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$164,900

614 Locust Street, Idalou, TX, 79329

On MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,272 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$129.64 / sqft
Year BuiltBuilt in 2005

Property Lead Type:

High EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Oven, Free-Standing Electric Range, Free-Standing Range, Microwave, Oven
FlooringLaminate, Luxury Vinyl

Exterior

Exterior FeaturesPrivate Yard, Storage
Lot Size6,125 sqft

Building Information

Year Built2005

Land Information

APNR59861
Lot Number70
SubdivisionRoss
Land UseResidential
Legal DescriptionROSS BLK 12 S37.5' OF L 7 & N 6.25' OF L 8
Census Tract010102
Assessed Land Value$2,756
Assessed Improvement Value$130,772
Assessment Year2024

About this property

Buyer's could not obtain financing so don't miss your chance to own this charming move-in ready gem nestled in the heart of Idalou, Texas a second time. This is your chance to call home one of the South Plains most desirable communities and a top search destination for families and investors alike. This thoughtful 3-bedroom, 2-bathroom home offers over 1,250 square feet of comfortable living space with a smart split floor plan that places the primary suite in its own isolated wing, giving homeowners privacy and an escape. The two additional bedrooms are perfectly sized for children, guests, or a dedicated home office, while the intelligent layout keeps daily living easy and functional. At the heart of the home sits a spacious kitchen featuring an electric range, generous counter space, and a central location that keeps the cook connected to the action. It's the kind of kitchen that works as hard as the family that fills it. Step outside and you'll immediately appreciate what sets this property apart- a large driveway with room for multiple vehicles, a generously sized yard. That's not all! Don't forget about the 15x20 shop complete with an overhead door offering endless possibilities. Location is everything and 614 Locust delivers. Idalou ISD schools are consistently celebrated as one of the premier school districts on the South Plains making it an easy choice for families who refuse to compromise on their children's education. The community itself is the kind of place where neighbors still wave from the porch and small-town values run deep, yet Lubbock's major employers, healthcare, shopping, and dining are just a short commute away. Whether you're a growing family ready to put down roots or a savvy investor targeting high-demand rental territory near Lubbock, this property checks every box.

Investor Tools

$0Estimated Mortgage Balance
$133,528Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$989 /month
Positive
Cash Flow Estimate:
$330 /month

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Nick Simpson

Better Homes and Gardens

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$302/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,958
$133,528
2024
$2,756
$130,772
$133,528
No

Tax History

Year
Tax Paid
Assessed Value
2023
$2,958
$133,528

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$133,528
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,425/mo
N/A
+$1,425/mo
12.8%

City: Idalou

614 Locust Street | Property Details | No Agent List