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$259,000

527 Willowood Ln, Lancaster, TX, 75134

On MarketInfo
Just AddedInfo
Beds3 Beds
Baths2 Bath
Baths1,688 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$153.44 / sqft
Year BuiltBuilt in 1961

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesSome Gas Appliances, Dishwasher, Gas Cooktop, Disposal, Gas Oven, Gas Water Heater, Plumbed For Gas, Refrigerator, Vented Exhaust Fan, Washer
FlooringLinoleum, Luxury Vinyl Plank, Terrazzo, Vinyl, Wood

Exterior

Private PoolPrivate Pool
Lot Size8,334 sqft

Building Information

Year Built1961
Roof Type105
Garage Spaces2

Land Information

APN36063500110100000
Lot Number10
SubdivisionLancaster Terrace
Land UseResidential
Legal DescriptionLANCASTER TERRACE 4 BLK 11 LOT 10 VOL91015/3033 EF011891 CO-DALLAS 0635001101000 23606350011
Census Tract016704
Assessed Land Value$55,000
Assessed Improvement Value$201,890
Assessment Year2026

About this property

True vintage custom home with solid bones ideal for renovation. Sold in an estate that is fully probated ready to sell. Previous owner was handicapped so home has some special features. Traditional styling. Formal living has section for formal dining and Den also has space for dining area. Corian counters, gas cook top and electric oven, dishwasher, refrigerator stays. Washer & dryer in garage and will remain with home. Hardwood floors in bedrooms and hall needs refinishing but appear to be good. Some type of vinyl plank flooring in den & living room. Hall bath is fully handicapped with shower for wheelchair, bars, wide door. Also ramp in garage. Ceiling fans. central h ac appears not to very old. Roof appears to be fairly new. Since new inherited owner has never lived in the home a fully inspection should be done. Concrete pool currently has cover but reports to be good. Utilities are on and any buyer needs to do a full inspection since this is an estate. Located near high school, library, rec center and Cedar Valley College. Easy access from 20.

Investor Tools

$13,020Estimated Mortgage Balance
$248,980Estimated Equity
95% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,572 /month
Positive
Cash Flow Estimate:
$524 /month

Interested in this property?

Ellen Clark

Town Square Realty

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$231/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,465
$256,890
2026
$55,000
$201,890
$256,890
No

Tax History

Year
Tax Paid
Assessed Value
2026
$1,465
$256,890

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Citifinancial Inc
Credit Line (Revolving) / Heloc
$25,118
No
First
Jan 8, 2008
Jan 2023

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$13,020
$248,980
95%
5%
$151/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,490/mo
$151/mo
+$2,339/mo
11.4%

City: Lancaster

527 Willowood Ln | Property Details | No Agent List