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$1,220,000

NAL Estimated Property Value

16202 Private Road 1740, Lubbock, TX, 79424

Off MarketInfo
Beds5 Beds
Baths4 Bath
Baths4,366 Sq Ft
price_per_sqft$145.44 / sqft
Year BuiltBuilt in 2006

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 5Bedrooms 5
Bathrooms Full 4Bathrooms Full 4
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesCooktop, Disposal, Dishwasher, Gas Cooktop, Microwave, Water Purifier, Water Purifier Owned, Water Softener, Water Softener Rented
FlooringCarpet, Hardwood, Tile

Exterior

Lot Size1.09 acres

Building Information

Year Built2006
Roof Type105
Garage Spaces3

Land Information

APNR305116
Lot Number100
SubdivisionLatigo Estates
Land UseResidential
Legal DescriptionLATIGO ESTATES L 10
Census Tract010422
Assessed Land Value$25,000
Assessed Improvement Value$636,616
Assessment Year2025

About this property

Welcome Home! This stunning home is situated on 1 acre with an inviting front porch. There is large living area plus a basement, upstairs bonus room, office, and library area. The beautiful kitchen has granite, large island, stainless appliances, gas range & large pantry. The large living area boasts a stone gas fireplace. The isolated master has a wonderful bath with a walk-in shower, separate tub & double sinks. You will find hardwood floors, crown molding & plantation shutters throughout most of the home. 2 built-in desk areas. The 5th bedroom is also accessible from the master suite bath & would make a great work-out area, sitting room (endless possibilities). Large laundry room with a sink & storage. Inviting backyard with a 60x60 shop with a 15x60 covered porch & the shop has 2 garage doors, half bath, washer & dryer hookup, a basketball goal, and 2 retractable batting cages.

Investor Tools

Property Icon
$1,220,000
Estimated Property Value
$0Estimated Mortgage Balance
$1,220,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$7,320 /month
Positive
Cash Flow Estimate:
$2,440 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,305/month
$250/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$9,561
$661,616
2025
$25,000
$636,616
$661,616
No

Tax History

Year
Tax Paid
Assessed Value
2024
$9,561
$661,616

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$1,220,000
100%
0%
$0/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.

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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16202 Private Road 1740 | Property Details | No Agent List