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Odessa 79762
4924 Lancaster Drive
$126,249 Last Listed Price
● House - Off Market

4924 Lancaster Drive

Odessa, TX 79762
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,124 Ft²
$701
Est. Monthly

About This Property

4924 Lancaster is a single-story home is available in Odessa. This property is an investment opportunity in need of some sprucing up and renovating. Coming with new roof. The home is part of the Sherwood neighborhood with a local park down the road, multiple shops, and supermarkets are all nearby. You will also have direct access to TX-191 and I-20.
Unit Size
1,124 Ft²
Days on Market
-
Land Size
0.15 acres
Price per sqft
$112
Property Type
House
Property Taxes
$81
HOA Dues
-
Year Built
1956

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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.

Last updated: 4 months ago (HAR #7610956)

Price History

Date / Event Date Event Price
Nov 15, 2024 Sold
Premium
Sold
Oct 31, 2024 In contract -
In contract
Sep 17, 2024 Price Increased $126,249
↑ $5K (4.1%)
Price Increased
Sep 10, 2024 Price Decreased $121,249
↓ $5K (4%)
Price Decreased
Jun 4, 2024 Listed by SWE Homes $126,249
Listed by SWE Homes

Property Highlights

Garage

Building Info

Overview

    General

  • Year Built: 1956
  • Effective Year Built: 1956
  • 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 Count: 100
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 240
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,721
  • Lot Size Depth Feet: 1,120
  • Lot Size Frontage Feet: 600
  • Total Building Area: 1,124
  • Building Area: 1,124
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,124
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SHERWOOD 01-72
  • Land Acres: 0000000154
  • Standard Land Use Code: 1001
  • County Land Use Code: A1
  • Legal Description 1: SHERWOOD 01-72 BLOCK 37 LOT 3

Neighborhood

  • School District Name: Ector County Independent School District
  • School Tax School District: ECTOR CNTY ISD
  • School Tax District Code 2: ODESSA COLLEGE
  • School Tax District Code 3: CITY OF ODESSA
  • Census Tract: 000500

Zoning

  • Zoning: ED1

Geography

  • Parcel: 28600.05336.00000
  • Block: 37
  • Lot: 3
  • Municipality: CITY OF ODESSA
  • Latitude: 31.8933
  • Longitude: -102.383

    Address

  • Full Address: 4924 Lancaster Dr
  • Address - House Number: 4924
  • Address - Street Name: Lancaster
  • Address - Suffix Type: Dr
  • State: TX
  • City Name: Odessa
  • Carrier Code: C046
  • 4-Digit Zip Code: 4258
  • Zip Code: 79762

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $97,006
  • Initial Tax Delinquent Year: 2019
  • Tax Rate Code Area: 007

    Appraisal Valuation

  • Standard Deviation: 0.1948
  • Valuation Date: Mar 27, 2024
  • Confidence Score: 74
  • Final Value: 166,001
  • High Value: 198,347
  • Low Value: 133,654

    Market Valuation

  • Market Total Value: $109,707
  • Market Land Value: $22,915
  • Market Improvement Value: $86,792

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $109,707
  • Assessed Land Value: $22,915
  • Assessed Improvements Value: $86,792

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Oct 11, 2023
  • Current Sale Recording Date: Oct 12, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 64
  • Current Sale Input Document Number: 17262
  • Previous Sale Recording Date: Sep 26, 2008
  • Previous Sale Contract Date: Sep 24, 2008
  • Previous Sale Amount: $18,800
  • 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 Odessa

Stats & Trends

Median Asking:

$152,450

Sale Price/ft²

$105

Below Asking

0.07%

Average Days on Market

48

Average Home Size

2050 ft²

Average Home Age

56.3 years

Currently For Sale

4 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

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HAR

Listed by: Dan Cook, SWE Homes
Last Updated: 4 months ago
Data Source: HAR , MLS# 7610956
Copyright © 2026, Houston Realtors Information Service, Inc. Information provided is exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information provided is deemed reliable but is not guaranteed and should be independently verified.

Frequently Asked Questions

When was property at 4924 Lancaster Drive built and last sold?
The property at 4924 Lancaster Drive was built in 1956 and last sold on Oct 11, 2023 for $40,000.
How much is this home worth?
The estimated value of the home located at 4924 Lancaster Drive is $129,255.
What are some comparable homes to 4924 Lancaster Drive?
There are currently no comparable homes to 4924 Lancaster Drive.
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