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$692,000

NAL Estimated Property Value

408 Troy Ave, Lubbock, TX, 79416

Recently SoldInfo
8/03/26
Beds3 Beds
Baths4 Bath
Baths3,696 Sq Ft
price_per_sqft$189.12 / sqft
Year BuiltBuilt in 1997

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 4Bathrooms Full 4
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Oven, Gas Cooktop, Microwave, Warming Drawer, Water Softener Owned
FlooringCarpet, Luxury Vinyl

Exterior

Exterior FeaturesLighting, Storage
Lot Size6,720 sqft

Building Information

Year Built1997
Roof Type105
Garage Spaces2

Land Information

APNR138458
Lot Number130
SubdivisionRenaissance Park
Land UseResidential
Legal DescriptionRENAISSANCE PARK L 13
Census Tract000403
Assessed Land Value$66,000
Assessed Improvement Value$383,548
Assessment Year2025

About this property

Timeless Elegance in Renaissance Park! With warm finishes and sophisticated details this garden home has been thoughtfully redesigned from top to bottom~ In collaboration with Capricho Interiors spaces have been carefully reimagined into a comfortable and timeless HOME! Perfectly positioned on a corner lot in a cul-de-sac in a much sought after location...near Texas Tech University and the Medical Communities~ Beautiful curb appeal welcomes you inside~ Two living areas flow together for an open and cohesive design~ Custom draperies and plantation shutters, luxury vinyl plank flooring, crown molding and 15' ceilings all flooded with natural light~ Gorgeous fireplace with gas logs~ The library has built-in cabinetry for two work zones, soapstone countertops and statement lighting~ The home chef will savor this KITCHEN...Thermador appliances including gas cooktop and warming drawer, quartz countertops with coordinating soapstone island, prep sink and TWO fabulous pantries~ Lovely dining area PLUS bar seating~ The PRIMARY suite delivers an unparalleled level of luxury and comfort...TWO luxury ensuite baths with marble countertops & walk-in closets with built-ins- Each bath has a shower with travertine & glass shower doors- One bath also features a spa-inspired soaking tub~ Second bedroom is isolated with ensuite bath~ Third bedroom shares a well-appointed hall bath~ Upstairs is the fourth bedroom...would also be an excellent media or game room~ A favorite space is the well-landscaped brick PATIO with 7'+ privacy wall~ Handy gardening shed~ Special features throughout...EV charger in garage, water softener, steel framing~ Where Comfort meets Luxury...Welcome HOME!

Investor Tools

Property Icon
$692,000
Estimated Property Value
$206,243Estimated Mortgage Balance
$487,058Estimated Equity
62% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,194 /month
Positive
Cash Flow Estimate:
$1,398 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$863/month
$1,100/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,893
$449,548
2025
$66,000
$383,548
$449,548
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,893
$449,548

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Primelending
Conventional
$280,000
No
First
Jul 14, 2014
Aug 2044

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$206,243
$350,757
62%
30%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,920/mo
$1,100/mo
+$820/mo
3.3%

City: Lubbock

408 Troy Ave | Property Details | No Agent List