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$234,500

506 N Granby Avenue, Lubbock, TX, 79416

On MarketInfo
Just AddedInfo
Beds3 Beds
Baths2 Bath
Baths1,626 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$144.22 / sqft
Year BuiltBuilt in 1981

Property Lead Type:

High Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Cooktop, Electric Range, Stainless Steel Appliance(s)
FlooringCarpet, Ceramic Tile, Vinyl

Exterior

Exterior FeaturesPrivate Yard, Rain Gutters
Lot Size8,220 sqft

Building Information

Year Built1981
Garage Spaces2

Land Information

APNR101597
Lot Number1580
SubdivisionShadow Hills
Land UseResidential
Legal DescriptionSHADOW HILLS L 158
Census Tract010417
Assessed Land Value$12,330
Assessed Improvement Value$173,685
Assessment Year2025

About this property

Welcome home! Step inside this beautifully maintained home in a charming neighborhood, just around the corner from the Shadow Hills Golf Club. It features an open-concept layout, a spacious living area with a cozy fireplace, and an updated kitchen with butcher block countertops, open shelving, and stainless steel appliances with ample prep space, creating the perfect setting for everyday living and entertaining. The spacious primary suite offers a relaxing retreat with room for oversized furniture, a ensuite bath, and a versatile adjoining space ideal for a reading nook, home office, nursery, or private sitting area. The secondary bedrooms each have their own walk-in closets for additional storage. Situated on a large lot with mature trees and excellent curb appeal, this move-in-ready property offers the perfect blend of comfort, style, and functionality. A must-see!

Investor Tools

$174,970Estimated Mortgage Balance
$32,030Estimated Equity
15% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,407 /month
Positive
Cash Flow Estimate:
$469 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$365/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,351
$186,015
2025
$12,330
$173,685
$186,015
No

Tax History

Year
Tax Paid
Assessed Value
2025
$3,351
$186,015

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Alliance Cu
Conventional
$177,300
No
First
Sep 15, 2025
Oct 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$174,970
$32,030
15%
85%
$1,064/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,640/mo
$1,064/mo
+$576/mo
9.5%

City: Lubbock

506 N Granby Avenue | Property Details | No Agent List