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$260,805

NAL Estimated Property Value

5217 89th Street, Lubbock, TX, 79424

$303,424 ARVInfo
Recently SoldInfo
9/03/26
Beds3 Beds
Baths2 Bath
Baths2,209 Sq Ft
price_per_sqft$117.25 / sqft
Year BuiltBuilt in 1979

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, Microwave, Range, Refrigerator
FlooringCarpet, Ceramic Tile, Laminate, Terrazzo, Vinyl

Exterior

Exterior FeaturesPrivate Yard, Rain Gutters
Lot Size8,165 sqft

Building Information

Year Built1979
Garage Spaces2

Land Information

APNR46596
Lot Number2640
SubdivisionThe Meadows
Land UseResidential
Legal DescriptionTHE MEADOWS L 264
Census Tract010410
Assessed Land Value$21,300
Assessed Improvement Value$239,505
Assessment Year2025

About this property

Exclusive Listing Opportunity - Highly Sought-After Meadows Subdivision Positioned in the desirable Meadows Subdivision, this well-maintained residence offers an exceptional blend of comfort, function, and location. Built in 1979 and encompassing approximately 2,209 square feet, the home features 3 bedrooms, 2 full bathrooms, and a 2-car garage. Upon entry, the home welcomes you with Saltillo tile flooring that transitions seamlessly into thoughtfully selected finishes including vinyl, carpet, and tile throughout. The floor plan is designed for both everyday living and entertainment, offering multiple inviting living spaces and updated features throughout the home. The kitchen is well-appointed with updated appliances, a spacious breakfast bar, a dedicated breakfast eating area, and a large pantry providing excellent storage and convenience. The isolated primary bedroom offers privacy and comfort, complete with an en-suite bath designed for daily ease and functionality. A standout feature of the home is the sunroom, complete with windows, heating and cooling system tied to the main system, creating a versatile year-round living space ideal for relaxation, hobbies, or additional entertaining. Outdoor living is equally impressive. The property includes a covered deck attached to a full workshop equipped with electricity and AC, offering a highly functional space for projects, storage, or creative use. The workshop area flows into an ideal BBQ and gathering space, making it perfect for outdoor entertainment. Additionally, a second covered patio located on the east side of the home provides another peaceful sitting area or a dedicated "pitmaster's haven." Significant recent improvements include a new composition roof installed in March 2026, complete with a full warranty for added peace of mind. The location enhances the appeal even further—just down the street from Smith Elementary, Phil Hole Park, tennis courts, playgrounds, and a scenic fishing pond, offering convenient access to recreation and community amenities. This property combines thoughtful updates, flexible living spaces, and a prime location in one compelling opportunity.

Investor Tools

Property Icon
$260,805
Estimated Property Value
$87,264Estimated Mortgage Balance
$173,541Estimated Equity
66% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$303,423
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,565 /month
Positive
Cash Flow Estimate:
$522 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$226/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,412
$260,805
2025
$21,300
$239,505
$260,805
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,412
$260,805

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Cmg Mortgage Inc
Conventional
$116,300
No
First
Dec 15, 2014
Jan 2045

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$87,264
$173,541
66%
33%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,440/mo
N/A
+$1,440/mo
6.6%

City: Lubbock

5217 89th Street | Property Details | No Agent List