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$420,000

4603 23rd St, Lubbock, TX, 79407

On MarketInfo
Just AddedInfo
Beds3 Beds
Baths3 Bath
Baths2,325 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$180.65 / sqft
Year BuiltBuilt in 1963

Property Lead Type:

BankruptcyMust-SellAbsentee OwnerHigh EquityCash BuyersMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesCooktop, Dishwasher, Disposal, Electric Cooktop, Electric Oven, Exhaust Fan, Microwave, Oven, Stainless Steel Appliance(s)
FlooringPlank, Vinyl

Exterior

Exterior FeaturesNone
Lot Size16,745 sqft

Building Information

Year Built1963
Roof Type105
Garage Spaces2

Land Information

APNR125492
Lot Number230
SubdivisionTanglewood
Land UseResidential
Legal DescriptionTANGLEWOOD L 23A
Census Tract001601
Assessed Land Value$100,000
Assessed Improvement Value$177,038
Assessment Year2025

About this property

Nestled in the highly sought-after Tanglewood neighborhood, this beautifully updated 3-bedroom, 3.5-bath home offers 2,325 square feet of thoughtfully designed living space on an impressive ½-acre lot—a rare find in central Lubbock. Inside, you'll find three spacious living areas that provide exceptional flexibility for entertaining, relaxing, or creating a home office or game room. The updated kitchen features modern finishes and flows seamlessly into the living spaces, while the beautifully renovated bathrooms add style and comfort throughout the home. What truly sets this property apart is the extensive investment in major improvements. In addition to a new roof, the home has been updated with all new plumbing, including new water and sewer lines, with all sewer lines beneath the home replaced. You'll also enjoy the convenience of a new hot water heater with an on-demand hot water recirculation system, along with a new air conditioning condenser and evaporator coil, providing added efficiency and peace of mind for years to come. Step outside to enjoy the expansive backyard, where the oversized ½-acre lot offers endless possibilities for outdoor entertaining, gardening, a future pool, or simply enjoying the privacy and space that's increasingly difficult to find in an established neighborhood. Conveniently located near Texas Tech University, UMC, Covenant Medical Center, shopping, dining, and parks, this move-in-ready home combines timeless charm, quality updates, and an exceptional location. Homes offering this level of renovation, three living areas, and a half-acre lot in Tanglewood rarely come available. Don't miss the opportunity to make this exceptional property your next home.

Investor Tools

$0Estimated Mortgage Balance
$277,038Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,520 /month
Positive
Cash Flow Estimate:
$840 /month

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Renee Castro

Coldwell Banker Trusted Adviso

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$524/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,902
$277,038
2025
$100,000
$177,038
$277,038
No

Tax History

Year
Tax Paid
Assessed Value
2025
$4,902
$277,038

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$277,038
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,425/mo
N/A
+$1,425/mo
6.2%

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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4603 23rd St | Property Details | No Agent List