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$148,000

NAL Estimated Property Value

3512 38th Street, Lubbock, TX, 79413

SoldInfo
6/18/26
Beds4 Beds
Baths2 Bath
Baths1,694 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$88.55 / sqft
Year BuiltBuilt in 1954

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Free-Standing Range, Gas Oven, Gas Range
FlooringCeramic Tile, Plank, Wood

Exterior

Exterior FeaturesNone
Lot Size7,950 sqft

Building Information

Year Built1954
Roof Type105

Land Information

APNR117124
Lot Number15
SubdivisionSlaton Myrtle
Land UseResidential
Legal DescriptionSLATON MYRTLE BLK 4 L 15
Census Tract001905
Assessed Land Value$25,000
Assessed Improvement Value$126,298
Assessment Year2025

About this property

Welcome to this charming home nestled in an established Lubbock neighborhood. This property offers a perfect blend of comfort, functionality, and appeal. Step inside to discover a warm and welcoming living space filled with natural light and beautiful wood floors ideal for relaxing evenings or entertaining guests. The layout flows effortlessly into a spacious dining area with open access to the kitchen. The home offers 4 bedrooms with an isolated master bedroom. The 4th bedroom offers wonderful built-in with windows overlooking the backyard. The laundry room features 2 closets and plenty of cabinets for extra storage. The refrigerator and the washing machine and dryer will convey with an acceptable contract. Outside, you'll find a large backyard with endless possibilities—perfect for outdoor gatherings, gardening, or simply enjoying West Texas sunsets. The property also includes 2 storage buildings. Located just minutes from local shopping, dining, schools, and parks, this home combines quiet neighborhood living with easy access to everything Lubbock has to offer. Whether you're a first-time buyer, investor, or looking for a change, this property is full of potential and ready to welcome you home.

Investor Tools

Property Icon
$148,000
Estimated Property Value
$73,576Estimated Mortgage Balance
$74,424Estimated Equity
50% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$900 /month
Positive
Cash Flow Estimate:
$300 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$169/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,292
$141,638
2025
$25,000
$126,298
$151,298
No

Tax History

Year
Tax Paid
Assessed Value
2025
$1,292
$141,638

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Primelending
Fha
$96,967
Yes
First
Jun 18, 2015
Jul 2045

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$73,576
$74,424
50%
50%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,960/mo
N/A
+$1,960/mo
15.9%

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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3512 38th Street, Lubbock, TX 79413 | Property Details | No Agent List