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$328,000

NAL Estimated Property Value

706 Gaines, Wellman, TX

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths2,600 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$71.15 / sqft
Year BuiltBuilt in 1985

Property Lead Type:

Off-Market ListHigh EquityVacant Homes

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms 2Bathrooms 2
FlooringHardwood

Exterior

Lot Size28,009 sqft

Building Information

Year Built1986

Land Information

APN20419
Land UseResidential
Legal DescriptionBLK 30 TRACT 5 & 6 ORIGINAL TO WN OF WELLMAN BLK/TRACT 30 0.643 ACRES
Census Tract950100
Assessed Land Value$5,070
Assessed Improvement Value$213,469
Assessment Year2024

About this property

This is a gorgeous house only 45 minutes from Lubbock in a great school district --It's a 3/2 with a 1500SQ ft shop/garage --big front yard--big back yard with tons of Pine trees. Comes with the lot next door to the west of the property of vacant land

Investor Tools

Property Icon
$328,000
Estimated Property Value
$0Estimated Mortgage Balance
$328,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,968 /month
Positive
Cash Flow Estimate:
$656 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$505/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,421
$218,539
2024
$5,070
$213,469
$218,539
No

Tax History

Year
Tax Paid
Assessed Value
2022
$4,421
$218,539

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$328,000
100%
0%
$0/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: Wellman

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706 Gaines | Property Details | No Agent List