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$234,000

Beds
3
Baths
1.0
sq ft
1,411

4927 Mercedes Ln, Houston, TX 77022

4927 Mercedes Ln

Houston, TX 77022

  • 56 days on market
    • Price drop $5,500↓
Nestled on a coveted corner lot, 3-bed, 1-bath brick home offers a spacious layout and ample outdoor space. The property features a large yard. Situated in a no-restrictions area, you have the freedom to customize as desired. A water filter and softener ensure top-quality water for your household. Enjoy independent backyard access from the side street, perfect for parking or storage. With its classic brick facade and convenient location, this property is a prime opportunity for both homeowners and investors.

Details

Property type

Single Family Residence

Est. home value

$218,071

Lot size

7,471 sq ft

Price per sq ft

$166

Year built

1955

Annual property taxes

$3,986

Price History

02/06/2025
Houston

Houston #22486341

Price change
$234,000
-2.3%
01/22/2025
Houston

Houston #22486341

Listed
$239,500
01/23/2023
Houston

Houston #16343606

Removed

Schools & Community

Neighborhood: 

Independence Heights

Elementary school: 

KENNEDY ELEMENTARY SCHOOL (HOUSTON)

Middle school: 

WILLIAMS MIDDLE SCHOOL

High school: 

WASHINGTON HIGH SCHOOL

School district: 

Houston

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

$25,379
Asking price
$234,000
Closing costs (~8% of asking)
-$18,720
Est. remaining loan balance
-$189,901
Cash to seller
$25,379

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

Seller’s Loan History

Lender

Bokf Na

Loan start date

January 2023

Original loan amount

$194,750

Est. remaining balance

$189,901

Interest rate

6.33%

Loan type

New Conventional, 30 year

Seller

Yudet Iglesias Corvo

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: 03/20/2025 at 6:00 AM

Listing updated: 02/06/2025 at 9:38 AM

Listed by: Kleber Gonzalez, KG Real Estate LLC Phone #: (281) 660-7278

MLS: Houston #22486341

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