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$1,099,000

3940 148th St, Lubbock, TX, 79423

$1,190,703 ARVInfo
On MarketInfo
Beds4 Beds
Baths4 Bath
Baths3,718 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$295.59 / sqft
Year BuiltBuilt in 2023

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesCommercial Oven, Cooktop, Dishwasher, Disposal, Double Oven, Exhaust Fan, Free-Standing Range, Gas Cooktop, Gas Oven, Gas Range, Microwave, Oven, Range, Range Hood, Refrigerator
FlooringCeramic Tile, Luxury Vinyl

Exterior

Private PoolPrivate Pool
Exterior FeaturesAwning(s), Barbecue, Courtyard, Dog Run, Outdoor Grill, Outdoor Kitchen, Private Yard, Rain Gutters
Lot Size11,514 sqft

Building Information

Year Built2023
Roof Type105
Garage Spaces3

Land Information

APNR345195
Lot Number490
SubdivisionSedona
Land UseResidential
Legal DescriptionSEDONA L 49
Census Tract010512
Assessed Land Value$125,000
Assessed Improvement Value$1,051,693
Assessment Year2025

About this property

Located in prestigious Sedona, this incredible custom-built home offers a thoughtfully designed floor plan tailored for modern living. With 4 spacious bedrooms, 3.5 baths, a dedicated office, and a 3-car garage, every detail combines functionality with luxury. Expansive windows fill the home with natural light, while automatic window coverings add both comfort and convenience. The stunning chef's kitchen features two large islands, high-end appliances, and an open-concept design that flows seamlessly into the living area — perfect for entertaining and everyday living. The primary suite feels like a private spa retreat, complete with a massive walk-in shower, soaking tub, and upscale wood and tile finishes throughout. Step outside into an entertainer's paradise featuring a wraparound porch overlooking the sparkling pool and hot tub, along with a fully equipped outdoor kitchen and bar. The turfed front & backyard provides low-maintenance living, giving you more time to relax and enjoy the pool lifestyle.

Investor Tools

$88,818Estimated Mortgage Balance
$1,087,875Estimated Equity
92% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$1,190,703
Rent-to-Value Ratio: 0.72%
Rent Estimate
$7,060 /month
Positive
Cash Flow Estimate:
$2,353 /month

Interested in this property?

Nathan Jordan

Nathan Jordan Real Estate

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$2,524/month
$1,000/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$24,411
$1,176,693
2025
$125,000
$1,051,693
$1,176,693
No

Tax History

Year
Tax Paid
Assessed Value
2024
$24,411
$1,176,693

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Plainscapital Bank
Investor Non-Conforming Loan
$90,000
No
First
Aug 1, 2025
Aug 2026

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$88,818
$1,087,875
92%
8%
$540/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,820/mo
$1,540/mo
+$280/mo
1.9%

City: Lubbock

3940 148th St | Property Details | No Agent List