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$540,000

7303 Alcove Avenue, Lubbock, TX, 79407

On MarketInfo
Beds7 Beds
Baths7 Bath
Baths6,392 Sq Ft
price_per_sqft$84.48 / sqft
Year BuiltBuilt in 1966

Property Lead Type:

Must-SellAbsentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 7Bedrooms 7
Bathrooms 7Bathrooms 7
AppliancesDishwasher, Disposal, Double Oven, Electric Cooktop, Electric Oven, Electric Range, Exhaust Fan, Indoor Grill, Microwave, Other
FlooringCarpet, Concrete, Tile

Exterior

Exterior FeaturesLighting, Outdoor Grill, Private Entrance, Private Yard, Rain Gutters, RV Hookup, Storage
Lot Size9,278 sqft

Building Information

Garage Spaces2

Land Information

APNR331097
Land UseResidential
Legal DescriptionBLK AK SEC 31 AB 243 W40' OF TR B1A ACS: .213
Census Tract010419
Assessed Land Value$18,556
Assessment Year2025

About this property

Check out this large horse property on 1.38 acres in Frenship ISD. This property includes a 5 bedroom + office, 6 bath main house and a 1200 sqft 2 bedroom 1 bath guest house! Plenty of space for a big family or a unique Airbnb. Also included is a blacked-out theatre room in the basement, complete with screen, built-in cabinets, and seating, a large kitchen with updated flooring, double oven, built-in ice maker, room for fridge and stand-up freezer, large island bar complete with 4 barstools, and tons of cabinet space! The primary suite is large, secluded and boasts his and her walk-in closets. The main house includes a large game room, with a wet bar/sink/mini fridge, and indoor grill, and the sunroom is perfect for a home gym or patio. The guest house is newly remodeled at the back of property for privacy and there are also RV hookups! But there is MORE. A fullly fenced area ready for horses with 2 covered stalls! The main house has a new large septic system and 2 A/C's installed in August 2019! Updated plumbing, and new windows on South and East sides of house in 2023. The roofs on both houses are only a few months old! If you are looking for lots of space to make your own, this is the property for you! *Some photos have been virtually "de-staged"using AI.

Investor Tools

$723,758Estimated Mortgage Balance
$671,000Estimated Equity
0% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,026 /month
Positive
Cash Flow Estimate:
$1,342 /month

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Paisley Kelch

Coldwell Banker Trusted Adviso

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$317/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$452
$18,556
2025
$18,556
N/A
$18,556
No

Tax History

Year
Tax Paid
Assessed Value
2025
$452
$18,556

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
American Bank Of Commerce
Commercial
$525,000
No
First
Jul 8, 2016
Jul 2017

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$723,758
N/A
0%
108%
$5,177/mo

City: Lubbock