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$359,000

2602 31st Street, Lubbock, TX, 79410

On MarketInfo
Just AddedInfo
Beds3 Beds
Baths2 Bath
Baths1,895 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$189.45 / sqft
Year BuiltBuilt in 1949

Property Lead Type:

Absentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Electric Range
FlooringHardwood

Exterior

Exterior FeaturesDog Run, Private Entrance, Private Yard
Lot Size10,500 sqft

Building Information

Year Built1949
Roof Type105
Garage Spaces2

Land Information

APNR52720
Lot Number24
SubdivisionCollege View
Land UseResidential
Legal DescriptionCOLLEGE VIEW BLK 8 L 24
Census Tract001502
Assessed Land Value$38,000
Assessed Improvement Value$237,740
Assessment Year2025

About this property

Incredible find in Tech Terrace! This fully updated 4 Bedroom, 2 Bathroom home blends classic Tech Terrace charm with modern updates and is located just one mile from Texas Tech University on a corner lot with ample parking. Features include hardwood floors throughout, a spacious living area with decorative fireplace. Fabulous fully renovated kitchen with new cabinetry, granite countertops, island w/ storage, backsplash, pantry and range (2025). The Primary suite is spacious with ensuite bath & updated tiled shower. Three additional bedrooms offer great storage and share a hall bathroom that has been fully updated. Fourth Bedroom has a private exterior entrance. Enjoy the exceptional backyard with two pergolas, turf, dog run, and detached 2-car garage/shop. Major updates include a water heater (2024), exterior steel siding, updated electrical, Anderson windows, all exterior steel doors, LED lighting throughout, refinished hard wood floors, and pergolas (2021). Its prime location, flexible layout, and extensive updates make this a stand out investment in one of Lubbock's most desirable neighborhoods. Schedule a tour today!

Investor Tools

$183,433Estimated Mortgage Balance
$99,567Estimated Equity
35% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,154 /month
Positive
Cash Flow Estimate:
$718 /month

Interested in this property?

Angela Smith

WestMark Companies

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$535/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,007
$275,740
2025
$38,000
$237,740
$275,740
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,007
$275,740

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Republic State Mortgage Co
Conventional
$204,000
No
First
Mar 8, 2021
Apr 2041

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$183,433
$99,567
35%
65%
$1,224/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,740/mo
$1,224/mo
+$516/mo
7.4%

City: Lubbock

2602 31st Street, Lubbock, TX 79410 | Property Details | No Agent List