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$219,000

5521 1st Place, Lubbock, TX, 79416

On MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,385 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$158.12 / sqft
Year BuiltBuilt in 1972

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

Exterior

Exterior FeaturesFire Pit
Lot Size7,056 sqft

Building Information

Year Built1972
Roof Type105
Garage Spaces420

Land Information

APNR83735
Lot Number1110
SubdivisionWest Wind
Land UseResidential
Legal DescriptionWEST WIND L 111
Census Tract000411
Assessed Land Value$5,355
Assessed Improvement Value$166,740
Assessment Year2025

About this property

This beautifully refinished 3-bedroom, 2-bath open floorplan residence combines modern style with practical comfort. Step inside to a functional living area filled with natural light, tall ceilings, and a beautiful color palette ready to complement any design. The kitchen features ample countertop and cabinet space, beautiful granite counter tops, and a functional layout perfect for meal prep or casual dining. Adjacent dining and living areas create a seamless flow for entertaining or family gatherings. The primary suite offers a spacious retreat with a private ensuite bath and vanities with marble countertops. Two additional bedrooms share a full bathroom, providing comfort and convenience for family or guests. Enjoy the benefits of a dedicated laundry room, modern fixtures throughout, and energy-efficient design. Outside, the freshly landscaped yard and inviting curb appeal make this home stand out along with a 10' x 12' storage shop that was built in 2025. Located in a desirable neighborhood, this home is just minutes from Texas Tech, Lubbock Christian University, and shopping, and community amenities—ideal for both first-time buyers and growing families.

Investor Tools

Property Icon
$197,000
Estimated Property Value
$0Estimated Mortgage Balance
$14,620Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,314 /month
Positive
Cash Flow Estimate:
$438 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$343/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,125
$172,095
2025
$5,355
$166,740
$172,095
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,125
$172,095

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Fairway Independent Mortgage Corp
Va
$194,000
Yes
First
Feb 22, 2023
Mar 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$182,380
$14,620
7%
93%
$1,164/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,640/mo
$1,164/mo
+$476/mo
10.0%

Learn About the Market: Opportunity in Texas

Local Market Pages
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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: Lubbock

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5521 1st Place | Property Details | No Agent List