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$299,000

Beds
5
Baths
2.5
sq ft
2,576

116 S Cypress St, Luling, TX 78648

116 S Cypress St

Luling, TX 78648

  • 17 days on market
This is a unique opportunity to own a partially renovated property with immense potential! Built in 1940, this charming four-sided brick home is under construction, with all necessary materials ready for completion. Currently designed with 4 bedrooms and 2 bathrooms on the main floor, this home offers flexibility to suit your needs. Key Features: Main Floor Layout: Spacious living areas with 4 bedrooms and 2 bathrooms. Second Floor Potential: Accessible by a rear iron staircase, the second floor can be finished as a 1-bedroom apartment with a kitchen, living room, and bathroom. Alternatively, it can be connected to the main floor by adding an iron circular staircase, creating an expansive additional bedroom with a separate entrance. Duplex Option: Convert the property into a duplex for investment or multi-family living. Additional Highlights: Utility Ready: Equipped with City water and sewer. Storage: Includes a bodega for storage needs. Spacious Yard: Perfect for outdoor activities or future landscaping. Prime Location: Situated on a corner lot, just one block from the main supermarket and warehouse. Located in a friendly town with amenities nearby. Construction Permits Approved: All permits for construction are already in place, streamlining the process for finishing the home. The owner is offering financing options, making this property even more accessible. Don’t miss out on this incredible opportunity to customize and complete your dream home or income property for just $299,000!

Details

Property type

Single Family Residence

Est. home value

$283,174

Property condition

Updated/Remodeled

Lot size

7,348.57 sq ft

Price per sq ft

$117

Year built

1940

Annual property taxes

$3,658.64

HOA

No

Price History

12/06/2024
Austin

Austin #4409816

Listed
$299,000
07/02/2024
Austin

Austin #5028212

Removed
07/01/2024
Austin

Austin #5028212

Listed
$265,000

Schools & Community

Elementary school: 

Luling Primary

Middle school: 

Luling

High school: 

Luling

High school district: 

Luling 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

$198,683
Asking price
$299,000
Closing costs (~8% of asking)
-$23,920
Est. remaining loan balance
-$76,397
Cash to seller
$198,683

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

Seller’s Loan History

Lender

Texas 30 Llc

Loan start date

April 2014

Original loan amount

$98,000

Est. remaining balance

$76,397

Interest rate

4.33%

Loan type

New Conventional, 30 year

Seller

Rene R Mendiola

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: 12/23/2024 at 7:05 PM

Listing updated: 12/18/2024 at 4:47 PM

Listed by: Aura Collins, Safeco, REALTORS Phone #: (469) 207-1043

MLS: Austin #4409816

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