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$1,499,000

Beds
4
Baths
2.5
sq ft
11,032

16326 Bear Bayou Dr, Channelview, TX 77530

16326 Bear Bayou Dr

Channelview, TX 77530

  • 437 days on market
    • Price drop $51,000↓
This is a great opportunity to own a unique property that is perfect for a store front and is also an established wedding and Quinceañera venue. The home could be your personal homestead or a rental property for bridal party during Reception Hall rental. Don't miss out on this one-of-a-kind property! This very well taken care of four bedroom, two bathroom home is situated on three acres of land with no HOA. It is an income producing property with a pavilion and reception hall. The reception hall features a gorgeous staircase and chandeliers, and measures 6,000 sq feet. The pavilion measures 3,600 sq feet. The home has a new roof and is only 18 miles from downtown Houston. Please see 3D Matterport Tours. Text to make an appointment!

Details

Property type

Single Family Residence

Est. home value

$1,624,552

Lot size

3.00 acres

Price per sq ft

$136

Year built

1958

Annual property taxes

$3,158

Price History

11/04/2024
Houston

Houston #89163627

Price change
$1,499,000
-3.29%
04/20/2024
Houston

Houston #89163627

Price change
$1,550,000
-4.62%
10/02/2023
Houston

Houston #89163627

Listed
$1,625,000

Schools & Community

Elementary school: 

CRENSHAW ELEMENTARY SCHOOL

Middle school: 

AGUIRRE JUNIOR HIGH

High school: 

CHANNELVIEW HIGH SCHOOL

School district: 

Channelview

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

$1,302,041
Asking price
$1,499,000
Closing costs (~8% of asking)
-$119,920
Est. remaining loan balance
-$77,039
Cash to seller
$1,302,041

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

Seller’s Loan History

Lender

The Laredo National Bank

Loan start date

July 2006

Original loan amount

$123,000

Est. remaining balance

$77,039

Interest rate

6.63%

Loan type

Not Provided, 30 year

Seller

Baldemar Garcia and Maria R Garcia

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: 11/05/2024 at 6:15 PM

Listing updated: 11/04/2024 at 11:18 AM

Listed by: Maria Elena Ruffner, JLA Realty Phone #: (713) 489-8130

MLS: Houston #89163627

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