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$306,375

NAL Estimated Property Value

7704 Knoxville Drive, Lubbock, TX, 79424

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths2,579 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$115.94 / sqft
Year BuiltBuilt in 1972

Property Lead Type:

Off-Market ListHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Double Oven, Dishwasher, Microwave
FlooringCarpet

Exterior

Lot Size8,475 sqft

Building Information

Year Built1972
Garage Spaces2

Land Information

APNR48208
Lot Number1580
SubdivisionMelonie Park South
Land UseResidential
Legal DescriptionMELONIE PARK SOUTH L 158
Census Tract001904
Assessed Land Value$24,000
Assessed Improvement Value$282,375
Assessment Year2025

About this property

Welcome to 7704 Knoxville Dr. An inviting & beautifully updated home located in the desirable Melonie Park South neighborhood. Perfectly positioned next to a serene park & a refreshing neighborhood pool, this residence offers both comfort & convenience. As you step inside, you'll immediately notice the fresh paint & new carpets, creating a welcoming & move-in ready atmosphere. The spacious living areas boast an abundance of natural light, providing a warm & inviting ambiance throughout. This home offers 3 massive bedrooms, and 2 large bathrooms, as well as a sunroom off the living. The property's standout feature is its mature trees, offering shade & privacy to the outdoor spaces. For added convenience, this home can be sold fully furnished, w/all furniture negotiable. This is an excellent opportunity for those seeking a turnkey solution or those who appreciate the option to effortlessly furnish their new home to their taste & style. Don't miss the opportunity to make this your home!

Investor Tools

Property Icon
$306,375
Estimated Property Value
$195,129Estimated Mortgage Balance
$111,246Estimated Equity
36% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,838 /month
Positive
Cash Flow Estimate:
$613 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$449/month
$158/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,852
$306,375
2025
$24,000
$282,375
$306,375
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,852
$306,375

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
First Bank & Trust
Commercial
$212,480
No
First
Jan 7, 2022
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$195,129
$111,246
36%
64%
$1,274/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,550/mo
$1,432/mo
+$118/mo
6.1%

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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7704 Knoxville Drive | Property Details | No Agent List