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$195,000

Beds
2
Baths
1.0
sq ft
725

504 Pate St, Cleveland, TX 77328

504 Pate St

Cleveland, TX 77328

  • 980 days on market
    • Price drop $55,000↓
INVESTMENT OPPORTUNITY located on prime US 59 (I-69) frontage road that intersects with FM 2025. This property has been successfully and consistently used as rental income for many years. Classified by the county as real property, this property can be used as commercial or residential. Easy access to I-69 . Don't miss out on this opportunity. PROPERTY IS OCCUPIED. PLEASE DO NOT STOP BY AND KNOCK ON THE DOOR!

Details

Property type

Single Family Residence

Est. home value

$190,166

Lot size

0.69 acres

Price per sq ft

$269

Year built

1940

Annual property taxes

$3,384

Price History

07/08/2023
Houston

Houston #90367748

Listed
$195,000

Schools & Community

Elementary school: 

NORTHSIDE ELEMENTARY SCHOOL (CLEVELAND)

Middle school: 

CLEVELAND MIDDLE SCHOOL

High school: 

CLEVELAND HIGH SCHOOL

School district: 

Cleveland

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

$152,118
Asking price
$195,000
Closing costs (~8% of asking)
-$15,600
Est. remaining loan balance
-$27,282
Cash to seller
$152,118

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

Seller’s Loan History

Lender

5G Inc

Loan start date

November 2005

Original loan amount

$47,900

Est. remaining balance

$27,282

Interest rate

5.74%

Loan type

Not Provided, 30 year

Seller

Patricia Matthews

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: 11/22/2024 at 9:25 PM

Listing updated: 06/03/2024 at 11:13 AM

Listed by: Tommy Bowen, JLA Realty Phone #: (713) 489-8130

MLS: Houston #90367748

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