tomo logo

$775,000

Beds
8
Baths
6.0
sq ft
4,708

112 N Quincy Ave, Lubbock, TX 79416

112 N Quincy Ave

Lubbock, TX 79416

  • 126 days on market
    • Price drop $20,000↓
Seller is highly motivated to move and will consider looking at any and all offers. The back house is currently generating rental income as a 5 bedroom mid-term rental. Each back house room rents for $800 per month. All rooms are rented through March 2025 and they can move sooner with a 30 day notice. Sitting on an acre of land, this resort style property has every amenity you could dream of. Terra Estates North is a small neighborhood outside the city limits with a huge community feel. Fourth of July parades and fireworks, fall festivities, holiday get togethers and many more activities make this neighborhood desirable for all! No city taxes. Make an appointment to take a tour today!

Details

Property type

Single Family Residence

Est. home value

$581,854

Lot size

0.9642 acres

Price per sq ft

$165

Year built

1994

Annual property taxes

$4,583

Price History

11/25/2024
Lubbock

Lubbock #202411886

Price change
$775,000
-2.52%
09/30/2024
Lubbock

Lubbock #202411886

Price change
$795,000
-0.63%
08/18/2024
Lubbock

Lubbock #202411886

Listed
$800,000

Schools & Community

Elementary school: 

Legacy

Middle school: 

Terra Vista

High school: 

Frenship

School district: 

Frenship 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

$219,587
Asking price
$775,000
Closing costs (~8% of asking)
-$62,000
Est. remaining loan balance
-$493,413
Cash to seller
$219,587

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

Seller’s Loan History

Lender

Calcon Mutual Mortgage Llc Dba Onetrust

Loan start date

February 2022

Original loan amount

$523,200

Est. remaining balance

$493,413

Interest rate

3.22%

Loan type

New Conventional, 30 year

Seller

Danielle Tillman and Richard Tillman

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?

Similar Homes Nearby

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$685,000
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3219 Upland Ave, Lubbock, TX 79407

Status: Active

Tomo last checked: 12/22/2024 at 10:35 AM

Listing updated: 11/25/2024 at 4:21 PM

Listed by: Tiffany Cook, Lubbock Select Realty

MLS: Lubbock #202411886

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