Real opportunities. Driven by live market signals.
Updated every minute.

Browse Homes — Buy Direct, Deal on Your Terms

Updated Properties Icon
Updated Properties
Last 24 HoursLast 24 Hours
Gallery image 2
Gallery image 3
Gallery image 4
Gallery image 5

$442,680

NAL Estimated Property Value

515 S Dallas Ave, Lancaster, TX, 75146

Off MarketInfo
Beds3 Beds
Baths4 Bath
Baths2,816 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$141.69 / sqft
Year BuiltBuilt in 1975

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Cooktop, Double Oven
FlooringCarpet, Tile, Vinyl

Exterior

Exterior FeaturesCourtyard, Rain Gutters, Private Yard, Garden
Lot Size16,200 sqft

Building Information

Year Built1975
Stories1
Roof Type105
Garage Spaces4

Land Information

APN36000509400130100
SubdivisionOt Lancaster
Land UseResidential
Legal DescriptionOT LANCASTER BLK 94 TR 13.1 ACS 0.3699 INT202500117942 DD06052025 CO-DC 0005094001301 4CN00050940
Census Tract016803
Assessed Land Value$60,750
Assessed Improvement Value$381,930
Assessment Year2025

About this property

** ONCE IN A LIFETIME OPPORTUNITY ** UPDATED MODERN VINTAGE, 1.5-story unique custom-built rancher on 0.37 ACRE in the original LANCASTER HISTORIC DISTRICT! Looking for character and good bones? You've found it! HIGH-IMPACT ROOF 2022. WINDOWS (triple pane, double hung) + sliding doors 2020. WATER HEATER 2022. HVAC + BLOWN-IN INSULATION 2024. This house is in excellent condition! The central greatroom is the heart of this home - sitting in one place you can see multiple dining areas, the front of the upstairs loft, the sunroom in the back and the hallway to all three 1st-floor bedrooms. BADA$$ KITCHEN: Semi-galley design with INVERTED-L SHAPE Workspace + PUB-HEIGHT QUARTZ counters + WRAP-AROUND SERVICE BAR + Butler's pantry. Extraordinary kitchen design for this price: designer green paints, DOUBLE OVENS, pull-out drawers in kitchen cabs, built-in spice drawers under ELECTRIC COOKTOP, two double-door pantry cabinets, restored original vintage cabinet pulls & drawer handles. LVP wide-plank flooring transitions the living-dining-kitchen spaces into the hallways and provides terrific flooring flow. Upstairs is a large central loft with half bath, WETBAR + BALCONY overlooking the backyard. Storage galore: who else can say they have a CHRISTMAS CLOSET specifically to store seasonal decorations?! There's bonus floored attic space that can easily be developed into more living-sleeping area. NEW INSULATION - ROLLED & BLOWN-IN 2024. Large SOLARIUM with Satillo-tile floors overlooking the gardens-driveway to the back lawn. Covered walkway protected from weather between the house and OVERSIZED CARPORT + DETACHED GARAGE + WORKSHOP with half bath. Quiet neighborhood, NO HOA. Close to Country View Golf Club, Lancaster Dog Park, Tenmile Creek Preserve, Bishop Arts, Downtown Dallas. Pictures do not do this home justice. You can literally feel the 'cool' vibe as soon as you walk in and realize how big the house and yards are.

Investor Tools

Property Icon
$442,680
Estimated Property Value
$314,843Estimated Mortgage Balance
$127,837Estimated Equity
28% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,656 /month
Positive
Cash Flow Estimate:
$885 /month

Interested in this property?

Run an Owner Lookup!

Unlock Owner Contacts

Want alerts when something changes with this property?

Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$445/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,122
$442,680
2025
$60,750
$381,930
$442,680
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,122
$442,680

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
United Wholesale Mortgage
Conventional
$320,000
No
First
Jun 5, 2025
Jul 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$314,843
$127,837
28%
71%
$1,919/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,972/mo
$1,919/mo
+$53/mo
5.3%

Learn About the Market: Opportunity in Texas

Local Market Pages
Local Market Pages 2Local Market Pages 3Local Market Pages 4

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

No Agent List Top Properties.

These are Deal List properties graded A+, A.

Loading properties...

Sold Properties

Loading properties...

515 S Dallas Ave | Property Details | No Agent List