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$395,000

Beds
6
Baths
4.5
sq ft
1,647

1433 Scharpe St, Houston, TX 77023

1433 Scharpe St

Houston, TX 77023

  • 45 days on market
    • Price drop $30,000↓
Welcome to 1433 Scharpe Street! Great Investment Opportunity. It's located in the vibrant East End Revitalized area of Houston, and it features 6 generously sized bedrooms and 4.5 bathrooms, elegantly blending modern charm with functional design. Additionally, this property comes with two apartments that are well-maintained and perfect for generating rental income. Great AirBNB or STR. The family room is perfect for intimate gatherings, and the kitchen, which is open to the family room, is ideal for cooking up delicious meals. The covered patio in the fenced backyard offers a peaceful retreat, and the wood-burning fireplace adds a cozy touch. With an attached and detached 2-car garage, there's plenty of parking space available, and the house sits on a spacious 6,250 sqft lot in the highly sought-after Broadmoor subdivision near heart of Downtown! Minutes from Minute Maid Park, Toyota Center, UH, TSU University and HOT new restaurants.. Schedule a showing today!

Details

Property type

Duplex

Est. home value

$373,954

Lot size

6,251 sq ft

Price per sq ft

$240

Year built

1929

Annual property taxes

$8,346

Price History

06/25/2024
Houston

Houston #61016432

Price change
$395,000
05/21/2024
Houston

Houston #30548775

Removed
05/21/2024
Houston

Houston #61016432

Listed
$425,000
-5.56%

Schools & Community

Neighborhood: 

Greater Eastwood

Elementary school: 

CAGE ELEMENTARY SCHOOL

Middle school: 

NAVARRO MIDDLE SCHOOL (HOUSTON)

High school: 

AUSTIN HIGH SCHOOL (HOUSTON)

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

$357,302
Asking price
$395,000
Closing costs (~8% of asking)
-$31,600
Est. remaining loan balance
-$6,098
Cash to seller
$357,302

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

Seller’s Loan History

Lender

Centerbank Mtg Company

Loan start date

January 1996

Original loan amount

$50,400

Est. remaining balance

$6,098

Interest rate

7.15%

Loan type

Not Provided, 30 year

Seller

Maria M Fuentes and Roxana Santos

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: 07/05/2024 at 11:10 PM

Listing updated: 06/25/2024 at 1:24 PM

Listed by: Thai Klam, Compass RE Texas, LLC - Houston Phone #: (832) 899-4788

MLS: Houston #61016432

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