tomo logo

$560,000

Beds
4
Baths
4.5
sq ft
2,346

218 Velasco St, Houston, TX 77003

218 Velasco St

Houston, TX 77003

  • 40 days on market
    • Price drop $29,000↓
Rare Opportunity! Luxury 1950s Home in Highly Desirable East Downtown. Discover this beautifully remodeled 4-bedroom, 4.5-bathroom luxury home, just 4 minutes from Minute Maid Park. Perfect for short-term rentals or those seeking style and comfort, the home features 20-foot vaulted ceilings, a stunning coffered office ceiling, and modern European flat-front cabinets with quartz countertops. The newly added second floor offers three spacious bedrooms, each with its own ensuite bathroom, plus a versatile bonus study room. The primary suite is conveniently located on the first floor for added privacy. With energy-efficient upgrades and a customizable backyard oasis, this home is eco-friendly and perfect for entertaining. Schedule your tour today!

Details

Property type

Single Family Residence

Est. home value

$338,508

Lot size

5,249 sq ft

Price per sq ft

$239

Year built

1950

Annual property taxes

$6,666

Price History

10/29/2024
Houston

Houston #11829172

Price change
$560,000
-4.92%
10/12/2024
Houston

Houston #11829172

Listed
$589,000
10/11/2024
Houston

Houston #76946134

Removed

Schools & Community

Neighborhood: 

Second Ward

Elementary school: 

BURNET ELEMENTARY SCHOOL (HOUSTON)

Middle school: 

NAVARRO MIDDLE SCHOOL (HOUSTON)

High school: 

WHEATLEY HIGH SCHOOL

School district: 

Houston

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Jet Lending Llc

Loan start date

September 2023

Original loan amount

$562,100

Est. remaining balance

Not provided

Interest rate

6.81%

Loan type

Commercial

Seller

Rocket House Buyers Llc

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: 11/22/2024 at 1:25 AM

Listing updated: 11/19/2024 at 11:52 AM

Listed by: Lacey Walker, Nextgen Real Estate Properties Phone #: (832) 736-1673

MLS: Houston #11829172

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