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$310,000

Beds
3
Baths
3.0
sq ft
1,628

228 Trestle Tree, San Marcos, TX 78666

228 Trestle Tree

San Marcos, TX 78666

  • 111 days on market
    • Price drop $5,000↓
100% Leased, Exceptional Income producing opportunity with this beautiful craftsman style condo/duplex situated in the bustling hub of San Marcos, Texas. Live in one unit and let the other unit income pay for your mortgage!! Located in close proximity to Texas State University, and I-35 for commutes. this property offers a unique blend of comfort, convenience, and steady income. The duplex consists of two well-equipped units. Unit A is a spacious 2 bedroom, 2 bath bringing for $1700 per month. It boasts an open floor plan with plenty of exterior light! The unit comes with a full set of appliances including a washer, dryer, and security system for added peace of mind. A spacious 2 car garage further enhances the appeal of this unit. Unit B is a lovely 1 bedroom, 1 bathroom property leasing for $1100 per month. It features a well-equipped kitchenette with a full-size fridge and stove. A washer and dryer are also provided in the garage for personal use. Parking for Unit B is conveniently located at the back of the alley, with additional street parking available. Both units are currently rented until August 2025. This property is not just a home; it's a wise investment with potential to carry on the wonderful income stream for the next couple of years. Its prime location near a major University makes it an attractive rental option for students and faculty alike. Don't miss out on this opportunity to secure a solid investment in the thriving San Marcos real estate market.

Details

Property type

Condominium

Est. home value

$306,498

Lot size

0.26 acres

Price per sq ft

$191

Year built

2010

Annual property taxes

$6,457

HOA

Yes

Price History

08/21/2024
CentralTexas

CentralTexas #542707

Price change
$310,000
-1.59%
06/04/2024
CentralTexas

CentralTexas #542707

Listed
$315,000

Schools & Community

Neighborhood: 

Blanco River North

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

None

High school district: 

San Marcos Cisd

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

$267,674
Asking price
$310,000
Closing costs (~8% of asking)
-$24,800
Est. remaining loan balance
-$17,526
Cash to seller
$267,674

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

Seller’s Loan History

Lender

Allied Home Mortgage Corp

Loan start date

March 2011

Original loan amount

$126,704

Est. remaining balance

$17,526

Interest rate

4.29%

Loan type

FHA, 15 year

Seller

Michelle M Billingue and Omar Billigue

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 11:10 PM

Listing updated: 09/17/2024 at 9:16 AM

Listed by: Cari Patterson, Vance J. Elliott Phone #: (512) 353-3002

MLS: CentralTexas #542707

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