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Days37Days on Market
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$282,500

7018 18th Place, Lubbock, TX, 79416

On MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,597 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$176.89 / sqft
Year BuiltBuilt in 2026

Property Lead Type:

Deal ListAbsentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms 2Bathrooms 2
AppliancesMicrowave, Oven
FlooringVinyl

Exterior

Exterior FeaturesPrivate Yard
Lot Size6,328 sqft

Building Information

Garage Spaces2

Land Information

APNR344397
Lot Number1520
SubdivisionBurgamy Park
Land UseResidential
Legal DescriptionBURGAMY PARK L 152
Census Tract000406
Assessed Land Value$35,000
Assessment Year2025

About this property

**New Construction + $2,500 Builder Incentive!** Don't miss this incredible opportunity to own a brand-new 3-bedroom, 2-bath home with a 2-car garage in a convenient West Lubbock location! Whether you're searching for a place to call home or an investment property with strong rental appeal, this home offers the perfect combination of quality, location, and value. Situated just off 19th Street, you'll have easy access to Texas Tech University, Lubbock Christian University, South Plains College, the Medical District, and an abundance of shopping, dining, and entertainment. Its prime location makes it an excellent choice for homeowners and investors alike. Designed with today's lifestyle in mind, this thoughtfully crafted floor plan features an open living area, modern finishes, and the low-maintenance benefits that only new construction can provide. Move in with confidence knowing everything is brand new and built for years of comfortable living. As an added bonus, the builder is offering **$2,500 in buyer incentives** that may be applied toward closing costs, an interest rate buy-down, or other qualifying expenses with an acceptable offer. Whether you're purchasing your first home, downsizing, or expanding your real estate portfolio, this is an opportunity you won't want to miss. Schedule your private tour today!

Investor Tools

$174,934Estimated Mortgage Balance
$173,066Estimated Equity
49% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,088 /month
Positive
Cash Flow Estimate:
$696 /month

Interested in this property?

Siairra Tharp

Southern Magnolia Real Estate

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$205/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$721
$35,000
2025
$35,000
N/A
$35,000
No

Tax History

Year
Tax Paid
Assessed Value
2025
$721
$35,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Centennial Bank
Building Or Construction Loan
$175,695
No
First
Apr 24, 2026
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$174,934
$173,066
49%
50%
$1,054/mo

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.

Explore Texas Explore This Area
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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7018 18th Place | Property Details | No Agent List