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$241,000

3620 Ridgely, Lubbock, TX, 79407

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,686 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$145.31 / sqft
Year BuiltBuilt in 2015

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Dishwasher, Water Softener, Water Softener Owned
FlooringCarpet, Tile

Exterior

Private PoolPrivate Pool
Lot Size7,324 sqft

Building Information

Year Built2014
Roof Type105
Garage Spaces2

Land Information

APNR324538
Lot Number2770
SubdivisionMilwaukee Ridge
Land UseResidential
Legal DescriptionMILWAUKEE RIDGE L 277
Census Tract010419
Assessed Land Value$21,972
Assessed Improvement Value$215,539
Assessment Year2025

About this property

Escape to an oasis in Milwaukee Ridge! This well cared for 3 bedroom, 2 bathroom home in Frenship ISD will be the perfect location for your next home. Built in 2015, this home boasts beautiful landscaping, flagstone pathways, mature trees and garden beds, an awesome above ground water feature/pool on a larger lot than most in this area. You almost won't want to come inside after spending a few hours enjoying the large back porch, pergola and fire pit! The safe room/storm shelter in the garage is a huge bonus, and can be relocated for a small fee to a different location if desired. The bedrooms are large and perfect for someone looking for space! The open-concept kitchen overlooking the spacious living room and beautiful brick fireplace is truly ideal. Not to mention quick access to the Milwuakee Ridge neighborhood pool, playgrounds, and tennis courts. Don't miss your chance to make this amazing place your home! Back on the market after buyer financing fell through.

Investor Tools

Property Icon
$241,000
Estimated Property Value
$240,000Estimated Mortgage Balance
$9,625Estimated Equity
0% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,470 /month
Positive
Cash Flow Estimate:
$490 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$414/month
$336/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,764
$237,511
2025
$21,972
$215,539
$237,511
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,764
$237,511

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Alliance Cu
Commercial
$240,000
No
First
May 30, 2024
Jun 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$231,375
$9,625
3%
96%
$1,439/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,425/mo
$1,775/mo
$-350/mo
7.1%

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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3620 Ridgely | Property Details | No Agent List