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$341,626

NAL Estimated Property Value

3641 Ridgely, Lubbock, TX, 79407

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,651 Sq Ft
price_per_sqft$131.65 / sqft
Year BuiltBuilt in 2015

Property Lead Type:

Absentee Owner

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Cooktop, Electric Range, Microwave
FlooringCarpet, Ceramic Tile, Vinyl

Exterior

Exterior FeaturesPlayground
Lot Size13,918 sqft

Building Information

Year Built2015
Roof Type105
Garage Spaces2

Land Information

APNR324568
Lot Number3070
SubdivisionMilwaukee Ridge
Land UseResidential
Legal DescriptionMILWAUKEE RIDGE L 307
Census Tract010419
Assessed Land Value$41,754
Assessed Improvement Value$299,872
Assessment Year2025

About this property

The only 4-bedroom, 3-bath home available on the market right now! Recently updated with fresh paint and new carpet in the bedrooms, this gorgeous property feels like a brand-new home. Located in the highly sought-after Frenship ISD, this home boasts an open-concept kitchen with granite countertops, a walk-in pantry, and plenty of cabinet space. The living room is wide open with natural lighting, and there's even a bonus room that could serve as an office or a potential fifth bedroom. The large, isolated master bedroom features a stunning master bath and two spacious walk-in closets. Outside, you'll find a huge manicured backyard with an awesome cedar playset, a sprinkler system, and plenty of space to enjoy. Situated in Milwaukee Ridge, you'll also have access to amenities like a private park, pool, basketball courts, and a pavilion. Don't miss this exceptional opportunity!

Investor Tools

Property Icon
$341,626
Estimated Property Value
$278,492Estimated Mortgage Balance
$63,134Estimated Equity
18% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,094 /month
Positive
Cash Flow Estimate:
$698 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$636/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,920
$341,626
2025
$41,754
$299,872
$341,626
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,920
$341,626

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Amarillo National Bank
Conventional
$282,625
No
First
Jul 3, 2025
Jul 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$278,492
$63,134
18%
82%
$1,695/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,672/mo
$1,695/mo
$-23/mo
5.9%

City: Lubbock

3641 Ridgely | Property Details | No Agent List