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$168,500

2203 S 5th St, Lamesa, TX, 79331

$170,907 ARVInfo
On MarketInfo
Just AddedInfo
Beds3 Beds
Baths3 Bath
Baths2,051 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$82.16 / sqft
Year BuiltBuilt in 1961

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms 3Bathrooms 3
AppliancesCooktop, Dishwasher, Disposal, Oven
FlooringCarpet, Tile

Exterior

Exterior FeaturesRain Gutters, Storage
Lot Size9,365 sqft

Building Information

Year Built1961

Land Information

APN1326
Lot Number1,2
Land UseResidential
Legal DescriptionW/2 OF LOT 1 & E/73 OF LOT 2 BLK 8 BLACKSTOCK HTS (2203 S 5TH)
Census Tract950500
Assessed Land Value$6,300
Assessed Improvement Value$116,770
Assessment Year2025

About this property

Spacious 3-Bedroom Home with Flexible Living Space & Endless Potential. Bring your vision to this spacious 3-bedroom, 3-bathroom home offering a great layout, generously sized rooms, and an open floor plan. The versatile 4th room provides endless possibilities and could easily serve as a 4th bedroom, home office, playroom, or additional living space to fit your needs. Step outback to a large concrete driveway/patio, perfect for entertaining, grilling, or relaxing, and offering plenty of room for outdoor activities like basketball, soccer, and more. The soffits and eaves are covered in low-maintenance siding, eliminating the need for painting, and additional highlights include a roof approximately 5 years old, two hot water heaters, and a storage building. The home does need updates, but the potential is undeniable. With the right improvements, this property can truly shine and become a wonderful home tailored to your style. Conveniently located near South Elementary school and the near-by city golf course, this home offers space, flexibility, and an opportunity to create something special. Don't miss the chance to make this one your own!

Investor Tools

$0Estimated Mortgage Balance
$204,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$170,906
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,224 /month
Positive
Cash Flow Estimate:
$408 /month

Interested in this property?

Deedra Cope

Steadfast Realty, LLC

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$298/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,550
$120,070
2025
$6,300
$116,770
$123,070
No

Tax History

Year
Tax Paid
Assessed Value
2022
$2,550
$120,070

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$190,000
100%
0%
$0/mo

City: Lamesa

2203 S 5th St | Property Details | No Agent List