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$474,400

NAL Estimated Property Value

326 S Houston School Rd, Lancaster, TX, 75146

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,821 Sq Ft
price_per_sqft$186.1 / sqft
Year BuiltBuilt in 1974

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Cooktop, Electric Oven, Double Oven
FlooringCeramic Tile, Laminate

Exterior

Private PoolPrivate Pool
Exterior FeaturesRain Gutters
Lot Size37,858 sqft

Building Information

Year Built1974
Stories1
Roof Type105
Garage Spaces2

Land Information

APN36016500000060000
Lot Number6
SubdivisionCreek Wood
Land UseResidential
Legal DescriptionCREEK WOOD ESTATES UNIT 1 PT LOT 6 101.28X362.94X AVG INT201400232663 DD09102014 CO-DC 0165000000600 4CN01650000
Census Tract016802
Assessed Land Value$85,000
Assessed Improvement Value$389,400
Assessment Year2025

About this property

Tucked away on 1.29 acres in Creekwood Estates, this private retreat with two homes is surrounded by mature trees and designed for entertaining. The main home offers 4 bedrooms, 3 baths, 2 living areas, 2 dining areas, a spacious den with fireplace, and a game room with pool table included. The kitchen features granite counters, an island, and updated low-E windows throughout. Outdoors, enjoy a swimming pool, cabana with bath, expansive yard, fire pit, and greenhouse. A detached 3-car garage with bath is paired with separate apartment (built in 2001), with a full kitchen, living and dining room, 2 bedrooms, bath, and utility room! Altogether, this property includes garage space for 5 cars and multiple areas for gatherings—perfect for both everyday living and hosting. Recent updates include the roof, foundation, flooring, paint and more. There are two lots on this treed property. Altogether, you'll have a total of 6 bedrooms and more than 2,900-square-feet of living space!

Investor Tools

Property Icon
$474,400
Estimated Property Value
$485,578Estimated Mortgage Balance
$0Estimated Equity
0% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,150 /month
Positive
Cash Flow Estimate:
$1,050 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$761/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,759
$474,400
2025
$85,000
$389,400
$474,400
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,759
$474,400

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Crosscountry Mortgage Llc
Va
$489,125
Yes
First
Dec 19, 2025
Jan 2056

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$485,578
N/A
0%
102%
$2,933/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,572/mo
$2,933/mo
$-361/mo
6.5%

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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