tomo logo

$700,000

Beds
3
Baths
3.5
sq ft
2,830

5013 120th St, Lubbock, TX 79424

5013 120th St

Lubbock, TX 79424

  • 1 day on market
Nestled in Oakmont Estates, one of Lubbock's most prestigious and desirable neighborhoods, this stunning garden home offers luxury, convenience, and elegance for $700,000—a rare opportunity in this market. Featuring 3 bedrooms, 3.5 bathrooms, and a spacious 3-car garage, this home is designed for both comfort and sophistication. Vaulted ceilings create an open, airy feel, while the huge master suite boasts an insane walk-in closet and a spa-like master bath for the ultimate retreat. Step outside to your private backyard oasis, complete with a beautiful pool—a rare find for garden homes in Oakmont. Plus, with ample parking, you'll have plenty of space for guests. Opportunities like this don't come around often! Experience luxury living in a prime location—schedule your private showing today!

Details

Property type

Single Family Residence

Est. home value

$696,634

Lot size

7,541 sq ft

Price per sq ft

$248

Year built

2019

Annual property taxes

$13,850

Monthly HOA fee

$38.33

Price History

02/21/2025
Lubbock

Lubbock #202550754

Listed
$700,000
01/28/2025
Lubbock

Lubbock #201904083

Removed
08/12/2021
Lubbock

Lubbock #202106134

Removed

Schools & Community

Elementary school: 

Lubbock-Cooper Central

Middle school: 

Lubbock-Cooper Bush

High school: 

Liberty High School

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$137,231
Asking price
$700,000
Closing costs (~8% of asking)
-$56,000
Est. remaining loan balance
-$506,769
Cash to seller
$137,231

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Texas Tech Fcu

Loan start date

August 2021

Original loan amount

$548,250

Est. remaining balance

$506,769

Interest rate

3.02%

Loan type

New Conventional, 30 year

Seller

Michael Robert Wallace

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 02/22/2025 at 5:20 AM

Listing updated: 02/21/2025 at 12:17 PM

Listed by: Houston Garrett, Keller Williams Realty Phone #: (806) 771-7710

MLS: Lubbock #202550754

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