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$550,000

Beds
3
Baths
1.0
sq ft
1,052

2122 De Soto St, Houston, TX 77091

2122 De Soto St

Houston, TX 77091

  • 35 days on market
Almost 1 acre in the rapidly emerging Acres Homes community. Property includes 2 bedroom main house plus 1 bedroom secondary unit. Surrounded by new development, minutes from Downtown, Heights and less than 20 minutes from IAH airport. Multiple exit strategies, including generating income to cover holding costs while building plans are getting approved...or hold while area continues to appreciate. According to architect 16 homes could be built, which should be verified by buyer. Current tenant pays $1700/month

Details

Property type

Single Family Residence

Est. home value

$483,133

Lot size

0.99 acres

Price per sq ft

$523

Year built

1940

Annual property taxes

$8,522

Price History

11/16/2024
Houston

Houston #72133936

Listed
$550,000
05/12/2023
Houston

Houston #35669077

Removed

Schools & Community

Neighborhood: 

Acres Home

Elementary school: 

ANDERSON ACADEMY

Middle school: 

DREW ACADEMY

High school: 

CARVER H S FOR APPLIED TECH/ENGINEERING/ARTS

School district: 

Aldine

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

$81,665
Asking price
$550,000
Closing costs (~8% of asking)
-$44,000
Est. remaining loan balance
-$424,335
Cash to seller
$81,665

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

Seller’s Loan History

Lender

Aspire Home Loans Llc

Loan start date

May 2023

Original loan amount

$432,250

Est. remaining balance

$424,335

Interest rate

6.42%

Loan type

New Conventional, 30 year

Seller

Saadet Bafali

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: 12/22/2024 at 10:00 AM

Listing updated: 11/22/2024 at 6:48 AM

Listed by: Andy Onder Yaltir, VITA Realty Phone #: (832) 544-7624

MLS: Houston #72133936

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