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$229,000

Beds
3
Baths
2.0
sq ft
1,547

11207 Bayou Place Dr, Houston, TX 77099

11207 Bayou Place Dr

Houston, TX 77099

  • 58 days on market
    • Price drop $2,000↓
INVESTORS ONLY!!! Welcome to 11207 Bayou Place Dr, your cozy retreat in a peaceful neighborhood! This charming home boasts spacious bedrooms and recent updates to the floor, ensuring comfort and style. The park and school are just minutes away, meaning that outdoor recreation and education are at your doorstep. Whether you are unwinding in the spacious interior or exploring the vibrant surroundings, 11207 Bayou Place Dr offers the perfect blend of comfort and convenience for modern living. With proximity to Hwy 59 and Beltway 8, residents enjoy easy access to shopping, dining, and business venues. The home is currently TENANT OCCUPIED and PERFECT FOR INVESTORS. Schedule your showing TODAY! The previous Inspection Report is available. NEW ROOF AND UPDATED SIDING MATERIAL! LEASED THRU MARCH 2025.

Details

Property type

Single Family Residence

Est. home value

$226,763

Lot size

Unknown

Price per sq ft

$149

Year built

1982

Monthly HOA fee

$29.17

Price History

11/07/2024
Houston

Houston #53447208

Price change
$229,000
09/11/2024
Houston

Houston #51570203

Removed
09/11/2024
Houston

Houston #53447208

Listed
$231,000

Schools & Community

Neighborhood: 

Alief

Elementary school: 

SMITH ELEMENTARY SCHOOL (ALIEF)

Middle school: 

OLLE MIDDLE SCHOOL

High school: 

AISD DRAW

School district: 

Alief

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

$203,034
Asking price
$229,000
Closing costs (~8% of asking)
-$18,320
Est. remaining loan balance
-$7,646
Cash to seller
$203,034

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

Seller’s Loan History

Lender

Matrix Capital Mtg Corp

Loan start date

July 1996

Original loan amount

$53,200

Est. remaining balance

$7,646

Interest rate

8.03%

Loan type

Not Provided, 30 year

Seller

Daniel Pappan Jr and Sunitha Pappan

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?

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Status: Active

Tomo last checked: 11/08/2024 at 10:00 AM

Listing updated: 11/07/2024 at 3:33 PM

Listed by: Jincy Jose, Land & Luxe Realty Phone #: (281) 674-5555

MLS: Houston #53447208

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