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$473,000

NAL Estimated Property Value

298 Palamino Dr, Lubbock, TX, 79404

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths2,034 Sq Ft
price_per_sqft$164.7 / sqft
Year BuiltBuilt in 2007

Property Lead Type:

Off-Market ListAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesRange, Disposal, Dishwasher, Free-Standing Electric Range, Free-Standing Range, Microwave

Building Information

Year Built2007
Roof Type105
Garage Spaces2

Land Information

APNR313649
Lot Number2980
SubdivisionBuffalo Lake
Land UseResidential
Legal DescriptionBUFFALO LAKE L 298 LEASED LD
Census Tract010700
Assessed Improvement Value$465,144
Assessment Year2025

About this property

3/2/2 move-in ready home with an OUTSTANDING LAKEVIEW from the top of the canyon is one of a kind!Perfect for your lake get-away or primary residence! This home offers an open floor plan, great size guest bedrooms, an isolated large owner's suite with access to the back patio and water views! Enjoy cooking out on the massive covered patio with the outdoor kitchen area and large backyard. Updated light fixtures, newly painted interior and carpet. Exterior also has an automated pest control system that makes lake life much more enjoyable! Do not miss out on this rare opportunity in West Texas!

Investor Tools

Property Icon
$473,000
Estimated Property Value
$310,367Estimated Mortgage Balance
$162,633Estimated Equity
34% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,838 /month
Positive
Cash Flow Estimate:
$946 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$681/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,810
$465,144
2025
N/A
$465,144
$465,144
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,810
$465,144

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Texas Tech Fcu
Conventional
$314,500
No
First
Aug 13, 2025
Sep 2040

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$310,367
$162,633
34%
66%
$1,886/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,425/mo
$1,886/mo
$-461/mo
3.6%

City: Lubbock

298 Palamino Dr | Property Details | No Agent List