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$301,000

NAL Estimated Property Value

6227 Louisville Dr, Lubbock, TX, 79413

Off MarketInfo
Beds4 Beds
Baths2 Bath
Baths2,477 Sq Ft
price_per_sqft$119.1 / sqft
Year BuiltBuilt in 1966

Property Lead Type:

Off-Market ListAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Microwave
FlooringCarpet

Exterior

Lot Size9,585 sqft

Building Information

Year Built1966
Garage Spaces2

Land Information

APNR31247
Lot Number3360
SubdivisionMelonie Park
Land UseResidential
Legal DescriptionMELONIE PARK L 336
Census Tract001908
Assessed Land Value$28,755
Assessed Improvement Value$249,569
Assessment Year2025

About this property

Magnificent Melonie Park Home! This fully renovated, beautiful home boasts all the best things that make Melonie Park one of Lubbock's most desired neighborhoods. Within walking distance to Miller Elementary School, this home has mature trees and curb appeal that will make you fall in love! A chef's dream kitchen with a large walk in pantry that is not included in the homes square footage and a huge laundry/mud room. All bathrooms are fully renovated with granite and the bedrooms are huge! The home has a new sprinkler system with smart irrigation, newer hot water heater, HVAC still under warranty and space for outdoor storage. You do not want to miss this show-stopper home in a perfect location!

Investor Tools

Property Icon
$301,000
Estimated Property Value
$280,931Estimated Mortgage Balance
$20,069Estimated Equity
6% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,806 /month
Positive
Cash Flow Estimate:
$602 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$478/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,228
$278,324
2025
$28,755
$249,569
$278,324
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,228
$278,324

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Joel Hohenberger
Commercial
$310,000
No
First
Jun 9, 2021
Jul 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$280,931
$20,069
6%
93%
$1,859/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,960/mo
$1,859/mo
+$101/mo
7.8%

City: Lubbock

6227 Louisville Dr | Property Details | No Agent List