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Days49Days on Market
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$349,000

5524 75th St, Lubbock, TX, 79424

On MarketInfo
Beds3 Beds
Baths3 Bath
Baths2,790 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$125.09 / sqft
Year BuiltBuilt in 1976

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 3Bathrooms Full 3
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling

Exterior

Exterior FeaturesStorage
Lot Size9,120 sqft

Building Information

Year Built1976
Roof Type105
Garage Spaces2

Land Information

APNR75172
Lot Number4920
SubdivisionFarrar Estates
Land UseResidential
Legal DescriptionFARRAR ESTATES L 492
Census Tract001713
Assessed Land Value$12,000
Assessed Improvement Value$328,352
Assessment Year2025

About this property

This well-maintained 4 bedroom, 3 bathroom, 2-car garage home in Farrar Estates has so much to offer. The home features two living areas and two isolated primary suites, providing plenty of space for family, guests, multigenerational living, or a home office setup. Outside, you'll love the large covered back patio overlooking a backyard designed for easy living with artificial turf and almost no maintenance. The front offers excellent curb appeal with a circular driveway, while the detached workshop is perfect for woodworking, hobbies, storage, or any project that needs its own space. If you've been looking for a home that has been exceptionally cared for, offers plenty of room, and keeps yard work to a minimum, this one is definitely worth a look.

Investor Tools

$0Estimated Mortgage Balance
$331,894Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,094 /month
Positive
Cash Flow Estimate:
$698 /month

Interested in this property?

Casey Klingensmith

Reside Real Estate Co.

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$282/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,720
$331,894
2025
$12,000
$328,352
$340,352
No

Tax History

Year
Tax Paid
Assessed Value
2025
$1,720
$331,894

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$331,894
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,440/mo
N/A
+$1,440/mo
5.2%

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: Lubbock

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5524 75th St | Property Details | No Agent List