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$886,000

5015 116th St, Lubbock, TX, 79424

Off MarketInfo
Beds4 Beds
Baths5 Bath
Baths3,675 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$243.54 / sqft
Year BuiltBuilt in 2021

Property Lead Type:

Absentee Owner

Highlights

Interior

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

Exterior

Private PoolPrivate Pool
Exterior FeaturesOther

Building Information

Year Built2021
Roof Type105
Garage Spaces3

Land Information

APNR332472
Lot Number2920
SubdivisionOakmont Estates
Land UseResidential
Legal DescriptionOAKMONT ESTATES L 292
Census Tract010512
Assessed Improvement Value$751,448
Assessment Year2025

About this property

This is the home everyone has been waiting for. A rare blend of modern luxury, thoughtful design, and resort-style living—every detail of this 4-bedroom residence is crafted to impress. Step inside to an inviting open layout anchored by a striking living room fireplace and sophisticated architectural lines. The flow of the home is seamless, warm, and intentionally designed for both everyday living and elevated entertaining. The chef's kitchen is a true showpiece, featuring custom cabinetry, statement lighting, perfectly appointed island, and premium finishes throughout—perfect for hosting, entertaining, and gathering in style. Each bedroom offers its own private en-suite bath, giving everyone their own retreat. The basement is ideal for movie nights, game days, or a cozy getaway—an amenity rarely found at this level. The backyard feels like your own private resort with a luxury pool, integrated hot tub, outdoor fireplace, and a dedicated half bath for poolside convenience. The covered patio is equipped with Beat-The-Heat retractable shades, creating comfort year-round. Don't forget the three car garage with extra storage and a convenient walk-in attic! From the modern exterior to the meticulously designed interior details, this home delivers unforgettable style, comfort, and function. Opportunities like this are rare—schedule your showing now!

Investor Tools

Property Icon
$886,000
Estimated Property Value
$708,000Estimated Mortgage Balance
$62,225Estimated Equity
20% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$5,370 /month
Positive
Cash Flow Estimate:
$1,790 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,503/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$13,600
$751,448
2025
N/A
$751,448
$751,448
No

Tax History

Year
Tax Paid
Assessed Value
2024
$13,600
$751,448

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Lubbock National Bank
Credit Line (Revolving) / Heloc
$120,000
No
First
Apr 1, 2025
Apr 2040

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$823,775
$62,225
7%
93%
$4,936/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,690/mo
$4,936/mo
$-3,246/mo
2.3%

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.

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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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5015 116th St | Property Details | No Agent List