For sale

$120,000

2002 31st St, Lubbock, TX 79411

3beds

1,458sqft

$973/mo

Get pre-qualified

Single Family Residence, Residential

Built in 1941

6,969 Square Feet Lot

$115,900 Zestimate^®

$82/sqft

$-- HOA

What's special

Calling all Investors looking for the coveted 1% rule! This home is the perfect addition to your portfolio, or a great one to pick up as your first investment property. Seller is willing to carry a portion of the note! This property is professionally managed and the lease goes until 8/2027 at $1200/mo making this a cash cow! If you're looking for a turn-key investment with potential ARV opportunity with a back efficiency apartment ready to renovate, this is the one for you.

16 days
184
13

Likely to sell faster than

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 3
Bathrooms: 2
Full bathrooms: 1
1/2 bathrooms: 1

Heating

Central

Cooling

Central Air

Appliances

Included: Electric Cooktop, Oven
Laundry: Electric Dryer Hookup, Washer Hookup

Features

Ceiling Fan(s), Granite Counters, Pantry
Flooring: Laminate
Windows: Blinds
Has fireplace: No

Interior area

Total structure area: 1,458
Total interior livable area: 1,458 sqft
Finished area above ground: 1,458

Property

Parking

Total spaces: 2
Parking features: Carport, Driveway
Carport spaces: 2
Has uncovered spaces: Yes

Features

Patio & porch: Covered, Front Porch
Exterior features: Storage
Fencing: Fenced,Wood

Lot

Size: 6,969 Square Feet
Features: Corner Lot

Details

Parcel number: R113406

Construction

Type & style

Home type: SingleFamily
Property subtype: Single Family Residence, Residential

Materials

Stone
Foundation: Pillar/Post/Pier
Roof: Composition

Condition

New construction: No
Year built: 1941

Community & HOA

Community

Security: None

Location

Region: Lubbock

Financial & listing details

Price per square foot: $82/sqft
Tax assessed value: $133,188
Annual tax amount: $2,357
Date on market: 9/16/2026
Cumulative days on market: 51 days
Listing terms: Cash,Conventional,FHA,Owner May Carry,Owner Will Carry,VA Loan
Road surface type: Paved

Estimated market value

$115,900

$109,000 - $122,000

$1,313/mo

Price history

Date	Event	Price
9/16/2026	Listed for sale	$120,000-3.2%$82/sqft
Source: LBMLS #202612868 Report a problem
9/15/2026	Listing removed	$124,000$85/sqft
Source: LBMLS #202611198 Report a problem
9/1/2026	Price change	$124,000-3.9%$85/sqft
Source: LBMLS #202611198 Report a problem
8/14/2026	Listing removed	$1,200$1/sqft
Source: Zillow Rentals Report a problem
8/11/2026	Listed for sale	$129,000$88/sqft
Source: LBMLS #202611198 Report a problem
6/9/2026	Price change	$1,200+4.3%$1/sqft
Source: Zillow Rentals Report a problem
6/3/2026	Listed for rent	$1,150+15.6%$1/sqft
Source: Zillow Rentals Report a problem
5/18/2022	Sold	--
Source: Agent Provided Report a problem
5/18/2018	Listing removed	$995$1/sqft
Source: Meridian Ventures Report a problem
5/8/2018	Price change	$995-9.5%$1/sqft
Source: Meridian Ventures Report a problem
1/30/2018	Listed for rent	$1,100$1/sqft
Source: Zillow Rental Manager Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$2,357 -2.6%	$133,188
2024	$2,419 -6.8%	$133,188 -4.6%
2023	$2,596 -13%	$139,680 -5.3%
2022	$2,985 +27.1%	$147,456 +33.5%
2021	$2,349 -2%	$110,419 -1.3%
2020	$2,397 +13.8%	$111,929 +15.6%
2019	$2,106 +17.7%	$96,842 -3.7%
2018	$1,789	$100,614 +7.8%
2017	$1,789 +9.8%	$93,311 +5.1%
2016	$1,629	$88,786 +2.9%
2015	$1,629	$86,315 +5.8%
2014	$1,629	$81,576
2013	--	$81,576
2012	--	$81,576
2011	--	$81,576
2010	--	$81,576
2009	--	$81,576 +6.2%
2008	--	$76,838 +9.4%
2007	--	$70,267 +10%
2006	--	$63,879 +10%
2005	--	$58,072 +10%
2004	--	$52,793 -5.1%
2003	--	$55,641 +27.5%
2002	$325 -5.1%	$43,631 -4.7%
2001	$342 +7.2%	$45,781 +4.1%
2000	$319	$43,990