tomo logo

$550,000

Beds
5
Baths
3.0
sq ft
3,227

12505 Elgin Ave, Lubbock, TX 79423

12505 Elgin Ave

Lubbock, TX 79423

  • 121 days on market
    • Price drop $5,000↓
Welcome to this stunning 5-bedroom, 3-bathroom home situated on a half-acre lot in Bella Mia Estates. As you enter, you'll be greeted by a bright, open floor plan, featuring a large living area that flows into the kitchen equipped with stainless steel appliances, ample cabinetry, and a breakfast bar. The home also includes a versatile flex space that can be used as an office, playroom, or additional living area. The spacious, isolated master suite is complete with his and her walk-in closets and soaking tub. Four additional bedrooms provide plenty of space for family and guests, each offering comfort and privacy. Step outside to discover an entertainer's dream. The backyard features an outdoor kitchen perfect for hosting barbecues or enjoying quiet evenings outdoors. The irrigation is on a well, green thumbs will appreciate the greenhouse while golf enthusiasts will love the dedicated golf simulator bay. The Don't miss the opportunity to own this one-of-a-kind home!

Details

Property type

Single Family Residence

Est. home value

$508,275

Lot size

0.5004 acres

Price per sq ft

$171

Year built

2016

Annual property taxes

$8,425

Price History

11/12/2024
Lubbock

Lubbock #202412201

Price change
$550,000
-0.9%
10/25/2024
Lubbock

Lubbock #202412201

Price change
$555,000
+6.94%
10/25/2024
Lubbock

Lubbock #202412201

Price change
$519,000
-8.79%

Schools & Community

Elementary school: 

Lubbock-Cooper Centr

Middle school: 

Lubbock-Cooper Bush

High school: 

Cooper

School district: 

Lubbock-Cooper 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

$158,179
Asking price
$550,000
Closing costs (~8% of asking)
-$44,000
Est. remaining loan balance
-$347,821
Cash to seller
$158,179

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

Seller’s Loan History

Lender

Hurst Real Estate Inc

Loan start date

September 2022

Original loan amount

$359,200

Est. remaining balance

$347,821

Interest rate

5.22%

Loan type

New Conventional, 30 year

Seller

Blake Bennett Roberts and Annie Michele Roberts

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 6:05 AM

Listing updated: 11/20/2024 at 9:21 AM

Listed by: Melissa N. Johnson, Aycock Realty Group, LLC

MLS: Lubbock #202412201

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