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$594,000

NAL Estimated Property Value

2218 S Lipscomb St, Amarillo, TX, 79109

Off MarketInfo
Beds4 Beds
Baths5 Bath
Baths3,307 Sq Ft
price_per_sqft$181.4 / sqft
Year BuiltBuilt in 1994

Property Lead Type:

Absentee OwnerHigh EquityCash BuyersMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 5Bathrooms Full 5
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
HeatingHeating
CoolingCooling

Exterior

Exterior FeaturesBrick, Outdoor Kitchen
Lot Size7,841 sqft

Building Information

Year Built1994
Stories2
Roof Type105
Garage Spaces2

Land Information

APNR-090-0500-3610
Lot Number10
SubdivisionWolflin Place Amd
Land UseResidential
Legal DescriptionWOLFLIN PLACE AMD, LOT 010, BLK 0019
Census Tract010400
Assessed Land Value$15,000
Assessed Improvement Value$436,082
Assessment Year2025

About this property

Located on a corner lot in the heart of Wolflin, this beautifully maintained home blends timeless character with thoughtful modern updates. The completely remodeled gourmet kitchen is a true showpiece, featuring brand-new cabinetry, quartz countertops, generous counter space, and striking new light fixtures, all opening seamlessly to the main living areas. Large windows throughout the home bring in abundant natural light, highlighting wood flooring, updated paint colors, and multiple living and dining spaces, including a formal dining room and breakfast nook. Designed for both everyday living and entertaining, the home offers multiple fireplaces and an exceptional outdoor living area with a covered patio, outdoor kitchen, and stone fireplace, surrounded by mature landscaping. The main-level flex room provides versatility as a home office, guest suite, or additional bedroom. Upstairs, spacious bedrooms are thoughtfully arranged, including two bedrooms connected by a Jack-and-Jill bath with separate private vanities, while all bedrooms enjoy convenient bathroom access. This home offers comfort, functionality, and elegant indoor-outdoor living in one of Amarillo's most established neighborhoods.

Investor Tools

Property Icon
$594,000
Estimated Property Value
$0Estimated Mortgage Balance
$594,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,599 /month
Positive
Cash Flow Estimate:
$1,200 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,093/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$10,145
$451,082
2025
$15,000
$436,082
$451,082
No

Tax History

Year
Tax Paid
Assessed Value
2024
$10,145
$451,082

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$594,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,670/mo
N/A
+$1,670/mo
3.4%

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: Amarillo

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2218 S Lipscomb St | Property Details | No Agent List