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$248,000

NAL Estimated Property Value

3603 Ridgely, Lubbock, TX, 79407

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,792 Sq Ft
price_per_sqft$99.89 / sqft
Year BuiltBuilt in 2015

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesRange, Disposal, Dishwasher, Free-Standing Electric Range, Free-Standing Range, Microwave
FlooringCarpet, Tile

Exterior

Lot Size5,320 sqft

Building Information

Year Built2015
Roof Type105
Garage Spaces2

Land Information

APNR324549
Lot Number2880
SubdivisionMilwaukee Ridge
Land UseResidential
Legal DescriptionMILWAUKEE RIDGE L 288
Census Tract010419
Assessed Land Value$15,960
Assessed Improvement Value$207,691
Assessment Year2025

About this property

This custom built home features thousands of dollars in upgrades. Here are a few:Upgraded 12x24 tile in kitchen, entry and baths, crown molding in entry, great room, bedrooms, Stainless appliances,Under counter lighting in kitchen, Upgraded mirrors in both baths. All drapes and window treatments will remain. Flat screen TV's on patio and master bath remain.Beautiful landscaping and sprinklers front and back. Many other upgrades really make this home a great find.Community swimming pool and park for the kids.

Investor Tools

Property Icon
$248,000
Estimated Property Value
$116,366Estimated Mortgage Balance
$131,634Estimated Equity
53% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,488 /month
Positive
Cash Flow Estimate:
$496 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$424/month
$336/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,853
$223,651
2025
$15,960
$207,691
$223,651
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,853
$223,651

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Primewest Mortgage Corp
Conventional
$142,400
No
First
Jul 20, 2017
Aug 2047

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$116,366
$131,634
53%
47%
$854/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,425/mo
$1,190/mo
+$235/mo
6.9%

City: Lubbock

3603 Ridgely | Property Details | No Agent List