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$240,000

507 N Kline Avenue, Lubbock, TX, 79416

On MarketInfo
Beds4 Beds
Baths2 Bath
Baths2,134 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$112.46 / sqft
Year BuiltBuilt in 2004

Property Lead Type:

Absentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Microwave
FlooringCarpet, Ceramic Tile, Plank

Exterior

Exterior FeaturesStorage
Lot Size7,789 sqft

Building Information

Year Built2004
Roof Type105
Garage Spaces2

Land Information

APNR301884
Lot Number5200
SubdivisionShadow Hills
Land UseResidential
Legal DescriptionSHADOW HILLS L 520
Census Tract010417
Assessed Land Value$11,684
Assessed Improvement Value$217,002
Assessment Year2025

About this property

Welcome to 507 N Kline Ave, located in the desirable Shadow Hills neighborhood and tucked away in a cul-de-sac. Located in the highly sought-after Frenship ISD, this well-maintained 4-bedroom, 2-bathroom home offers an inviting open-concept layout with high ceilings that create a spacious feel throughout the main living areas. The living room features a wood-burning fireplace, perfect for relaxing evenings, while the seamless flow into the dining and kitchen spaces makes it ideal for both everyday living and entertaining. Even better, the seller is offering the buyer an allowance for a stove and dishwasher, giving you the opportunity to add your own personal touch to the kitchen! This all-electric home is serviced by SPEC, offering efficiency and convenience. You'll enjoy the large, isolated primary suite, providing privacy from the rest of the home. Recent updates include fresh interior paint and newer vinyl plank flooring, giving the home a move-in ready feel. Don't miss out on this one—Let's Go See It!!

Investor Tools

$36,915,670Estimated Mortgage Balance
$272,000Estimated Equity
0% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,632 /month
Positive
Cash Flow Estimate:
$544 /month

Interested in this property?

Travis Torres

Coldwell Banker Trusted Adviso

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$506/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,708
$228,686
2025
$11,684
$217,002
$228,686
No

Tax History

Year
Tax Paid
Assessed Value
2025
$4,708
$228,686

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Berkadia Commercial Mortgage Llc
Commercial
$41,218,000
No
First
Dec 31, 2020
Jan 2031

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$36,915,670
N/A
0%
13572%
$247,123/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,920/mo
$247,123/mo
$-245,203/mo
8.5%

City: Lubbock

507 N Kline Avenue | Property Details | No Agent List