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$226,000

NAL Estimated Property Value

711 Vardo Ln, Lubbock, TX, 79403

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,648 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$91.02 / sqft
Year BuiltBuilt in 1959

Property Lead Type:

Off-Market ListAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesCooktop, Disposal, Double Oven, Dishwasher, Electric Cooktop, Microwave, Water Softener, Water Softener Owned
FlooringCarpet, Tile

Exterior

Lot Size15,938 sqft

Building Information

Year Built1959
Roof Type105
Garage Spaces2

Land Information

APNR67899
Lot Number3
SubdivisionOldhams Mesa
Land UseResidential
Legal DescriptionOLDHAMS MESA BLK 2 L 3
Census Tract000100
Assessed Land Value$28,000
Assessed Improvement Value$144,169
Assessment Year2025

About this property

Beautifully Updated 3 Bedroom 2 Bath Home in Lubbock Country Club Addition. Spacious Family Room With Built-ins and Corner Fireplace. Updated Kitchen Has Abundant Cabinetry and Counter Space, Breakfast Bar and Dining Area. Both Baths have been Completely Updated and Master has a Fabulous Seated Shower. Other Updates Include: New Windows & Insulation 2 Years Ago, Roof 1 Year Old, Paint Inside & Out, Flooring Throughout, LED Lights & Fans, and Carport was Converted to Garage in 2011. Large Backyard and Patio are Perfect for Relaxing & Entertaining! A Special Feature is the Private Water Well!

Investor Tools

Property Icon
$226,000
Estimated Property Value
$171,919Estimated Mortgage Balance
$54,081Estimated Equity
23% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,356 /month
Positive
Cash Flow Estimate:
$452 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$257/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,952
$172,169
2025
$28,000
$144,169
$172,169
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,952
$172,169

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Rocket Mortgage Llc
Conventional
$175,000
No
First
May 15, 2025
Jun 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$171,919
$54,081
23%
76%
$1,050/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,425/mo
$1,050/mo
+$375/mo
7.6%

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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711 Vardo Ln | Property Details | No Agent List