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$136,000

NAL Estimated Property Value

3011 Grinnell St, Lubbock, TX, 79415

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,450 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$86.21 / sqft
Year BuiltBuilt in 1955

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1Bathrooms Full 1
AppliancesDisposal
FlooringCarpet, Laminate

Exterior

Lot Size7,553 sqft

Building Information

Year Built1955
Roof Type105

Land Information

APNR104604
Lot Number6
SubdivisionMarlin Park
Land UseResidential
Legal DescriptionMARLIN PARK BLK 7 L 6
Census Tract000304
Assessed Land Value$15,500
Assessed Improvement Value$104,911
Assessment Year2025

About this property

Welcome Home! Conveniently located to 4th Street and the north loop! The home features 2 living areas. The large family room has a cozy woodburning rock fireplace. The kitchen has freshly painted cabinets and a gas range. The yard has a large patio. A great place for family or entertaining. The heating and cooling system was replaced in November 2024 along with the hot water. The interior and exterior have been recently painted. Some bathroom updates and new light fixtures in home. Easy access to shopping, dining, downtown Lubbock, hospitals and Texas Tech University. The washer and dryer will convey with the property. Don't miss this one!

Investor Tools

Property Icon
$136,000
Estimated Property Value
$120,390Estimated Mortgage Balance
$15,610Estimated Equity
11% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$816 /month
Positive
Cash Flow Estimate:
$272 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$80/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$283
$120,411
2025
$15,500
$104,911
$120,411
No

Tax History

Year
Tax Paid
Assessed Value
2024
$283
$120,411

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Alliance Cu
Fha
$122,735
Yes
First
Apr 28, 2025
May 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$120,390
$15,610
11%
89%
$736/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,425/mo
$736/mo
+$689/mo
12.6%

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.

Explore Texas Explore This Area
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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