Last 24 Hours
$115,000
307 Monroe Ave, Lorenzo, TX, 79343
On Market
Just Added
3 Beds
2 Bath
1,242 Sq Ft
Single Family Residence
$92.59 / sqft
Built in 1970Property Lead Type:
Absentee OwnerHigh Equity
Highlights
Interior
Bedrooms 3
Bathrooms 2AppliancesDishwasher, Range
FlooringCarpet, Vinyl
Exterior
Exterior FeaturesNone
Lot Size10,498 sqft
Building Information
Year Built1970
Garage Spaces1
Land Information
APNR11866
Lot Number5,6
Land UseResidential
Legal DescriptionORIGINAL TOWN LORENZO BLOCK 33 LOT 5,6 (N25)
Census Tract950300
Assessed Land Value$2,790
Assessed Improvement Value$84,160
Assessment Year2025
About this property
Welcome to 307 Monroe in Lorenzo! This clean, well-maintained home offers 3 bedrooms, 2 bathrooms, and a 1-car garage with 1,242 square feet of comfortable living space. The open floor plan creates an inviting space for everyday living and gathering with guests. New carpet throughout and a new kitchen range add fresh appeal, while central heat and air provide year-round comfort. Situated on a quarter-acre lot, this home offers plenty of outdoor space to enjoy. Experience the charm of small-town living with the convenience of nearby Lubbock!
Investor Tools
$0Estimated Mortgage Balance
$86,950Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$690 /month
Positive
Cash Flow Estimate:
$230 /month
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ContactFinancing Details
Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$171/month
No HOA
5.947%
Tax Information
Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,620
$86,950
2025
$2,790
$84,160
$86,950
No
Tax History
Year
Tax Paid
Assessed Value
2022
$1,620
$86,950
Equity Summary
Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$86,950
100%
0%
$0/mo
12.4%