NOT LISTED FOR SALE

226 Rea Ave Lancaster, TX 75146

Estimated Value: $121,161 - $172,000

1 Bed
1 Bath
888 Sq Ft
$166/Sq Ft Est. Value

Last Sold June 04, 2021

Current estimated payment $980/month

11 Days on Market

Highlights

  • Wood Flooring
  • Interior Lot
  • Outdoor Storage
  • Covered Patio or Porch
  • 1-Story Property
  • Large Grassy Backyard

About This Home

As of June 2021

Investment sold as is. Older frame units. House is 528 sq ft with $600 rent, Effiency is 380 square ft with $400 rent. In rentable condition. House floor is uneven, both could use some painting. Window units provide heat and air. 2 units in house, 1 in efficiency. Both stoves and refrigerators convey. Currently occuied by excellent tenants with expiration on contract 7.31.2021. Both baths have showers-no tub. Near Pleasant Run Elementary. Agent will accompamy all showings with agent making advance appointment. Big back yard. Storage building remains.

Last Agent to Sell the Property

Ellen Clark

Town Square Realty License #0143508 Listed on: 05/05/2021

Last Buyer's Agent

Cecilia Miranda

VIP Realty License #0572912

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1948

Lot Details

  • Lot Dimensions are 50x150
  • Interior Lot
  • Large Grassy Backyard

Home Design

  • Pillar, Post or Pier Foundation
  • Composition Roof

Interior Spaces

  • 888 Sq Ft Home
  • 1-Story Property
  • Gas Range

Flooring

  • Wood
  • Vinyl

Parking

  • 2 Parking Spaces
  • Open Parking

Outdoor Features

  • Covered Patio or Porch
  • Outdoor Storage

Schools

  • Pleasant Run Elementary School
  • Lancaster Middle School
  • Lancaster High School

Utilities

  • Window Unit Cooling System
  • Cable TV Available

Community Details

  • 2 Units
  • 888 Sq Ft Building
  • Interurban Heights Subdivision

Listing and Financial Details

  • Tax Lot 65
  • Assessor Parcel Number 36042500000650000

Property Details

Home Type

Multi-Family

Year Built

Built in 1948

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • Unit Levels: One
  • Year Built Details: Preowned
  • Multi Parcel I D Y N: No
  • Municipal Utility District Y N: No
  • Net Operation Income: 8000
  • Will Subdivide: No
  • Accessibility Features Yn: No
  • Ratio Current Price By Building: 106.98198
  • Special Features: None
  • Year Built: 1948

Interior Features

  • Square Footage: 888.00
  • Interior Amenities: Cable TV Available
  • Flooring: Vinyl, Wood
  • Appliances: Gas Range

Exterior Features

  • Pool: No
  • Foundation: Pillar/Post/Pier
  • Roof: Composition
  • Construction Materials: Wood
  • Exterior Features: Covered Patio/Porch, Storage
  • Patio And Porch Features: Covered

Garage/Parking

  • Cooling System: Other, Window Unit(s)
  • Number Of Parking Spaces: 2
  • Parking Features: Open
  • GarageYN: No

Utilities

  • Heating: Other
  • Utilities: City Sewer, City Water

Condo/Co-op/Association

  • Association Type: None

Schools

  • School District: Lancaster ISD
  • Elementary School: Pleasant Run
  • High School: Lancaster

Lot Info

  • PropertyAttachedYN: No
  • Lot Features: Interior Lot, Lrg. Backyard Grass
  • Lot Size Units: Acres
  • Lot Size: 50X150
  • Parcel Number: 36042500000650000

Green Features

  • Smart Home Features Appor Pass Y: No

Building Info

  • Year Built: 1948
  • Units Total: 2

Multi Family

  • Gross Annual Expenses: 3500.00
  • Gross Annual Income: 12000.00
  • Insurance Expense: 1260
  • Tenancy: No Smoking, No Sublease
  • Unit Count: 2

Tax Info

  • Tax Lot: 65

MLS Schools

  • MiddleOrJuniorSchool: Lancaster
  • Middle School Name: Lancaster
  • Elementary School Name: Pleasant Run
  • High School Name: Lancaster

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 15, 2025
Sold by
Effective Home Construction Llc
Bought by
Govea Alfonso and Martinez Silvia
Current Estimated Value
$147,790

Purchase Details

Listed on
May 5, 2021
Closed on
Jun 4, 2021
Sold by
Trott Penny H and Hall Iva M
Bought by
Effective Home Construction Llc
Seller's Agent
Ellen Clark
Town Square Realty
Buyer's Agent
Cecilia Miranda
VIP Realty
List Price
$95,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.13%
Original Mortgage
$95,000
Interest Rate
2.3%
Mortgage Type
Credit Line Revolving
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Govea Alfonso -- None Listed On Document
Effective Home Construction Llc -- None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Effective Home Construction Llc $95,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/04/2021 06/04/21 Sold -- -- --
05/16/2021 05/16/21 Pending -- -- --
05/05/2021 05/05/21 For Sale $95,000 -- $107 / Sq Ft
Source: North Texas Real Estate Information Systems (NTREIS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $2,494 $113,630 $50,000 $63,630
2024 $2,494 $105,600 $50,000 $55,600
2023 $2,494 $102,920 $50,000 $52,920
2022 $2,717 $102,920 $50,000 $52,920
2021 $1,845 $64,590 $16,880 $47,710
2020 $1,052 $35,530 $9,380 $26,150
2019 $1,085 $35,530 $9,380 $26,150
2018 $1,085 $35,530 $9,380 $26,150
2017 $888 $29,010 $9,380 $19,630
2016 $888 $29,010 $9,380 $19,630
2015 $661 $23,940 $9,380 $14,560
2014 $661 $22,780 $9,380 $13,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: North Texas Real Estate Information Systems (NTREIS)

MLS Number: 14570773

North Texas Real Estate Information Systems (NTREIS)

APN: 36042500000650000