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$199,825

1606 135th St, Lubbock, TX, 79423

On MarketInfo
Beds2 Beds
Baths2 Bath
Baths1,021 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$195.71 / sqft
Year BuiltBuilt in 2022

Property Lead Type:

Absentee Owner

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Range, Range Hood

Exterior

Exterior FeaturesPrivate Yard, Other
Lot Size4,250 sqft

Building Information

Year Built2022
Roof Type105
Garage Spaces264

Land Information

APNR337809
Lot Number13420
SubdivisionBell Farms
Land UseResidential
Legal DescriptionBELL FARMS L 1342
Census Tract010512
Assessed Land Value$17,000
Assessed Improvement Value$116,553
Assessment Year2025

About this property

Welcome to this charming 2-bedroom, 2-bath home built in 2022, offering modern style and low-maintenance living in South Lubbock. With 1,021 square feet of thoughtfully designed space, this home features an open-concept floor plan that seamlessly connects the living, dining, and kitchen areas, creating a bright and inviting atmosphere. The kitchen is equipped with granite countertops, ample cabinet storage, and modern finishes that make both everyday living and entertaining a pleasure. The private primary suite includes its own full bath, while the second bedroom and additional full bath provide flexibility for guests, family, or a home office. Outside, you'll find attractive curb appeal with a brick and vinyl exterior, a welcoming front entry, an attached one-car garage, and a backyard ready for relaxing, gardening, or pets. Built with today's buyer in mind, this home offers energy-efficient construction and contemporary finishes throughout. Conveniently located near shopping, dining, parks, and within the highly regarded Lubbock-Cooper ISD, this move-in-ready home is an excellent opportunity for first-time buyers, those looking to downsize, or investors seeking a newer property. Don't miss your chance to own this beautiful, low-maintenance home in a growing South Lubbock neighborhood.

Investor Tools

$113,606Estimated Mortgage Balance
$56,394Estimated Equity
33% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,199 /month
Positive
Cash Flow Estimate:
$400 /month

Interested in this property?

Jana Lowdermilk

Jerry J. Kitten Broker

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$314/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,924
$133,553
2025
$17,000
$116,553
$133,553
No

Tax History

Year
Tax Paid
Assessed Value
2025
$2,924
$133,553

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Prosperity Bank
Commercial
$119,606
No
First
Nov 27, 2023
Nov 2038

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$113,606
$56,394
33%
67%
$718/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,110/mo
$718/mo
+$392/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.

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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1606 135th St | Property Details | No Agent List