For sale

Price cut: $10.9K (6/10)

$249,000

518 Monarch Dr, Lancaster, TX 75146

3beds

1,887sqft

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Duplex, Single Family Residence

Built in 2002

5,227 Square Feet Lot

$247,300 Zestimate^®

$132/sqft

$-- HOA

What's special

Open floor planTwo-car garageTwo dining areasQuiet cul-de-sacWalk-in closetLarge bathroomGenerous primary suite

Located in a quiet cul-de-sac in Lancaster, this well-maintained half duplex offers space, functionality, and strong investment potential. The home features 3 bedrooms, 2 full bathrooms, two spacious living areas, and two dining areas, all designed with an open floor plan that provides comfortable living and easy flow for everyday life. The split-bedroom arrangement offers added privacy, with a generous primary suite that includes a large bathroom featuring a separate shower, relaxing garden tub, and walk-in closet. A two-car garage provides ample parking and storage. This property has been a reliable investment for several years and is currently tenant-occupied on a month-to-month lease, providing immediate rental income with flexibility for the next owner. Conveniently located with easy access to major commuting routes, shopping, and dining, this property presents an excellent opportunity for investors or buyers seeking a home with built-in income potential.

128 days

412

19

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Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 3
Bathrooms: 3
Full bathrooms: 2
1/2 bathrooms: 1

Primary bedroom

Features: En Suite Bathroom, Walk-In Closet(s)
Level: First
Dimensions: 13 x 12

Bedroom

Level: First
Dimensions: 11 x 9

Bedroom

Level: First
Dimensions: 11 x 10

Breakfast room nook

Level: First
Dimensions: 10 x 10

Dining room

Level: First
Dimensions: 10 x 10

Kitchen

Level: First
Dimensions: 11 x 10

Living room

Level: First
Dimensions: 18 x 16

Living room

Level: Second
Dimensions: 19 x 18

Utility room

Features: Utility Room
Level: First
Dimensions: 0 x 0

Heating

Central, Electric

Cooling

Central Air, Electric

Appliances

Included: Dishwasher, Electric Cooktop, Electric Oven, Disposal, Microwave
Laundry: Washer Hookup, Electric Dryer Hookup

Features

High Speed Internet, Cable TV
Windows: Window Coverings
Has basement: No
Has fireplace: No

Interior area

Total interior livable area: 1,887 sqft

Property

Parking

Total spaces: 2
Parking features: Garage, Garage Faces Rear
Attached garage spaces: 2

Features

Levels: Two
Stories: 2
Exterior features: Rain Gutters
Pool features: None
Fencing: Wood

Lot

Size: 5,227 Square Feet
Features: Interior Lot

Details

Parcel number: 360682100A12B0000

Construction

Type & style

Home type: SingleFamily
Architectural style: Traditional
Property subtype: Duplex, Single Family Residence
Attached to another structure: Yes

Materials

Brick, Wood Siding
Foundation: Slab
Roof: Composition

Condition

Year built: 2002

Utilities & green energy

Sewer: Public Sewer
Water: Public
Utilities for property: Sewer Available, Water Available, Cable Available

Community & HOA

Community

Features: Curbs, Sidewalks
Security: Smoke Detector(s)
Subdivision: Monarch

HOA

Has HOA: No

Location

Region: Lancaster

Financial & listing details

Price per square foot: $132/sqft
Tax assessed value: $276,800
Annual tax amount: $6,527
Date on market: 3/7/2026
Cumulative days on market: 129 days
Listing terms: Cash,Conventional,FHA,VA Loan

Estimated market value

$247,300

$235,000 - $260,000

$2,176/mo

Price history

Date	Event	Price
6/10/2026	Price change	$249,000-4.2%$132/sqft
Source: NTREIS #21201488 Report a problem
5/22/2026	Price change	$259,900-1.9%$138/sqft
Source: NTREIS #21201488 Report a problem
5/5/2026	Price change	$264,900-1.9%$140/sqft
Source: NTREIS #21201488 Report a problem
3/7/2026	Listed for sale	$269,900+107.6%$143/sqft
Source: NTREIS #21201488 Report a problem
1/14/2019	Listing removed	$1,395$1/sqft
Source: Property Management Unlimited Report a problem
12/14/2018	Listed for rent	$1,395$1/sqft
Source: Property Management Unlimited Report a problem
11/20/2018	Listing removed	$130,000$69/sqft
Source: Martnik Realty & Associate LLC #13965030 Report a problem
11/8/2018	Pending sale	$130,000$69/sqft
Source: Martnik Realty & Associate LLC #13965030 Report a problem
11/1/2018	Listed for sale	$130,000+20.4%$69/sqft
Source: Martnik Realty & Associate LLC #13965030 Report a problem
10/17/2013	Listing removed	$108,000$57/sqft
Source: Keller Williams Realty #12035666 Report a problem
10/5/2013	Listed for sale	$108,000$57/sqft
Source: Keller Williams Realty #12035666 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$6,527 -2.2%	$276,800 -2%
2024	$6,672 -10.1%	$282,450 -8.2%
2023	$7,422 +26.7%	$307,840 +39.3%
2022	$5,856 +49.6%	$221,000 +61.3%
2021	$3,913 -3.5%	$137,000
2020	$4,054 -1.9%	$137,000 -4.1%
2019	$4,132 +49.5%	$142,890 +32.7%
2018	$2,764 -0.3%	$107,650
2017	$2,772 +0.1%	$107,650
2016	$2,771 -11.4%	$107,650 -0.1%
2015	$3,128	$107,800
2014	$3,128	$107,800
2013	--	--
2012	--	--
2011	--	--
2010	--	--
2009	--	--
2008	--	--
2007	--	--
2005	--	--
2004	--	--
2002	--	--

Find assessor info on the county website

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HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.

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