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$259,000

Beds
3
Baths
1.0
sq ft
906

260 S East Ave, New Braunfels, TX 78130

260 S East Ave

New Braunfels, TX 78130

  • 146 days on market
    • Price drop $10,000↓
Discover a rare opportunity in the heart of New Braunfels with this prime location property offering. Located in a highly sought-after area, this expansive lot is conveniently positioned within a short distance to the vibrant downtown, Guadalupe River, Comal River, Schlitterbahn Waterpark, Gruene Historic District and the beautiful riverfront. The property is zoned for the development of two residential homes (R2 zoning), offering a promising opportunity for those looking to take advantage of the growing real estate market in New Braunfels. New construction of two homes recently built across the street, it features a nicely paved wide road in a very quiet neighborhood. From popular dining spots and charming shops to the scenic river, every convenience is just a short distance away. Don't miss out on this opportunity to own a piece of New Braunfels paradise—schedule your viewing today and discover the endless potential this property has to offer.

Details

Property type

Single Family Residence

Est. home value

$277,593

Lot size

0.25 acres

Price per sq ft

$286

Year built

1950

Annual property taxes

$4,884

Price History

09/27/2024
Houston

Houston #31372146

Price change
$259,000
-3.72%
08/12/2024
Houston

Houston #31372146

Price change
$269,000
-3.58%
06/29/2024
Houston

Houston #31372146

Listed
$279,000

Schools & Community

Elementary school: 

LAMAR ELEMENTARY SCHOOL (NEW BRAUNFELS)

Middle school: 

OAKRUN MIDDLE SCHOOL

High school: 

NEW BRAUNFELS HIGH SCHOOL

School district: 

New Braunfels

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

$41,121
Asking price
$259,000
Closing costs (~8% of asking)
-$20,720
Est. remaining loan balance
-$197,159
Cash to seller
$41,121

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

Seller’s Loan History

Lender

Optimum First Inc

Loan start date

December 2023

Original loan amount

$198,750

Est. remaining balance

$197,159

Interest rate

7.76%

Loan type

New Conventional, 30 year

Seller

Robert Langford

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: 11/23/2024 at 6:05 AM

Listing updated: 09/27/2024 at 5:32 PM

Listed by: Bo Liu, KingFay Inc Phone #: (832) 539-6468

MLS: Houston #31372146

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