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$351,230

NAL Estimated Property Value

2516 Gerry Way St, Lancaster, TX, 75134

Off MarketInfo
Beds4 Beds
Baths2 Bath
Baths2,001 Sq Ft
price_per_sqft$144.43 / sqft
Year BuiltBuilt in 2001

Property Lead Type:

Deal ListAbsentee OwnerHigh EquityCash Buyers

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher
FlooringCeramic Tile

Exterior

Lot Size20,524 sqft

Building Information

Year Built2001
Stories1
Roof Type105
Garage Spaces2

Land Information

APN36073500030140000
Lot Number14
SubdivisionPlacid Meadows
Land UseResidential
Legal DescriptionPLACID MEADOWS BLK C LT 14 INT20070211617 DD06132007 CO-DC 0735000301400 4CN07350003
Census Tract016704
Assessed Land Value$65,000
Assessed Improvement Value$286,230
Assessment Year2025

About this property

**Seller's preferred lender is offering a 1% lender credit to go towards buyer's closing costs or an interest rate buy down.** Welcome to 2516 Gerry Way Street in Lancaster, a well-maintained home offering a solid foundation and plenty of potential. The property has been kept clean and cared for, featuring good bones that provide a wonderful opportunity for updates to match your personal style. Sitting on an oversized lot, this home boasts a huge backyard perfect for outdoor living, entertaining, or simply enjoying the extra space. With its spacious layout and inviting atmosphere, it is ready for new owners to make it their own. Conveniently located near schools, shopping, and major roadways, it offers both comfort and accessibility.

Investor Tools

Property Icon
$351,230
Estimated Property Value
$0Estimated Mortgage Balance
$351,230Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,107 /month
Positive
Cash Flow Estimate:
$702 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$738/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,094
$351,230
2025
$65,000
$286,230
$351,230
No

Tax History

Year
Tax Paid
Assessed Value
2024
$7,094
$351,230

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$351,230
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,572/mo
N/A
+$2,572/mo
8.8%

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.

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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2516 Gerry Way St | Property Details | No Agent List