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$193,000

NAL Estimated Property Value

3606 54th Street, Lubbock, TX, 79413

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,371 Sq Ft
price_per_sqft$142.23 / sqft
Year BuiltBuilt in 1962

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Double Oven, Dryer, Electric Cooktop, Electric Oven, Microwave, Oven, Washer
FlooringCarpet, Laminate, Tile

Exterior

Exterior FeaturesOther
Lot Size8,128 sqft

Building Information

Year Built1962
Roof Type105
Garage Spaces2

Land Information

APNR128952
Lot Number615
SubdivisionGlenridge
Land UseResidential
Legal DescriptionGLENRIDGE L 123
Census Tract001907
Assessed Land Value$32,000
Assessed Improvement Value$143,160
Assessment Year2025

About this property

Charming Corner-Lot Home in Glenridge - $199,000! Welcome to this inviting single-family home in the desirable Glenridge subdivision, just north of Melonie Park! Priced at $199,000, this versatile 3-bedroom, 2-bath home with a 2-car garage offers comfort, convenience, and flexibility for today's lifestyle. One of the bedrooms can easily be converted into a home office, making it perfect for remote work or study. Situated on a spacious corner lot, the property also features a carport and extra parking—ideal for guests or multiple vehicles. Located in a welcoming, all-ages neighborhood near Miller Elementary School, this home offers easy access to everything Lubbock has to offer, including shopping, dining, and quick commutes to Texas Tech University. Highlights: 3 Bedrooms / 2 Bathrooms / 2-Car Garage, Flexible space for home office, Corner lot with added parking & carport, Family-friendly neighborhood, Convenient location near schools, parks, and Texas Tech. Don't miss this opportunity—schedule your showing today!

Investor Tools

Property Icon
$193,000
Estimated Property Value
$170,098Estimated Mortgage Balance
$22,902Estimated Equity
11% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,170 /month
Positive
Cash Flow Estimate:
$390 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$345/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,176
$175,160
2025
$32,000
$143,160
$175,160
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,176
$175,160

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Prosperity Bank
Conventional
$180,000
No
First
Jun 30, 2023
Jul 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$170,098
$22,902
11%
88%
$1,080/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,670/mo
$1,080/mo
+$590/mo
10.4%

City: Lubbock

3606 54th Street, Lubbock, TX 79413 | Property Details | No Agent List