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$430,000

Beds
4
Baths
2.5
sq ft
1,904

235 N Hidalgo Ave, New Braunfels, TX 78130

235 N Hidalgo Ave

New Braunfels, TX 78130

  • 268 days on market
    • Price drop $20,000↓
Welcome to an exceptional real estate offering in the historic and vibrant city of New Braunfels, Texas! This unique property, boasting not one, but two tenant-occupied homes, presents an incredible opportunity for savvy investors or multi-generational living. With its prime location just a stone's throw away from downtown, this property is a true gem. In the front house, step into a bygone era with this classic 1954 home. Tenants adore the nostalgia and character that this property exudes. The cozy 2-bedroom, 1-bath layout is perfect for comfortable living. The kitchen has been thoughtfully modernized, offering a blend of vintage allure and modern convenience. Enjoy the Texas evenings on the front porch, adding a touch of relaxation to everyday life. The back house, built in 2014, embraces a chic and contemporary design. With 2 bedrooms and 1.5 bathrooms, it's perfect for modern living. Both homes share a convenient carport, providing sought-after off-street parking for tenants. The expansive backyard offers plenty of space for outdoor activities, gardening, or even a future expansion. Its mature trees provide ample shade on hot Texas days. Investors will appreciate the potential for rental income from both homes, while those seeking a multi-generational living solution will find this property to be an ideal arrangement. The combination of classic charm and modern convenience, coupled with the proximity to downtown New Braunfels, makes this a truly remarkable property. Don't miss out on this opportunity to own two homes for the price of one in this sought-after Texas locale.

Details

Property type

Single Family Residence

Est. home value

$444,957

Lot size

0.23 acres

Price per sq ft

$226

Year built

1954

Annual property taxes

$6,309

Price History

02/05/2024
CentralTexas

CentralTexas #523064

Price change
$430,000
-4.44%
10/12/2023
CentralTexas

CentralTexas #523064

Listed
$450,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

None

High school district: 

New Braunfels 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

$41,676
Asking price
$430,000
Closing costs (~8% of asking)
-$34,400
Est. remaining loan balance
-$353,924
Cash to seller
$41,676

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

Seller’s Loan History

Lender

Cherry Creek Mortgage Co Inc

Loan start date

October 2022

Original loan amount

$362,132

Est. remaining balance

$353,924

Interest rate

5.55%

Loan type

FHA, 30 year

Seller

Zachary Schwarzlose

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: 07/05/2024 at 9:55 PM

Listing updated: 02/05/2024 at 1:34 PM

Listed by: India Moore, Central Metro Realty Phone #: (512) 454-6873

MLS: CentralTexas #523064

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