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$625,000

Beds
3
Baths
2.0
sq ft
1,569

12906 Butterfly Ln, Houston, TX 77024

12906 Butterfly Ln

Houston, TX 77024

  • 180 days on market
LOCATION! LOCATION! LOCATION! Incredible opportunity to own your next investment project or a chance to update this property to your own liking. You can occupy now and build/remodel later. This traditional 3 bedroom, 2 bath home is in a well-established desirable neighborhood of Memorial Bend. Conveniently nestled in the prestigious Memorial area close to City Centre shopping and other shopping, Beltway 8, Katy Freeway, Terry Hershey Hike & Bike Trails, and zoned to Award Winning SBISD schools, including Rummel Creek Elementary, Memorial Middle and Memorial High School. Spacious front, back, and side yards with twin French doors in the family room allow natural light and ease for outdoor entertaining. NEVER FLOODED! Property is being sold as-is, seller will not make any repairs.

Details

Property type

Single Family Residence

Est. home value

$615,448

Lot size

8,050 sq ft

Price per sq ft

$399

Year built

1958

Annual property taxes

$11,239

Monthly HOA fee

$35.92

Price History

05/25/2024
Houston

Houston #31122968

Listed
$625,000
03/02/2024
Houston

Houston #18317533

Removed
10/05/2023
Houston

Houston #18317533

Listed
$615,000

Schools & Community

Neighborhood: 

Memorial

Elementary school: 

RUMMEL CREEK ELEMENTARY SCHOOL

Middle school: 

MEMORIAL MIDDLE SCHOOL (SPRING BRANCH)

High school: 

MEMORIAL HIGH SCHOOL (SPRING BRANCH)

School district: 

Spring Branch

Senior community center: 

Yes

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

$260,911
Asking price
$625,000
Closing costs (~8% of asking)
-$50,000
Est. remaining loan balance
-$314,089
Cash to seller
$260,911

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

Seller’s Loan History

Lender

United Wholesale Mortgage

Loan start date

January 2020

Original loan amount

$347,800

Est. remaining balance

$314,089

Interest rate

3.66%

Loan type

New Conventional, 30 year

Seller

Edward Tseng and Tiffani Tseng

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: 11/22/2024 at 2:15 AM

Listing updated: 05/26/2024 at 4:14 AM

Listed by: Tam Tran, Walzel Properties - Corporate Office Phone #: (832) 674-4960

MLS: Houston #31122968

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