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$400,000

NAL Estimated Property Value

702 Court V, Lamesa, TX, 79331

$439,427 ARVInfo
Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths3,835 Sq Ft
price_per_sqft$104.28 / sqft
Year BuiltBuilt in 1994

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms 2.5Bathrooms 2.5
AppliancesRefrigerator, Built-In Refrigerator, Dishwasher, Disposal, Electric Cooktop, Electric Oven, Electric Range
FlooringConcrete

Exterior

Exterior FeaturesStorage
Lot Size11,979 sqft

Building Information

Year Built1994
Garage Spaces3

Land Information

APN4933
Lot Number1
Land UseResidential
Legal DescriptionLOT 1 BLK 10 PARK TERRACE
Census Tract950500
Assessed Land Value$6,590
Assessed Improvement Value$351,770
Assessment Year2025

About this property

Ready to move in home in the highly sought-after park terrace area. Corner lot with curb appeal and cinder block fence. Gourmet kitchen with granite countertops and island, including top-of-the-line appliances (Sub-Zero refrigerator, Viking range, ice-o-matic pebble ice machine, double oven). Updated home, soaring ceilings, plantation shutters, 2 separate dining areas (formal & breakfast), sequestered master with spacious bathroom walk-in-closets and built-ins. Jack and jill bathroom separates guest bedrooms. A large finished basement can be a theater room, playroom, or 4th bedroom. Large 3-car garage with insulated doors. Low maintenance backyard with turf added and deck.

Investor Tools

Property Icon
$400,000
Estimated Property Value
$153,011Estimated Mortgage Balance
$246,989Estimated Equity
61% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$439,426
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,400 /month
Positive
Cash Flow Estimate:
$800 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$679/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,153
$273,170
2025
$6,590
$351,770
$358,360
No

Tax History

Year
Tax Paid
Assessed Value
2022
$6,153
$273,170

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Lrs Financial Network Inc
Fha
$222,171
Yes
First
Oct 12, 2012
Nov 2027

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$153,011
$246,989
61%
38%
$1,333/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.

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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: Lamesa

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702 Court V | Property Details | No Agent List