Ruth Reed
Our House Real Estate, LLC
(830) 356-4495
46 Total Sales
1 in Maedgen Area (MANA)
$155,000 Price
4204 40th St Lubbock, TX 79413
Maedgen Area (MANA) NeighborhoodEstimated Value: $246,000 - $386,646
5
Beds
3
Baths
4,248
Sq Ft
$72/Sq Ft
Est. Value
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
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Home Details
Home Type
- Single Family
Year Built
- Built in 1953
Lot Details
- 15,906 Sq Ft 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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Nov 25, 2025
Sold by
Bought by
Current Estimated Value
Purchase Details
Listed on
Aug 25, 2025
Closed on
Sep 18, 2025
Sold by
Bought by
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
25.04%
Purchase Details
Closed on
May 2, 2022
Sold by
Bought by
Purchase Details
Closed on
Jul 26, 2018
Sold by
Bought by
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
Bought by
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
Bought by
Purchase Details
Closed on
Feb 26, 2010
Sold by
Bought by
Purchase Details
Closed on
Jul 13, 2009
Sold by
Bought by
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
Bought by
Purchase Details
Closed on
Sep 4, 2008
Sold by
Bought by
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Maedgen Area (MANA), TX
-
Ruth Reed
-
D'dee Fowler
D'dee Fowler
Keller Williams Realty Allen
(817) 952-6882
95 Total Sales
1 in Maedgen Area (MANA)
$215,000 Price
-
Michael Norsworthy
Michael Norsworthy
eXp Realty LLC
(469) 615-3281
101 Total Sales
2 in Maedgen Area (MANA)
$175K - $200K Price Range
-
Jessica Reynolds
Jessica Reynolds
eXp Realty LLC
(806) 375-4867
130 Total Sales
2 in Maedgen Area (MANA)
$180K - $185K Price Range
-
Wendy Jones
Wendy Jones
Keller Williams Realty
(806) 451-3468
130 Total Sales
2 in Maedgen Area (MANA)
$114K - $298K Price Range
-
Ann Kearney
Ann Kearney
Century 21 Kearney & Associate
(806) 853-6396
95 Total Sales
2 in Maedgen Area (MANA)
$125K - $192K Price Range
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| -- | None Listed On Document | ||
| -- | None Listed On Document | ||
| -- | -- | ||
| -- | None Available | ||
| -- | Service Title | ||
| -- | -- | ||
| -- | Stewart Title Company | ||
| -- | Service Title Company | ||
| $103,750 | None Available | ||
| -- | None Available |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | $168,725 | ||
| Previous Owner | $127,800 | ||
| Previous Owner | $100,000 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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
Seller's Agent in 2025
Felicia Estrada
Keller Williams Realty
(210) 274-1825
1 in this area
74 Total Sales
-
Chris Carter
C
Buyer's Agent in 2025
Chris Carter
The 32:18 Management Group
(806) 500-5599
1 in this area
8 Total Sales
Map
Source: Lubbock Association of REALTORS®
MLS Number: 202559560
APN: R118321
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Information is deemed reliable but not guaranteed.
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