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1865 Shady Ln | Property Details | No Agent List