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$969,000

NAL Estimated Property Value

18914 US Highway 87, Lubbock, TX, 79423

Off MarketInfo
Beds5 Beds
Baths6 Bath
Baths5,048 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$153.53 / sqft
Year BuiltBuilt in 1971

Property Lead Type:

Off-Market ListHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 5Bedrooms 5
Bathrooms Full 5.5Bathrooms Full 5.5
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesCooktop, Disposal, Double Oven, Electric Cooktop, Water Purifier, Water Purifier Owned, Water Softener, Water Softener Owned
FlooringCarpet, Tile

Exterior

Private PoolPrivate Pool
Exterior FeaturesTennis Court(s)
Lot Size15.85 acres

Building Information

Year Built1971
Roof Type105

Land Information

APNR323498
Land UseResidential
Legal DescriptionBLK E SEC 24 AB 1244 TR C3 AC: 15.851
Census Tract010514
Assessed Land Value$107,891
Assessed Improvement Value$861,109
Assessment Year2025

About this property

This 15+ acre ranch just 2 miles south of Lubbock Cooper High School is an absolute dream for those searching for the country life within Lubbock Cooper ISD. This 5000+ sq foot farm house is embellished with charming details you will absolutely love. The first floor contains gorgeous Saltillo tile floors throughout. You'll also notice tons of windows providing lots of natural light and gorgeous views of enormous trees and green pastureland. Behind the beautifully updated home they have a huge indoor pool with retractable roof, pool house, & snack bar area. There are multiple covered and uncovered seating areas around the home making it an incredible home for entertaining large groups. This ranch property also contains a 40X50 shop with powered doors & RV slit, a 30x40 metal barn with horse stalls and a garage to back a boat or vehicle, a basketball/tennis court, an office building, & a fish pond. Private water, no city taxes or restrictions make this property even more amazing.

Investor Tools

Property Icon
$969,000
Estimated Property Value
$499,705Estimated Mortgage Balance
$469,295Estimated Equity
48% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$5,814 /month
Positive
Cash Flow Estimate:
$1,938 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,660/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$15,075
$969,000
2025
$107,891
$861,109
$969,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$15,075
$969,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
First Bank & Trust
Conventional
$548,250
No
First
Sep 9, 2021
Oct 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$499,705
$469,295
48%
52%
$3,288/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: Lubbock

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18914 US Highway 87 | Property Details | No Agent List