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$31,000

1401 S Canyon Ave, Lamesa, TX, 79331

$39,937 ARVInfo
Off MarketInfo
Beds2 Beds
Baths2 Bath
Baths1,840 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$19.02 / sqft
Year BuiltBuilt in 2000

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2

Exterior

Exterior FeaturesNone
Lot Size2,744 sqft

Land Information

APN2925
Lot Number1
Land UseResidential
Legal DescriptionN/2 OF LOT 1 BLK 6 HOLLIS (1401 S CANYON AVE/LAMESA,TX)
Census Tract950500
Assessed Land Value$190
Assessed Improvement Value$46,560
Assessment Year2025

About this property

Take a look at this spacious 2-bedroom, 2-bathroom home in Lamesa, TX! With 1,840 sq ft of living space, this property offers generously sized rooms and some unique features that set it apart. Although it does need some work, the home is fully livable and provides a solid starting point for someone ready to make it their own. Whether you're an investor or a homeowner with a vision, this property has great potential. Come see it for yourself today!

Investor Tools

Property Icon
$31,000
Estimated Property Value
$0Estimated Mortgage Balance
$31,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$39,937
Rent-to-Value Ratio: 0.72%
Rent Estimate
$300 /month
Positive
Cash Flow Estimate:
$100 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$58/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$545
$19,560
2025
$190
$46,560
$46,750
Yes (2024)

Tax History

Year
Tax Paid
Assessed Value
2025
$545
$19,560

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$31,000
100%
0%
$0/mo

Learn About the Market: Opportunity in Texas

Local Market Pages
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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: Lamesa

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1401 S Canyon Ave | Property Details | No Agent List