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$175,000

Beds
4
Baths
2.0
sq ft
1,492

329 Hot Wells Blvd, San Antonio, TX 78223

329 Hot Wells Blvd

San Antonio, TX 78223

  • 286 days on market
    • Price drop $10,000↓
Welcome to a piece of San Antonio's history! This charming 1921 2-story home offers a unique opportunity for investors or those looking to restore a piece of the past. Located just 10 minutes from downtown San Antonio, this property is nestled in a well-established neighborhood, offering both historical charm and modern convenience. Step inside and be transported to a bygone era with original wood floors that exude warmth and character. The home also retains its original windows, adding to its timeless appeal. Currently configured as a 4-bedroom, 2-bathroom main residence and a separate 1-bedroom, 1-bathroom garage apartment, this property offers flexibility for various living arrangements. Use it as an investment property, create a multi-generational living space, or reimagine it to suit your needs. With its metered setup for three units, this property presents excellent investment potential. The current rental configuration generates income of $1450 from a 4-bedroom, 2-bathroom unit and $750 for the 1-bedroom, 1-bathroom unit. Additionally, there is the possibility of further optimizing rental income by restoring the property to its full potential, with market rents projected at $1,800 for the 4/2 unit and $900 for the 1/1 unit. The property is being sold in its current condition, providing the perfect canvas for your creative vision and potential renovations. Don't miss out on this unique opportunity to own a piece of history with incredible investment potential. **SELLER WILL CONTRIBUTE 3% TOWARDS CLOSING COSTS**

Details

Property type

Single Family Residence

Est. home value

$203,378

Lot size

7,013 sq ft

Price per sq ft

$118

Year built

1921

Annual property taxes

$5,346.9

Price History

04/11/2024
SanAntonio

SanAntonio #1721769

Listed
$175,000
04/01/2024
SanAntonio

SanAntonio #1721769

Removed
02/07/2024
SanAntonio

SanAntonio #1721769

Price change
$185,000
-7.5%

Schools & Community

Neighborhood: 

Hot Wells

Elementary school: 

Ball

Middle school: 

Call District

High school: 

Highlands

School district: 

San Antonio I.S.D.

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

$77,714
Asking price
$175,000
Closing costs (~8% of asking)
-$14,000
Est. remaining loan balance
-$83,286
Cash to seller
$77,714

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

Seller’s Loan History

Lender

Synergy One Lending

Loan start date

October 2019

Original loan amount

$92,000

Est. remaining balance

$83,286

Interest rate

3.56%

Loan type

New Conventional, 30 year

Seller

Juan Carlos Caballero

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: 07/05/2024 at 5:25 AM

Listing updated: 04/22/2024 at 2:18 AM

Listed by: Elena Barnett, eXp Realty Phone #: (888) 519-7431

MLS: SanAntonio #1721769

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