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$425,000

Beds
4
sq ft
2,280

217 Lotus St, San Antonio, TX 78210

217 Lotus St

San Antonio, TX 78210

  • 3 days on market
This place has the best of downtown living AND investing! In the Historic District of Lavaca in Southtown San Antonio is this 4-Plex, right next to King William, Essex, Dignowity Hill, and 10 min bike ride to Hemisphere Plaza and the Tower of the Americas. Each unit has 1 bedroom and 1 full bath with living areas and full kitchens! The building has front and rear entrances with a common area in the backyard. The 4-Plex already has 4 fully rented tenants in place. This already established Lavaca District has lots of walkable restaurants, bars, and other historical homes which is rich in San Antonio culture. A truly rare opportunity to own a 4 unit building under $450k! There are many single family homes over $550k and with this property you'll have 4 units. Each unit has its own utilities and meters, rear staircase and balcony was recently renovated.

Details

Property type

Est. home value

$466,011

Lot size

7,362 sq ft

Price per sq ft

$187

Year built

1910

Annual property taxes

$9,992.88

Price History

09/16/2024
SanAntonio

SanAntonio #1809267

Listed
$425,000
09/01/2024
SanAntonio

SanAntonio #1688612

Removed
04/19/2024
SanAntonio

SanAntonio #1688612

Listed
$425,000

Schools & Community

Neighborhood: 

Lavaca

Elementary school: 

Green

Middle school: 

Poe

High school: 

Brackenridge

School district: 

San Antonio I.S.D.

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

$47,980
Asking price
$425,000
Closing costs (~8% of asking)
-$34,000
Est. remaining loan balance
-$343,020
Cash to seller
$47,980

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

Seller’s Loan History

Lender

Oaktree Funding Corp

Loan start date

March 2022

Original loan amount

$360,000

Est. remaining balance

$343,020

Interest rate

3.55%

Loan type

New Conventional, 30 year

Seller

Juan Antonio Calvillo and Rocio Barajas

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: 09/19/2024 at 7:45 PM

Listing updated: 09/16/2024 at 5:09 PM

Listed by: Tre Serrano, Real Phone #: (855) 450-0442

MLS: SanAntonio #1809267

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