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$325,000

Beds
4
Baths
3.0
sq ft
1,998

1410 Edward Dr, South Houston, TX 77587

1410 Edward Dr

South Houston, TX 77587

  • 24 days on market
Check out this amazing duplex includes many updates recently done. All units are currently under a lease contract. Seller is selling an additional duplex building next door as well. This great investment features per unit 2 bedrooms 1.5 baths, updated floors, kitchen & bathrooms updated, a recent new roof, good size backyard with potential room to build another duplex behind the property. This property is at walking distance to the Elementary LF Smith school, surrounded by residential neighborhoods, close to Spencer Hwy, near grocery stores and a ton of shopping centers. This property is located minutes near HwyI-45 & Beltway 8 South. Great to convert it into short term rental Airbnb or long term rental as it's currently being rented. Current Rental contracts will have to be honored with the purchase. No showings unless an offer is received from the buyer.

Details

Property type

Duplex

Est. home value

$248,277

Lot size

6,268 sq ft

Price per sq ft

$163

Year built

1980

Annual property taxes

$5,812

Price History

11/08/2024
Houston

Houston #20952887

Listed
$325,000
11/02/2024
Houston

Houston #20952887

Pending
$325,000
10/21/2024
Houston

Houston #20952887

Listed
$325,000

Schools & Community

Elementary school: 

L F SMITH ELEMENTARY SCHOOL

Middle school: 

SULLIVAN MIDDLE SCHOOL

High school: 

SOUTH HOUSTON HIGH SCHOOL

School district: 

Pasadena

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

$148,357
Asking price
$325,000
Closing costs (~8% of asking)
-$26,000
Est. remaining loan balance
-$150,643
Cash to seller
$148,357

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

November 2021

Original loan amount

$161,250

Est. remaining balance

$150,643

Interest rate

2.88%

Loan type

New Conventional, 30 year

Seller

Eleazar Salas Gonzalez

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: 11/14/2024 at 7:25 PM

Listing updated: 11/08/2024 at 3:38 PM

Listed by: Teresa Martinez, Fathom Realty Phone #: (888) 455-6040

MLS: Houston #20952887

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