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$136,500

Beds
2
Baths
1.0
sq ft
1,738

2206 28th St, Lubbock, TX 79411

2206 28th St

Lubbock, TX 79411

  • 27 days on market
    • Price drop $10,000↓
MASSIVE Price Improvement! Check out this 2 unit property that will cashflow instantly close to Texas Tech! The front house is a 2 bedroom/1 bathroom home that is currently vacant. The back house is a 1 bedroom/1 bathroom unit that's currently leased for $625/mo until 2/28/2025. This property will SMASH the 1% rule, with the front house showing market rents of $1200! Sell is willing to consider all offers.

Details

Property type

Single Family Residence

Est. home value

$154,052

Lot size

7,000 sq ft

Price per sq ft

$79

Year built

1940

Annual property taxes

$3,395

Price History

11/13/2024
Lubbock

Lubbock #202415193

Price change
$136,500
10/30/2024
Lubbock

Lubbock #202414827

Removed
10/30/2024
Lubbock

Lubbock #202414827

Price change
$146,500
-67.91%

Schools & Community

Neighborhood: 

Heart of Lubbock

Elementary school: 

Dupre

Middle school: 

Slaton

High school: 

Monterey

School district: 

Lubbock ISD

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

$16,554
Asking price
$136,500
Closing costs (~8% of asking)
-$10,920
Est. remaining loan balance
-$109,026
Cash to seller
$16,554

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

Seller’s Loan History

Lender

Texas Tech Fcu

Loan start date

October 2022

Original loan amount

$112,500

Est. remaining balance

$109,026

Interest rate

5.13%

Loan type

New Conventional, 30 year

Seller

Isaac Diaz Salcedo and Leilany A Cisneros Montelongo

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: 11/26/2024 at 4:25 AM

Listing updated: 11/15/2024 at 11:51 AM

Listed by: Michael T. Norsworthy, eXp Realty LLC

MLS: Lubbock #202415193

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