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$276,000

NAL Estimated Property Value

608 Laurel St, Lancaster, TX, 75134

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,747 Sq Ft
price_per_sqft$160.22 / sqft
Year BuiltBuilt in 1959

Property Lead Type:

BankruptcyOff-Market ListAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Dryer, Electric Range, Microwave, Washer
FlooringVinyl

Exterior

Lot Size8,285 sqft

Building Information

Year Built1959
Stories1
Roof Type105
Garage Spaces2

Land Information

APN36061500070050000
Lot Number5
SubdivisionLancaster Terrace
Land UseResidential
Legal DescriptionLANCASTER TERRACE 2 BLK 7 LT 5 INT22500069630 DD03312025 CO-DC 0615000700500 4CN06150007
Census Tract016706
Assessed Land Value$55,000
Assessed Improvement Value$192,380
Assessment Year2025

About this property

NEW PRICE REDUCTION. QUALIFIED BUYER MAY RECEIVE UP TO $9,000 IN DOWNPAYMENT ASSISTANCE PROGRAM OR $5,000 in seller concessions. Charming Brick Home within walking distance of city Park.! Modern Touches plus Classic Comfort. This is a beautifully updated 3-bed 2-bath home in a quiet, established neighborhood. It blends traditional style with modern comfort and offers 1,747 sq ft of thoughtfully refreshed living space. Enjoy two living areas, two dining spaces, a big laundry room, and a 2-car garage — all enhanced with modern finishes including luxury waterproof vinyl plank flooring, quartz countertops, matte black fixtures, and an electric fireplace as the centerpiece of the main living space. The kitchen has been fully renovated with soft-close cabinetry and plenty of storage. The primary suite features a double-head shower for a spa-like feel. Eligible for FHA, VA or Conventional financing. The plumbing and electrical systems have all been recently updated including supply lines, drains, wiring, outlets, and main new electrical panel to offer added functionality and reliability. Fresh mood lighting throughout brings a cozy, elevated feel to this home. All appliances present are included! Listing agent is related to Owner and has ownership interest in the LLC or selling party.

Investor Tools

Property Icon
$276,000
Estimated Property Value
$270,985Estimated Mortgage Balance
$5,015Estimated Equity
1% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,679 /month
Positive
Cash Flow Estimate:
$560 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$602/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,843
$247,380
2025
$55,000
$192,380
$247,380
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,843
$247,380

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Everett Financial Inc
Fha
$272,964
Yes
First
Dec 17, 2025
Jan 2056

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$270,985
$5,015
1%
98%
$1,637/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,972/mo
$1,637/mo
+$335/mo
8.6%

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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608 Laurel St | Property Details | No Agent List