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$17,325

16201 Del Rey Dr, Amarillo, TX, 79119

Off MarketInfo
Baths0 Bath

Highlights

Interior

Bathrooms 0Bathrooms 0

Exterior

Lot Size1.02 acres

Land Information

APN000000312942
SubdivisionTierra Santa # 3
Land UseVacant Land
Legal DescriptionTIERRA SANTA # 3, LOT 004, BLK 0003, 1.02 ACRES
Assessed Land Value$17,325
Assessment Year2025

About this property

Tierra Santa is an exciting new subdivision offering Multi-Family 1 acre lots between Amarillo and Canyon. GO TO TIERRASANTA.FORSALE for more information on this subdivision. The location seems ideal for those seeking a peaceful country living experience, and the proximity to schools such as Spring Canyon Elementary School, Greenways-Westover Park, & West Plains High School adds to its appeal. If you're interested in exploring this new development, you may want to schedule a visit to Tierra Santa to see the available acre plus lots. Don't hesitate to reach out for more details on the lots and amenities. Happy lot hunting!

Investor Tools

Property Icon
$17,325
Estimated Property Value
$150,000Estimated Mortgage Balance
$0Estimated Equity
-766% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$390 /month
Positive
Cash Flow Estimate:
$130 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$28/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
N/A
$17,325
2025
$17,325
N/A
$17,325
No

Tax History

Year
Tax Paid
Assessed Value
2024
N/A
$17,325

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Western Bancorp
Purchase Money Mortgage
$150,000
No
First
Sep 19, 2025
Sep 2026

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$148,251
N/A
0%
856%
$900/mo

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: Amarillo

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