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$350,000

NAL Estimated Property Value

1405 N County Road 1450, Lubbock, TX

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,680 Sq Ft
price_per_sqft$110.07 / sqft
Year BuiltBuilt in 1960

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling

Exterior

Lot Size3.44 acres

Building Information

Year Built1941
Roof Type105
Garage Spaces2

Land Information

APNR144951
Lot Number2225
SubdivisionCarlisle Acres
Land UseResidential
Legal DescriptionCARLISLE ACS TR 22 D
Census Tract010416
Assessed Land Value$48,146
Assessed Improvement Value$272,525
Assessment Year2025

About this property

Come see what this property has to offer! The sale includes two homes, about 4.5 acres, and an open faced 8 stall barn with a tack room. Many updates done to the main house and the well and septic system have been serviced within the past few years. Perfect property for somebody needing a second home close by for family, or somebody wanting an income producing property right next door. The second home does need quite a bit of work, but everything works and it is definitely livable to some.

Investor Tools

Property Icon
$350,000
Estimated Property Value
$243,909Estimated Mortgage Balance
$106,091Estimated Equity
30% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,100 /month
Positive
Cash Flow Estimate:
$700 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$572/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,112
$320,671
2025
$48,146
$272,525
$320,671
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,112
$320,671

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Homebridge Financial Services Inc
Conventional
$259,000
No
First
Mar 13, 2023
Apr 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$243,909
$106,091
30%
70%
$1,553/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,640/mo
$1,553/mo
+$87/mo
5.6%

City: Lubbock

1405 N County Road 1450 | Property Details | No Agent List