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$245,000

3616 S Lamar St, Amarillo, TX, 79109

On MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,826 Sq Ft
price_per_sqft$134.17 / sqft
Year BuiltBuilt in 1955

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
HeatingHeating
CoolingCooling
AppliancesOven, Cooktop

Exterior

Exterior FeaturesBrick
Lot Size10,019 sqft

Building Information

Year Built1955
Stories1
Roof Type105
Garage Spaces2

Land Information

APNR-061-4000-2240
SubdivisionParamount Addn # 3
Land UseResidential
Legal DescriptionPARAMOUNT ADDN # 3, BLK 0007, S 11FT OF 8 & ALL OF 9
Census Tract020400
Assessed Land Value$14,245
Assessed Improvement Value$227,602
Assessment Year2025

About this property

Welcome to 3616 S. Lamar in the desirable Wolflin neighborhood of Amarillo! This cozy 3-bedroom, 2-bath home offers the perfect blend of character, comfort, and functionality. Inside, you'll find two spacious living areas, a warm wood-burning fireplace, beautiful original hardwood floors, and a thoughtfully designed floor plan that's ideal for both everyday living and entertaining. Step outside to enjoy the large, fenced backyard, complete with a charming she shed equipped with electricity--perfect for a workshop, hobby space, home office, or extra storage. With its timeless charm, versatile living spaces, and inviting outdoor area, this home is one you won't want to miss. Schedule your showing today and see all that 3616 S. Lamar has to offer!

Investor Tools

$52,741Estimated Mortgage Balance
$208,259Estimated Equity
79% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,566 /month
Positive
Cash Flow Estimate:
$522 /month

Interested in this property?

Bobby Tyler

Keller Williams Realty Amarillo

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$384/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,298
$241,847
2025
$14,245
$227,602
$241,847
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,298
$241,847

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Citimortgage Inc
Credit Line (Revolving) / Heloc
$100,000
No
First
Jan 25, 2008
Feb 2038

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$52,741
$208,259
79%
20%
$600/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,430/mo
$600/mo
+$830/mo
6.6%

Learn About the Market: Opportunity in Texas

Local Market Pages
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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: Amarillo

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3616 S Lamar St | Property Details | No Agent List