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$312,853

10508 Elkridge Ave, Lubbock, TX, 79423

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths2,258 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$104.03 / sqft
Year BuiltBuilt in 2003

Property Lead Type:

Off-Market ListAbsentee Owner

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 Electric Range, Free-Standing Range, Microwave
FlooringCarpet, Hardwood, Tile

Exterior

Lot Size6,505 sqft

Building Information

Year Built2003
Roof Type105
Garage Spaces2

Land Information

APNR173038
Lot Number2310
SubdivisionStonebrook
Land UseResidential
Legal DescriptionSTONEBROOK L 231
Census Tract010511
Assessed Land Value$23,500
Assessed Improvement Value$289,353
Assessment Year2025

About this property

A unique find in 2003 Parade of Homes. This custom home has a beautiful tiled kitchen with stained cabinets, a granite island with removable custom buffet. Commercial grade laminate in the flex room/bedroom/office space as well as dining and entry areas. Isolated master with safe room in the closet. 2 bedrooms share a jack & Jill bath with personal vanities in either bedroom. Gas fireplace in the living area with lots of built ins for additional storage. Fantastic outdoor entertaining area with covered porch, gas fireplace and built in grill. Planked attic, insulated garage door, new AC and furnace in 2014.

Investor Tools

Property Icon
$312,853
Estimated Property Value
$248,000Estimated Mortgage Balance
$77,694Estimated Equity
21% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,877 /month
Positive
Cash Flow Estimate:
$626 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$558/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,133
$312,853
2025
$23,500
$289,353
$312,853
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,133
$312,853

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Fairway Independent Mortgage Corp
Conventional
$248,000
No
First
Jul 3, 2023
Aug 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$235,159
$77,694
24%
75%
$1,487/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,550/mo
$1,487/mo
+$63/mo
5.9%

Learn About the Market: Opportunity in Texas

Local Market Pages
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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.

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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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