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Days74Days on Market
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$350,000

407 S Lamar St, Eastland, TX, 76448

On MarketInfo
Beds5 Beds
Baths2 Bath
Baths2,537 Sq Ft
price_per_sqft$137.96 / sqft
Year BuiltBuilt in 1940

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 5Bedrooms 5
Bathrooms 2Bathrooms 2
AppliancesNone
FlooringCeramic Tile, Laminate, Wood

Exterior

Lot Size24,829 sqft

Building Information

Year Built1940

Land Information

APN12015
SubdivisionOt Eastland
Land UseResidential
Legal DescriptionS24 OF 1 ALL 2 TR 6 BLK -D-2 OT EASTLAND
Census Tract950202
Assessed Land Value$12,400
Assessed Improvement Value$236,140
Assessment Year2025

About this property

Step back in time and experience the charm of this authentic 1940 Craftsman style home offering approximately2537 square feet of living space on a lot in the heart of Eastland. The lot extends from Lamar Street back to the next street going east. Rich with character and architectural detail, this home showcases the craftsmanship and timeless appeal that makes historic homes so desirable! The welcoming entry opens to an expansive foyer large enough to serve as a home office or sitting area. A stunning original wood Craftsman staircase creates a beautiful focal point and leads to the upper level, where you'll find two spacious bedrooms, a large full bath with a tub and shower combo, and a nice closet. One of the upstairs bedrooms is so large that it could easily be made into two bedrooms. Downstairs offers two bedrooms plus a versatile third room that could serve as an additional bedroom, office, or hobby space. Each floor has its own full bathroom. The kitchen is spacious with plenty of room for breakfast table and an island, and it leads into the large formal dining room with its beautiful wood ceiling, adding warmth and character to the space. Additional features include ceiling fans, storm windows, central HVAC downstairs, and classic craftsman details throughout. With its generous square footage, flexible floor plan, and historic charm, this unique property offers endless possibilities for restoration, modernization, or simply enjoying its timeless character. There are two outbuildings on in the backyard and a multi-vehicle carport at the rear entrance from the other street.

Investor Tools

$0Estimated Mortgage Balance
$248,540Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,100 /month
Positive
Cash Flow Estimate:
$700 /month

Interested in this property?

Glenn Copeland

Copeland and Co

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$462/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,304
$248,540
2025
$12,400
$236,140
$248,540
No

Tax History

Year
Tax Paid
Assessed Value
2025
$4,304
$248,540

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$248,540
100%
0%
$0/mo

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: Eastland

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407 S Lamar St | Property Details | No Agent List