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$251,190

NAL Estimated Property Value

817 Rea Ave, Lancaster, TX, 75146

Off MarketInfo
Beds4 Beds
Baths2 Bath
Baths1,804 Sq Ft
price_per_sqft$141.35 / sqft
Year BuiltBuilt in 1968

Property Lead Type:

BankruptcyPre-ForeclosureOff-Market ListAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Electric Range
FlooringLaminate, Tile

Exterior

Lot Size7,272 sqft

Building Information

Year Built1968
Stories1
Roof Type105

Land Information

APN36066500010110000
Lot Number11
SubdivisionH B Mccalla
Land UseResidential
Legal DescriptionH B MCCALLA BLK A LOT 11 SEE WESTRIDGE ACRES PLAT INT2024000259809 DD12192024 CO-DC 0665000101100 4CN06650001
Census Tract016803
Assessed Land Value$55,000
Assessed Improvement Value$196,190
Assessment Year2025

About this property

Welcome to this beautifully updated 4-bedroom, 2-bathroom home, ideally located near Lancaster Middle School and just behind the Lancaster Police Station for added peace of mind. Step inside to find new vinyl flooring and freshly painted walls throughout, giving the home a bright and inviting feel. The spacious, open family living area is perfect for gatherings and flows seamlessly into the formal dining room, which is filled with natural light. The kitchen is a chef's delight with ample counter space, plenty of cabinets, and a cozy breakfast nook. The master suite is your personal retreat, featuring a walk-in closet, an ensuite bath with a walk-in shower, and all the space you need to relax. Outdoors, enjoy an expansive backyard with a patio—ideal for entertaining or simply enjoying some fresh air. With a brand new roof and HVAC system, this home is move-in ready and offers years of low-maintenance living. Convenient alley access behind the home adds to the property's appeal. Don’t miss this fantastic opportunity! Walmart-5 min, Fiesta Mart-5 min, Lowes-12 min, Home Depot-15 min, Pleasant Run Elem-5 min, Rolling Hills Elem-6 min, Lancaster Middle-8 min, Lancaster HS-10 min, Univ. of North Texas-1 hr, Lancaster Community Park-10 min, Cedar Hill State Park-20 min, Cinemark Lancaster Movies-12 min, Country View Golf Club-7 min, Lancaster Indoor Pool & Recreation Center-3 min.

Investor Tools

Property Icon
$251,190
Estimated Property Value
$258,824Estimated Mortgage Balance
$0Estimated Equity
0% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,530 /month
Positive
Cash Flow Estimate:
$510 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$571/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,597
$251,190
2025
$55,000
$196,190
$251,190
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,597
$251,190

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
All Western Mortgage Inc
Fha
$255,290
Yes
First
Dec 19, 2024
Jan 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$258,824
N/A
0%
103%
$1,593/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,972/mo
$1,593/mo
+$379/mo
9.4%

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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817 Rea Ave | Property Details | No Agent List