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$425,000

4206 GEM LAKE Road, Amarillo, TX 79106-5352

On MarketInfo
Just AddedInfo
Beds3 Beds
Baths3 Bath
Baths3,163 Sq Ft
price_per_sqft$134.37 / sqft
Year BuiltBuilt in 1951

Property Lead Type:

High EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2.5Bathrooms Full 2.5
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
HeatingHeating
CoolingCooling
AppliancesDisposal, Refrigerator, Ice Maker, Dishwasher, Cooktop

Exterior

Exterior FeaturesBrick
Lot Size19,602 sqft

Building Information

Year Built1951
Stories1
Roof Type105
Garage Spaces2

Land Information

APNR-086-2000-0320
Lot Number16
SubdivisionWest Hills
Land UseResidential
Legal DescriptionWEST HILLS, LOT 016, BLK 0001
Census Tract013200
Assessed Land Value$18,000
Assessed Improvement Value$336,773
Assessment Year2025

About this property

Welcome to 4206 Gem Lake Road. From the moment you walk through the door, something shifts -- your shoulders drop, your pace slows, and you realize you're already home. With two inviting living areas, and spaces that naturally bring people together, it's easy to picture birthday celebrations, movie nights, holiday dinners, and quiet mornings before the rest of the house wakes up. The kitchen truly is the heart of the home. Two ovens make holidays and gatherings a little easier, the center island becomes the place where homework gets finished, and cookies get decorated, and the granite countertops invite everyone to pull up a chair and stay awhile. And then there's the backyard. The rich garden beds are waiting for someone who's dreamed of growing fresh tomatoes, clipping flowers for the kitchen table, or simply spending more time outdoors. The work has already begun for you. All that's left is to make it your own. Enjoy dinner on the covered deck overlooking the garden, sip your morning coffee beneath the trees, or end the evening gathered around the fire pit with the people you love. Let the mature trees create a canopy over you while relaxing in the backyard. Turn an ordinary afternoon into something that feels peaceful. Maybe it's gathering around the fire pit on cool evenings while stories are shared under the string lights and no one is in a hurry to go inside. Whatever it is, you feel it the moment you step into the backyard. When the day finally winds down, the primary suite becomes your retreat. Slip into the soaking tub with a good book, enjoy the beautifully renovated bath, and let the stress of the day melt away. With two walk-in closets, there's room for both comfort and practicality. Practical updates bring peace of mind, including New Roof and new HVAC system installed in 2024, spray foam insulation, updated windows, and a detached two-car garage. Located across from Amarillo Country Club in the established West Hills neighborhood, with great shopping and dinning. This home offers both convenience and a true sense of belonging. This is home.

Investor Tools

$287,153Estimated Mortgage Balance
$165,847Estimated Equity
36% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,718 /month
Positive
Cash Flow Estimate:
$906 /month

Interested in this property?

Kimberly Crockett

Keller Williams Realty Amarillo

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$768/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,950
$354,773
2025
$18,000
$336,773
$354,773
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,950
$354,773

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Associated Mortgage Corp
Conventional
$265,905
No
First
May 24, 2020
Jun 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$287,153
$165,847
36%
63%
$1,925/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,322/mo
$1,925/mo
$-603/mo
3.5%

City: Amarillo

4206 GEM LAKE Road, Amarillo, TX 79106-5352 | Property Details | No Agent List