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$345,240

NAL Estimated Property Value

1295 E Fm 1585, Levelland, TX, 79336

$448,812 ARVInfo
Off MarketInfo
Beds4 Beds
Baths2 Bath
Baths2,552 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$143.03 / sqft

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms 2Bathrooms 2

Exterior

Lot Size3.73 acres

Building Information

Garage Spaces2

Land Information

APN5878
Land UseResidential
Legal DescriptionWHARTON, LGE 25, LAB 16, AB139, ACRES 3.727
Census Tract950200
Assessed Land Value$45,000
Assessed Improvement Value$300,240
Assessment Year2025

About this property

This amazing country property has it all!!! Many updates throughout this four bedroom, two bathroom home including paint, new flooring, new doors, new barn doors, and huge master bedroom with fireplace and walk in closet!!! Rear entry two car garage, large, covered patios, a shop as well as barns and pens for all your animal needs on 3 acres of land!!! Conveniently located with easy travel to Levelland, Lubbock, and Brownfield!!!

Investor Tools

Property Icon
$345,240
Estimated Property Value
$273,794Estimated Mortgage Balance
$71,446Estimated Equity
20% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$448,812
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,190 /month
Positive
Cash Flow Estimate:
$730 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$503/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,310
$345,240
2025
$45,000
$300,240
$345,240
No

Tax History

Year
Tax Paid
Assessed Value
2025
$4,310
$345,240

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Alliance Cu
Conventional
$284,000
No
First
May 10, 2024
Jun 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$273,794
$71,446
20%
79%
$1,703/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: Levelland

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1295 E Fm 1585 | Property Details | No Agent List