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$399,600

NAL Estimated Property Value

229 Creekwood Dr, Lancaster, TX, 75146

Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths2,419 Sq Ft
price_per_sqft$171.52 / sqft
Year BuiltBuilt in 1974

Property Lead Type:

BankruptcyPre-ForeclosureOff-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 Oven, Electric Range
FlooringCeramic Tile, Marble, Wood

Exterior

Private PoolPrivate Pool
Exterior FeaturesLighting, Garden
Lot Size38,925 sqft

Building Information

Year Built1974
Stories1
Roof Type105
Garage Spaces2

Land Information

APN36017500000290000
Lot Number29
SubdivisionCreek Wood
Land UseResidential
Legal DescriptionCREEK WOOD ESTATES UNIT 2 LOT 29 INT202400249548 DD12092024 CO-DC 0175000002900 4CN01750000
Census Tract016802
Assessed Land Value$51,000
Assessed Improvement Value$348,600
Assessment Year2025

About this property

Make this stunning Spanish, modern hacienda your oasis away from the hustle and bustle of the city. Enter through elegant wrought iron doors to be welcomed into a large open living room with a stately floor to ceiling fireplace. Nestled on an almost one-acre lot this beautifully landscaped, heavily treed lot, offers a sanctuary. This remodeled property has 3 spacious bedrooms and 2.5 bathrooms, blending contemporary design and classic charm. A family room, living room, and beautiful pool deck are perfect for both relaxation and entertaining. Enjoy the luxury of a private pool and spa with views of a large lush green yard. From the pool patio deck there are views of a greenbelt which make it the perfect spot for sunbathing or sipping cool drinks. The primary suit has his and her vanities with walk-in closets. This property combines modern amenities and stylish Spanish architecture. Wood laminate flooring. Updated kitchen. Marble floors. Resurfaced Pool. Large lot. Almost an acre.

Investor Tools

Property Icon
$399,600
Estimated Property Value
$378,088Estimated Mortgage Balance
$21,512Estimated Equity
5% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,489 /month
Positive
Cash Flow Estimate:
$830 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$529/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,355
$399,600
2025
$51,000
$348,600
$399,600
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,355
$399,600

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
American Portfolio Mortgage Corp
Conventional
$387,845
No
First
Dec 9, 2024
Jan 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$378,088
$21,512
5%
95%
$2,326/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,972/mo
$2,326/mo
$-354/mo
5.9%

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.

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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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229 Creekwood Dr | Property Details | No Agent List