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$264,000

NAL Estimated Property Value

3634 Ridgely, Lubbock, TX, 79407

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,762 Sq Ft
price_per_sqft$153.23 / sqft
Year BuiltBuilt in 2015

Property Lead Type:

Absentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Microwave
FlooringTile, Vinyl

Exterior

Exterior FeaturesPrivate Yard
Lot Size5,977 sqft

Building Information

Year Built2015
Roof Type105
Garage Spaces2

Land Information

APNR324531
Lot Number2700
SubdivisionMilwaukee Ridge
Land UseResidential
Legal DescriptionMILWAUKEE RIDGE L 270
Census Tract010419
Assessed Land Value$17,931
Assessed Improvement Value$226,778
Assessment Year2025

About this property

Stunning three-bedroom, two-bathroom residence located in Milwaukee Ridge. This home has amazing updates, fresh neutral paint, hard flooring throughout, low maintenance yard and so much more! This home is located in the award winning Frenship ISD! The seamlessly integrated open concept of the living, kitchen, and dining areas renders this home ideal for hosting gatherings. Abundant natural light and high ceilings enhance the ambiance of the living space. The roof was replaced in 2024, the hot water heater and AC replaced in 2023! The front yard features xeriscaping, while the backyard boasts lush grass and a sprinkler system, complemented by a covered patio. This space is perfectly move in ready! Homeowners Association (HOA) amenities encompass a pool, playground, sand volleyball, tennis, and basketball courts, providing a perfect recreational setting for families and individuals during the summer months. Make this your home sweet home!

Investor Tools

Property Icon
$264,000
Estimated Property Value
$240,600Estimated Mortgage Balance
$23,400Estimated Equity
8% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,620 /month
Positive
Cash Flow Estimate:
$540 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$533/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,070
$244,709
2025
$17,931
$226,778
$244,709
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,070
$244,709

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Pennymac Loan Services Llc
Fha
$250,381
Yes
First
Mar 14, 2024
Apr 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$240,600
$23,400
8%
91%
$1,502/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,425/mo
$1,502/mo
$-77/mo
6.5%

City: Lubbock

3634 Ridgely | Property Details | No Agent List