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$284,600

3627 56th Street, Lubbock, TX, 79413

On MarketInfo
Beds3 Beds
Baths3 Bath
Baths2,092 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$136.04 / sqft
Year BuiltBuilt in 1963

Property Lead Type:

Absentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2.5Bathrooms Full 2.5
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Free-Standing Gas Range
FlooringCarpet, Plank, Vinyl

Exterior

Exterior FeaturesPrivate Yard
Lot Size8,890 sqft

Building Information

Year Built1963
Roof Type105
Garage Spaces2

Land Information

APNR43797
Lot Number1410
SubdivisionSouthgate
Land UseResidential
Legal DescriptionSOUTHGATE L 141 & E2'OF 140
Census Tract001907
Assessed Land Value$15,400
Assessed Improvement Value$240,872
Assessment Year2025

About this property

Welcome Home to your recently remodeled 3 bedroom, 2.5 bathroom home located centrally in one of Lubbock's most popular neighborhoods. Featuring a total of 2,092 square feet of thoughtfully updated living space, this Melonie Park gem offers the perfect blend of established charm and modern comfort. The interior was extensively refreshed in 2020, featuring updated flooring, a full repaint, and new lighting throughout. In the heart of the home, the kitchen includes updated cabinetry, countertops, and a freestanding gas range. All bathrooms have been significantly enhanced with updated showers, sinks, plumbing, and fixtures, ensuring a cohesive and contemporary feel throughout the house. Outside, the property sits on a generous lot with a large yard and a massive covered patio—ideal for entertaining or enjoying quiet West Texas evenings. Practical features include a spacious 2-car garage and a location that is second to none. Situated within the highly sought-after Miller Elementary and Lubbock ISD boundaries, this home is perfect for families, while its proximity to Texas Tech University and quick access to Loop 289 makes it an ideal hub for professionals and students alike. Don't miss this opportunity to live in one of Lubbock's most convenient and beloved areas!

Investor Tools

$128,379Estimated Mortgage Balance
$163,621Estimated Equity
56% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,752 /month
Positive
Cash Flow Estimate:
$584 /month

Interested in this property?

Doug Duncan

Real Broker, LLC

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$509/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,654
$256,272
2025
$15,400
$240,872
$256,272
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,654
$256,272

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Lubbock National Bank
Commercial
$144,500
No
First
Aug 4, 2020
Aug 2025

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$128,379
$163,621
56%
44%
$867/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,670/mo
$867/mo
+$803/mo
6.9%

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: Lubbock

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3627 56th Street | Property Details | No Agent List