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$353,000

NAL Estimated Property Value

7005 18th Pl, Lubbock, TX, 79416

Off MarketInfo
Baths0 Bath
Unimproved LandUnimproved Land

Highlights

Interior

Bathrooms 0Bathrooms 0

Exterior

Lot Size7,020 sqft

Land Information

APNR344376
SubdivisionBurgamy Park
Land UseResidential
Legal DescriptionBURGAMY PARK L 132A
Census Tract000406
Assessed Land Value$24,500
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
$353,000
Estimated Property Value
$341,413Estimated Mortgage Balance
$11,587Estimated Equity
3% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,118 /month
Positive
Cash Flow Estimate:
$706 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$189/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$504
$24,500
2025
$24,500
N/A
$24,500
No

Tax History

Year
Tax Paid
Assessed Value
2025
$504
$24,500

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Residential Wholesale Mortgage Inc
Fha
$344,926
Yes
First
Oct 24, 2025
Nov 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$341,413
$11,587
3%
97%
$2,069/mo

Learn About the Market: Opportunity in Texas

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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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7005 18th Pl | Property Details | No Agent List