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$249,999
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Property Description
This charming home is just a short stroll from the Historic Granbury Square and city parks. With three bedrooms and two baths, it features a warm, comfortable layout, luxury vinyl plank flooring in the kitchen and living areas, and abundant natural light. The kitchen offers a gas range, dishwasher, ample cabinet space, and easy access to the dining room, utility room, and a huge covered outdoor patio. The primary suite and secondary bedrooms are thoughtfully arranged for versatility, with an extra room perfect for an office or other use. Central heating and air keep the home cozy year-round, while new lighting fixtures and fans add an updated, efficient touch. Custom-tiled bathrooms bring a surprising air of luxury. Outside, mature shade trees and a spacious covered back deck create a great space for relaxing or entertaining. The private, low-maintenance backyard is complemented by fresh exterior paint and classic curb appeal. Located in the Kay Neely subdivision, this home offers the convenience of downtown living with quick access to restaurants, parks, shopping, festivals, and all the charm of the Granbury Square. It's ideal as a comfortable residence, a short-term rental, or a low-maintenance investment property. Wheelchair accessibility, a backyard storage shed, and even a donut shop within walking distance make this place hard to resist-especially at this price!
Full Property Details
Full Property Details for 203 S Lancaster St
General
- Price: $249,999
- Taxes: $2,027
- Status: Active
- Type: Single Family
- Source: NTREIS
- MLS ID: 21228520
- Updated: 4/27/2026
- Added to Site: 52 day(s) ago
Interior
- Interior Features: Decorative/Designer Lighting Fixtures, Eat-in Kitchen, High Speed Internet, Open Floorplan, Cable TV, Walk-In Closet(s)
- Appliances: Some Gas Appliances, Built-In Gas Range, Gas Water Heater, Microwave, Plumbed For Gas
- Flooring: Luxury Vinyl Plank
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
Bedrooms
- Total Bedrooms: 3
Exterior
- Porch/Patio/Deck: Covered, Deck
Parking
- Parking Features: Driveway, No Garage, Paved, On Street, Unassigned
Location
- County: Hood
- Subdivision: Kay Neely
- Driving Directions: From Stephenville and 377, take Bus. 377 Pearl Street to Lancaster. Turn Right. Home is on the left. From 144 headed north, Left at light at Morgan and Pearl. Left on Lancaster. Home is on left. From 51 headed south, right on Pearl st at the square. Pass 144 and L on Lancaster. Home is on left.
School Information
- Elem School District: Granbury ISD
- Midd School District: Granbury ISD
- High School District: Granbury ISD
- Elementary School: Emma Roberson
- Middle School: Granbury
- High School: Granbury
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air, Ceiling Fan(s), Gas
- Heating Type: Central, Natural Gas
Utilities
- Sewer: Public Sewer
- Water: Public
- Cable Available: Yes
- Utility Description: Electricity Connected, Natural Gas Available, Sewer Available, Separate Meters, Water Available, Cable Available
Structural Information
- Property Detached: Yes
- Architectural Style: Traditional, Detached
- Structure Type: House
- Detached/Attached: Detached
- Construction: Brick
- Roof: Composition
- Stories/Levels: 1
- Living Area: 1,192 Sq. Ft.
- Year Built: 1956
Additional Structures
- Other Structures: Outbuilding
Lot Features
- Lot Size (Acres): 0.09
- Lot Size (Sq. Ft.): 3,920.4
- Lot Size Source: Assessor
- Lot Features: Acreage, Back Yard, Cleared, Lawn, Landscaped, Level, Many Trees
- Trees/Vegetation: Grassed, Partially Wooded
- Fencing (Description): Back Yard, Chain Link, Fenced, Privacy, Wood
Green Features
- Energy Efficient: Appliances, Insulation, Thermostat, Water Heater
- Water Conservation: Low-Flow Fixtures, Water-Smart Landscaping
Financial Considerations
- For Sale/Rent/Lease: For Sale
- Tax Amount: $2,027
- Terms: Cash, 1031 Exchange, FHA, Texas Vet, USDA Loan, VA Loan
Disclosures and Reports
- Documents Avail.: Aerial
- Legal Description: LOT: S 1/2 1 BLK: 165 SUBD: KAY NEELY
- Exclusions: nothing.
- Disclosures/Rstr.: Accessory Dwelling Unit, Easement(s)
- Property ID: R000037254
- Block: 165
- Lot Number: S
Listed by exp Realty, LLC, Jerry Allen
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Schools
Schools serving 203 S Lancaster St
School District:Granbury Independent School District
| Name | Grades | Distance |
|---|---|---|
John And Lynn Brawner Intermediate School 1520 South Meadows Drive, Granbury, TX 76048 | K-5 | 1.1 mi |
Granbury Middle School 2000 Crossland Road, Granbury, TX 76048 | 6-8 | 1 mi |
Granbury High School 2000 West Pearl Street, Granbury, TX 76048 | 9-12 | 0.8 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 203 S Lancaster St
Date
Details
Price
Change
Source
4/07/2026
Listed
$249,999
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 203 S Lancaster St
Year
Property Taxes
Change
Tax Assessment
Change
2025
$981
38%
$124,388
-4%
2023
$712
-41%
$129,540
13%
2022
$1,198
-10%
$114,700
35%
2021
$1,338
6%
$84,960
4%
2020
$1,264
-5%
$81,750
24%
2018
$1,337
3%
$66,010
3%
2017
$1,303
5%
$64,350
7%
2016
$1,241
-12%
$59,950
-17%
2019
$1,418
34%
$72,610
43%
2015
$1,062
9%
$50,710
—
2013
$975
—
$50,710
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 203 S Lancaster St
203 S Lancaster Street, Granbury, TX 76048 (MLS# 21228520) is a Single Family property with 3 bedrooms and 2 full bathrooms. 203 S Lancaster Street is currently listed for $249,999 and was received on April 07, 2026. Want to learn more about 203 S Lancaster Street? Do you have questions about finding other Single Family real estate for sale in Granbury? You can browse all Granbury real estate or contact a Coldwell Banker agent to request more information.

