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$190,000

NAL Estimated Property Value

3 Libby Ln, Longview, TX, 75602

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths2,400 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$85.42 / sqft
Year BuiltBuilt in 1962

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesGas Water Heater

Exterior

Lot Size17,367 sqft

Building Information

Year Built1962
Stories1
Roof Type109
Garage Spaces1

Land Information

APN6610000462-006-00-02
Lot Number6
SubdivisionSouthwood
Land UseResidential
Legal DescriptionLT 6 BLK 462A SOUTHWOOD (S PT LT 6)
Census Tract001300
Assessed Land Value$14,090
Assessed Improvement Value$161,290
Assessment Year2025

About this property

Welcome to 3 Libby Lane, a 3-bedroom, 2-bathroom home that sits on a large, quiet cul-de-sac in Longview! The main living room is spacious and has a wood burning fireplace. The roof is practically new, only about 12 months old. The house has a large second living area that is carpeted, screened-in, and vented making it a total of 2400 sq ft. There is a lot of storage in the kitchen and appliances included are cooker, refrigerator, washer, dryer, dishwasher, and garbage disposal. The HVAC system is fairly new. The house has a 2-car garage port, large front yard and backyard, a wooden deck in the back which lets you enjoy fresh air under trees that provide shade. There is a backyard storage shed and a large unit previously used as a greenhouse that can also provide extra storage. The property sits on a 0.40 acre lot all of which stays shaded under tall trees with a view of nature in the backyard! It is located a 5-minute walk from LeTourneau University. Perfect for students or staff, but the area is very quiet, and - like other homes nearby– is very suitable for single families. Children will enjoy playing and bike-riding around the 125-foot-diameter cul-de-sac. The cul-de-sac’s 400 ft round distance allows for relaxed evening walks. Nearby Mobberly Avenue will receive bike lanes soon and is a plus. Lots of potential with this home.

Investor Tools

Property Icon
$190,000
Estimated Property Value
$176,740Estimated Mortgage Balance
$13,260Estimated Equity
6% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,230 /month
Positive
Cash Flow Estimate:
$410 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$356/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,322
$175,380
2025
$14,090
$161,290
$175,380
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,322
$175,380

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Ocmbc Inc
Fha
$178,825
Yes
First
Sep 29, 2025
Oct 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$176,740
$13,260
6%
93%
$1,073/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,220/mo
$1,073/mo
+$147/mo
7.7%

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: Longview

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3 Libby Ln | Property Details | No Agent List