tomo logo

$675,000

Beds
4
Baths
3.5
sq ft
4,023

1811 Potomac Dr Unit C, Houston, TX 77057

1811 Potomac Dr Unit C

Houston, TX 77057

  • 8 days on market
Owners found mold & are not in a place in life to remediate it (lots of little kids!) so they're moving on & leaving a huge opportunity for a capable flipper or a homeowner wanting to create instant equity. We have several bids on remediation work, as well as inspection, will supply to qualified buyers. House is Briargrove adjacent, tucked in the back of a small community of patio homes. Incredibly well located and full of amenities. 10 ft ceilings, elevator, turfed ample backyard, gated, 2 car garage and extra parking spot, 4 beds, Master is oversized and has attached office. The home is quite large at over 4000 sf and is the quintessential classic Houston home. Wonderful for entertaining downstairs, yet perfectly designed for a growing family upstairs. Living room has built in dry bar. Water softener, recent appliance upgrade, HVAC replaced ca 2015, tankless H20. Insane opportunity!

Details

Property type

Single Family Residence

Est. home value

$758,714

Lot size

3,942 sq ft

Price per sq ft

$168

Year built

1982

Annual property taxes

$14,222

Monthly HOA fee

$41.67

Price History

11/05/2024
Houston

Houston #54882307

Listed
$675,000
03/28/2022
Houston

Houston #8427621

Removed

Schools & Community

Neighborhood: 

Greater Uptown

Elementary school: 

BRIARGROVE ELEMENTARY SCHOOL

Middle school: 

TANGLEWOOD MIDDLE SCHOOL

High school: 

WISDOM 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

$5,791
Asking price
$675,000
Closing costs (~8% of asking)
-$54,000
Est. remaining loan balance
-$615,209
Cash to seller
$5,791

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

Seller’s Loan History

Lender

Lrs Financial Network Inc

Loan start date

March 2022

Original loan amount

$647,200

Est. remaining balance

$615,209

Interest rate

3.69%

Loan type

VA, 30 year

Seller

Forrest Kroschel and Meredith Herring Kroschel

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: 11/14/2024 at 4:30 PM

Listing updated: 11/10/2024 at 4:08 PM

Listed by: Wayo Dorsey, Compass RE Texas, LLC - Houston Phone #: (832) 899-4788

MLS: Houston #54882307

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