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$267,000

NAL Estimated Property Value

1501 Quincy Ave, Lubbock, TX, 79416

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,551 Sq Ft
price_per_sqft$171.95 / sqft
Year BuiltBuilt in 2024

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesRefrigerator, Range, Built-In Refrigerator, Disposal, Dishwasher, Free-Standing Gas Range, Free-Standing Range, Microwave
FlooringCarpet, Vinyl

Exterior

Lot Size5,851 sqft

Building Information

Year Built2024
Roof Type105
Garage Spaces2

Land Information

APNR345914
Lot Number2920
SubdivisionBurgamy Park
Land UseResidential
Legal DescriptionBURGAMY PARK L 292
Census Tract000406
Assessed Land Value$24,500
Assessed Improvement Value$105,414
Assessment Year2025

About this property

Newly constructed signature home by Ridgeline Homes, LLC. This 3-bedroom, 2-bathroom has a wonderful open concept plan with a spacious living, dining and island with lovely quartz countertops. Ridgeline Homes are designed to provide all the necessities of higher-end homes but at an affordable price. The kitchen has designer faucets and fixtures, wood painted cabinets, GE Appliance package with gas stove. The primary room is isolated, and the restroom comes with double vanity, quartz countertops, beautiful stand-up shower with three types of different tile, isolated toilet and sizeable closet space. The exterior patio and yard is great for entertaining. This home is conveniently located in the Frenship School District, shopping strip malls and restaurants. Tour this home TODAY, you will not be disappointed.

Investor Tools

Property Icon
$267,000
Estimated Property Value
$256,470Estimated Mortgage Balance
$10,530Estimated Equity
3% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,602 /month
Positive
Cash Flow Estimate:
$534 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$153/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$506
$129,914
2025
$24,500
$105,414
$129,914
No

Tax History

Year
Tax Paid
Assessed Value
2024
$506
$129,914

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
T2 Financial Llc
Fha
$261,868
Yes
First
Mar 3, 2025
Apr 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$256,470
$10,530
3%
96%
$1,571/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,640/mo
$1,571/mo
+$69/mo
7.4%

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.

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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: Lubbock

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1501 Quincy Ave | Property Details | No Agent List