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$82,000

Beds
2
Baths
1.0
sq ft
1,088

517 54th St, Lubbock, TX 79404

517 54th St

Lubbock, TX 79404

  • 186 days on market
    • Price drop $500↓
New tenant in place at $850 a month! This would make an excellent option to hold as a rental property, and have cash flow. Great home with recent remodeling, ready for a new owner! 2 bedroom, 1 bathroom home. Has Newer carpet, storm windows, paint inside and out, back yard concrete steps, siding, vinyl flooring, furnace heater and water heater! Professionally managed by True Asset PM. Come check this one out ASAP!

Details

Property type

Single Family Residence

Est. home value

$84,928

Lot size

6,916 sq ft

Price per sq ft

$76

Year built

1954

Annual property taxes

$860

Price History

06/01/2024
Lubbock

Lubbock #202406960

Price change
$82,000
-0.61%
05/24/2024
Lubbock

Lubbock #202406960

Listed
$82,500
03/11/2022
Lubbock

Lubbock #202200839

Removed

Schools & Community

Elementary school: 

Hodges

Middle school: 

Dunbar College Prepa

High school: 

Estacado

School district: 

Lubbock ISD

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

$10,610
Asking price
$82,000
Closing costs (~8% of asking)
-$6,560
Est. remaining loan balance
-$64,830
Cash to seller
$10,610

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

Seller’s Loan History

Lender

Infinity Mortgage Holdings Llc

Loan start date

March 2022

Original loan amount

$68,400

Est. remaining balance

$64,830

Interest rate

3.56%

Loan type

New Conventional, 30 year

Seller

Karsten Petersen and Douglas Peaden

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: 11/26/2024 at 6:20 AM

Listing updated: 09/27/2024 at 8:48 AM

Listed by: Travis Turner, Brick & Loft Realty

MLS: Lubbock #202406960

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