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$545,900

2406 Lancaster Dr, Austin, TX, 78748

On MarketInfo
Just AddedInfo
Beds3 Beds
Baths2 Bath
Baths2,170 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$251.57 / sqft
Year BuiltBuilt in 1975

Property Lead Type:

Absentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2.5Bathrooms Full 2.5
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
HeatingHeating
CoolingCooling
AppliancesDishwasher, Free Standing Range, Disposal, Microwave, Oven, Self Cleaning Oven
FlooringCarpet, Tile, Vinyl

Exterior

Exterior FeaturesPrivate Yard
Lot Size13,752 sqft

Building Information

Year Built1975
Stories2
Roof Type105
Garage Spaces2

Land Information

APN04262107190000
Lot Number15
SubdivisionCastlewood Forest Sec 7
Land UseResidential
Legal DescriptionLOT 15 BLK F CASTLEWOOD FOREST SEC 7
Census Tract031800
Assessed Land Value$280,162
Assessed Improvement Value$307,192
Assessment Year2025

About this property

Set beneath the mature canopy of Castlewood Forest, 2406 Lancaster offers the kind of South Austin setting that is increasingly hard to replicate: an established neighborhood, a generous .3157-acre lot, and a turnkey home with the space and flexibility to settle in and make your own. Inside, 2,160 square feet of conditioned living space includes 3 bedrooms, 2.5 baths, a 2-car garage, and a spacious conditioned sunroom overlooking an incredibly private backyard. With abundant natural light and views into the mature landscape, the sunroom feels like a true extension of the living space and an easy place to gather, work, read, or simply enjoy the quiet. The owner has thoughtfully prepared the property for market, making this a rare move-in-ready opportunity at an incredibly advantageous entry point into Castlewood Forest, where homes have sold into the high $900Ks. There is no mandatory HOA, but an active voluntary neighborhood association brings neighbors together for traditions including the Spring Fling, Summer Picnic, and Halloween party. Just beyond the neighborhood, South Menchaca has become one of South Austin's favorite local destinations, with Lulu's, Armadillo Den, Moontower Saloon, The Hive, Sam's Town Point, Bouldin Acres, coffee, food trucks, patios, pickleball, and live music nearby: big trees, privacy, wide walkable streets, and unmistakably South Austin.

Investor Tools

$180,896Estimated Mortgage Balance
$545,104Estimated Equity
75% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,356 /month
Positive
Cash Flow Estimate:
$1,452 /month

Interested in this property?

Michelle Hendrix

eXp Realty, LLC

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$534/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,773
$587,354
2025
$280,162
$307,192
$587,354
No

Tax History

Year
Tax Paid
Assessed Value
2025
$2,773
$587,354

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
A+ Fcu
Conventional
$200,000
No
First
Sep 27, 2021
Oct 2041

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$180,896
$545,104
75%
25%
$1,200/mo

City: Austin

2406 Lancaster Dr | Property Details | No Agent List