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$399,000

Beds
2
Baths
2.5
sq ft
1,865

150 Gessner Rd Unit 5D, Houston, TX 77024

150 Gessner Rd Unit 5D

Houston, TX 77024

  • 107 days on market
    • Price drop $21,000↓
Located in the heart of Memorial, this 2-bedroom, 2.5 bath unit has been beautifully updated with a neutral pallet. Natural light abounds with floor to ceiling windows and large balcony. The wet bar and passthrough kitchen bar, help make entertaining a breeze. Amenities include a pool and deck renovation currently underway, exercise room, installed sprinkler system, 24-hour concierge, valet, and maintenance. Highrise living at its best!

Details

Property type

Condominium

Est. home value

$401,112

Lot size

Unknown

Price per sq ft

$214

Year built

1983

Annual property taxes

$9,493

Monthly HOA fee

$1,862

Price History

09/11/2024
Houston

Houston #88155654

Price change
$399,000
-5%
07/23/2024
Houston

Houston #88155654

Listed
$420,000
12/28/2023
Houston

Houston #891681

Removed

Schools & Community

Neighborhood: 

Memorial

Elementary school: 

FROSTWOOD ELEMENTARY SCHOOL

Middle school: 

MEMORIAL MIDDLE SCHOOL (SPRING BRANCH)

High school: 

MEMORIAL HIGH SCHOOL (SPRING BRANCH)

School district: 

Spring Branch

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

$62,447
Asking price
$399,000
Closing costs (~8% of asking)
-$31,920
Est. remaining loan balance
-$304,633
Cash to seller
$62,447

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

Seller’s Loan History

Lender

A&D Mortgage Llc

Loan start date

July 2022

Original loan amount

$315,000

Est. remaining balance

$304,633

Interest rate

5.23%

Loan type

New Conventional, 30 year

Seller

Low Realty 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: 11/08/2024 at 5:10 AM

Listing updated: 09/11/2024 at 4:42 PM

Listed by: Jennifer Reese, Ameristar, REALTORS Phone #: (281) 580-2220

MLS: Houston #88155654

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