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$239,000

3404 Essex Avenue, Lubbock, TX, 79407

PendingInfo
Beds3 Beds
Baths2 Bath
Baths1,634 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$146.27 / sqft
Year BuiltBuilt in 1978

Property Lead Type:

High EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling

Exterior

Exterior FeaturesPrivate Yard, Storage
Lot Size6,500 sqft

Building Information

Year Built1978
Roof Type105
Garage Spaces440

Land Information

APNR137641
Lot Number240
SubdivisionVillage West
Land UseResidential
Legal DescriptionVILLAGE WEST L 24
Census Tract001710
Assessed Land Value$32,000
Assessed Improvement Value$148,889
Assessment Year2025

About this property

Tucked near the end of a quiet cul-de-sac, this beautifully updated and meticulously maintained home offers comfort, style, and privacy in a highly convenient Lubbock location. Step inside to a welcoming living room with vaulted ceilings and a stunning brick fireplace with gas logs, perfect for cozy evenings. The thoughtfully designed layout includes a spacious primary suite and two guest bedrooms that share a well-appointed hall bath. Both bathrooms have been tastefully updated, along with the kitchen, which features stainless steel appliances, a farmhouse sink, and modern finishes throughout. The dishwasher, washer, and dryer all convey, making this home truly move-in ready. Fresh, updated paint adds a clean and cohesive feel across the entire home, and the dedicated laundry room provides added functionality. Major upgrades include Renewal by Andersen windows installed in 2024 with a transferable lifetime warranty, offering energy efficiency and peace of mind. An ADT monitored security system with outdoor cameras is also in place. Outside, you will find a beautifully manicured backyard designed for both relaxation and entertaining. Enjoy the oversized covered patio, mature shade trees, and thoughtfully planned landscaping that creates a private retreat. A standout feature is the workshop, complete with electricity and air conditioning, ideal for hobbies, projects, or extra storage. With easy access to major roads, you are just minutes from everything Lubbock has to offer while still enjoying the tranquility of a tucked-away setting. This home truly checks all the boxes.

Investor Tools

$172,805Estimated Mortgage Balance
$25,195Estimated Equity
12% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,434 /month
Positive
Cash Flow Estimate:
$478 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$257/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,095
$180,889
2025
$32,000
$148,889
$180,889
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,095
$180,889

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Mortgage Research Center Llc
Va
$185,444
Yes
First
Sep 9, 2022
Oct 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$172,805
$25,195
12%
87%
$1,112/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,425/mo
$1,112/mo
+$313/mo
8.6%

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.

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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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3404 Essex Avenue | Property Details | No Agent List