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$699,000

408 Troy Avenue, Lubbock, TX, 79416

On MarketInfo
Just AddedInfo
Beds3 Beds
Baths4 Bath
Baths3,696 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$189.12 / sqft
Year BuiltBuilt in 1997

Property Lead Type:

Off-Market ListHigh 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 welcomes you inside~ Two living areas flow together for an open and cohesive design~ Custom window treatments, 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 fabulous pantry~ 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~ Special features throughout...EV charger in garage, water softener, steel framing~ Where Comfort meets Luxury...Welcome HOME!

Investor Tools

Property Icon
$557,000
Estimated Property Value
$0Estimated Mortgage Balance
$350,757Estimated Equity
100% 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

Interested in this property?

Joy Daniel

WestMark Companies

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$807/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%
37%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,920/mo
$1,100/mo
+$820/mo
4.1%

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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