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Days27Days on Market
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$684,900

3807 123rd Street, Lubbock, TX, 79423

On MarketInfo
Beds4 Beds
Baths4 Bath
Baths3,000 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$228.3 / sqft
Year BuiltBuilt in 2026

Property Lead Type:

BankruptcyAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 4Bathrooms Full 4
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesBuilt-In Refrigerator, Dishwasher, Disposal, Double Oven, Exhaust Fan, Free-Standing Gas Range, Freezer, Gas Oven, Microwave, Oven, Range, Range Hood, Refrigerator, Stainless Steel Appliance(s)
FlooringLuxury Vinyl

Exterior

Exterior FeaturesLighting, Private Entrance, Private Yard
Lot Size9,552 sqft

Building Information

Year Built2014
Roof Type105
Garage Spaces3

Land Information

APNR324829
Lot Number680
SubdivisionKelsey Park
Land UseResidential
Legal DescriptionKELSEY PARK L 68
Census Tract010512
Assessed Land Value$42,029
Assessed Improvement Value$296,328
Assessment Year2025

About this property

$12,000 LIMITED-TIME BUYER INCENTIVE! Qualified buyers may receive up to $12,000 in combined savings on Ventura Homes, including up to $7,500 in builder concessions plus up to $4,500 in lender credit when financing with Revolution Mortgage. Contact the listing agent for more details. Offer available until September 1.* The Calabasas by Ventura Homes offers a thoughtful blend of spacious design, timeless style, and exceptional craftsmanship in the desirable Brooke Heights community. This beautifully designed 4-bedroom, 3.5-bath residence features a 3-car garage and a flowing open-concept layout created to support both everyday living and effortless entertaining. Expansive living spaces provide room to gather, relax, and connect, while the home's thoughtful design ensures each area feels both functional and inviting. At the heart of the home, the open living areas create a natural sense of connection, making it easy to host family and friends or enjoy the comfort of a quiet evening at home. Generous room sizes and well-planned spaces provide the flexibility today's homeowners are looking for, delivering a home that feels both refined and welcoming. Located in Brooke Heights, residents enjoy a growing community atmosphere with convenient access to shopping, dining, schools, and many of South Lubbock's most desirable amenities. The neighborhood's ideal location offers the perfect balance of accessibility and everyday convenience. Known for distinctive architecture, innovative floorplans, and enduring quality, Ventura Homes continues to set itself apart as one of West Texas' premier builders. The Calabasas reflects that commitment, offering a home thoughtfully designed to enhance everyday life while delivering the craftsmanship and attention to detail that define the Ventura Homes experience.

Investor Tools

$234,908Estimated Mortgage Balance
$103,449Estimated Equity
30% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,109 /month
Positive
Cash Flow Estimate:
$1,370 /month

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Amy Wimmers

Realty Refined

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$724/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,001
$338,357
2025
$42,029
$296,328
$338,357
No

Tax History

Year
Tax Paid
Assessed Value
2025
$7,001
$338,357

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Kelsey Place Llc
Commercial
$270,000
No
First
Jan 23, 2020
Feb 2030

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$234,908
$103,449
30%
69%
$1,619/mo

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.

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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