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$134,900

Beds
2
Baths
1.0
sq ft
1,014

4586 Highway 69 S, Kountze, TX 77625

4586 Highway 69 S

Kountze, TX 77625

  • 46 days on market
    • Price drop $5,000↓
Live here and collect a guaranteed income stream that is already in place for the next 22 years with a billboard on the property! *INVESTORS* This house makes for a great rental property as well, giving you 2 income streams in 1! This charming 2-bedroom, 1-bathroom home has been thoughtfully updated and offers a perfect blend of modern comfort and convenience. Located just off a well-traveled highway, this property boasts easy access to major routes, making commuting a breeze and providing great visibility for those seeking a home with potential for a small business or added exposure. The interior has been beautifully renovated, featuring fresh paint, new flooring, and updated fixtures that create a bright and welcoming atmosphere. ***GUARANTEED INCOME PRODUCING***This property transfers an Income Producing 30 year Billboard Lease in place. Annual Payout: Year 1-10 $2400/year, Year 11-20 $3000/year, Years 21-30 $3600/year. New Aerobic System installed 1 year ago.

Details

Property type

Single Family Residence

Est. home value

$70,418

Lot size

0.28 acres

Price per sq ft

$134

Year built

Unknown

Annual property taxes

$630

HOA

No

Price History

12/06/2024
Beaumont

Beaumont #253311

Price change
$134,900
-3.57%
11/09/2024
Beaumont

Beaumont #253311

Listed
$139,900

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

Kountze

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

$119,522
Asking price
$134,900
Closing costs (~8% of asking)
-$10,792
Est. remaining loan balance
-$4,586
Cash to seller
$119,522

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

Seller’s Loan History

Lender

Leland F Miller Etal

Loan start date

December 2010

Original loan amount

$54,000

Est. remaining balance

$4,586

Interest rate

3.64%

Loan type

Not Provided, 15 year

Seller

Louis Ethridge

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: 12/25/2024 at 7:10 AM

Listing updated: 12/06/2024 at 12:20 PM

Listed by: CORY HOLLEY, WEICHERT REALTORS- THE HATMAKER GROUP

MLS: Beaumont #253311

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