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$199,995

Beds
5
Baths
3.0
sq ft
4,225

517 Lee St, Sulphur Springs, TX 75482

517 Lee St

Sulphur Springs, TX 75482

  • 116 days on market
    • Price drop $33,005↓
Attention Investors... Large at 4225 sf, 2 story brick with 5 bedrooms, 2.5 baths, formals, walkin closets, gas and electric, hvac, circle drive, 3 fireplaces, 2 car side entry garage, corner lot, patio, privacy fence. Selling as is. Needs lots of work. Buyer to pay all closing costs except Realtor. Seller will consider financing with 50% down.

Details

Property type

Single Family Residence

Est. home value

$199,616

Lot size

0.3214 acres

Price per sq ft

$48

Year built

1970

Price History

10/15/2024
NTREIS

NTREIS #20688026

Price change
$199,995
07/29/2024
NTREIS

NTREIS #20439188

Removed
07/29/2024
NTREIS

NTREIS #20688026

Listed
$233,000

Schools & Community

Elementary school: 

Sulphurspr

Middle school: 

Sulphurspr

High school: 

Sulphurspr

School district: 

Sulphur Springs 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

$66,715
Asking price
$199,995
Closing costs (~8% of asking)
-$16,000
Est. remaining loan balance
-$117,280
Cash to seller
$66,715

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

Seller’s Loan History

Lender

Herring Bank

Loan start date

March 2014

Original loan amount

$150,496

Est. remaining balance

$117,280

Interest rate

4.32%

Loan type

FHA, 30 year

Seller

Ray Soles and Gina Soles

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: 11/23/2024 at 11:15 AM

Listing updated: 10/16/2024 at 8:27 AM

Listed by: Marlin Jones, Freedom Realty Phone #: (903) 335-8921

MLS: NTREIS #20688026

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