Last 24 Hours
$239,950
2705 85th Street, Lubbock, TX, 79423
On Market
3 Beds
2 Bath
1,671 Sq Ft
$143.6 / sqft
Built in 1996Property Lead Type:
High Equity
Highlights
Interior
Bedrooms 3
Bathrooms Full 2
Indoor Fireplace
Garage Available
Heating Central
CoolingAppliancesDishwasher, Free-Standing Range, Microwave
FlooringCeramic Tile
Exterior
Exterior FeaturesPrivate Yard
Building Information
Year Built1996
Roof Type114
Garage Spaces2
Land Information
APNR138809
Lot Number1050
SubdivisionSummerfield
Land UseResidential
Legal DescriptionSUMMERFIELD L 105
Census Tract010505
Assessed Land Value$18,360
Assessed Improvement Value$196,414
Assessment Year2025
About this property
Location, Location, Location! This beautiful home is walking distance to United grocery, restaurants, movie theater and financial services. Fantastic Bonus room above the garage! ** New paint throughout, Tile flooring, wonderful fireplace in living room, Tall ceilings, new garage door opener, enclosed space above the garage for extra office or gathering space! Beautiful Japanese Magnolia and cherry blossom tree in the front yard. Conveniently located within minutes of Texas Tech University!
Investor Tools
$0Estimated Mortgage Balance
$297,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,782 /month
Positive
Cash Flow Estimate:
$594 /month
Interested in this property?
ContactFinancing Details
Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$447/month
No HOA
5.947%
Tax Information
Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,885
$214,774
2025
$18,360
$196,414
$214,774
No
Tax History
Year
Tax Paid
Assessed Value
2024
$3,885
$214,774
Equity Summary
Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$297,000
100%
0%
$0/mo
Rental Potential
Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,550/mo
N/A
+$1,550/mo
6.3%
12.4%