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$180,000

1302 1st Street, Lubbock, TX, 79401

On MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,582 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$113.78 / sqft
Year BuiltBuilt in 1972

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Oven, Gas Range

Exterior

Lot Size12,277 sqft

Building Information

Year Built1972
Roof Type114
Garage Spaces2

Land Information

APNR50691
Lot Number310
SubdivisionGuadalupe
Land UseResidential
Legal DescriptionGUADALUPE BLK 9 L 31
Census Tract000700
Assessed Land Value$2,095
Assessed Improvement Value$118,462
Assessment Year2025

About this property

Charming, Well-Maintained 1972 Home Priced Below Appraisal – $180,000 Value! This solid 1972 one-owner home has been appraised at $180,000, but the price has been lowered for a quick sale, making it an incredible opportunity for buyers. Meticulously maintained, the home features a new roof and roof vents, along with fresh exterior paint, both completed just 6 months ago. Located in a quiet, established neighborhood with sidewalks, walking and running trails, and a nearby creek, this home offers a perfect blend of tranquility and convenience. Both a community park and city park are within walking distance for outdoor enjoyment. Families will appreciate the proximity to Guadalupe Elementary, Cavazos Middle School, and Lubbock High School. Enjoy easy access to shopping, major freeways, and Texas Tech University. Don’t miss this opportunity to own a well-built, move-in-ready home at a great value!

Investor Tools

$0Estimated Mortgage Balance
$139,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,080 /month
Positive
Cash Flow Estimate:
$360 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$84/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$313
$120,557
2025
$2,095
$118,462
$120,557
No

Tax History

Year
Tax Paid
Assessed Value
2024
$313
$120,557

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$139,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,530/mo
N/A
+$1,530/mo
13.2%

City: Lubbock