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$234,000

1906 55th Street, Lubbock, TX, 79412

On MarketInfo
Beds3 Beds
Baths2 Bath
Baths2,196 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$106.56 / sqft
Year BuiltBuilt in 1962

Property Lead Type:

High EquityCash Buyers

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Free-Standing Electric Range, Oven, Refrigerator
FlooringTile, Vinyl

Exterior

Exterior FeaturesPrivate Yard
Lot Size9,779 sqft

Building Information

Year Built1962
Roof Type105
Garage Spaces2

Land Information

APNR120022
Lot Number795
SubdivisionBriercroft
Land UseResidential
Legal DescriptionBRIERCROFT L 80 & E2'OF 79
Census Tract002207
Assessed Land Value$31,500
Assessed Improvement Value$179,996
Assessment Year2025

About this property

Welcome to a home where comfort, craftsmanship and quiet escape come together. The current owner has invested in numerous updates including a brand-new roof, electrical improvements, full energy-efficient windows throughout, updated HVAC, water heater, doors, and more - providing added value, reliability and peace of mind for future owners. Inside, natural light fills two versatile living spaces, offering flexibility for everyday living, entertaining, a home office or creative pursuits. The kitchen blends function and character with a custom built-in cabinet and butcher block island. Step outside and the experience deepens. The backyard is not just an outdoor space it is a retreat. With mature shade and a sense of privacy, it evokes the feeling of a quiet escape - reminiscent of Ruidoso or Taos - right in your own home. Whether enjoying warm Texas evenings or cooler mornings, the space invites you to slow down and stay a while. A gourmet outdoor brick oven, crafted with authentic materials imported from Italy, creates a rare and memorable setting for gatherings or quiet nights under the sky. With 3 spacious bedrooms and 2 bathrooms, this home balances everyday function with moments of beauty. Conveniently located near restaurants, shopping, and major highways, this is more than a home - it's a place to live well, inside and out.

Investor Tools

$0Estimated Mortgage Balance
$227,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,404 /month
Positive
Cash Flow Estimate:
$468 /month

Interested in this property?

Dianna Romans

Keller Williams Realty

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$277/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,192
$211,496
2025
$31,500
$179,996
$211,496
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,192
$211,496

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$227,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,425/mo
N/A
+$1,425/mo
7.5%

Learn About the Market: Opportunity in Texas

Local Market Pages
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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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