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$616,000

NAL Estimated Property Value

8703 Salem Ave, Lubbock, TX, 79424

Off MarketInfo
Beds4 Beds
Baths4 Bath
Baths4,569 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$86.45 / sqft
Year BuiltBuilt in 1991

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3.5Bathrooms Full 3.5
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesRefrigerator, Built-In Refrigerator, Cooktop, Disposal, Double Oven, Dishwasher, Electric Cooktop, Water Heater
FlooringCarpet, Concrete

Exterior

Lot Size11,500 sqft

Building Information

Year Built1991
Garage Spaces3

Land Information

APNR82570
Lot Number230
SubdivisionHighridge
Land UseResidential
Legal DescriptionHIGHRIDGE L 23
Census Tract010502
Assessed Land Value$37,375
Assessed Improvement Value$456,661
Assessment Year2025

About this property

Not what you expected! When you get out of your car you will expect to see the same old thing...not here...very contemporary interior. Immaculately maintained: recent floors (carpet, porcelain tile and laminate wood). The cabinets are lacquered paint, the ceilings are tall and there is a dedicated office. The natural light is enhanced two sun tunnels and a skylight in the garage. Each bedroom is spacious and features built-ins, walk-in closets and a bath. Don't miss a thing: 4 bedrooms, 3.5 baths and a three car rear entry garage. This house is perfect for entertaining. There is a covered patio with outlets for gas and water, special bench seating and a slate patio. Do you like to exercise or dance? The basement is perfect for either one...laminate flooring with mirrored walls. The utility has two areas for hanging clothes, a double sink, counter space, a built-in ironing board and cabinets galore. We talk about storage space, but this house defines storage space! Cedar walk-in closet

Investor Tools

Property Icon
$616,000
Estimated Property Value
$285,088Estimated Mortgage Balance
$330,912Estimated Equity
53% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,696 /month
Positive
Cash Flow Estimate:
$1,232 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$893/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,632
$494,036
2025
$37,375
$456,661
$494,036
No

Tax History

Year
Tax Paid
Assessed Value
2024
$7,632
$494,036

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Jg Wentworth Home Lending Inc
Stand Alone First / Home Equity First Lien
$348,000
No
First
Aug 29, 2017
Sep 2047

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$285,088
$330,912
53%
46%
$2,087/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,690/mo
$2,087/mo
$-397/mo
3.3%

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: Lubbock

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8703 Salem Ave | Property Details | No Agent List