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$422,000

NAL Estimated Property Value

12203 Norfolk Ave, Lubbock, TX, 79423

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,344 Sq Ft
price_per_sqft$136.09 / sqft
Year BuiltBuilt in 2017

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2.5Bathrooms Full 2.5
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Double Oven, Dishwasher, Microwave, Range
FlooringCarpet, Vinyl

Exterior

Lot Size8,435 sqft

Building Information

Year Built2017
Roof Type105
Garage Spaces2

Land Information

APNR312741
Lot Number480
SubdivisionSolaris Estates
Land UseResidential
Legal DescriptionSOLARIS ESTATES L 48
Census Tract010512
Assessed Land Value$40,000
Assessed Improvement Value$310,500
Assessment Year2025

About this property

Amazing 4 bedroom home in Brooke Heights with curb appeal galore. When you walk in, you are welcomed by an abundance of natural light to showcase the beautiful open-concept living and kitchen with an adjacent dining room. Features include beautiful stone fireplace, vinyl plank floors, granite countertops, stainless appliances, extra storage on enclosed concrete side porch and much more. Truly the perfect house for entertaining with plenty of space inside and out including an extra large patio with an automatic shade allowing you to enjoy outdoor living all year long. The isolated master suite features a marvelous walk-in closet. Less than a block from the park, this is the perfect family home!

Investor Tools

Property Icon
$422,000
Estimated Property Value
$224,739Estimated Mortgage Balance
$197,261Estimated Equity
46% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,532 /month
Positive
Cash Flow Estimate:
$844 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$687/month
$240/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,137
$350,500
2025
$40,000
$310,500
$350,500
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,137
$350,500

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Texas Tech Fcu
Conventional
$254,000
No
First
Jun 26, 2020
Jul 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$224,739
$197,261
46%
53%
$1,523/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,820/mo
$1,763/mo
+$57/mo
5.2%

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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12203 Norfolk Ave | Property Details | No Agent List