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$252,000

NAL Estimated Property Value

1503 Quincy Ave, Lubbock, TX, 79416

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,497 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$172.01 / 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 Range, Microwave
FlooringCarpet, Vinyl

Exterior

Lot Size5,846 sqft

Building Information

Year Built2024
Roof Type105
Garage Spaces2

Land Information

APNR345915
Lot Number2930
SubdivisionBurgamy Park
Land UseResidential
Legal DescriptionBURGAMY PARK L 293
Census Tract000406
Assessed Land Value$24,500
Assessed Improvement Value$99,519
Assessment Year2025

About this property

WOW!! Builder Offering $5,000 FLEX CASH NOW! Nestled in the Burgamy Park Division is this newly constructed home by Ridgeline Homes, LLC. Upon entering you will see this 3-bedroom, 2-bathroom open concept plan that provides a spacious Living with a stunning fireplace and mantle. The kitchen has an appealing quartz vein island, designer fixtures and faucets. Plenty of custom wood painted cabinets and elegant tiled backsplash. Included is a lovely stainless steel GE Appliance package with standalone gas stove. The isolated primary suite provides tranquility to relax and enjoy quite time. The primary bathroom comes with a gorgeous stand-up shower, double vanity quartz countertops, isolated toilet room and sizeable closet. The back yard has a covered patio and lots of room to entertain. This beautiful home is conveniently located in the Frenship School District. Make sure you add this one on your touring list!!

Investor Tools

Property Icon
$252,000
Estimated Property Value
$237,038Estimated Mortgage Balance
$14,962Estimated Equity
5% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,545 /month
Positive
Cash Flow Estimate:
$515 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$147/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$506
$124,019
2025
$24,500
$99,519
$124,019
No

Tax History

Year
Tax Paid
Assessed Value
2024
$506
$124,019

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
T2 Financial Llc
Fha
$241,656
Yes
First
Apr 1, 2025
May 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$237,038
$14,962
5%
94%
$1,449/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,640/mo
$1,449/mo
+$191/mo
7.8%

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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1503 Quincy Ave | Property Details | No Agent List