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$556,000

NAL Estimated Property Value

2901 County Road 7570, Lubbock, TX, 79423

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,873 Sq Ft
price_per_sqft$170.32 / sqft
Year BuiltBuilt in 1992

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 4Bathrooms Full 4
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesCooktop, Disposal, Dishwasher, Electric Cooktop, Microwave
FlooringCarpet, Hardwood

Exterior

Lot Size1.17 acres

Building Information

Year Built2013
Roof Type105
Garage Spaces550

Land Information

APNR322141
Lot Number2230
SubdivisionTimber Ridge
Land UseResidential
Legal DescriptionTIMBER RIDGE L 223
Census Tract010512
Assessed Land Value$30,000
Assessed Improvement Value$445,737
Assessment Year2025

About this property

This one of kind gem is a newly remodeled home that has the best of both worlds. Sitting on 10 acres with a 300 yard crushed limestone driveway, it has lots of space. It is minutes away from amenities such as shopping, churches, schools and entertainment. This listing also possesses a 20 x 26 addition that can be used for entertainment or finished out as a mother-in-law suite. The 20 x 20 step-down living area has a unique ceiling, built-in bookshelves & entertainment center. Custom built cabinetry warms the entire house. Kitchen, dining and hallways are finished out with hardwood floors. An eye popping granite countertop on a 10' island made out of 1880 barn wood, accents the space being both functional and beautiful. A 30 x 40 workshop with a 14 x 40 overhang is found steps from the house along with a concrete basketball pad and space for bike riding. The exterior has no maintenance concrete board, brick, rain gutters, an oversized carport, and clean landscaping.

Investor Tools

Property Icon
$556,000
Estimated Property Value
$152,086Estimated Mortgage Balance
$403,914Estimated Equity
72% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,336 /month
Positive
Cash Flow Estimate:
$1,112 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$740/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,104
$475,737
2025
$30,000
$445,737
$475,737
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,104
$475,737

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Prosperity Bank
N/A
$192,000
N/A
First
Jul 13, 2016
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$152,086
$403,914
72%
27%
$1,152/mo

City: Lubbock

2901 County Road 7570 | Property Details | No Agent List