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$11,250,000

Beds
4
Baths
6.0
sq ft
9,863

1 Longfellow Ln, Houston, TX 77005

1 Longfellow Ln

Houston, TX 77005

  • 135 days on market
Architecturally significant 4/5++ Mediterranean Revival Style home on 2+ acres in the private gated neighborhood of Shadyside. Designed in 1926 by William Ward Watkin for hardware magnate F.A. Heitman, this important home has undergone a recent restoration and expansion by the current owners. The owners retained architect Rudy Colby of Colby Design for the renovation and design of a seamless 1,200+ sq.ft. addition and the Office of James Burnett (OJB) for the landscape design. 2021 “Good Brick Award” by Preservation Houston. Along with rich historical details, this home features stunning kitchen/baths, sumptuous primary suite, impressive landscaped grounds/pool/tennis/motor ct/ 2 car porte-cochere, “Artist Cottage”, elevator (basement to 2nd floor), 3 car Carriage House with apartments above and below. In the heart of Houston’s bustling Museum District with proximity to Downtown, the Med Center, and the Rice University trail this is one of Houston’s most distinguished residences.

Details

Property type

Single Family Residence

Est. home value

$10,815,628

Lot size

2.05 acres

Price per sq ft

$1,141

Year built

1926

Annual property taxes

$111,239

Monthly HOA fee

$703.33

Price History

02/21/2024
Houston

Houston #50974012

Listed
$11,250,000
01/04/2024
Houston

Houston #20738448

Removed
10/11/2023
Houston

Houston #20738448

Listed
$11,500,000

Schools & Community

Neighborhood: 

University Place

Elementary school: 

POE ELEMENTARY SCHOOL

Middle school: 

LANIER MIDDLE SCHOOL

High school: 

LAMAR HIGH SCHOOL (HOUSTON)

School district: 

Houston

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

$8,336,202
Asking price
$11,250,000
Closing costs (~8% of asking)
-$900,000
Est. remaining loan balance
-$2,013,798
Cash to seller
$8,336,202

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

Seller’s Loan History

Lender

Wells Fargo Bank Na

Loan start date

May 2015

Original loan amount

$2,500,000

Est. remaining balance

$2,013,798

Interest rate

3.78%

Loan type

New Conventional, 30 year

Seller

Kenneth And Cara Moczulski Living Trust and Cara O Moczulski

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: 07/06/2024 at 12:00 AM

Listing updated: 04/23/2024 at 12:07 PM

Listed by: Victoria Minton, Martha Turner Sotheby's International Realty Phone #: (713) 520-1981

MLS: Houston #50974012

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