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$298,000

NAL Estimated Property Value

1016 N Grover Ave, Lubbock, TX, 79416

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,857 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$169.63 / sqft
Year BuiltBuilt in 2022

Property Lead Type:

Off-Market ListAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesRange, Disposal, Dishwasher, Free-Standing Gas Range, Free-Standing Range, Microwave
FlooringCarpet, Concrete, Vinyl

Exterior

Lot Size5,325 sqft

Building Information

Year Built2022
Roof Type105
Garage Spaces2

Land Information

APNR336410
Lot Number850
SubdivisionUptown West
Land UseResidential
Legal DescriptionUPTOWN WEST L 85
Census Tract010417
Assessed Land Value$40,000
Assessed Improvement Value$247,517
Assessment Year2025

About this property

Beautiful new construction in Uptown West.Convenient to Tech and Medical District.Open living with abundance of windows overlooking the large covered back patio. Kitchen features quartz countertops, gas cooking,walk in pantry, stainless appliances plus refrigerator! Isolated master suite with soaking tub and separate shower. Great bonus office nook with built in desk.Additional storage in utility, mudroom.

Investor Tools

Property Icon
$298,000
Estimated Property Value
$235,243Estimated Mortgage Balance
$62,757Estimated Equity
21% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,890 /month
Positive
Cash Flow Estimate:
$630 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$603/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,746
$287,517
2025
$40,000
$247,517
$287,517
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,746
$287,517

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Texas Tech Fcu
Conventional
$252,000
No
First
Oct 17, 2022
Nov 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$235,243
$62,757
21%
79%
$1,511/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,640/mo
$1,511/mo
+$129/mo
6.6%

Learn About the Market: Opportunity in Texas

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Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

Explore Texas Explore This Area
Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Lubbock

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