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$747,500

Beds
4
Baths
3.5
sq ft
2,206

501 E Robinson Ave, El Paso, TX 79902

501 E Robinson Ave

El Paso, TX 79902

  • 15 days on market
Quintessential Kern + Investment Opportunity. All of the style and modern comforts come together in this gorgeous property with two guest houses (or income properties). The main home is 2206 sq ft with two spacious bedrooms PLUS office (which could be easily converted to a bedroom). Fantastic primary suite with walk in closet. Light and bright kitchen adjacent to dining and living spaces. Two casitas add another 640 sq ft totaling over 2846 sq ft of modern living while maintaining that old world charm. Refrigerated a/c. Newly coated roof. Upgraded electrical panel and plumbing. Located across from the Billy Rogers Arroyo with miles of hiking and biking into the Palisades and Crazy Cat mountain. Close to UTEP, Providence Memorial and Las Palmas hospitals, El Paso Tennis Club and Mesita Park. Quick drive downtown OR take the trolley to catch the symphony, opera, a show at the Plaza, or for Chihuahua or Locomotives games!

Details

Property type

Single Family Residence

Est. home value

$731,779

Lot size

9,598 sq ft

Price per sq ft

$339

Year built

1929

Annual property taxes

$12,314

Price History

06/25/2024
ElPaso

ElPaso #903583

Listed
$747,500

Schools & Community

Neighborhood: 

Central

Elementary school: 

Mesita

Middle school: 

Wiggs

High school: 

Elpaso

High school district: 

El Paso

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

$212,678
Asking price
$747,500
Closing costs (~8% of asking)
-$59,800
Est. remaining loan balance
-$475,022
Cash to seller
$212,678

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

Seller’s Loan History

Lender

Union Home Mortgage Corp

Loan start date

November 2021

Original loan amount

$502,750

Est. remaining balance

$475,022

Interest rate

3.01%

Loan type

New Conventional, 30 year

Seller

Raymundo Rocha and Erica Rocha

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: 07/03/2024 at 11:35 AM

Listing updated: 06/29/2024 at 12:05 AM

Listed by: Lynn Westbrook, eXp Realty LLC Phone #: (253) 576-5402

MLS: ElPaso #903583

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