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$379,000

8701 Richmond Ave, Lubbock, TX, 79424

On MarketInfo
Just AddedInfo
Beds3 Beds
Baths2 Bath
Baths2,360 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$160.59 / sqft
Year BuiltBuilt in 1988

Property Lead Type:

Absentee OwnerHigh EquityCash Buyers

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesCooktop, Dishwasher, Microwave
FlooringCarpet, Tile

Exterior

Exterior FeaturesPrivate Yard
Lot Size11,269 sqft

Building Information

Year Built1988
Garage Spaces3

Land Information

APNR82196
Lot Number120
SubdivisionHighridge
Land UseResidential
Legal DescriptionHIGHRIDGE L 12
Census Tract010502
Assessed Land Value$36,624
Assessed Improvement Value$283,941
Assessment Year2025

About this property

Welcome to 8701 Richmond Ave in Lubbock, a spacious and thoughtfully designed home offering 3 bedrooms, 2.5 bathrooms, a private office with a closet, and a 3-car garage. The office provides excellent flexibility and could easily be used as a fourth bedroom. The secondary bedrooms feature a convenient Jack-and-Jill bathroom arrangement, with each bedroom having its own private vanity area, providing additional privacy and functionality. One of the standout features of this home is the exceptional access to the backyard and covered patio. There are four separate entrances and exits connecting the home and garage areas to the backyard/patio: one from the kitchen, one from the main bedroom, one from the garage, and one from the garage storage area. This unique layout makes the backyard extremely accessible and is ideal for entertaining, outdoor living, or simply enjoying the space. The oversized 3-car garage offers much more than parking. It includes two separate enclosed storage rooms, a dedicated recessed area designed for a freezer, and an additional workspace area. The garage has also been refreshed with newly painted epoxy flooring for a clean, finished appearance. Both the front and back yards have recently been seeded with fresh fescue, giving the new lawn an opportunity to establish and fill in beautifully. Additional updates and features include new fixtures, a water heater and HVAC system within approximately the last five years, and a new roof.

Investor Tools

$0Estimated Mortgage Balance
$411,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,466 /month
Positive
Cash Flow Estimate:
$822 /month

Interested in this property?

Rex Andrews

Keller Williams Realty

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$303/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,582
$320,565
2025
$36,624
$283,941
$320,565
No

Tax History

Year
Tax Paid
Assessed Value
2025
$1,582
$320,565

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$411,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,440/mo
N/A
+$1,440/mo
4.2%

City: Lubbock

8701 Richmond Ave | Property Details | No Agent List