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$190,000

NAL Estimated Property Value

5616 N County Road 1500, Shallowater, TX, 79363

Off MarketInfo

Highlights

Interior

Bedrooms —Bedrooms —
Bathrooms —Bathrooms —

Exterior

Lot Size14,767 sqft

Land Information

APNR323546
Land UseResidential
Legal DescriptionBLK JS SEC 34 AB 1504 TR 4 OF SW/4 AC: .339
Census Tract010301
Assessed Land Value$5,424
Assessment Year2025

About this property

If you want the quiet country life with spectacular sunsets, distant neighbors, and starry nights like you've never seen before this place is calling you home. If you love the idea of living on acreage but it's also important to you that the amenities of the city are reasonably close, this lot is what you've been looking for. Just an 8 minute drive to Shallowater Schools, 10 min drive to the closest Walmart and only 15 minute commute to downtown Lubbock makes this location prime for enjoying solitude and privacy without sacrificing city comforts. Another thing that sets this property apart from other properties you've dismissed is the unobstructed view of acres and acres of georgeous cotton fields. Very limited restrictions and no city taxes also make this spot a fantastic place to build your luxury home or barndominium. This place really is unique. Don't count it out without first driving by. You will be glad you did.

Investor Tools

Property Icon
$190,000
Estimated Property Value
$344,822Estimated Mortgage Balance
$190,000Estimated Equity
0% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,140 /month
Positive
Cash Flow Estimate:
$380 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$87/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$92
$5,424
2025
$5,424
N/A
$5,424
No

Tax History

Year
Tax Paid
Assessed Value
2024
$92
$5,424

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
City Bank
Conventional
$424,100
No
First
May 12, 2017
Jun 2047

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$344,822
N/A
0%
181%
$2,543/mo

City: Shallowater

5616 N County Road 1500 | Property Details | No Agent List