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$613,000

NAL Estimated Property Value

400 N Houston School Road, Lancaster, TX, 75146

$679,501 ARVInfo
Off MarketInfo
Beds4 Beds
Baths5 Bath
Baths4,062 Sq Ft
FarmFarm
price_per_sqft$129.25 / sqft
Year BuiltBuilt in 1963

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Bathrooms Half 2Bathrooms Half 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Double Oven, Electric Cooktop
FlooringCarpet, Ceramic Tile, Wood

Exterior

Exterior FeaturesStorage
Lot Size5.95 acres

Building Information

Year Built1963
Stories2
Roof Type105
Garage Spaces4

Land Information

APN65020145510050000
SubdivisionB B B & C Rr Co
Land UseResidential
Legal DescriptionB B B & C RR CO ABST 201 PG 455 TR 5 ACS 5.951 INT202200114417 DD03242022 CO-DC 0201455100500 4CN02014551
Census Tract016802
Assessed Land Value$321,350
Assessed Improvement Value$226,540
Assessment Year2025

About this property

Beautiful 6-acre property surrounded on 3 sides by a deep freshwater creek with mature trees. The estate is currently located in a “Potential Redevelopment Area” and is zoned as Ag-open. The estate was home to a monastery and is still meticulously maintained by its members. With its current zoning it can be used as a convent, livestock & animal boarding services, group home, private-public school, and other non-profit organizations. With plenty of land and a stable you could raise crops, animals, or rezone and use as a commercial property. This is truly a rare one of a kind property.

Investor Tools

Property Icon
$613,000
Estimated Property Value
$469,880Estimated Mortgage Balance
$143,120Estimated Equity
23% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$679,501
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,678 /month
Positive
Cash Flow Estimate:
$1,226 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,041/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$9,426
$547,890
2025
$321,350
$226,540
$547,890
No

Tax History

Year
Tax Paid
Assessed Value
2024
$9,426
$547,890

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Matrix Financial Services Corp
Assumption
$494,700
Yes
First
Aug 14, 2023
Jun 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$469,880
$143,120
23%
77%
$2,966/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,972/mo
$2,966/mo
$-994/mo
3.9%

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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