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Lancaster 75146 Raintree Acres
1525 Raintree Drive
$145,000
● Land - Off Market

1525 Raintree Drive

Lancaster, TX 75146
bedrooms
Studio
bathrooms
0 Bath
$156,447
RealtyHop Estimate
-1.61%
Since Jun 1, 2023
TX-Dallas
Primary Model

About This Property

Amazing opportunity to build your dream house in an established neighborhood with No HOA!  The property backs up to a creek and it has access to electricity and water. Hurry, this one won't last long!!
Unit Size
-
Days on Market
-
Land Size
1.98 acres
Price per sqft
-
Property Type
Land
Property Taxes
$167
HOA Dues
-
Year Built
-

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 3 years ago (NTREIS #20096180)

Price History

Date / Event Date Event Price
May 25, 2023 Sold
Premium
Sold
Jun 24, 2022 Listed by Coldwell Banker Realty Plano $159,000
Listed by Coldwell Banker Realty Plano
Apr 17, 2019 No longer available -
No longer available
Dec 15, 2018 Listed $79,900
Listed
Pretty lot in an established neighborhood with nice homes. Has mature cedar trees and the property backs up to a creek. There is a nice, cleared area to build your new home.

Property Highlights

Building Info

Overview

    General

  • Building Count: 1
  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 86,103
  • Lot Size Depth Feet: 4,780
  • Lot Size Frontage Feet: 1,800
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 5
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: V
  • Subdivision: RAINTREE ACRES
  • Land Acres: 0000001977
  • Standard Land Use Code: 8001
  • County Land Use Code: C11
  • State Land Use Code: C11
  • Legal Description 1: RAINTREE ACRES LOT 7 INT201900099627 DD04122019 CO-DC 1718000000700 28717180000

Neighborhood

  • School District Name: Lancaster Independent School District
  • School Tax School District: LANCASTER ISD
  • Census Tract: 016903

Zoning

  • Zoning: A0

Geography

  • Assessors Map Reference: 601718000000700
  • Account Number: 601718000000700
  • Parcel: 60-17180-000-007-0000
  • Lot: 7
  • Municipality: UNIVERSITY PARK
  • Latitude: 32.5486
  • Longitude: -96.7191

    Address

  • Full Address: 1525 Raintree Dr
  • Address - House Number: 1525
  • Address - Street Name: Raintree
  • Address - Suffix Type: Dr
  • State: TX
  • City Name: Lancaster
  • Carrier Code: R003
  • 4-Digit Zip Code: 5771
  • Zip Code: 75146

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $262,307
  • Tax Rate Code Area: LS

    Market Valuation

  • Market Total Value: $156,250
  • Market Land Value: $156,250

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $156,250
  • Assessed Land Value: $156,250

    Sales

  • Current Sale Contract Date: May 24, 2023
  • Current Sale Recording Date: May 30, 2023
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 105658
  • Previous Sale Recording Date: Apr 22, 2019
  • Previous Sale Contract Date: Apr 12, 2019
  • Previous Sale Amount: $73,500
  • Previous Sale Document Type: 70
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Raintree Acres

Stats & Trends

Median Asking:

$625,000

Sale Price/ft²

$210

Above Asking

0.00%

Average Days on Market

47

Average Home Size

2979 ft²

Average Home Age

4 years

Currently For Sale

0 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Rentals Near You

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NTREIS

Listed by: Elizabeth Castro, Coldwell Banker Realty Plano
Last Updated: 3 years ago
Data Source: NTREIS MLS, MLS# 20096180
Details provided by NTREIS and may not match the public record

Frequently Asked Questions

When was property at 1525 Raintree Drive built and last sold?
The property at 1525 Raintree Drive was built in and last sold on May 24, 2023 for $0.
How much is this home worth?
The estimated value of the home located at 1525 Raintree Drive is $0.
What are some comparable homes to 1525 Raintree Drive?
There are currently no comparable homes to 1525 Raintree Drive.
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