1802 38th St, Lubbock, TX, 79412

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1802 38th St, Lubbock$85,000

Buyer Closing Credits

$1,009^*

1.25% Loan Amount

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1 (855) 200-2001

Property Highlights

Home TypeDuplex

Year Built1943

HeatingCentral, Natural Gas

CoolingCentral Air

MLS #202416555

Lot Size0.15 Acres

StatusActive

About 1802 38th St

Attention Investors: Instant Cash Flowing Duplex! Far surpasses the 1% rule Calling all investors and contractors! This 2 bedroom, 2 bathroom duplex is ready for its next owner! Located minutes from Texas Tech and quick access to the interstate. The best part is its already occupied for $1150 per month! Talk about CASH FLOW day 1! Key Features: Updated Electrical Updated Water Heater Off Street parking 2 car garage Private Backyards! Sold as-is, offering a blank canvas for your creative vision Perfect project for Investors or DIY enthusiasts Investor special with immense profit potential ($25,000 gross margins) Ideal for landlords looking to expand their portfolio. This home has great potential as a rental property at $1200-1400 per month market rent. Currently occupied until early next year! Cash or Hard money loan only.

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Property Details

Property Features

Property Information:

• Year Built: 1943
• Living Area: 1,128 SqFt

Listing Office:

• Office Name: Lubbock Discount Realty
• Office Phone: (850) 997-4714
• Listing Agent: Stephen Bearden

Interior Features

Bedroom and Bathroom Information:

• Full Bathrooms: 2
• Total Bedroom Count: 2

Lot Features

Lot Information:

• Lot Size: 0.15 Acres

Utilities

Utilities Information:

• Heating: Central, Natural Gas
• Cooling: Central Air

Price Information

Listing Price Info

Price Summary:

• List Price: $85,000
• Price Per SqFt: $75/SqFt

Tax Information:

• Annual Amount: $1,159
• Tax Year: 2020

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Housing Market Comparison

See how this home compares to others in Lubbock, TX.

Lubbock, TX

City

Med. Sold Price

$285K

Med. Price/SqFt

$135

Avg. Days On Market

56

# of Sold Homes

244

1802 38th St vs Lubbock

12 DAYS ON ROCKET

-44 Days

$85,000

-$200K Less

$75/SqFt

-$61 Less

KEY TAKEAWAY

This property is $200K less than the Median Sold Price and $61/SqFt less than other homes in Lubbock, TX.

Based on homes sold in November 2024

MLS Details

MLS Information:

• MLS Name: Lubbock
• MLS Number: #202416555

Listing Office:

• Office Name: Lubbock Discount Realty
• Office Phone: (850) 997-4714
• Listing Agent: Stephen Bearden

Copyright © 2024 Lubbock Association of REALTORS®. All rights reserved.

IDX information is provided exclusively for consumers’ personal, noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information should be deemed reliable but not guaranteed, all representations are approximate, and individual verification is recommended.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.


Texas Real Estate Commission Consumer Protection Notice

Texas Real Estate Commission Information About Brokerage Service

Last updated on: 12/22/2024, 12:16:06 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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Property Sales & Tax

Tax History

YEAR	PROP. TAX	ASSESSMENT
2020	$1,159	$54,112
2019	$1,340	$61,665
2018	$1,384	$61,665
2017	$1,018	$45,227

History based on county public records data.

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**Disclosures

Rocket Homes›Texas›Lubbock County›Lubbock›79412›1802 38th St

This home is located at 1802 38th St in Lubbock, TX and zip code 79412 in the Clapp Park neighborhood. This 1,128 square foot home, which was built in 1943, sits on a 0.15 acre lot. Features: 2 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since December 09, 2024 and is currently priced at $85,000.

In November 2024 more than 0 listings in Lubbock, TX were sold above the asking price. During the same period more than 1 listings were sold at asking price, while more than 0 were sold below. The inventory of homes for sale in Lubbock, TX between October 2024 and November 2024 increased by 4.3%. In November 2024, listings were on the market for 56 days. During the same period, the median list price in this real estate market was $285,000.

From Rocket Homes Real Estate and based on county public records data.