tomo logo

$219,000

Beds
3
Baths
2.0
sq ft
1,650

5202 16th St, Lubbock, TX 79416

5202 16th St

Lubbock, TX 79416

  • 58 days on market
Meticulously maintained home situated in a desirable neighborhood, close TTU & LCU. New roof installed February 2025! Freshly painted interior, newly installed fixtures include Maytag dishwasher, kitchen faucet, ceiling fan and garage door motor. This home is move in ready for your growing family or college students.

Details

Property type

Single Family Residence

Est. home value

$209,872

Lot size

8,050 sq ft

Price per sq ft

$133

Year built

1970

Annual property taxes

$3,437

Price History

01/23/2025
Lubbock

Lubbock #202417304

Listed
$219,000
01/18/2025
Lubbock

Lubbock #202417304

Pending
$219,000
12/30/2024
Lubbock

Lubbock #202417304

Listed
$219,000

Schools & Community

Elementary school: 

Hardwick

Middle school: 

Mackenzie

High school: 

Coronado

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

$85,035
Asking price
$219,000
Closing costs (~8% of asking)
-$17,520
Est. remaining loan balance
-$116,445
Cash to seller
$85,035

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

Seller’s Loan History

Lender

State Farm Bank Fsb

Loan start date

November 2019

Original loan amount

$130,500

Est. remaining balance

$116,445

Interest rate

3.56%

Loan type

New Conventional, 30 year

Seller

Jeff C Gilbert and Sherri E Gilbert

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: 02/27/2025 at 9:55 AM

Listing updated: 02/21/2025 at 12:42 PM

Listed by: Justin Wright, Justin Wright Real Estate Phone #: (806) 441-3175

MLS: Lubbock #202417304

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