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$160,000

NAL Estimated Property Value

1308 59th St, Lubbock, TX, 79412

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,571 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$105.03 / sqft
Year BuiltBuilt in 1956

Property Lead Type:

Absentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
AppliancesDisposal, Dishwasher, Range

Exterior

Exterior FeaturesPrivate Yard
Lot Size10,350 sqft

Building Information

Year Built1956
Roof Type114
Garage Spaces2

Land Information

APNR101426
Lot Number21
SubdivisionCarlton Heights
Land UseResidential
Legal DescriptionCARLTON HTS BLK 2 L 21
Census Tract002208
Assessed Land Value$32,000
Assessed Improvement Value$23,000
Assessment Year2025

About this property

Welcome to the cutest home on the block where charm meets convenience! This adorable 3-bedroom, 2-bath gem has been completely updated from top to bottom with brand new flooring, fresh paint, stylish cabinets, updated hardware, gorgeous countertops, refreshed bathrooms, and even new flowerbeds! The layout is perfect for hosting family and friends, with a warm, inviting feel the moment you walk in. Tucked in a central location with easy highway access, this home is as functional as it is charming — and at a price that's hard to find. Don't miss your chance to fall in love!

Investor Tools

Property Icon
$160,000
Estimated Property Value
$160,122Estimated Mortgage Balance
$0Estimated Equity
0% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$990 /month
Positive
Cash Flow Estimate:
$330 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$150/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$999
$55,000
2025
$32,000
$23,000
$55,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$999
$55,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Alliance Cu
Fha
$162,011
Yes
First
Sep 26, 2025
Oct 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$160,122
N/A
0%
100%
$972/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,425/mo
$972/mo
+$453/mo
10.7%

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.

Explore Texas Explore This Area
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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1308 59th St | Property Details | No Agent List