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$361,000

NAL Estimated Property Value

225 Creekwood Dr, Lancaster, TX, 75146

Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths2,466 Sq Ft
price_per_sqft$154.1 / sqft
Year BuiltBuilt in 1976

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Bathrooms Half 1Bathrooms Half 1
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Cooktop, Electric Oven, Microwave
FlooringCarpet, Wood

Exterior

Exterior FeaturesOutdoor Grill, Storage
Lot Size1.04 acres

Building Information

Year Built1976
Stories2
Roof Type105
Garage Spaces2

Land Information

APN36017500000280000
Lot Number28
SubdivisionCreek Wood
Land UseResidential
Legal DescriptionCREEK WOOD ESTATES UNIT 2 LT 28 INT202300060918 DD03292023 CO-DC 0175000002800 4CN01750000
Census Tract016802
Assessed Land Value$51,000
Assessed Improvement Value$309,340
Assessment Year2025

About this property

Unique Octagon! The outside of this home features a full balcony that circle the entire home. Plenty of room to enjoy nature tucked away for privacy. The inside of the home is a must see, the first floor features a not only tons of natural sunlight from the floor to almost ceiling windows but this home also has a open floorplan with a rounded fireplace in the center of the room. On the second level you will find three bedrooms and two full baths. You also have a plenty of room outside to enjoy family BBQ's and a Sunroom that can also be used a a greenhouse for plant lovers.

Investor Tools

Property Icon
$361,000
Estimated Property Value
$282,521Estimated Mortgage Balance
$78,479Estimated Equity
21% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,280 /month
Positive
Cash Flow Estimate:
$760 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$816/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,983
$360,340
2025
$51,000
$309,340
$360,340
No

Tax History

Year
Tax Paid
Assessed Value
2024
$7,983
$360,340

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Fairway Independent Mortgage Corp
Conventional
$300,000
No
First
Mar 29, 2023
Apr 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$282,521
$78,479
21%
78%
$1,799/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,972/mo
$1,799/mo
+$173/mo
6.6%

City: Lancaster