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$217,000

NAL Estimated Property Value

506 N 21st Street, Lamesa, TX, 79331

SoldInfo
7/16/26
Beds3 Beds
Baths2 Bath
Baths1,632 Sq Ft
price_per_sqft$82.72 / sqft
Year BuiltBuilt in 1978

Property Lead Type:

High Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms 2Bathrooms 2
AppliancesCooktop, Microwave, Range
FlooringLuxury Vinyl

Exterior

Exterior FeaturesPrivate Yard, Storage
Lot Size9,017 sqft

Building Information

Garage Spaces2

Land Information

APN3714
Lot Number9
Land UseResidential
Legal DescriptionLOT 9 BLK 12 MAIN ST ADDN (506 N 21ST)
Census Tract950401
Assessed Land Value$4,840
Assessed Improvement Value$62,450
Assessment Year2025

About this property

Great home situated on a spacious corner lot featuring 3 bedrooms, 2 bathrooms, and a 2-car garage! This well-maintained property offers two living areas, providing plenty of space for relaxing or entertaining. Recent updates include a new roof, brand new luxury vinyl flooring, and fresh paint throughout. The large kitchen offers ample space for cooking and gathering with family and friends. Step outside to enjoy the spacious backyard complete with a storage/workshop area in the back perfect for hobbies, extra storage, or projects. Call today to schedule your private tour!

Investor Tools

Property Icon
$217,000
Estimated Property Value
$42,218Estimated Mortgage Balance
$174,782Estimated Equity
80% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$161,308
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,302 /month
Positive
Cash Flow Estimate:
$434 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$194/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,240
$67,290
2025
$4,840
$62,450
$67,290
No

Tax History

Year
Tax Paid
Assessed Value
2025
$1,240
$67,290

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Usda
Usda
$62,200
Yes
First
Jun 6, 2012
Jun 2045

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$42,218
$174,782
80%
19%
$373/mo

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: Lamesa

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506 N 21st Street, Lamesa, TX 79331 | Property Details | No Agent List