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$500,000

Beds
6
Baths
5.0
sq ft
3,255

1002 River Oak Dr, Seguin, TX 78155

1002 River Oak Dr

Seguin, TX 78155

  • 3 days on market
Unlock the limitless potential of this unique Seguin property! Close to the Guadalupe River with a private neighborhood boat ramp a 2 minute drive away~ yet not in the flood plain! Situated on a sprawling 1.18-acre lot, this fixer-upper presents an exceptional opportunity for investors or those seeking a multi-family living arrangement. This property includes a 4-bedroom, 3-bathroom main house, offering ample space for a family or renovation project. Additionally, a separate 2-bedroom, 1-bathroom apartment located above the garage provides excellent potential for rental income or guest accommodations. Key features include: Expansive Lot: Three lots combined for a total of 1.18 acres, offering room for expansion or additional development. There is room to build at least one more home. Multi-Family Potential: The separate apartment over the garage provides flexibility and income potential. Prime Location: Conveniently located close to downtown Seguin, IH-10, and Highway 46, providing easy access to New Braunfels/Gruene Historic District and San Antonio. No HOA: Enjoy the freedom and flexibility of no homeowners association restrictions. Endless Possibilities: This property is a blank canvas, ready for your creative vision and renovation expertise. This is an ideal opportunity for those looking to invest in a property with significant upside potential. Whether you're a seasoned investor or a homeowner looking to create your dream estate, this property offers the space and location you need. Don't miss out on this rare opportunity! Schedule a showing today and explore the endless possibilities this property has to offer."

Details

Property type

Apartment

Est. home value

$456,129

Lot size

1.18 acres

Price per sq ft

$154

Year built

1978

Annual property taxes

$7,265

HOA

No

Price History

03/28/2025
CentralTexas

CentralTexas #574486

Listed
$500,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

High school district: 

Seguin ISD

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

$315,752
Asking price
$500,000
Closing costs (~8% of asking)
-$40,000
Est. remaining loan balance
-$144,248
Cash to seller
$315,752

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

Seller’s Loan History

Lender

Fairway Independent Mortgage Corp

Loan start date

November 2019

Original loan amount

$162,000

Est. remaining balance

$144,248

Interest rate

3.56%

Loan type

New Conventional, 30 year

Seller

Nicholas Alan Billings and Travis Jordan Pescatello

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: 04/01/2025 at 2:50 AM

Listing updated: 03/28/2025 at 7:55 PM

Listed by: Penny Billeaudeaux, Penny B Properties Phone #: (210) 639-7048

MLS: CentralTexas #574486

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