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Street View

$52,760

NAL Estimated Property Value

3129 Sparrow Road, Lubbock, TX, 79407

SoldInfo
6/26/26
Baths0 Bath
Unimproved LandUnimproved Land

Highlights

Interior

Bathrooms 0Bathrooms 0

Exterior

Lot Size2.01 acres

Land Information

APN103933
Lot Number31
Land UseCommercial
Legal DescriptionBROWN FARMS, LOT 31, AB153, ACRES 2.01
Census Tract950600
Assessed Land Value$52,760
Assessment Year2025

About this property

This property sits on 2.01 acres with no restrictions. Great property to build or place a mobile home. The tranquility of country life awaits and close to Smyer School District. This area has sold all of the lots around it. Great opportunity awaits!!

Investor Tools

Property Icon
$52,760
Estimated Property Value
$24,146Estimated Mortgage Balance
$28,614Estimated Equity
54% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$317 /month
Positive
Cash Flow Estimate:
$106 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$92/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$836
$52,760
2025
$52,760
N/A
$52,760
No

Tax History

Year
Tax Paid
Assessed Value
2025
$836
$52,760

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Viva Farms Llc
Purchase Money Mortgage
$25,729
No
First
Feb 3, 2023
Feb 2028

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$24,146
$28,614
54%
46%
$155/mo

Learn About the Market: Opportunity in Texas

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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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3129 Sparrow Road | Property Details | No Agent List