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$148,000

NAL Estimated Property Value

319 N Sherman Ave, Lubbock, TX, 79415

SoldInfo
6/12/26
Beds3 Beds
Baths2 Bath
Baths1,708 Sq Ft
price_per_sqft$52.63 / sqft
Year BuiltBuilt in 1939

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
AppliancesElectric Cooktop, Electric Oven, Microwave, Refrigerator
FlooringCarpet, Linoleum, Tile

Exterior

Exterior FeaturesPrivate Yard, Storage
Lot Size7,125 sqft

Building Information

Year Built1939

Land Information

APNR32903
Lot Number3
SubdivisionRan Smith
Land UseResidential
Legal DescriptionRAN SMITH BLK 3 L 3
Census Tract000201
Assessed Land Value$2,000
Assessed Improvement Value$85,299
Assessment Year2025

About this property

This home is aging like fine wine. It's been so meticulously cared for, and it shows. The charming cottage-style elevation features mature landscaping and a cozy front porch perfect for morning coffee. This super clean, 3/2, semi-open floor plan, features a fresh coat of paint, new carpet, and updated light fixtures. The rear master suite includes an en-suite bath with separate shower. Kitchen is light and bright with extra eating area, breakfast bar, fridge, oven, electric cooktop and microwave, and wood-painted cabinets. Parking is made easy with the detached, 2-car, metal carport. Added storage in the back with the small shop and shed. An enclosed rear patio creates a rotunda area ideal for the plant enthusiast, while also providing a laundry room away from the elements. This is just a super clean home that won't last long at this price. Add it to your list to tour!

Investor Tools

Property Icon
$148,000
Estimated Property Value
$0Estimated Mortgage Balance
$148,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$888 /month
Positive
Cash Flow Estimate:
$296 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$77/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$187
$75,031
2025
$2,000
$85,299
$87,299
No

Tax History

Year
Tax Paid
Assessed Value
2024
$187
$75,031

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$148,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,425/mo
N/A
+$1,425/mo
11.6%

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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319 N Sherman Ave | Property Details | No Agent List