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$165,000

Beds
4
Baths
3.0
sq ft
1,972

2418 40th St, Lubbock, TX 79412

2418 40th St

Lubbock, TX 79412

  • Pending
    • Price drop $5,000↓
Investment property for sale! This property offers 3 units including a main house (1/1 previously rented for $750 but currently marketed for rent at $700 for a quick lease) a back house (1/1 rented for $700 lease ends 03/31/25), and a side house (2/1 rented for $850 lease ends 04/30/25). Rent totals $2250 a month.

Details

Property type

Single Family Residence

Est. home value

$153,942

Lot size

7,670 sq ft

Price per sq ft

$84

Year built

1951

Price History

09/20/2024
Lubbock

Lubbock #202409579

Pending
$165,000
09/18/2024
Lubbock

Lubbock #202409579

Price change
$165,000
-2.94%
09/09/2024
Lubbock

Lubbock #202409579

Price change
$170,000
-2.86%

Schools & Community

Neighborhood: 

Clapp Park

Elementary school: 

Brown

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

$46,648
Asking price
$165,000
Closing costs (~8% of asking)
-$13,200
Est. remaining loan balance
-$105,152
Cash to seller
$46,648

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

Seller’s Loan History

Lender

Homexpress Mortgage Corp

Loan start date

September 2023

Original loan amount

$106,335

Est. remaining balance

$105,152

Interest rate

6.96%

Loan type

New Conventional, 30 year

Seller

Hobbit Window Holdings 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: Pending/Under Contract

Tomo last checked: 11/08/2024 at 7:05 AM

Listing updated: 11/05/2024 at 1:51 PM

Listed by: Josh T. Barrett, Progressive Properties

MLS: Lubbock #202409579

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