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$399,000

Beds
2
Baths
2.5
sq ft
1,222

515 W Martin Luther King Dr, San Marcos, TX 78666

515 W Martin Luther King Dr

San Marcos, TX 78666

  • 1 day on market
Downtown living at its best! Walk to the square for lunch or dinner and downtown shops. Come see this unique charming home, 2 bed 2.5 baths, 1222 sq. ft., wood burning fireplace, bamboo wood floors, tile, stainless kitchen, Includes washer stackable washer & dryer and fridge plus tons of built in storage! All xeriscaped (no mowing), fenced back yard with cool storage/work-shed. Tenant occupied till July 31, 2025-Rent currently $1800. Pictures are from when property was vacant.

Details

Property type

Single Family Residence

Est. home value

$295,203

Lot size

3,833 sq ft

Price per sq ft

$327

Year built

2007

HOA

No

Price History

04/01/2025
CentralTexas

CentralTexas #574860

Listed
$399,000

Schools & Community

Neighborhood: 

Dunbar

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

None

High school district: 

San Marcos Cisd

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

$291,677
Asking price
$399,000
Closing costs (~8% of asking)
-$31,920
Est. remaining loan balance
-$75,403
Cash to seller
$291,677

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

Seller’s Loan History

Lender

Swbc Mortgage Corp

Loan start date

June 2007

Original loan amount

$120,000

Est. remaining balance

$75,403

Interest rate

6.16%

Loan type

Not Provided, 30 year

Seller

Kenneth C Stedman and Deborah S Stedman

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?

Status: Active

Tomo last checked: 04/03/2025 at 6:50 PM

Listing updated: 04/02/2025 at 8:05 PM

Listed by: Patricia Fernandez, Hart Properties Phone #: (512) 392-2100

MLS: CentralTexas #574860

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