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$190,000

Beds
5
Baths
3.0
sq ft
2,432

517 N Merchant St, Sour Lake, TX 77659

517 N Merchant St

Sour Lake, TX 77659

  • 17 days on market
Seller Financing deal in the heart of Sour Lake and HJ School District. This large 5 bed 3 bath house offers plenty of room for the family. Nice back porch to just relax and a fenced back yard for the pets. Come put you touch on this place and make it your new home.

Details

Property type

Mobile Home

Lot size

0.27 acres

Price per sq ft

$79

Year built

Unknown

Annual property taxes

$2,360.44

HOA

No

Price History

12/06/2024
Beaumont

Beaumont #253903

Listed
$190,000
12/05/2024
Beaumont

Beaumont #245886

Removed
02/27/2024
Beaumont

Beaumont #245886

Listed
$190,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

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

$22,550
Asking price
$190,000
Closing costs (~8% of asking)
-$15,200
Est. remaining loan balance
-$152,250
Cash to seller
$22,550

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

Seller’s Loan History

Lender

Thrive Mortgage Llc

Loan start date

December 2021

Original loan amount

$162,600

Est. remaining balance

$152,250

Interest rate

3.09%

Loan type

FHA, 30 year

Seller

Joshua Wheat and Edith Valdez

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: 12/24/2024 at 10:20 AM

Listing updated: 12/06/2024 at 11:20 AM

Listed by: Michael Buffington, Triangle Real Estate, LLC

MLS: Beaumont #253903

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