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$420,000

Beds
3
Baths
1.0
sq ft
991

1201 Cordell St, Houston, TX 77009

1201 Cordell St

Houston, TX 77009

  • 120 days on market
Traditional bungalow and garage apartment located on the NW corner of Cordell & Mathis Street in the Houston Heights. The lot features 50' frontage on Cordell and is 100' deep, bordering Mathis. The garage apartment is in better condition than the main house, offering a great opportunity for a seasoned investor familiar with the area and the renovation of early to mid-1900s construction. This desirable area features renovated and new homes selling in the mid $500s to over $1 million. The apartment has access from Mathis St., and the main home from Cordell St. With a little imagination and experience, this property has the potential for a great return on investment.

Details

Property type

Single Family Residence

Est. home value

$407,116

Lot size

5,001 sq ft

Price per sq ft

$424

Year built

1940

Annual property taxes

$7,287

Price History

06/06/2024
Houston

Houston #21601534

Listed
$420,000

Schools & Community

Neighborhood: 

Greater Heights

Elementary school: 

BROWNING ELEMENTARY SCHOOL

Middle school: 

HOGG MIDDLE SCHOOL (HOUSTON)

High school: 

HEIGHTS HIGH SCHOOL

School district: 

Houston

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

$314,402
Asking price
$420,000
Closing costs (~8% of asking)
-$33,600
Est. remaining loan balance
-$71,998
Cash to seller
$314,402

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

Seller’s Loan History

Lender

Closinghouse.Com Inc

Loan start date

May 2007

Original loan amount

$112,000

Est. remaining balance

$71,998

Interest rate

6.17%

Loan type

Not Provided, 30 year

Seller

Juan Ramon Torres and Ofelia Torres

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: 10/05/2024 at 10:30 AM

Listing updated: 08/13/2024 at 9:32 AM

Listed by: Carlos Izquierdo, Bayou City Living Phone #: (281) 310-5566

MLS: Houston #21601534

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