tomo logo

$119,800

Beds
3
Baths
2.5
sq ft
2,000

12044 Cotton Cloud Way, El Paso, TX 79927

12044 Cotton Cloud Way

Socorro, TX 79927

  • 27 days on market
    • Price drop $100↓
Foreclosured construction project, already permitted and started, but needs a new builder or owner to take over and finish project. Lender is willing to finance remainder of the project or sell at current list price. Very interesting project for someone looking an investment or build your own home as you like. Current lender has floor plans.

Details

Property type

Single Family Residence

Est. home value

$338,344

Lot size

9,290 sq ft

Price per sq ft

$60

Year built

2024

Annual property taxes

$667

Price History

10/29/2024
ElPaso

ElPaso #910384

Price change
$119,800
-0.08%
10/19/2024
ElPaso

ElPaso #910384

Price change
$119,900
-0.08%
10/10/2024
ElPaso

ElPaso #910384

Listed
$120,000

Schools & Community

Elementary school: 

Surratt

Middle school: 

Clint

High school: 

Clint

High school district: 

Clint

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Pennloma Llc

Loan start date

November 2023

Original loan amount

$215,772

Est. remaining balance

Not provided

Interest rate

Not provided

Loan type

Building or Construction Loan

Seller

Mesa Verde Custom Homes Llc

Lender

Federal Acceptance Corp

Loan start date

May 2023

Original loan amount

$51,000

Est. remaining balance

Not provided

Interest rate

6.32%

Loan type

Purchase Money Mortgage

Seller

Mesa Verde Custom Homes 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?

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Status: Active

Tomo last checked: 11/06/2024 at 5:25 AM

Listing updated: 10/29/2024 at 5:10 PM

Listed by: George A Van, V Realty Phone #: (915) 496-7661

MLS: ElPaso #910384

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