Seller's Agent in 2025
Felicia Estrada
Keller Williams Realty
(210) 274-1825
1 in this area
63 Total Sales
Last list price
4204 40th St Lubbock, TX 79413
Maedgen Area (MANA) Neighborhood
5
Beds
3
Baths
4,248
Sq Ft
0.37
Acres
Highlights
- Traditional Architecture
- 2 Fireplaces
- Central Heating and Cooling System
- Hutchinson Middle School Rated A-
- Fenced Yard
About This Home
As of September 2025**4,200+ SF Income Property — Priced $61K Below Tax Value**
Turn-key cash flow with an established, long-term business tenant (sober living facility) already in place and renting at the true 1% rule. Tenants have expressed a desire to remain and continue renewing, offering dependable, contracted income from Day 1. Three thoughtful additions expand the original footprint to over 4,200 sq ft, creating flexible spaces ideal for a home-based business or versatile live-work layout (buyer to verify permitted uses). Inside and out, you'll find ample storage, plus multiple over-sized rooms that function as offices, meeting areas, or secondary living spaces. The brick exterior and practical design support low-maintenance ownership, while the significant discount—$61,000 under tax value—adds built-in equity and room for future improvements.
Showings by appointment with appropriate notice to respect the occupants. If you're an investor seeking steady returns with a unique, high-square-footage asset, this one checks the boxes.
Last Agent to Sell the Property
Keller Williams Realty License #0673783 Listed on: 08/25/2025
Home Details
Home Type
- Single Family
Year Built
- Built in 1953
Lot Details
- 0.37 Acre Lot
- Fenced Yard
Parking
- Driveway
Home Design
- Traditional Architecture
- Brick Exterior Construction
- Slab Foundation
- Composition Roof
Interior Spaces
- 4,248 Sq Ft Home
- 2 Fireplaces
Bedrooms and Bathrooms
- 5 Bedrooms
- 3 Full Bathrooms
Utilities
- Central Heating and Cooling System
Listing and Financial Details
- Assessor Parcel Number R118321
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Nov 25, 2025
Sold by
Redfrogs Real Estate Llc
Bought by
Rf6
Current Estimated Value
Purchase Details
Listed on
Aug 25, 2025
Closed on
Sep 18, 2025
Sold by
Flippin Joy Llc
Bought by
Red Frogs Llc
Seller's Agent
Felicia Estrada
Keller Williams Realty
Buyer's Agent
Chris Carter
The 32:18 Management Group
List Price
$255,000
Views
16
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.82%
Purchase Details
Closed on
May 2, 2022
Sold by
Johnson Steven
Bought by
Flippin Joy Llc
Purchase Details
Closed on
Jul 26, 2018
Sold by
Sharp Jonathan L and Sharp Kari
Bought by
Flippin Joy Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$168,725
Interest Rate
4.5%
Mortgage Type
Commercial
Purchase Details
Closed on
May 23, 2013
Sold by
Brenneis Jill and Hignight Jill
Bought by
Sharp Jonathan L
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$127,800
Interest Rate
3.45%
Mortgage Type
New Conventional
Purchase Details
Closed on
Dec 16, 2011
Sold by
Hignight Jason W and Hignight Jill A
Bought by
Sharp Jonathan L
Purchase Details
Closed on
Feb 26, 2010
Sold by
The Texas District Agency Llc
Bought by
Lasalle Bank National Association
Purchase Details
Closed on
Jul 13, 2009
Sold by
Bank Of America National Association
Bought by
Hignight Jason W and Hignight Jill A
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
5.31%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Dec 2, 2008
Sold by
Reyna Francisco and Reyna Diana
Bought by
Lasalle Bank National Association
Purchase Details
Closed on
Sep 4, 2008
Sold by
Reyna Francisco
Bought by
The Texas District Agency Llc
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | -- | None Listed On Document | |
| Warranty Deed | -- | None Listed On Document | |
| Deed In Lieu Of Foreclosure | -- | -- | |
| Vendors Lien | -- | None Available | |
| Vendors Lien | -- | Service Title | |
| Deed | -- | -- | |
| Deed | -- | Stewart Title Company | |
| Vendors Lien | -- | Service Title Company | |
| Trustee Deed | $103,750 | None Available | |
| Warranty Deed | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $168,725 | Commercial | |
| Previous Owner | $127,800 | New Conventional | |
| Previous Owner | $100,000 | Purchase Money Mortgage |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 09/11/2025 09/11/25 | Sold | -- | -- | -- |
| 09/01/2025 09/01/25 | Pending | -- | -- | -- |
| 08/25/2025 08/25/25 | For Sale | $255,000 | -- | $60 / Sq Ft |
Source: Lubbock Association of REALTORS®
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $5,350 | $316,947 | $35,000 | $281,947 |
| 2024 | $5,350 | $294,595 | $35,000 | $259,595 |
| 2023 | $6,062 | $326,133 | $24,975 | $301,158 |
| 2022 | $6,383 | $315,312 | $24,975 | $290,337 |
| 2021 | $5,276 | $246,344 | $24,975 | $221,369 |
| 2020 | $5,357 | $246,344 | $24,975 | $221,369 |
| 2019 | $4,966 | $221,225 | $24,975 | $196,250 |
| 2018 | $4,395 | $195,531 | $24,975 | $170,556 |
| 2017 | $4,077 | $181,131 | $24,975 | $156,156 |
| 2016 | $3,873 | $172,055 | $24,975 | $147,080 |
| 2015 | $3,203 | $160,996 | $24,975 | $136,021 |
| 2014 | $3,203 | $144,061 | $10,800 | $133,261 |
Source: Public Records
Agents Affiliated with this Home
-
Felicia Estrada
-
Chris Carter
C
Buyer's Agent in 2025
Chris Carter
The 32:18 Management Group
(806) 500-5599
1 in this area
6 Total Sales
Map
Source: Lubbock Association of REALTORS®
MLS Number: 202559560
APN: R118321
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