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$250,000

Beds
4
Baths
3.0
sq ft
2,250

3501 48th St, Lubbock, TX 79413

3501 48th St

Lubbock, TX 79413

  • 29 days on market
Don't miss out on this RARE find! Discover this versatile gem in the heart of Central Lubbock, just minutes away from Texas Tech University and Lubbock Christian University! This property offers an incredible investment opportunity or the perfect setup for multi-generational living. The main house features 3 bedrooms, 2 baths with large living space. The separate apartment includes a cozy kitchen and living room, a large bedroom with built-ins, a full bathroom, and a private entrance for added convenience and rental potential. Whether you're looking for a place to call home, an investment property, or both, 3501 48th St is full of possibilities.

Details

Property type

Single Family Residence

Est. home value

$228,247

Lot size

7,583 sq ft

Price per sq ft

$112

Year built

1955

Annual property taxes

$3,769

Price History

11/23/2024
Lubbock

Lubbock #202415832

Listed
$250,000
01/07/2022
Lubbock

Lubbock #202111853

Removed

Schools & Community

Neighborhood: 

Maedgen Area

Elementary school: 

Maedgen

Middle school: 

Hutchinson

High school: 

Lubbock

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

$63,218
Asking price
$250,000
Closing costs (~8% of asking)
-$20,000
Est. remaining loan balance
-$166,782
Cash to seller
$63,218

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

Seller’s Loan History

Lender

Texas Tech Fcu

Loan start date

January 2022

Original loan amount

$177,750

Est. remaining balance

$166,782

Interest rate

3.1%

Loan type

New Conventional, 30 year

Seller

Rodney Jay Martin

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: 12/22/2024 at 4:40 AM

Listing updated: 12/16/2024 at 3:41 PM

Listed by: Danae Barker, Williams & Company Real Estate

MLS: Lubbock #202415832

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