1707 Enchanted Lane
About This Property
Discover the perfect opportunity to build your dream home on this spacious **nearly half-acre lot** in Lancaster, TX! Conveniently located off **Hwy 35 and just minutes from I-20**, this property offers easy access to shopping, dining, and major commuter routes, making it an ideal choice for builders or investors ready to start construction immediately. Don't miss out on this incredible opportunity-bring your vision and make it a reality! Buyer and buyer's agent to confirm all areas of concern including city plans.
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 17, 2026 | Sold | ||
| Sold | |||
| Mar 30, 2026 | Price Decreased |
$50,000
↓ $15K
(23.1%) | |
| Price Decreased | |||
| Apr 3, 2025 | Listed by Team Chambers Realty Group | $65,000 | |
| Listed by Team Chambers Realty Group | |||
| Aug 9, 2022 | Sold | ||
| Sold | |||
| May 9, 2022 | Listed by eXp Realty, LLC | $73,000 | |
| Listed by eXp Realty, LLC | |||
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Bring your own builder and start your building your dream home almost a half acre, located right off Hwy 35 and minutes from Interstate 20!
We have APPROVED CITY PLANS, prefect for a builder or investor to get started right away!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017