tomo logo

$115,000

Beds
3
Baths
2.0
sq ft
1,172

1516 E Tulane St, Lubbock, TX 79403

1516 E Tulane St

Lubbock, TX 79403

  • 337 days on market
    • Price drop $10,000↓
Cute 3/2/1 property with vinyl plank flooring; easy access to Loop 289, I-27, and the airport. Currently leased month-to-month longtime tenant for $950 and managed by Hub City Rentals. Give us a call if you would like more information.

Details

Property type

Single Family Residence

Est. home value

$215,005

Lot size

5,480 sq ft

Price per sq ft

$99

Year built

2017

Annual property taxes

$1,696

Price History

05/13/2024
Lubbock

Lubbock #202315458

Price change
$115,000
-8%
10/19/2023
Lubbock

Lubbock #202315458

Listed
$125,000

Schools & Community

Elementary school: 

Alderson

Middle school: 

Dunbar College Prepa

High school: 

Estacado

School district: 

Lubbock ISD

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

-$35,652
Asking price
$115,000
Closing costs (~8% of asking)
-$9,200
Est. remaining loan balance
-$141,452
Cash to seller
-$35,652

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

Seller’s Loan History

Lender

T2 Financial Llc

Loan start date

December 2023

Original loan amount

$142,373

Est. remaining balance

$141,452

Interest rate

7.79%

Loan type

FHA, 30 year

Seller

Nicholas Frazier

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: 09/20/2024 at 4:40 PM

Listing updated: 07/23/2024 at 1:14 PM

Listed by: Tony Lloyd, RE/MAX Lubbock

MLS: Lubbock #202315458

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