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$1,099,000

3940 148th St, Lubbock, TX, 79423

$1,200,650 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:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

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

Exterior

Private PoolPrivate Pool
Exterior FeaturesBarbecue, Awning(s), Courtyard, Dog Run, Outdoor Grill, Outdoor Kitchen, Private Yard, Rain Gutters, Storage
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)
$1,200,649
Rent-to-Value Ratio: 0.72%
Rent Estimate
$7,060 /month
Positive
Cash Flow Estimate:
$2,353 /month

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Nathan Jordan

Nathan Jordan Real Estate

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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%

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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3940 148th St | Property Details | No Agent List