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$230,000

Beds
3
Baths
2.0
sq ft
1,482

1507 Cavalcade St, Houston, TX 77009

1507 Cavalcade St

Houston, TX 77009

  • 3 days on market
Front house is 2 bed, 1 bath approximately 982 sq ft. Back house is 1 bed, 1 bath approximately 500 sq feet. Separated by a paved parking/courtyard area. Tenants recently vacated. Great for someone who wants income generation or space for extended family. Live in the back unit and rent out the front or vice versa. Could make an excellent short term rental close to the airport and all of Houston hot spots. Needs a little TLC but has good bones, high ceilings etc.

Details

Property type

Single Family Residence

Est. home value

$328,949

Lot size

Unknown

Price per sq ft

$156

Year built

1949

Annual property taxes

$6,292

Price History

06/29/2024
Houston

Houston #66226032

Removed
06/29/2024
Houston

Houston #70885971

Listed
$230,000
-11.2%
06/13/2024
Houston

Houston #66226032

Listed
$259,000

Schools & Community

Neighborhood: 

Northside Village

Elementary school: 

LOOSCAN ELEMENTARY SCHOOL

Middle school: 

MARSHALL MIDDLE SCHOOL (HOUSTON)

High school: 

NORTHSIDE HIGH SCHOOL

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

$20,213
Asking price
$230,000
Closing costs (~8% of asking)
-$18,400
Est. remaining loan balance
-$191,387
Cash to seller
$20,213

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

Seller’s Loan History

Lender

Quicken Loans Inc

Loan start date

September 2019

Original loan amount

$211,200

Est. remaining balance

$191,387

Interest rate

3.75%

Loan type

New Conventional, 30 year

Seller

Idris Ibiyemi Bello and Latoya Ibiyemi Bello

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: 07/03/2024 at 12:50 AM

Listing updated: 06/29/2024 at 12:53 PM

Listed by: Brittney Rogers, The Rogers Group Realty Phone #: (832) 974-0024

MLS: Houston #70885971

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