tomo logo

$400,000

Beds
2
Baths
3.0
sq ft
1,288

1120 Galveston Ave Unit 2, Fort Worth, TX 76104

1120 Galveston Ave Unit 2

Fort Worth, TX 76104

  • 30 days on market
**PERFECT FOR OWNER OCCUPIED OR INVESTORS (ZONED FOR SHORT TERM RENTALS)** Units 1-5 are for sale Individually or can be purchased as a whole . OPEN HOUSE SATURDAY APRIL 27TH 1-4PM Discover the allure of this 3-story townhome nestled in Fort Worth's vibrant Magnolia District, catering perfectly to first-time homebuyers and savvy investors alike. Boasting 2 bedrooms, 2.5 baths, and a convenient 2-car garage. What sets this property apart is its commercial zoning, presenting an exciting opportunity for short-term rental and Airbnb ventures, making it a lucrative investment choice. Step outside and immerse yourself in the eclectic charm of the Magnolia District, with its array of shops, eateries, and entertainment options just a leisurely stroll away. Whether you're seeking a cozy abode to call your own or eyeing a promising investment opportunity, this townhome ticks all the boxes. Embrace the lifestyle of convenience and potential, and make this property yours today!

Details

Property type

Condominium

Est. home value

$342,621

Lot size

1,288 sq ft

Price per sq ft

$311

Year built

2021

Monthly HOA fee

$300

Price History

07/26/2024
NTREIS

NTREIS #20598503

Removed
07/26/2024
NTREIS

NTREIS #20685669

Listed
$400,000
07/08/2024
NTREIS

NTREIS #20598503

Price change
$400,000
-3.61%

Schools & Community

Elementary school: 

De Zavala

Middle school: 

Morningsid

High school: 

Southwest

School district: 

Fort Worth 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

$135,853
Asking price
$400,000
Closing costs (~8% of asking)
-$32,000
Est. remaining loan balance
-$232,147
Cash to seller
$135,853

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

Seller’s Loan History

Lender

Greenback Funding Inc

Loan start date

February 2022

Original loan amount

$245,000

Est. remaining balance

$232,147

Interest rate

3.11%

Loan type

Not Provided, 30 year

Seller

Testament Real Estate Llc

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: 08/26/2024 at 7:20 AM

Listing updated: 07/26/2024 at 7:14 PM

Listed by: Shayan Ahmadi, Worth Clark Realty Phone #: (800) 991-6092

MLS: NTREIS #20685669

NTREIS logo

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