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$130,000

Beds
3
Baths
2.0
sq ft
1,067

4302 E 61st St, Lubbock, TX 79403

4302 E 61st St

Lubbock, TX 79403

  • 32 days on market
Investors, seize this opportunity in West Texas! This 3-bedroom home presents excellent investment potential in a rapidly growing market. Located near the highway with convenient access to various amenities, it features a spacious layout. The open-plan kitchen includes Formica countertops and vinyl flooring, ideal for appealing to long-term renters. The master suite offers the added benefit of an en-suite bathroom. Outside, a large backyard provides ample room for landscaping. With its proximity to easy access to local amenities and highways, this property offers promising rental returns and would make a valuable addition to your investment portfolio. Don't let this profitable opportunity pass you by!

Details

Property type

Single Family Residence

Est. home value

$123,826

Lot size

9,000 sq ft

Price per sq ft

$122

Year built

2018

Annual property taxes

$2,178

Price History

08/19/2024
Lubbock

Lubbock #202411963

Listed
$130,000

Schools & Community

Elementary school: 

Ervin

Middle school: 

Dunbar College Prepa

High school: 

Estacado

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

$40,823
Asking price
$130,000
Closing costs (~8% of asking)
-$10,400
Est. remaining loan balance
-$78,777
Cash to seller
$40,823

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

October 2020

Original loan amount

$86,250

Est. remaining balance

$78,777

Interest rate

2.91%

Loan type

New Conventional, 30 year

Seller

Blake Odlan Hoffman and Nancy Ann Hoffman

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: 09/20/2024 at 2:25 AM

Listing updated: 08/19/2024 at 5:45 PM

Listed by: Collen J. Melton, Brick & Loft Realty

MLS: Lubbock #202411963

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