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$542,000

16909 County Road 2060, Lubbock, TX, 79423

On MarketInfo
Just AddedInfo
Beds4 Beds
Baths3 Bath
Baths2,282 Sq Ft
price_per_sqft$237.51 / sqft
Year BuiltBuilt in 2019

Property Lead Type:

Absentee Owner

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Double Oven, Gas Cooktop, Microwave, Refrigerator
FlooringCarpet, Luxury Vinyl

Exterior

Exterior FeaturesRain Gutters, Smart Irrigation
Lot Size1.11 acres

Building Information

Year Built2019
Roof Type105
Garage Spaces2

Land Information

APNR333362
Lot Number180
SubdivisionMagnolia Estates
Land UseResidential
Legal DescriptionMAGNOLIA ESTATES L 18
Census Tract010514
Assessed Land Value$60,000
Assessed Improvement Value$446,813
Assessment Year2025

About this property

Experience the perfect blend of modern comfort and peaceful country living in Magnolia Estates. This stunning 4-bedroom, 3-bath home features a spacious open-concept design that's ideal for both everyday living and entertaining. The heart of the home is the beautifully appointed kitchen, complete with a large island, custom cabinetry, and abundant workspace for gathering with family and friends. Thoughtfully built for energy efficiency, the home includes foam insulation and insulated garage doors to help maximize year-round comfort. Situated on a fully irrigated 1-acre lot, you'll have plenty of space to create your dream outdoor oasis—whether it's a garden, pool, play area, or entertaining space. Located in the highly sought-after Lubbock-Cooper ISD, this property offers the added advantages of no city taxes, no HOA, and no water bill, providing exceptional value and lower monthly expenses. If you're looking for room to grow, modern amenities, and the tranquility of country living without sacrificing convenience, this is a place you'll be proud to call home.

Investor Tools

$316,730Estimated Mortgage Balance
$191,196Estimated Equity
37% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,252 /month
Positive
Cash Flow Estimate:
$1,084 /month

Interested in this property?

Kerri Shields

Exit Realty of Lubbock

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$778/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,801
$506,813
2025
$60,000
$446,813
$506,813
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,801
$506,813

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Ark-La-Tex Finance Services Llc
Va
$337,500
Yes
First
Jan 18, 2023
Feb 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$316,730
$190,083
37%
62%
$2,024/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,820/mo
$2,024/mo
$-204/mo
4.3%

City: Lubbock

16909 County Road 2060 | Property Details | No Agent List