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$122,500

407 E Lanny Ave, Brownfield, TX, 79316

On MarketInfo
Just AddedInfo
Beds2 Beds
Baths1 Bath
Baths1,040 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$117.79 / sqft
Year BuiltBuilt in 1955

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms 1Bathrooms 1
AppliancesGas Range, Refrigerator, Washer/Dryer
FlooringCarpet, Plank

Exterior

Exterior FeaturesStorage, Other
Lot Size8,407 sqft

Building Information

Year Built1955

Land Information

APN19698
Lot Number19
Land UseResidential
Legal DescriptionBLK 8 LOT 19 OAK GROVE BLK/TRACT 8 0.193 ACRES
Census Tract950400
Assessed Land Value$3,150
Assessed Improvement Value$42,915
Assessment Year2024

About this property

This 2-bedroom, 1-bath home has more to offer than meets the eye! One of the standout features is the shop with a lean-to. With existing water access there is plenty of potential for a workshop, man cave, or even a future apartment conversion! Inside the home, you'll find vinyl plank flooring throughout the main living areas, carpeted bedrooms, freshly painted kitchen cabinets, a gas cooktop, updated windows, and a step-in shower. The refrigerator, washer, and dryer all stay! Outside, enjoy a covered front porch, brand-new back deck, and spacious backyard complete with a storm cellar and an additional storage shed. A brand-new roof has already been installed, and the exterior of the home is scheduled to be painted soon. With all these extras, there's plenty of opportunity to make this property your own!

Investor Tools

$0Estimated Mortgage Balance
$70,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$735 /month
Positive
Cash Flow Estimate:
$245 /month

Interested in this property?

Tess Hernandez

Reside Real Estate Co.

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$54/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$299
$46,065
2024
$3,150
$42,915
$46,065
Yes (2021)

Tax History

Year
Tax Paid
Assessed Value
2022
$299
$46,065

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$70,000
100%
0%
$0/mo

City: Brownfield

407 E Lanny Ave | Property Details | No Agent List