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$559,000

16723 N County Road 1000, Shallowater, TX, 79363

Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths3,200 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$234.38 / sqft
Year BuiltBuilt in 1954

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 3Bathrooms Full 3
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Dishwasher, Microwave
FlooringCarpet, Concrete, Hardwood

Exterior

Lot Size228 acres

Building Information

Year Built1954
Roof Type105
Garage Spaces2

Land Information

APNR29388
Lot Number50000
SubdivisionSpencer W E
Land UseResidential
Legal DescriptionSPENCER W E TR 8 & 9 AC: 228
Census Tract010301
Assessed Land Value$3,200
Assessed Improvement Value$474,491
Assessment Year2025

About this property

Welcome to your country dream, a beautiful 12 acre paradise! This property boasts several barns, pipe fenced corrals, and an apartment/bunk house. The inviting 3-bedroom, 2.5-bathroom home, with 2 living areas, features wood/concrete floors, granite/butcherblock countertops, an open floor plan, & a top-tier kitchen with a large bar. Relax in the living room or family den or take a dip in the luxurious heated pool with an electric cover. Enjoy breathtaking West Texas sunsets from the comfort of your own back porch. Just minutes from Lubbock and in Abernathy ISD with the highly desired AG program. Additional 243(140 irrigated) acres of land, completely ready for grazing, farming and/or a livestock operation can be purchased with it. This is a country-chic dream! Call and let's go tour!

Investor Tools

Property Icon
$559,000
Estimated Property Value
$650,000Estimated Mortgage Balance
$0Estimated Equity
-16% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,500 /month
Positive
Cash Flow Estimate:
$1,500 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$352/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,429
$477,691
2025
$3,200
$474,491
$477,691
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,429
$477,691

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Plains Land Bank Flca
Commercial
$650,000
No
First
Oct 10, 2024
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$631,662
N/A
0%
113%
$3,898/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,425/mo
$3,898/mo
$-2,473/mo
3.1%

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: Shallowater

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16723 N County Road 1000 | Property Details | No Agent List