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$345,000

226 Oakwood Dr, Lancaster, TX, 75146

On MarketInfo
Just AddedInfo
Beds3 Beds
Baths2 Bath
Baths1,768 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$195.14 / sqft
Year BuiltBuilt in 1984

Property Lead Type:

Absentee 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 Cooktop, Electric Oven, Double Oven
FlooringCarpet, Ceramic Tile, Laminate

Exterior

Lot Size31,233 sqft

Building Information

Year Built1984
Stories1
Roof Type105
Garage Spaces2

Land Information

APN36082500030160000
Lot Number16
SubdivisionSouthwood
Land UseResidential
Legal DescriptionSOUTHWOOD ESTATE BLK 3 LT 0016 VOL85032/1501 DD02081985 CO-DC 0825000301600 4CN08250003
Census Tract016802
Assessed Land Value$65,000
Assessed Improvement Value$257,880
Assessment Year2025

About this property

Nestled on approximately 0.71 acres, this beautifully maintained 3-bedroom, 2-bath home offers the perfect balance of peaceful country-style living with the convenience of being just minutes from shopping, restaurants, entertainment, and major highways. If you've been searching for a property with room to breathe without sacrificing city conveniences, this is the one. Step inside to discover a warm and inviting floor plan featuring a spacious formal dining room that is perfect for holiday gatherings, entertaining guests, or creating a flexible second living or office space. The upgraded kitchen is the heart of the home and showcases stainless steel appliances, ample cabinetry, generous countertop space, and an open layout that makes meal preparation and entertaining a breeze. The secondary bathroom has been tastefully remodeled, while the primary bathroom has also been updated with thoughtful improvements. Attractive laminate hardwood flooring flows throughout much of the home, providing both style and easy maintenance. Outside is where this property truly shines. Enjoy your own private backyard retreat complete with a covered outdoor living area, a tranquil water feature that creates a relaxing atmosphere, and plenty of room for gardening, entertaining, or simply enjoying the peaceful surroundings. Two storage buildings provide exceptional space for tools, lawn equipment, hobbies, or additional storage. The expansive lot offers endless possibilities, whether you envision adding a workshop, creating additional outdoor recreation space, or simply enjoying the privacy and wide-open feel that larger lots provide. Mature trees and established landscaping further enhance the property's charm and curb appeal. Homes offering this much land, privacy, and convenience are becoming increasingly difficult to find. Experience the quiet lifestyle you've been looking for while remaining just minutes from everyday amenities.

Investor Tools

Property Icon
$322,880
Estimated Property Value
$59,195Estimated Mortgage Balance
$274,265Estimated Equity
82% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,070 /month
Positive
Cash Flow Estimate:
$690 /month

Interested in this property?

Brandi Shapiro

Brixstone Real Estate

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$263/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,544
$322,880
2025
$65,000
$257,880
$322,880
No

Tax History

Year
Tax Paid
Assessed Value
2025
$1,544
$322,880

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Ditech Financial Llc
Conventional
$59,195
No
First
Nov 22, 2017
Dec 2032

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$48,615
$274,265
84%
15%
$355/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,972/mo
$355/mo
+$1,617/mo
7.3%

Learn About the Market: Opportunity in Texas

Local Market Pages
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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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