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$419,764

NAL Estimated Property Value

4006 County Road 1200, Lubbock, TX, 79407

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths2,606 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$147.74 / sqft
Year BuiltBuilt in 2018

Property Lead Type:

Off-Market ListAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesInstant Hot Water

Exterior

Exterior FeaturesOutdoor Kitchen
Lot Size5.18 acres

Building Information

Year Built2018
Roof Type105
Garage Spaces2

Land Information

APNR156102
Lot Number20110
Land UseResidential
Legal DescriptionBLK D6 SEC 15 AB 289 TR B11 OF NE/4 AC: 5.183
Census Tract010418
Assessed Land Value$72,562
Assessed Improvement Value$347,202
Assessment Year2025

About this property

Amazing ranch-style house on FIVE acres in Frenship ISD! This three bedroom, two bathroom, two car garage has over 2,600 square feet including the large bonus room. This 2018 build features no carpet, large rooms, a jack-n-jill bathroom, isolated main suite, and wet bar for entertaining. Modern colors adorn the entire house and is move-in ready. Enjoy the sunrises and sunsets on the massive east and west porches. The backyard is fenced with hookups for a hot tub and pool or pergola. Private well and septic keep the costs down on the house and provide water to both yards and garden area. The large bonus room is perfect for entertaining or for an office/theatre. The oversized garage can accommodate a 3/4 ton pickup truck as well. The five acres are primed to build an additional shop or any agricultural need for the next owner. Foam insulation throughout! With lower cost of utilities and no city taxes this could be your move out of town while still a short drive away. Come see today!

Investor Tools

Property Icon
$419,764
Estimated Property Value
$347,158Estimated Mortgage Balance
$72,606Estimated Equity
17% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,519 /month
Positive
Cash Flow Estimate:
$840 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$656/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,770
$419,764
2025
$72,562
$347,202
$419,764
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,770
$419,764

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
City First Mortgage Services Llc
Conventional
$375,250
No
First
May 2, 2022
Jun 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$347,158
$72,606
17%
83%
$2,250/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,425/mo
$2,250/mo
$-825/mo
4.1%

City: Lubbock

4006 County Road 1200 | Property Details | No Agent List