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$355,000

Beds
4
Baths
2.0
sq ft
2,904

1703 Magnolia Ln, Richmond, TX 77469

1703 Magnolia Ln

Richmond, TX 77469

  • 26 days on market
    • Price drop $14,998↓
This beautiful updated home in great, tranquil neighborhood. Two stories, 4BR/2B, 2,904 SF, in the quiet side of the city of Richmond. Close to all amenities and great schools. Recent roof, fresh paint inside and out, new luxury vinyl planks flooring through out (no carpet), nicely and open kitchen, and remodeled bathrooms, second kitchenette and balcony upstairs overlooking beautiful backyard. Best of all NO restrictions and no HOA. The backyard fenced with a beautiful inground pool for you to enjoy your summer days.

Details

Property type

Single Family Residence

Est. home value

$393,691

Lot size

0.25 acres

Price per sq ft

$123

Year built

1977

Price History

09/01/2024
Houston

Houston #71171991

Price change
$355,000
-4.05%
08/23/2024
Houston

Houston #71171991

Listed
$369,998

Schools & Community

Elementary school: 

SMITH ELEMENTARY SCHOOL (LAMAR)

Middle school: 

LAMAR JUNIOR HIGH SCHOOL

High school: 

LAMAR CONSOLIDATED HIGH SCHOOL

School district: 

Lamar Consolidated

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

$158,887
Asking price
$355,000
Closing costs (~8% of asking)
-$28,400
Est. remaining loan balance
-$167,713
Cash to seller
$158,887

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

Seller’s Loan History

Lender

Matador Lending Llc

Loan start date

May 2021

Original loan amount

$180,000

Est. remaining balance

$167,713

Interest rate

3.18%

Loan type

New Conventional, 30 year

Seller

Wei Gao

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: 09/19/2024 at 4:35 AM

Listing updated: 09/01/2024 at 3:42 PM

Listed by: Wilson Chan, Real Broker, LLC Phone #: (832) 334-2671

MLS: Houston #71171991

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