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$200,000

NAL Estimated Property Value

403 Terrace Cir, Lamesa, TX, 79331

$207,034 ARVInfo
Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths2,008 Sq Ft
price_per_sqft$66.73 / sqft
Year BuiltBuilt in 1951

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2

Exterior

Lot Size6,621 sqft

Building Information

Year Built1951

Land Information

APN4889
Lot Number9,10
Land UseResidential
Legal DescriptionLOT 10 & PT OF LOT 9 BLK 8 PARK TERRACE (403 TERRACE CIRCLE)
Census Tract950500
Assessed Land Value$3,620
Assessed Improvement Value$117,930
Assessment Year2025

About this property

Welcome to a Pinterest Board come to life on this perfect street in Lamesa. You'll be welcomed by a formal room with sophisticated charm. The home has been lovingly renovated with vinyl plank flooring, new carpet in all bedrooms and modern paint choices. A recent hot water heater and roof installed in 2018 roof will give confidence to even the pickiest buyers. With a recently remodeled bathroom and an inviting family room with a whitewashed fireplace, you'll find plenty of space to relax indoors. Step into the large backyard to enjoy a perfect space for entertaining family and friends. Bring us an offer!

Investor Tools

Property Icon
$200,000
Estimated Property Value
$0Estimated Mortgage Balance
$200,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$207,033
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,200 /month
Positive
Cash Flow Estimate:
$400 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$270/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,240
$121,550
2025
$3,620
$117,930
$121,550
No

Tax History

Year
Tax Paid
Assessed Value
2022
$2,240
$121,550

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$200,000
100%
0%
$0/mo

Learn About the Market: Opportunity in Texas

Local Market Pages
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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.

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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: Lamesa

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403 Terrace Cir | Property Details | No Agent List