tomo logo

$145,000

Beds
2
Baths
2.0
sq ft
2,764

2805 N University Ave, Lubbock, TX 79415

2805 N University Ave

Lubbock, TX 79415

  • 27 days on market
    • Price drop $5,000↓
Awesome opportunity to have a home on a half acre lot north of town. This home has tons of character and potential but is in need of some TLC. Hard to find this much room at such a low price! Home is being sold As-Is and offers will be presented as they are received. Could be a great commercial investment or play also! # Motivated # Investor

Details

Property type

Single Family Residence

Est. home value

$170,958

Lot size

0.42 acres

Price per sq ft

$53

Year built

1965

Annual property taxes

$3,000

Price History

01/28/2025
Lubbock

Lubbock #202008255

Removed
01/24/2025
Lubbock

Lubbock #202500546

Price change
$145,000
-2.03%
01/22/2025
Lubbock

Lubbock #202500546

Price change
$148,000
-0.67%

Schools & Community

Elementary school: 

Wolffarth

Middle school: 

Cavazos

High school: 

Estacado

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

$35,360
Asking price
$145,000
Closing costs (~8% of asking)
-$11,600
Est. remaining loan balance
-$98,040
Cash to seller
$35,360

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

Seller’s Loan History

Lender

Goldwater Bank Na

Loan start date

February 2021

Original loan amount

$107,732

Est. remaining balance

$98,040

Interest rate

2.66%

Loan type

New Conventional, 30 year

Seller

Ricky Sherfield Jr

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: 02/06/2025 at 12:00 AM

Listing updated: 02/03/2025 at 10:34 AM

Listed by: Jarrett Thornton, Progressive Properties Phone #: (806) 794-7777

MLS: Lubbock #202500546

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