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$368,160

NAL Estimated Property Value

237 Southwood Dr, Lancaster, TX, 75146

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,197 Sq Ft
price_per_sqft$147.93 / sqft
Year BuiltBuilt in 1965

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
Indoor FireplaceIndoor Fireplace
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Electric Range
FlooringCombination, Hardwood, Laminate, Tile

Exterior

Private PoolPrivate Pool
Lot Size24,969 sqft

Building Information

Year Built1965
Stories1
Roof Type105

Land Information

APN36082500030260000
Lot Number26
SubdivisionSouthwood
Land UseResidential
Legal DescriptionSOUTHWOOD ESTATE BLK 3 LT 26 INT202000174394 DD06302020 CO-DC 0825000302600 4CN08250003
Census Tract016802
Assessed Land Value$65,000
Assessed Improvement Value$303,160
Assessment Year2025

About this property

Welcome to 237 Southwood Drive, a spacious and versatile home tucked away in a quiet, established Lancaster neighborhood. Designed with flexibility in mind, this property offers a layout that can easily adapt to a variety of living needs. A standout feature is the converted garage, thoughtfully transformed into a generous primary suite, creating the rare opportunity to enjoy **two primary suites** under one roof. Whether accommodating multigenerational living, long-term guests, or simply providing extra privacy and comfort, this unique setup offers endless possibilities. At the back of the home, you'll find an expansive enclosed room currently used as a media room. This oversized space could also serve as a game room, home office, fitness area, or additional entertaining space. Step outside to your own private retreat. The cozy pool area provides the perfect place to relax and unwind, while the expansive lot offers room to garden, play, entertain, or customize to fit your lifestyle. Conveniently located near shopping, dining, schools, and everyday amenities, this home is also just minutes from Lancaster's quaint downtown district and provides easy access to nearby Red Oak. If you've been searching for a home with space, versatility, and a prime location in an established community, 237 Southwood Drive is ready to welcome you home. THERE IS NO EXISTING SURVEY. Please ensure offers reflect this.

Investor Tools

Property Icon
$368,160
Estimated Property Value
$178,227Estimated Mortgage Balance
$189,933Estimated Equity
51% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,209 /month
Positive
Cash Flow Estimate:
$736 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$793/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,672
$368,160
2025
$65,000
$303,160
$368,160
No

Tax History

Year
Tax Paid
Assessed Value
2025
$7,672
$368,160

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Novus Home Mortgage
Fha
$202,268
Yes
First
Jun 30, 2020
Jul 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$178,227
$189,933
51%
48%
$1,213/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,572/mo
$1,213/mo
+$1,359/mo
8.4%

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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237 Southwood Dr | Property Details | No Agent List