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$245,000

NAL Estimated Property Value

3432 56th St, Lubbock, TX, 79413

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths2,035 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$120.39 / sqft
Year BuiltBuilt in 1960

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesOther
FlooringCarpet, Linoleum

Exterior

Private PoolPrivate Pool
Exterior FeaturesStorage
Lot Size8,890 sqft

Building Information

Year Built1960
Roof Type105
Garage Spaces2

Land Information

APNR129701
Lot Number750
SubdivisionGlenridge
Land UseResidential
Legal DescriptionGLENRIDGE L 150
Census Tract001907
Assessed Land Value$32,000
Assessed Improvement Value$238,691
Assessment Year2025

About this property

COMING SOON! For more than 30 years, this home has hosted summer pool parties, holiday get-togethers, and family gatherings. Now it's ready for its next chapter. The 2,035 sq ft main house has 3 bedrooms, 2 baths, and a 2-car garage. Out back, the pool and a 367 sq ft pool house with a half bath set the stage for entertaining. Picture cannonballs on a July afternoon and burgers on the grill while the evening cools off. A detached workshop/1-car garage and plenty of storage add even more room for hobbies, projects, and toys. The pool needs work to get back up and running, and the house is ready for updates. With some vision and care, the next owners can bring it back to life and start making memories of their own. It's centrally located with easy access to shopping, dining, schools, and major thoroughfares. Watch for it to hit the market soon!

Investor Tools

Property Icon
$275,000
Estimated Property Value
$0Estimated Mortgage Balance
$275,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,650 /month
Positive
Cash Flow Estimate:
$550 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$218/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,246
$270,691
2025
$32,000
$238,691
$270,691
No

Tax History

Year
Tax Paid
Assessed Value
2025
$1,246
$270,691

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$275,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,990/mo
N/A
+$1,990/mo
8.7%

City: Lubbock

3432 56th St | Property Details | No Agent List