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$520,000

2950 N Highway 385, Levelland, TX, 79336

On MarketInfo
Just AddedInfo
Beds4 Beds
Baths4 Bath
Baths2,979 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$174.56 / sqft
Year BuiltBuilt in 1988

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms 4Bathrooms 4
AppliancesCooktop, Disposal, Double Oven, Dishwasher, Electric Cooktop, Microwave, Oven
FlooringCarpet, Other, Tile

Exterior

Private PoolPrivate Pool
Exterior FeaturesOutdoor Grill, Outdoor Kitchen, Private Yard, RV Hookup, Storage
Lot Size5 acres

Building Information

Garage Spaces2

Land Information

APN28295
Land UseResidential
Legal DescriptionSCL, LGE 730, % NW/C LAB 16, AB225, ACRES 5.000
Census Tract950200
Assessed Land Value$12,080
Assessed Improvement Value$343,280
Assessment Year2025

About this property

Situated on 5 acres, this spacious 4-bedroom, 3.5-bath home offers 2,979 square feet of living space, a swimming pool, and a 2,400-square-foot insulated shop. Inside, you'll find a spacious living area with a fireplace and gas logs, a large dining area, breakfast bar, and plenty of built-in storage throughout. The kitchen features updated appliances, including a cooktop, double ovens, microwave, and dishwasher, all replaced in 2024. The primary suite offers a remodeled bathroom around 2016, while the additional bedrooms provide plenty of room for family or guests. Step outside and enjoy your own backyard retreat with an outdoor kitchen, swimming pool, automatic sprinkler system, and plenty of space to entertain or simply enjoy the outdoors. The impressive 40x60 insulated shop features electricity and an RV hookup, offering endless possibilities for hobbies, projects, or storage. Major improvements include a new roof and garage doors in 2024 and a recently replaced water well pump about a year ago. With 5 acres, a pool, a large shop, and room to spread out, this property offers the space and amenities you've been looking for!

Investor Tools

$90,460Estimated Mortgage Balance
$470,540Estimated Equity
83% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,366 /month
Positive
Cash Flow Estimate:
$1,122 /month

Interested in this property?

Haylee Hutto

Jackson Real Estate Company

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$508/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,295
$355,360
2025
$12,080
$343,280
$355,360
No

Tax History

Year
Tax Paid
Assessed Value
2025
$3,295
$355,360

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Ag Texas Pca
Open End Mortgage / Open End With Future Advance Clause
$81,200
No
First
Feb 9, 2009
Apr 2014

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$90,460
$470,540
83%
16%
$974/mo

City: Levelland

2950 N Highway 385 | Property Details | No Agent List