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$494,000

NAL Estimated Property Value

12002 Essex Avenue, Lubbock, TX, 79424

Off MarketInfo
Beds6 Beds
Baths4 Bath
Baths2,926 Sq Ft
DuplexDuplex
price_per_sqft$104.24 / sqft
Year BuiltBuilt in 2020

Property Lead Type:

Off-Market ListHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 6Bedrooms 6
Bathrooms Full 4Bathrooms Full 4
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher

Exterior

Lot Size8,838 sqft

Building Information

Year Built2019
Roof Type105
Garage Spaces648

Land Information

APNR333240
Lot Number1110
SubdivisionStonewood Estates
Land UseResidential
Legal DescriptionSTONEWOOD ESTATES L 111
Census Tract010421
Assessed Land Value$27,619
Assessed Improvement Value$327,620
Assessment Year2025

About this property

Investors rejoice! These new construction duplexes located in Cooper ISD being built by Kim Craig Construction are under way and expected to be complete by June! Each side features 3 bedrooms, 2 bathrooms & a 1 car garage and will have high end finish outs including granite and designer fixtures. Don't sleep on these - they won't last long!

Investor Tools

Property Icon
$494,000
Estimated Property Value
$215,891Estimated Mortgage Balance
$278,109Estimated Equity
56% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,964 /month
Positive
Cash Flow Estimate:
$988 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$832/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,513
$355,239
2025
$27,619
$327,620
$355,239
No

Tax History

Year
Tax Paid
Assessed Value
2024
$7,513
$355,239

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Ark-La-Tex Financial Services Llc
Va
$244,000
Yes
First
Jun 3, 2020
Jul 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$215,891
$278,109
56%
44%
$1,463/mo

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.

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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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12002 Essex Avenue | Property Details | No Agent List