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$250,020

NAL Estimated Property Value

428 N State St, Lancaster, TX, 75146

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths1,496 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$167.05 / sqft
Year BuiltBuilt in 1857

Property Lead Type:

Absentee Owner

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Bathrooms Half 1Bathrooms Half 1
Heating GasHeating Gas
CoolingCooling
AppliancesDishwasher, Disposal, Electric Range, Electric Water Heater

Exterior

Lot Size18,165 sqft

Building Information

Year Built1857
Stories1
Roof Type112
Garage Spaces2

Land Information

APN36000500320060000
SubdivisionOrig Town Lancaster
Land UseResidential
Legal DescriptionORIG TOWN LANCASTER TR 1 ACS 0.4170 INT202300256943 DD12082023 CO-DC 0005003200600 4CN00050032
Census Tract016803
Assessment Year2025

About this property

COMPLETE UPDATED 4 BEDROOM AND 2.5 BATHROOM HOME IN A LANCASTER HISTORIC CITY LIMIT.HOME FEATURES WHOLE HOUSE NEW DECKING AND MOST OF THE BEAM HAS REPLACED,WHOLE HOUSE VINYL WATERPROOF FLOORING,,NEW PLUMPING SYSTEM ,ELECTRICAL SWITCHES,NEW CENTRAL AC INSIDE AND OUTSIDE INCLUDE NEW DUCT.NEW KITCHEN CABINET INCLUDE GRANITE COUNTER TOP,DUAL KITCHEN SINK,NEW VANITIES WITH GRANITE TOP.BATHROOM UPDATED WITH STANDING SHOWER.ALL DOORS AND WINDOWS ARE BRAND NEW.NEW LIGHT FIXTURES,NEW CEILING FANS.WHOLE HOUSE OUTSIDE SIDING REPLACED AND PAINTED INSIDE AND OUTSIDE.DETTACHED SMALL HOUSE CAN USE FOR GARAGE OR WORKSHOP FOR CONTRACTORS EVEN CAN USE FOR CHICKEN FARM.ALL WORKS HAS DONE WITH CITY PERMIT. DON'T MISS THIS HOUSE TO OWN IT.LOCATION HAS LOT OF SPACE TO PARK HEAVEY TRUCK OR TRAILER.

Investor Tools

Property Icon
$250,020
Estimated Property Value
$186,613Estimated Mortgage Balance
$63,407Estimated Equity
25% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,500 /month
Positive
Cash Flow Estimate:
$500 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$596/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,906
$250,020
2025
N/A
N/A
$250,020
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,906
$250,020

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Cornerstone First Mortgage Inc
Conventional
$187,425
No
First
Feb 4, 2026
Mar 2056

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$186,613
$63,407
25%
75%
$1,124/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,565/mo
$1,124/mo
+$441/mo
7.5%

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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428 N State St | Property Details | No Agent List