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$159,000

4610 55th Drive #A, Lubbock, TX, 79414

Off MarketInfo
Beds2 Beds
Baths3 Bath
Baths1,702 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$105.76 / sqft
Year BuiltBuilt in 1978

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
AppliancesDisposal, Dishwasher, Water Purifier, Electric Water Heater
FlooringCarpet, Tile, Vinyl

Exterior

Exterior FeaturesAwning(s), Balcony, Courtyard, Private Entrance, Private Yard, Rain Gutters
Lot Size3,411 sqft

Building Information

Year Built1978
Garage Spaces2

Land Information

APNR89407
Lot Number80
SubdivisionSundowner
Land UseResidential
Legal DescriptionSUNDOWNER UNIT 8-C OF E-10 OF L 8-13 SUNPORT CONDOS
Census Tract001807
Assessed Land Value$20,500
Assessed Improvement Value$91,479
Assessment Year2025

About this property

Beautiful condo looking for it's new Texas Tech student. Just a short 8 minute drive to campus. Why pay rent when you can own your own luxury condo. Motivated Seller! Will consider all offers! Don't miss out on this one. 4610A 55th Dr. a truly exceptional 2-bedroom, 2.5-bath, 2-car rear entry garage condo offering luxury, convenience, & modern amenities. This beautiful condo is freshly painted with new carpet, this home is prewired for fiber internet and security cameras. The spacious living area flows into an updated kitchen with granite countertops. Enjoy the private office, perfect for remote professionals. Venture downstairs to discover the highlight of this condo - a fully finished basement theater, perfect for movie nights or game days. The side yard offers a covered pergola with a ceiling fan, an irrigated raised flowerbed, and in-ground sprinklers - ideal for relaxing or entertaining. Located across from a beautiful playa lake and park, you'll love the views and access to outdoor activities. Don't miss out on this stunning, move-in-ready gem located minutes away from anywhere in Lubbock

Investor Tools

Property Icon
$159,000
Estimated Property Value
$0Estimated Mortgage Balance
$71,624Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,080 /month
Positive
Cash Flow Estimate:
$360 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$156/month
$175/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,079
$111,979
2025
$20,500
$91,479
$111,979
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,079
$111,979

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Happy State Bank
Commercial
$100,000
No
First
Dec 31, 2019
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$87,376
$71,624
45%
55%
$600/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,017/mo
$775/mo
+$242/mo
7.7%

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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4610 55th Drive #A | Property Details | No Agent List