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$288,000

NAL Estimated Property Value

6903 16th Street, Lubbock, TX, 79416

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,700 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$167.65 / sqft
Year BuiltBuilt in 2025

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesRange, Disposal, Free-Standing Range, Gas Cooktop, Microwave, Oven, Stainless Steel Appliance(s), Gas Water Heater
FlooringCarpet, Vinyl

Exterior

Exterior FeaturesPrivate Yard
Lot Size5,700 sqft

Building Information

Year Built2024
Roof Type105
Garage Spaces2

Land Information

APNR342825
Lot Number1140
SubdivisionBurgamy Park
Land UseResidential
Legal DescriptionBURGAMY PARK L 114
Census Tract000406
Assessed Land Value$35,000
Assessed Improvement Value$89,952
Assessment Year2025

About this property

This stunning home is conveniently located in Lubbock, offering easy access to all your daily necessities while being nestled in a desirable neighborhood. This home stands out with its unique design and custom craftsmanship, ensuring a one-of-a-kind living experience. From the moment you step inside, you'll notice the thoughtful details that set this home apart. Custom features include sleek quartz countertops, handcrafted cabinetry you won't find anywhere else, and carefully selected flooring and tile that add both style and character. The landscaped front and back yards, complete with a full sprinkler system, ensure easy maintenance and year-round curb appeal. A covered patio and generous sized backyard provide the perfect space for outdoor living and entertaining. Designed with functionality in mind, this floor plan caters to a variety of lifestyles, providing the perfect balance of comfort and practicality. With a warm and inviting color palette complemented by classy countertops, this home exudes elegance while maintaining a welcoming atmosphere. And because we are not a cookie-cutter builder, you can expect fresh design elements and unique touches throughout—giving you a home that truly feels special. To give you peace of mind, this home comes with a 1, 2, 10 StrucSURE Warranty, ensuring quality and longevity. If you're looking for something beyond the ordinary, this home is it!

Investor Tools

Property Icon
$288,000
Estimated Property Value
$211,214Estimated Mortgage Balance
$76,786Estimated Equity
26% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,728 /month
Positive
Cash Flow Estimate:
$576 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$180/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$723
$124,952
2025
$35,000
$89,952
$124,952
No

Tax History

Year
Tax Paid
Assessed Value
2024
$723
$124,952

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
City Bank
Conventional
$215,000
No
First
May 29, 2025
Jun 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$211,214
$76,786
26%
73%
$1,290/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,640/mo
$1,290/mo
+$350/mo
6.8%

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.

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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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6903 16th Street | Property Details | No Agent List