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$155,000

5511 1st Pl, Lubbock, TX, 79416

On MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,350 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$114.81 / sqft
Year BuiltBuilt in 1972

Property Lead Type:

Absentee OwnerHigh EquityCash Buyers

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Oven, Washer/Dryer
FlooringCarpet, Tile, Vinyl

Exterior

Exterior FeaturesRain Gutters
Lot Size6,720 sqft

Building Information

Year Built1972
Roof Type105
Garage Spaces2

Land Information

APNR83862
Lot Number1160
SubdivisionWest Wind
Land UseResidential
Legal DescriptionWEST WIND L 116
Census Tract000411
Assessed Land Value$5,100
Assessed Improvement Value$160,469
Assessment Year2025

About this property

Welcome to 5511 1st Place, a charming 3-bedroom, 2-bath home offering approximately 1,350 square feet of comfortable living space in an established northwest Lubbock neighborhood. A classic brick exterior, mature shade tree, and attached two-car garage create an inviting first impression, while the functional single-story layout offers plenty of versatility for everyday living. Step inside to a bright, neutral interior with an easy-flowing floor plan and vinyl flooring throughout the main living areas. The spacious living room features a ceiling fan, crown molding, and French doors that bring in natural light and provide direct access to the backyard. An adjoining dining area connects conveniently to the kitchen, creating a practical setup for both everyday meals and entertaining. The kitchen offers abundant cabinetry and counter space, a breakfast bar, stainless steel range and refrigerator, and distinctive pressed-metal-style backsplash accents that add character to the space. A window above the kitchen sink brings in additional natural light, while nearby storage provides room for pantry essentials. The home features three bedrooms, including a primary bedroom with an ensuite bath. Ceiling fans and neutral finishes throughout make the rooms easy to personalize. Both bathrooms feature updated tile work, including a tiled tub/shower surround in one bath and a tiled walk-in shower with glass enclosure in the other. Out back, the fenced yard provides plenty of room to create your own outdoor retreat, with an existing patio and walkway offering space for grilling, outdoor seating, gardening, or entertaining. Situated in Lubbock's North By Northwest area, 5511 1st Place offers convenient access to the 4th Street and Frankford Avenue corridors, putting shopping, dining, schools, and everyday conveniences within easy reach. Texas Tech University, University Medical Center, and the surrounding medical district are also just a short drive away. With its functional layout, spacious living area, two-car garage, and convenient northwest Lubbock location, this home offers a great opportunity to make the space your own.

Investor Tools

$0Estimated Mortgage Balance
$181,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,086 /month
Positive
Cash Flow Estimate:
$362 /month

Interested in this property?

Brandon Tyler

Progressive Properties

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$320/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,930
$165,569
2025
$5,100
$160,469
$165,569
No

Tax History

Year
Tax Paid
Assessed Value
2025
$2,930
$165,569

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$181,000
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
10.9%

City: Lubbock

5511 1st Pl | Property Details | No Agent List