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$308,000

1304 8th Street, Shallowater, TX, 79363

On MarketInfo
Beds3 Beds
Baths2 Bath
Baths2,241 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$137.44 / sqft
Year BuiltBuilt in 1965

Property Lead Type:

Absentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Electric Cooktop, Electric Oven, Electric Range, Microwave, Stainless Steel Appliance(s), Gas Water Heater
FlooringCarpet, Tile, Vinyl

Exterior

Exterior FeaturesOther, Private Yard, Storage
Lot Size13,000 sqft

Building Information

Year Built1965
Roof Type105
Garage Spaces528

Land Information

APNR129033
Lot Number1400
SubdivisionWright Heights
Land UseResidential
Legal DescriptionWRIGHT HEIGHTS L 140
Census Tract010302
Assessed Land Value$36,000
Assessed Improvement Value$209,359
Assessment Year2025

About this property

This "move in ready" home is located on an established street in the desirable Shallowater community. It sits on a spacious lot and has been completely renovated with fresh paint, lighting, fixtures, tile in showers, flooring, and recessed lighting throughout. One of the standout features of this property is the large backyard, which offers a blank canvas perfect for a future shop, extended patio, pool, or garden. The outdoor spaces include a freshly stained privacy fence and newly poured concrete for the sidewalks, driveway, and walkway to the alley. Another great feature is the additional "flex" space - perfect for an additional living room, game room, office or workout gym. For added peace of mind, the home has been pre-inspected and includes a home warranty for the new owner. It offers the best of both worlds: the quiet charm of Shallowater with a short commute into Lubbock.

Investor Tools

$0Estimated Mortgage Balance
$245,359Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,848 /month
Positive
Cash Flow Estimate:
$616 /month

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Clay Enger

Coldwell Banker Trusted Adviso

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$532/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,163
$245,359
2025
$36,000
$209,359
$245,359
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,163
$245,359

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$245,359
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,425/mo
N/A
+$1,425/mo
7.0%

City: Shallowater