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$187,500

603 Pierson Street, Lancaster, TX, 75146

Off MarketInfo
Beds4 Beds
Baths2 Bath
Baths1,576 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$118.97 / sqft
Year BuiltBuilt in 1920

Property Lead Type:

Off-Market ListHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Electric Cooktop, Refrigerator
FlooringCarpet, Laminate

Exterior

Lot Size19,083 sqft

Building Information

Year Built1920
Stories1
Roof Type105

Land Information

APN36023500000130000
Lot Number13
SubdivisionDewberry Unrec
Land UseResidential
Legal DescriptionDEWBERRY UNREC LT 13 AKA EASTSIDE ACS BLK 2 LTS 23-25 INT202100021179 DD01222021 CO-DC 0235000001300 4CN02350000
Census Tract016903
Assessed Land Value$40,000
Assessed Improvement Value$174,400
Assessment Year2025

About this property

This property will not last long on the market. Must see in person to appreciate the amount of work and detail the seller has done this property. Located at the end of the street keeps your privacy to max and with the oversized lot plenty of room for outdoor activites plus a new roof. Lets talk about the interior we have oversized rooms, laminate flooring, new carpet in bedrooms,new paint,new water heater, new ac system,large laundry room and even comes with a fridge. This property has been fully remodeled and is ready immediate move in upon closing and funding.

Investor Tools

Property Icon
$242,000
Estimated Property Value
$0Estimated Mortgage Balance
$65,770Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,452 /month
Positive
Cash Flow Estimate:
$484 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$523/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,064
$214,400
2025
$40,000
$174,400
$214,400
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,064
$214,400

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Everett Financial Inc
Fha
$196,377
Yes
First
Jan 22, 2021
Feb 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$176,230
$65,770
27%
73%
$1,178/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,572/mo
$1,178/mo
+$1,394/mo
12.8%

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: Lancaster

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603 Pierson Street | Property Details | No Agent List