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$175,000

Beds
1
Baths
1.0
sq ft
799

2016 Main St Unit 605, Houston, TX 77002

2016 Main St Unit 605

Houston, TX 77002

  • 142 days on market
    • Price drop $3,900↓
This condo is ideal for a Pied-a-Terre. If you like being close to the amenities this one is for you. Gym, pool with built-in hot tub, grills, party room, library/game room all steps away. Renovated and taken to the studs in 2015. Windows/glass doors replaced with commercial grade, 3-ply laminated glass, heavy weather stripping. This, along with blackout drapes, greatly reduces outside noise. Additional upgrades include kitchen & bathroom renovation, raised living room ceiling, new electrical panel, installation of sprinklers, granite countertops & real wood floors. Great closet space. Vending area/ATM, package room in garage. 5th floor laundry room. Storage locker in basement. Located ON the light rail. Near Texas Medical Center, Hermann Park, Museum District. Near midtown/downtown parks/dog parks, eateries, theaters, shopping, hotels. Bayou running/cycling paths nearby. Close to Universities. One assigned parking space in the basement makes for easier entering and exiting.

Details

Property type

Condominium

Est. home value

$183,080

Lot size

Unknown

Price per sq ft

$220

Year built

1965

Annual property taxes

$3,633

Monthly HOA fee

$846

Price History

09/07/2024
Houston

Houston #54512091

Price change
$175,000
-2.18%
06/24/2024
Houston

Houston #54512091

Listed
$178,900
12/21/2022
Houston

Houston #39723660

Removed

Schools & Community

Neighborhood: 

Midtown

Elementary school: 

GREGORY-LINCOLN ELEMENTARY SCHOOL

Middle school: 

GREGORY-LINCOLN MIDDLE SCHOOL

High school: 

LAMAR HIGH SCHOOL (HOUSTON)

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

$82,549
Asking price
$175,000
Closing costs (~8% of asking)
-$14,000
Est. remaining loan balance
-$78,451
Cash to seller
$82,549

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

Seller’s Loan History

Lender

Envoy Mortgage Ltd

Loan start date

December 2022

Original loan amount

$80,000

Est. remaining balance

$78,451

Interest rate

6.95%

Loan type

New Conventional, 30 year

Seller

Michael Ray Smith

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?

Status: Active

Tomo last checked: 11/14/2024 at 4:20 PM

Listing updated: 10/12/2024 at 6:36 PM

Listed by: Michael Smith, Michael Smith Properties Phone #: (832) 656-5665

MLS: Houston #54512091

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