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$158,000

Beds
3
Baths
2.0
sq ft
2,085

2506 Cedar Ave, Lubbock, TX 79404

2506 Cedar Ave

Lubbock, TX 79404

  • Pending
    • Price drop $5,000↓
Price Improvement! $5000 Price reduction! New list price $158000.00 Golden ray of Sunshine waiting for a new family. A contemporary, art deco appeal inside. New fence. This must see beauty sits on 2 lots. New A/C unit, hot water heater, tile. Has solar panels...Seller is offering options for these panels. Can be leased at a small cost monthly, Seller can have them moved or paid off at closing. Long curved drive way with ample parking in back. Large 2 door garage. Some wheelchair amenities. Well kept home. 2 storage sheds in back yard. Fenced in back yard that is perfect for pets. Large Den perfect for entertaining. Large Kitchen with separate breakfast area. Metal covered back patio. Covered front porch. Large separate living room and separate formal dining room. Jack & Jill bathroom located between 2 large bedrooms. Special ceiling. Huge Owner's suite for relaxing with wood floors. Very unique home. This is the one you've been waiting for.

Details

Property type

Single Family Residence

Est. home value

$127,313

Lot size

0.3214 acres

Price per sq ft

$76

Year built

1995

Annual property taxes

$1,350

Price History

10/27/2024
Lubbock

Lubbock #202412376

Pending
$158,000
09/26/2024
Lubbock

Lubbock #202412376

Price change
$158,000
-3.07%
08/28/2024
Lubbock

Lubbock #202412376

Listed
$163,000

Schools & Community

Neighborhood: 

Chatman Hill

Elementary school: 

Ervin

Middle school: 

Dunbar College Prepa

High school: 

Estacado

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

$88,129
Asking price
$158,000
Closing costs (~8% of asking)
-$12,640
Est. remaining loan balance
-$57,231
Cash to seller
$88,129

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

Seller’s Loan History

Lender

Amcap Mortgage Ltd

Loan start date

October 2020

Original loan amount

$62,840

Est. remaining balance

$57,231

Interest rate

2.86%

Loan type

FHA, 30 year

Seller

Lazaro Berrillo and Penelope Ramirez

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 4:55 AM

Listing updated: 10/27/2024 at 8:21 PM

Listed by: Sandra Davis, Our Texas Real Estate Group

MLS: Lubbock #202412376

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