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$235,000

5413 16th Pl, Lubbock, TX, 79416

On MarketInfo
Just AddedInfo
Beds3 Beds
Baths2 Bath
Baths2,241 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$104.86 / sqft
Year BuiltBuilt in 1967

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesCooktop, Dishwasher, Microwave, Refrigerator
FlooringCarpet, Laminate, Tile

Exterior

Exterior FeaturesPrivate Yard
Lot Size8,925 sqft

Building Information

Year Built1967
Roof Type105
Garage Spaces2

Land Information

APNR92245
Lot Number2520
SubdivisionAlford Terrace
Land UseResidential
Legal DescriptionALFORD TERRACE L 252
Census Tract000402
Assessed Land Value$28,000
Assessed Improvement Value$221,088
Assessment Year2025

About this property

Room to spread out, character to love, and so much potential at $235,000! Set in an established neighborhood with mature trees, 5413 16th Place offers over 2,200 square feet with 4 spacious bedrooms, 2 bathrooms, and two generous living areas. The den features a brick fireplace, built-in shelving, and warm wood paneling, with sliding glass doors opening to a private, fenced backyard. The eat-in kitchen offers abundant cabinetry, generous counter space, and a huge pantry, while the separate dining room provides space for entertaining. All four bedrooms offer comfortable space, including a generously sized primary bedroom with a private ensuite. The updated hall bath feels fresh and bright, and with walk-in closets and plenty of storage, there's room to stay organized. Located near Lubbock Christian University, Texas Tech, and the planned H-E-B at 19th and Frankford. With its spacious layout and approachable price, this home offers a great opportunity to remodel to your taste or make updates along the way. Bring your vision and come see the possibilities!

Investor Tools

$0Estimated Mortgage Balance
$249,088Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,495 /month
Positive
Cash Flow Estimate:
$498 /month

Interested in this property?

Angela Smith

WestMark Companies

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$173/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$832
$249,088
2025
$28,000
$221,088
$249,088
No

Tax History

Year
Tax Paid
Assessed Value
2025
$832
$249,088

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$249,088
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,640/mo
N/A
+$1,640/mo
7.9%

City: Lubbock

5413 16th Pl | Property Details | No Agent List