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B+
NoAgentList RatingHow are grades calculated? Info
Days15Days on Market
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$715,000

7205 78th Street, Lubbock, TX, 79424

On MarketInfo
Beds4 Beds
Baths3 Bath
Baths3,229 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$221.43 / sqft
Year BuiltBuilt in 2002

Property Lead Type:

High EquityCash Buyers

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesCooktop, Dishwasher, Disposal, Microwave, Oven
FlooringCarpet, Concrete, Painted/Stained

Exterior

Private PoolPrivate Pool
Exterior FeaturesFire Pit, Lighting, Outdoor Grill, Private Yard
Lot Size16,920 sqft

Building Information

Year Built2002
Roof Type105
Garage Spaces2

Land Information

APNR169277
Lot Number640
SubdivisionPapalote South
Land UseResidential
Legal DescriptionPAPALOTE SOUTH L 64A
Census Tract001716
Assessed Land Value$40,000
Assessed Improvement Value$544,184
Assessment Year2025

About this property

Welcome to this exceptional 3-bedroom, 3-bathroom home located in the highly sought-after Papalote South community, offering a perfect blend of space, versatility, and outdoor living. Seller is offering a $15,000 paint/carpet allowance making this gem even more desirable. Designed with both comfort and functionality in mind, this home features multiple living and entertaining areas, including a flex/media/game room, a formal dining space, and a convenient pocket office--ideal for working from home or managing daily tasks. The thoughtfully designed layout provides flexibility to fit a variety of lifestyles. The home also boasts a fully finished basement and an expansive finished attic space, offering endless possibilities for additional living areas, hobbies, or storage. Ample storage throughout ensures everything has its place. Step outside to your own private retreat, complete with a sparkling pool, outdoor grill area, and fire pit--perfect for entertaining or relaxing year-round. The property includes a dedicated shop with a workshop and RV/boat storage, along with a full bathroom. With its unique combination of indoor versatility and outdoor amenities, this property offers a rare opportunity to enjoy both functionality and lifestyle in Papalote South.

Investor Tools

Property Icon
$708,000
Estimated Property Value
$0Estimated Mortgage Balance
$708,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,290 /month
Positive
Cash Flow Estimate:
$1,430 /month

Interested in this property?

Amy Cox

ALL Real Estate, LLC

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,332/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$12,443
$584,184
2025
$40,000
$544,184
$584,184
No

Tax History

Year
Tax Paid
Assessed Value
2024
$12,443
$584,184

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$708,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,440/mo
N/A
+$1,440/mo
2.4%

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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