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$299,000

2506 24th Street, Lubbock, TX, 79410

On MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,814 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$164.83 / sqft
Year BuiltBuilt in 1941

Property Lead Type:

BankruptcyPre-ForeclosureAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Free-Standing Gas Range, Free-Standing Range, Microwave
FlooringHardwood, Tile

Exterior

Exterior FeaturesNone
Lot Size7,500 sqft

Building Information

Year Built1941
Roof Type105
Garage Spaces2

Land Information

APNR44399
Lot Number180
SubdivisionEllwood Place
Land UseResidential
Legal DescriptionELLWOOD PL BLK 20 L 20
Census Tract001501
Assessed Land Value$45,350
Assessed Improvement Value$225,199
Assessment Year2025

About this property

Don't miss this opportunity to own this charming home in Tech Terrace for your students coming to Texas Tech this fall. This house will be moving ready the first week of August... it has been a high-performing rental! Discover the perfect blend of charm and contemporary updates. This beautiful 3-bedroom, 2-bathroom home features stunning hardwood floors and a fresh, designer-curated color palette throughout. The heart of the home is a spacious kitchen boasting ample cabinetry and a dedicated breakfast nook, flowing seamlessly into the open living and dining areas. Retreat to the expansive, isolated primary suite, complete with a cozy fireplace and a stunningly remodeled en-suite bath. Two additional bedrooms offer generous closet space and share a stylishly updated hall bathroom. Exterior & Mechanical Highlights: Recent Upgrades: New roof (Dec 2022), fresh sod, and full sprinkler system (Spring 2023). Parking: Detached two-car garage with garage new doors. Inclusions: All appliances stay--including the refrigerator, dishwasher, washer, dryer, and a new disposal.

Investor Tools

$231,453Estimated Mortgage Balance
$80,547Estimated Equity
25% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,872 /month
Positive
Cash Flow Estimate:
$624 /month

Interested in this property?

Dianna Romans

Keller Williams Realty

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$529/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,787
$270,549
2025
$45,350
$225,199
$270,549
No

Tax History

Year
Tax Paid
Assessed Value
2025
$4,787
$270,549

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Texas Tech Fcu
Conventional
$247,500
No
First
Dec 2, 2022
Jan 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$231,453
$80,547
25%
74%
$1,484/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,740/mo
$1,484/mo
+$256/mo
6.7%

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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2506 24th Street | Property Details | No Agent List