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Days44Days on Market
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$282,500

7020 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
AppliancesDishwasher
FlooringCarpet, Vinyl

Exterior

Exterior FeaturesLighting, Private Yard
Lot Size6,328 sqft

Building Information

Garage Spaces2

Land Information

APNR344396
Lot Number1510
SubdivisionBurgamy Park
Land UseResidential
Legal DescriptionBURGAMY PARK L 151
Census Tract000406
Assessed Land Value$35,000
Assessment Year2025

About this property

Brand-New Construction with $2,500 Builder Incentive Available! Discover the perfect blend of style, convenience, and opportunity in this brand-new construction home located just off 19th Street! Whether you're searching for your next family home or a smart investment property, this 3-bedroom, 2-bath home with a 2-car garage checks all the boxes. Enjoy an unbeatable location with quick access to Texas Tech University, Lubbock Christian University, South Plains College, the Medical District, shopping, dining, and everything West Lubbock has to offer. The functional floor plan offers comfortable everyday living with modern finishes, an open-concept layout, and low-maintenance new construction for years of worry-free ownership. For investors, the proximity to multiple colleges makes this an excellent opportunity for long-term rental demand. For homeowners, you'll love the convenience of being close to schools, work, entertainment, and major thoroughfares while enjoying the benefits of a brand-new home. Whether you're looking to build your investment portfolio or settle into your first home, this property offers exceptional value in one of Lubbock's most convenient locations.

Investor Tools

$174,934Estimated Mortgage Balance
$174,066Estimated Equity
49% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,094 /month
Positive
Cash Flow Estimate:
$698 /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
$174,066
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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7020 18th Place | Property Details | No Agent List