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$426,000

NAL Estimated Property Value

501 Owen St, Lubbock, TX, 79403

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,831 Sq Ft
Unimproved LandUnimproved Land
price_per_sqft$148.36 / sqft
Year BuiltBuilt in 2017

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling

Exterior

Lot Size19,385 sqft

Building Information

Year Built2017
Roof Type105
Garage Spaces708

Land Information

APNR28173
Lot Number110
SubdivisionLucille
Land UseResidential
Legal DescriptionLUCILLE L 9
Census Tract000100
Assessed Land Value$29,000
Assessed Improvement Value$347,486
Assessment Year2025

About this property

Vacant residential lot. Close to Lubbock Country Club. Quiet and secluded residential subdivision.Deed restristions: No commercial or business structure;Residence shall face the street upon which the front of the lot or building site abutts.Building must be single detached family dwelling 1500 plus sq. ft.exclusive of the garage. No existing house new or used shall be moved on to any part of the addition. No trailer, tent or shack nor truck larger than one half ton pickup.

Investor Tools

Property Icon
$426,000
Estimated Property Value
$237,889Estimated Mortgage Balance
$188,111Estimated Equity
44% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,556 /month
Positive
Cash Flow Estimate:
$852 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$636/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
N/A
$376,486
2025
$29,000
$347,486
$376,486
No

Tax History

Year
Tax Paid
Assessed Value
2024
N/A
$376,486

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Amerisave Mortgage Corp
Va
$268,311
Yes
First
Jul 27, 2020
Aug 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$237,889
$188,111
44%
56%
$1,609/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,672/mo
$1,609/mo
+$63/mo
4.7%

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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501 Owen St | Property Details | No Agent List