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$490,352

NAL Estimated Property Value

9205 Memphis Dr, Lubbock, TX, 79423

Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths3,643 Sq Ft
price_per_sqft$122.15 / sqft
Year BuiltBuilt in 1984

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 3Bathrooms Full 3
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Double Oven, Dishwasher, Gas Cooktop, Microwave, Range Hood, Gas Water Heater
FlooringCeramic Tile, Carpet, Wood

Exterior

Exterior FeaturesCourtyard, Private Yard, Rain Gutters, Storage
Lot Size15,602 sqft

Building Information

Year Built1984
Roof Type114
Garage Spaces3

Land Information

APNR94656
Lot Number6460
SubdivisionRaintree
Land UseResidential
Legal DescriptionRAINTREE L 646
Census Tract010504
Assessed Land Value$17,006
Assessed Improvement Value$473,346
Assessment Year2025

About this property

Charming and Spacious Home in Raintree. Welcome to this beautifully maintained 3-bedroom, 3-bath, 3-car garage home in the heart of Lubbock's highly desirable Raintree neighborhood. From the moment you arrive, you'll be captivated by the charming curb appeal and lush landscaping filled with vibrant flowers both front and back. Step inside to a huge front room with windows, a generous living room, and a cozy sunroom, offering multiple spaces for relaxing or entertaining. The two secondary bedrooms also feature bay windows—one with a built-in desk, perfect for a home office or study space. Throughout the home, plantation shutters provide timeless elegance and privacy. The master ensuite offers a luxurious retreat with a jet tub, separate shower, and a large walk-in closet. The kitchen is a chef's dream, complete with double ovens, quartz countertops, an L-shaped island with seating for three, and an abundance of cabinetry and storage. Off the kitchen, you'll find a laundry room with a built-in ironing board, keeping everything convenient and functional. Come and view a home that will amaze you. Additional interior highlights include: Wood floors in the formal dining room and hallway Ceramic tile in the kitchen and enclosed sunroom, perfect for enjoying all seasons Enjoy your morning coffee or evening tea on the covered back porch, surrounded by beautifully curated flower beds. The oversized 3-car garage includes a built-in closet, steel door, double sink, and even more storage space—a rare find! Two large storage sheds provide additional room for tools, hobbies, or seasonal décor. This home offers the perfect blend of functionality, comfort, and charm—ideal for everyday living and memorable entertaining. *Welcome Home to your New Address*

Investor Tools

Property Icon
$490,352
Estimated Property Value
$367,069Estimated Mortgage Balance
$123,283Estimated Equity
25% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,942 /month
Positive
Cash Flow Estimate:
$981 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$457/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,030
$490,352
2025
$17,006
$473,346
$490,352
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,030
$490,352

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Amarillo National Bank
Conventional
$369,750
No
First
Dec 12, 2025
Jan 2041

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$367,069
$123,283
25%
75%
$2,217/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,820/mo
$2,217/mo
$-397/mo
4.5%

City: Lubbock

9205 Memphis Dr | Property Details | No Agent List