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$360,292

7516 Tripp Ave, Amarillo, TX, 79121

$386,075 ARVInfo
Off MarketInfo
Beds4 Beds
Baths2 Bath
Baths2,529 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$149.86 / sqft
Year BuiltBuilt in 1983

Property Lead Type:

BankruptcyPre-ForeclosureOff-Market ListAbsentee OwnerVacant HomesMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
HeatingHeating
CoolingCooling

Exterior

Private PoolPrivate Pool
Lot Size9,148 sqft

Building Information

Year Built1983
Stories1
Roof Type112
Garage Spaces2

Land Information

APNR-073-0530-6390
Lot Number23
SubdivisionSleepy Hollow # 20
Land UseResidential
Legal DescriptionSLEEPY HOLLOW # 20, LOT 023, BLK 0030
Census Tract021604
Assessed Land Value$36,904
Assessed Improvement Value$323,388
Assessment Year2025

About this property

Check out this absolutely stunning, fully renovated home — the perfect blend of luxury, comfort, and entertainment. Featuring four spacious bedrooms and two beautifully updated bathrooms, this home is designed to impress from the moment you step inside. Highlights include: • Gorgeous in-ground pool for relaxing summer days • Indoor hot tub and private sauna for ultimate comfort • Luxurious master suite with spa-like finishes • Brand new roof, HVAC system, electrical panel, gas line, and Whirlpool water heater (per seller) • Completely renovated and move-in ready. From poolside gatherings to quiet evenings at home, this property offers everything you could want and more. Truly an entertainer's paradise and ready for new owners to enjoy.

Investor Tools

Property Icon
$360,292
Estimated Property Value
$270,019Estimated Mortgage Balance
$67,586Estimated Equity
25% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$386,074
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,274 /month
Positive
Cash Flow Estimate:
$758 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$701/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,609
$360,292
2025
$36,904
$323,388
$360,292
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,609
$360,292

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Eustis Mortgage Corp
Fha
$270,019
Yes
First
Jan 10, 2020
Feb 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$292,706
$67,586
18%
81%
$1,976/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,630/mo
$1,976/mo
$-346/mo
5.4%

Learn About the Market: Opportunity in Texas

Local Market Pages
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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: Amarillo

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7516 Tripp Ave | Property Details | No Agent List