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$430,000

NAL Estimated Property Value

7001 18th Pl, Lubbock, TX, 79416

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,665 Sq Ft
Unimproved LandUnimproved Land
price_per_sqft$161.35 / sqft
Year BuiltBuilt in 2024

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling

Exterior

Lot Size7,708 sqft

Building Information

Year Built2024
Roof Type105
Garage Spaces598

Land Information

APNR344374
SubdivisionBurgamy Park
Land UseResidential
Legal DescriptionBURGAMY PARK L 130A
Census Tract000406
Assessed Land Value$28,000
Assessed Improvement Value$84,036
Assessment Year2025

About this property

Burgamy Park is a half section of land that was previously owned by the Estes and Nona Burgamy family for over 100 years. This master planned residential development is located in the booming region of northwest Lubbock at 19th and Rochester Avenue. Burgamy Park wraps around Frenship's Terra Vista Middle School and provides quick access to Texas Tech, LCU and the medical district. Burgamy Park was also featured in the 2022 Parade of Homes. Come build your dream home. As long as you purchase 3 or more lots seller will offer discount. https://806land.group/developments/burgamy-park/

Investor Tools

Property Icon
$430,000
Estimated Property Value
$434,826Estimated Mortgage Balance
$0Estimated Equity
0% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,580 /month
Positive
Cash Flow Estimate:
$860 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$248/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$826
$112,036
2025
$28,000
$84,036
$112,036
No

Tax History

Year
Tax Paid
Assessed Value
2024
$826
$112,036

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Loandepot.Com Llc
Fha
$419,265
Yes
First
Aug 13, 2025
Sep 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$434,826
N/A
0%
101%
$2,643/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,920/mo
$2,643/mo
$-723/mo
5.4%

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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7001 18th Pl | Property Details | No Agent List