tomo logo

$550,000

Beds
4
Baths
2.0
sq ft
2,308

302 Lantana, Concan, TX 78838

302 Lantana

ConCan, TX 78838

  • 312 days on market
Situated in a prime location nestled within the heart of Concan, this extraordinary property spanning almost 4 acres is an exceptional opportunity. Boasting a furnished 4-bedroom, 2-bathroom main home with a proven rental history, alongside the charming "Cantina" - a 1-bedroom, 1-bathroom guest cabin complemented by a spacious screened porch and a picturesque patio shaded by majestic oaks, this property exudes potential. What sets this property apart are the possibilities it presents. With ample space to accommodate 2-3 additional homes for use as income-generating vacation rentals, the potential for expansion and additional income streams is unparalleled. It's worth noting that the property features 2 water meters, 2 electric meters, a well, and no restrictions, paving the way for a myriad of options for further development and refinement to create multiple rental units. Moreover, the presence of a 50 amp service tailored for recreational vehicles adds to the property's allure. The level land with deep, fertile soil is primed for the addition of a resort-style pool, while the abundance of live oak trees provides natural shade, making it an idyllic setting for guests to enjoy leisurely summer days. This property represents a rare and compelling investment opportunity, offering a unique combination of convenient location, promising rental history, and vast potential for expansion and enhancement. The time to seize this remarkable prospect is now, as opportunities of this caliber are not easily found. Don't miss the chance to own a property with such versatility and appeal. Act now to secure this exceptional piece of real estate and unlock its full potential for your investment portfolio.

Details

Property type

Single Family Residence

Est. home value

$572,426

Lot size

3.63 acres

Price per sq ft

$239

Year built

1986

Annual property taxes

$6,555

Price History

01/15/2024
SanAntonio

SanAntonio #1744541

Listed
$550,000

Schools & Community

Elementary school: 

Call District

Middle school: 

Call District

High school: 

Call District

School district: 

CALL DISTRICT

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

$251,893
Asking price
$550,000
Closing costs (~8% of asking)
-$44,000
Est. remaining loan balance
-$254,107
Cash to seller
$251,893

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

Seller’s Loan History

Lender

Cornerstone Home Lending Inc

Loan start date

September 2020

Original loan amount

$279,200

Est. remaining balance

$254,107

Interest rate

2.96%

Loan type

New Conventional, 30 year

Seller

Peyton Judd Strauss and Julie Sanchez Strauss

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: 11/22/2024 at 10:40 PM

Listing updated: 10/10/2024 at 5:38 PM

Listed by: Starr Matthews, Starr Realty and Ranch Phone #: (830) 261-1970

MLS: SanAntonio #1744541

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