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Lancaster 75146 Lancaster Park
887 Sycamore Lane
$260,000
● House - Off Market

887 Sycamore Lane

Lancaster, TX 75146
bedrooms
4 Beds
bathrooms
0 Bath
square feet
1,654 Ft²
$240,557
RealtyHop Estimate
-5.63%
Since Jun 1, 2022
TX-Dallas
Primary Model

About This Property

Honey Stop the Car!!!! This recently updated home offers over 1,600 square feet to move about. Updates include flooring, granite countertops, paint, 4th bedroom added and more! Conveniently located next to shopping and easy freeway access. Don't miss an opportunity to take a look at this gem! ***WILL NOT BE FHA ELIGIBLE UNTIL MAY 26, 2022***
Unit Size
1,654 Ft²
Days on Market
-
Land Size
0.22 acres
Price per sqft
$154
Property Type
House
Property Taxes
$413
HOA Dues
-
Year Built
1965

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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: 3 years ago (NTREIS #20019658)

Price History

Date / Event Date Event Price
May 4, 2022 Sold
Premium
Sold
Apr 1, 2022 Listed by Ebby Halliday, REALTORS $254,900
Listed by Ebby Halliday, REALTORS

Property Highlights

Air Conditioning
Fireplace
Garage

Building Info

Overview

    General

  • Year Built: 1965
  • Effective Year Built: 1965
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 1
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 0
  • Exterior Walls Type: 3
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 3
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 5
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 528
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,476
  • Lot Size Depth Feet: 1,250
  • Lot Size Frontage Feet: 750
  • Total Building Area: 2,182
  • Building Area: 1,654
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,654
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 5
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: LANCASTER PARK 1
  • Land Acres: 0000000218
  • Standard Land Use Code: 1001
  • County Land Use Code: A11
  • State Land Use Code: A11
  • Legal Description 1: LANCASTER PARK 1 LT 0019 A INT202200126518 DD05042022 CO-DC 0555000101900 4CN05550001

Neighborhood

  • School District Name: Lancaster Independent School District
  • School Tax School District: LANCASTER ISD
  • Census Tract: 016803

Zoning

  • Zoning: Z350

Geography

  • Assessors Map Reference: 360555000101900
  • Account Number: 360555000101900
  • Subdivision Tract Number: 5550
  • Parcel: 36-05550-001-019-0000
  • Block: 1
  • Lot: 0019
  • Municipality: LANCASTER
  • Latitude: 32.6044
  • Longitude: -96.7744

    Address

  • Full Address: 887 Sycamore Ln
  • Address - House Number: 887
  • Address - Street Name: Sycamore
  • Address - Suffix Type: Ln
  • State: TX
  • City Name: Lancaster
  • Carrier Code: C014
  • 4-Digit Zip Code: 1449
  • Zip Code: 75146

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $140,728
  • Tax Rate Code Area: LS

    Appraisal Valuation

  • Standard Deviation: 0.2268
  • Valuation Date: Nov 15, 2023
  • Confidence Score: 68
  • Final Value: 325,503
  • High Value: 399,351
  • Low Value: 251,655

    Market Valuation

  • Market Total Value: $277,640
  • Market Land Value: $55,000
  • Market Improvement Value: $222,640

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $277,640
  • Assessed Land Value: $55,000
  • Assessed Improvements Value: $222,640

    Sales

  • Current Sale Contract Date: May 04, 2022
  • Current Sale Recording Date: May 05, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 126518
  • Previous Sale Recording Date: Mar 03, 2022
  • Previous Sale Contract Date: Feb 25, 2022
  • Previous Sale Amount: $239,400
  • Previous Sale Document Type: 68
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 Lancaster Park

Stats & Trends

Median Asking:

$247,000

Sale Price/ft²

$153

Below Asking

0.03%

Average Days on Market

74

Average Home Size

2169 ft²

Average Home Age

58 years

Currently For Sale

2 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

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NTREIS

Listed by: Cassandra Jones, Ebby Halliday, REALTORS
Last Updated: 3 years ago
Data Source: NTREIS MLS, MLS# 20019658
Details provided by NTREIS and may not match the public record

Frequently Asked Questions

When was property at 887 Sycamore Lane built and last sold?
The property at 887 Sycamore Lane was built in 1965 and last sold on May 4, 2022 for $315,300.
How much is this home worth?
The estimated value of the home located at 887 Sycamore Lane is $0.
What are some comparable homes to 887 Sycamore Lane?
There are currently no comparable homes to 887 Sycamore Lane.
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