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$376,000

NAL Estimated Property Value

8806 Joliet Ave, Lubbock, TX, 79423

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,183 Sq Ft
price_per_sqft$174.03 / sqft
Year BuiltBuilt in 1977

Property Lead Type:

Absentee Owner

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Cooktop, Microwave, Oven
FlooringLuxury Vinyl

Exterior

Private PoolPrivate Pool
Exterior FeaturesPrivate Yard, Rain Gutters
Lot Size7,150 sqft

Building Information

Year Built1977
Roof Type114
Garage Spaces2

Land Information

APNR87728
Lot Number4050
SubdivisionRaintree
Land UseResidential
Legal DescriptionRAINTREE L 405
Census Tract010504
Assessed Land Value$10,400
Assessed Improvement Value$244,924
Assessment Year2025

About this property

West Texas summers are long and hot. With a salt water POOL and a floor plan made for relaxation, this spacious home is an OASIS in the desert. You'll be impressed by the towering tree in the front yard, indicative of the mature landscaping throughout this quiet Raintree neighborhood. When you walk in the front door, you'll see a beautiful wide plank flooring that literally shines with pride of ownership. As you walk through the breakfast nook and roomy kitchen with granite countertops, a top of the line dishwasher, double ovens and clever Lazy Susans, you'll notice that this home is CLEAN. The giant living room and dining area are combined to enjoy plenty of space centered around a beautiful fireplace. The primary bedroom is large enough to include an office and/or sitting area and the bathrooms throughout the home are updated. The home features a dedicated guest bathroom, as well as an en-suite bathroom in the 4th bedroom. As you make your way outside, you can grab a refreshing drink from the wet bar and then step outside to an inviting Salt Water POOL. The pool area is perfect for parties or relaxation and it's surrounded by a tall custom cinder block privacy fence. The backyard includes a small work shed and even an outdoor bathroom so guests aren't required to walk through the home in wet swimsuits. On top of all this, this home features solar panels that will be paid off by the seller at closing so you can enjoy minuscule electric bills for the lifetime of the home. With low LISD property taxes, money saving solar panels and a budget friendly salt water pool, this home is easy on the eyes and on the bank account. Don't suffer through the West Texas heat this summer. Dive into this home and enjoy the sunshine!

Investor Tools

Property Icon
$376,000
Estimated Property Value
$245,186Estimated Mortgage Balance
$130,814Estimated Equity
34% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,279 /month
Positive
Cash Flow Estimate:
$760 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$466/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,711
$255,324
2025
$10,400
$244,924
$255,324
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,711
$255,324

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Highlands Residential Mortgage Ltd
Conventional
$266,000
No
First
Mar 24, 2022
Apr 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$245,186
$130,814
34%
65%
$1,595/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,820/mo
$1,595/mo
+$225/mo
5.8%

City: Lubbock

8806 Joliet Ave | Property Details | No Agent List