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$364,000

12208 Ithaca Ave, Lubbock, TX, 79423

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,950 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$128.15 / sqft
Year BuiltBuilt in 2018

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesRefrigerator, Built-In Refrigerator, Disposal, Dishwasher, Microwave
FlooringCarpet, Concrete, Vinyl

Exterior

Lot Size6,722 sqft

Building Information

Year Built2018
Roof Type105
Garage Spaces2

Land Information

APNR332346
Lot Number880
SubdivisionHatton Place
Land UseResidential
Legal DescriptionHATTON PLACE L 88
Census Tract010512
Assessed Land Value$43,693
Assessed Improvement Value$256,949
Assessment Year2025

About this property

Ventura Homes presents this 3 bedroom, 2 bathroom, 2 car garage with Bonus Room! Special floor plan features including: open floor plan, covered back patio, private vestibule to master suite with built-in office space, cabinetry and extra storage in the utility room, large closets, extra linen closets for both bathrooms, and a walk-in pantry off the kitchen. The master suite is very large and separated from the rest of the home allowing for privacy from guests. The open concept and spacious feel of the main areas of this home make it prefect for gathering family and friends! Special amenities include stainless steel appliances, wood vinyl plank flooring, stone fireplace surround, vaulted ceilings with stained wood beams, Barn door, landscape and automatic sprinkler system, sod & fence. Full 1-2-10 builder warranty! Ventura Homes has a full time design staff to give each home buyer a quality home with a custom feel without the custom Price!

Investor Tools

Property Icon
$364,000
Estimated Property Value
$249,900Estimated Mortgage Balance
$143,802Estimated Equity
31% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,184 /month
Positive
Cash Flow Estimate:
$728 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$611/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,509
$300,642
2025
$43,693
$256,949
$300,642
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,509
$300,642

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Lbs Financial Cu
Va
$249,900
Yes
First
Apr 14, 2020
May 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$220,198
$143,802
39%
60%
$1,499/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,550/mo
$1,499/mo
+$51/mo
5.1%

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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12208 Ithaca Ave | Property Details | No Agent List