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$387,466

NAL Estimated Property Value

4421 Ridgely Ave, Lubbock, TX, 79407

$451,906 ARVInfo
Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,335 Sq Ft
price_per_sqft$170.88 / sqft
Year BuiltBuilt in 2024

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesRange, Cooktop, Disposal, Dishwasher, Free-Standing Range, Microwave
FlooringCarpet

Exterior

Lot Size6,900 sqft

Building Information

Year Built2023
Roof Type105
Garage Spaces2

Land Information

APNR351100
SubdivisionFrenship Estates
Land UseSingle Family Residential
Legal DescriptionFRENSHIP ESTATES L 76
Census Tract010419
Assessed Land Value$55,000
Assessed Improvement Value$332,466
Assessment Year2025

About this property

Located in Lubbock's newest neighborhood, Frenship Estates, this home feeds to the NEW Frenship Memorial High School. This energy efficient home is equipped with a high efficiency HVAC system, Pella windows, upgraded siding, and is fully spray foamed (attic, walls, AND garage!) Garage is oversized to park your pickup! Adorned with solid wood cabinets, abundant storage, and tons of natural light, this home is not only beautiful, but practical as well. Host family gatherings in the open concept living, dining, kitchen area! Professional Thor appliances with dual-fuel gas range. Larger bedrooms. Cozy up by the stone fireplace or relax in the comfort of your primary ensuite that houses an extra-large soaking tub. The slider opens to two large covered back patio spaces, perfect for enjoying your morning coffee. Yard is equipped with sprinkler system and 7ft cedar fence. No expense was spared in the quality and craftsmanship of this home.

Investor Tools

Property Icon
$387,466
Estimated Property Value
$364,815Estimated Mortgage Balance
$22,651Estimated Equity
5% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$451,905
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,394 /month
Positive
Cash Flow Estimate:
$798 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$422/month
$200/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,131
$387,466
2025
$55,000
$332,466
$387,466
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,131
$387,466

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Texas Tech Fcu
Conventional
$376,000
No
First
Sep 24, 2024
Oct 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$364,815
$22,651
5%
94%
$2,255/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,672/mo
$2,455/mo
$-783/mo
5.2%

City: Lubbock

4421 Ridgely Ave | Property Details | No Agent List