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$258,000

NAL Estimated Property Value

303 Luby Dr, Tom Bean, TX, 75489

Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths1,713 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$154.7 / sqft
Year BuiltBuilt in 1980

Property Lead Type:

Off-Market ListAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1.5Bathrooms Full 1.5
Garage AvailableGarage Available
Heating CentralHeating Central
AppliancesDishwasher, Electric Cooktop, Electric Oven, Refrigerator
FlooringCarpet, Laminate, Tile

Exterior

Exterior FeaturesOther
Lot Size27,221 sqft

Building Information

Year Built1980
Roof Type109
Garage Spaces2

Land Information

APNN003 1096035
SubdivisionShannon Aaron A-G1096
Land UseResidential
Legal DescriptionG-1096 SHANNON AARON A-G1096, ACRES .6249, 113X248IRR 113X248IRR
Census Tract001802
Assessed Land Value$67,503
Assessed Improvement Value$184,370
Assessment Year2025

About this property

Welcome to 303 Luby Dr. This solid all-brick home, set on a .625 ac with a bonus 720 sqft detached studio, has the life-ready space families are looking for. We love the spacious layout and blend of vintage charm in pristine condition with modern updates in all the right places, including a four year old roof, fresh exterior paint, new carpet, no popcorn on the ceilings. The floor plan is a winner with massive fireplace, built-ins, spacious split-bedrooms, three full baths, storage in smart places & a flow that effortlessly connects the family living, dining & kitchen spaces to the outdoors. A bonus formal living room at the front entry adds flexibility plus grand opportunities for hosting guests or having an office. Situated on a 0.625 acre, there’s all the space families need for outdoor toys, trailers, boats, plus room for hobbies, gardening, or even micro farming. The attached garage offers flexibility for four-cars tandem, or two cars with ample addl space for a workshop or under AC addition. The value-added detached 720 sqft accessory building - formerly an art studio - has water & electricity & potential for separate road access creating a live + work setup not often available. You're sure to love the lifestyle this home offers - it's the perfect blend of space, comfort & versatility, in an ideal location close to preferred shopping, entertainment & employers. One long-term owner, and never a rental. This classic, move-in ready home is a must see.

Investor Tools

Property Icon
$258,000
Estimated Property Value
$257,734Estimated Mortgage Balance
$266Estimated Equity
0% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,590 /month
Positive
Cash Flow Estimate:
$530 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$209/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,214
$251,873
2025
$67,503
$184,370
$251,873
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,214
$251,873

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Sublime Financial Llc
Va
$260,000
Yes
First
Nov 25, 2025
Dec 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$257,734
$266
0%
100%
$1,559/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: Tom Bean

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303 Luby Dr | Property Details | No Agent List