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$106,000

312 Chicago Dr, Lamesa, TX, 79331

Off MarketInfo
Beds3 Beds
Baths1 Bath
Baths1,205 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$99.59 / sqft
Year BuiltBuilt in 1952

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityVacant Homes

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1Bathrooms Full 1

Exterior

Lot Size9,365 sqft

Building Information

Year Built1952

Land Information

APN3645
Lot Number21
Land UseResidential
Legal DescriptionLOT 21 BLK 7 MAIN ST ADDN
Census Tract950401
Assessed Land Value$5,040
Assessed Improvement Value$84,750
Assessment Year2025

About this property

Don't miss this charming three bedroom home in the Heart of Lamesa. Perfect for a family, an individual or a buyer wanting to add to their rental portfolio, this home checks off the boxes. Light and bright, this home feels open and has a comfortable flow. With its huge over-sized living space and backyard, this home is perfect for family gatherings or entertaining. This home is nestled on a quiet block, with established trees and great curb-appeal. Check this beauty out today!

Investor Tools

Property Icon
$106,000
Estimated Property Value
$0Estimated Mortgage Balance
$106,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$720 /month
Positive
Cash Flow Estimate:
$240 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$253/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,503
$89,790
2025
$5,040
$84,750
$89,790
No

Tax History

Year
Tax Paid
Assessed Value
2025
$2,503
$89,790

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$106,000
100%
0%
$0/mo

Learn About the Market: Opportunity in Texas

Local Market Pages
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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: Lamesa

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312 Chicago Dr | Property Details | No Agent List