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$750,000

846 Truman Circle, Lancaster, TX, 75146

On MarketInfo
Beds3 Beds
Baths3 Bath
Baths2,021 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$371.1 / sqft
Year BuiltBuilt in 1960

Property Lead Type:

High EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Dryer, Electric Water Heater, Gas Oven, Refrigerator, Washer
FlooringCarpet, Tile

Exterior

Lot Size9.30 acres

Building Information

Year Built1960
Stories1
Roof Type105
Garage Spaces3

Land Information

APN65044947610090000
SubdivisionArthur Eldridge Abst 449
Land UseResidential
Legal DescriptionARTHUR ELDRIDGE ABST 449 PG 476 TR 9 ACS 9.30 VOL2004038/6221 DD02172004 CO-DC 0449476100900 4CN04494761
Census Tract016802
Assessed Land Value$460,350
Assessed Improvement Value$103,650
Assessment Year2025

About this property

9.3 acre property. The feeling of country within the city limits. No restrictions as owners had a horse previously, and other animals are in the neighborhood. Backs up to Ten Mile Creek, where the flood plain exists, only at the rear of the property. Split bedrooms. Three bedroom and three baths. One newly renovated bathroom in the hallway between the two secondary bedrooms. Another bathroom off the living room has new floors and other updates going on at this time. The third bathroom that serves the primary is also being updated with tiles and new vanity. Outbuildings include one small barn, and a larger one used as storage for tractor. It is 20X30. Five additional, four with electricity. First, was to be used as a guest house, but not completed. Workshop with electricity. 2 offices, one with a window unit, and the other with an AC-Heat split. Conveniently located near I-35E. A well is on the property at the rear, but not used by the sellers. Much of the property is is fenced with chain link, barbed wire, and a cross fence. No survey is available. There is development in the area, but this is an area unto itself.

Investor Tools

Property Icon
$742,000
Estimated Property Value
$0Estimated Mortgage Balance
$742,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,500 /month
Positive
Cash Flow Estimate:
$1,500 /month

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Becky Charles

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$400/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,091
$564,000
2025
$460,350
$103,650
$564,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,091
$564,000

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$742,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,972/mo
N/A
+$1,972/mo
3.2%

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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846 Truman Circle | Property Details | No Agent List