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$770,000

3 Jesse James Dr, Lubbock, TX, 79404

Off MarketInfo
Beds5 Beds
Baths4 Bath
Baths3,124 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$260.88 / sqft
Year BuiltBuilt in 2015

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 5Bedrooms 5
Bathrooms Full 4Bathrooms Full 4
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesRefrigerator, Built-In Refrigerator, Disposal, Double Oven, Dishwasher, Microwave, Water Softener, Water Softener Owned, Water Heater, Tankless Water Heater

Building Information

Year Built2015
Roof Type105
Garage Spaces2

Land Information

APNR326269
Lot Number30
SubdivisionBuffalo Lake
Land UseResidential
Legal DescriptionBUFFALO LAKE L 3 LEASED LD
Census Tract010700
Assessed Improvement Value$608,300
Assessment Year2025

About this property

This luxury lake property is ready for you to call home! This property includes both the main house and an apartment efficiency perfect for an Air bnb to make some additional $$ or perfect for family and quest to stay. With 2,124 sq ft including 3 bedrooms and 2 bathrooms in the main house and an additional 1,000 sq ft of livable space with 2 bedrooms and 2 baths in the custom efficiency. Both equipped with tankless water heaters. This house is sure to be a main attraction for entertainment with the outdoor patio, outdoor kitchen, lake view, and turf yard. There is plenty of room to store your boats, golf carts, and an RV in the large shop as well as plenty of exterior parking for friends and family. We are offering to sell 3,124 sf of livable area at $239.44/sqft, plus 1,925/sqft additional barn space and storage at $40/sqft, Total $825,000.

Investor Tools

Property Icon
$770,000
Estimated Property Value
$250,000Estimated Mortgage Balance
$571,971Estimated Equity
68% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,890 /month
Positive
Cash Flow Estimate:
$1,630 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,220/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$10,786
$608,300
2025
N/A
$608,300
$608,300
No

Tax History

Year
Tax Paid
Assessed Value
2024
$10,786
$608,300

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Citizens Bank
N/A
$250,000
N/A
First
Jul 8, 2016
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$198,029
$571,971
74%
26%
$1,499/mo

Learn About the Market: Opportunity in Texas

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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.

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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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3 Jesse James Dr | Property Details | No Agent List