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$499,000

7041 99th St, Lubbock, TX, 79424

Under ContractInfo
Beds4 Beds
Baths3 Bath
Baths2,503 Sq Ft
price_per_sqft$199.36 / sqft
Year BuiltBuilt in 2020

Property Lead Type:

BankruptcyPre-ForeclosureAbsentee Owner

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling

Exterior

Private PoolPrivate Pool
Exterior FeaturesPrivate Yard
Lot Size8,853 sqft

Building Information

Year Built2020
Roof Type105
Garage Spaces3

Land Information

APNR327564
Lot Number470
SubdivisionRidge The
Land UseResidential
Legal DescriptionRIDGE THE L 47
Census Tract010421
Assessed Land Value$58,430
Assessed Improvement Value$422,704
Assessment Year2025

About this property

Welcome home to this beautifully designed 4-bedroom, 3-bathroom home tucked away on a quiet cul-de-sac in The Ridge. Even better, qualified buyers may have the opportunity to assume the current loan with an incredible interest rate. Thoughtfully designed for both everyday living and entertaining, the home features a spacious primary suite with a spa-like ensuite bathroom, two secondary bedrooms connected by a Jack-and-Jill bath, and a fourth bedroom tucked into its own private wing with a nearby hall bathroom. A separate office with a sliding barn door provides the perfect work-from-home space, while the open-concept living area showcases a large island with breakfast bar seating, a stunning stone fireplace, built-in shelving, ceiling beam accents, and a dining area complete with a built-in bar nook. Step outside to enjoy a backyard built for relaxation. The covered patio features an electric Beat the Heat screen, creating an additional living space while helping keep out West Texas dust and adding an extra layer of pool safety. The pool area includes a built-in hot tub, Bahama ledge with bubbler, and an electric pool cover. The property also offers a separately fenced side yard, spray foam insulation, and an oversized rear-entry tandem three-car garage with plenty of room for vehicles, storage, or hobbies. This exceptional home combines thoughtful design, energy efficiency, and resort-style outdoor living in one incredible package.

Investor Tools

$326,902Estimated Mortgage Balance
$154,885Estimated Equity
32% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,994 /month
Positive
Cash Flow Estimate:
$998 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$786/month
$500/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
N/A
$481,134
2025
$58,430
$422,704
$481,134
No

Tax History

Year
Tax Paid
Assessed Value
2024
N/A
$481,134

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
City Bank
Va
$365,000
Yes
First
Dec 21, 2020
Jan 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$326,902
$154,232
32%
68%
$2,189/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,440/mo
$2,689/mo
$-1,249/mo
3.6%

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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7041 99th St | Property Details | No Agent List