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$200,000

5019 40th St, Lubbock, TX, 79414

On MarketInfo
Just AddedInfo
Beds3 Beds
Baths2 Bath
Baths1,734 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$115.34 / sqft
Year BuiltBuilt in 1955

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Free-Standing Gas Range, Microwave, Washer/Dryer Stacked
FlooringCarpet, Ceramic Tile, Wood

Exterior

Exterior FeaturesStorage
Lot Size8,613 sqft

Building Information

Year Built1955
Roof Type112
Garage Spaces2

Land Information

APNR50765
Lot Number90
SubdivisionEvans
Land UseResidential
Legal DescriptionEVANS BLK 3 L 10
Census Tract001805
Assessed Land Value$22,000
Assessed Improvement Value$168,677
Assessment Year2025

About this property

Amazing 1955 Gem — Timeless Charm & Nostalgia Step back in time and fall in love with the charm of this beautifully maintained 3-bedroom, 2-bath home, built in 1955. This nostalgic gem offers plenty of character along with comfortable spaces for everyday living and entertaining. The home is carpeted throughout, with beautiful original wood floors underneath just waiting to be uncovered and restored to their former beauty. Two spacious family rooms provide plenty of room for gatherings, relaxing, or creating a space that fits your lifestyle. The kitchen features a stainless-steel gas range and microwave, both of which convey with the home. Conveniently located just off the kitchen, the laundry room includes a stackable washer and dryer, which also convey. Enjoy your morning coffee and beautiful sunrises in the enclosed patio, or unwind there on cool evenings. Outside, you'll find two storage sheds, a greenhouse, and a two-car garage complete with a workbench—perfect for hobbies, projects, or extra workspace. If you're looking for a home with character, charm, and a little piece of the past, this 1955 treasure is ready for you to make it your own and enjoy for years to come!

Investor Tools

$0Estimated Mortgage Balance
$176,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,200 /month
Positive
Cash Flow Estimate:
$400 /month

Interested in this property?

Melinda Whitfill

Exit Realty of Lubbock

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$115/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$500
$167,916
2025
$22,000
$168,677
$190,677
No

Tax History

Year
Tax Paid
Assessed Value
2025
$500
$167,916

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$176,000
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
9.7%

City: Lubbock