tomo logo

$710,000

Beds
2
Baths
2.5
sq ft
2,451

5310 Mercer St, Houston, TX 77005

5310 Mercer St

Houston, TX 77005

  • 4 days on market
Step into refined living with this bright, contemporary townhome in Auburn Place, West U. Enter the 2nd floor to a spacious living area with floor-to-ceiling windows, high ceilings, and a marble wet bar with a wine fridge. The Carrara marble kitchen features custom cabinetry, a glass tile backsplash, Thermador appliances, and a built-in KitchenAid fridge. An elegant powder room includes Hans Grohe fixtures and a floating vessel sink. The 3rd floor master suite offers built-ins, a Brazilian quartzite bath with DXV fixtures, and a walk-in closet. The 1st floor has a secondary bedroom with a full bath, access to a landscaped yard with bistro lights, and a laundry room. Upgrades: new roof (2021), new A/C systems (2022, 2023), remodeled bathrooms (2020), Oak wood flooring, and a Denon/Heos sound system. Highlights: Lutron lighting, Hunter Douglas blinds, double-pane windows, and Emtek hardware. Zoned to West University School, near West University Recreation Center and Colonial Park Pool.

Details

Property type

Townhouse

Est. home value

$664,800

Lot size

Unknown

Price per sq ft

$290

Year built

1981

Annual property taxes

$8,782

Monthly HOA fee

$291.67

Price History

06/27/2024
Houston

Houston #32389841

Listed
$710,000
07/31/2020
Houston

Houston #50021677

Removed

Schools & Community

Elementary school: 

WEST UNIVERSITY ELEMENTARY SCHOOL

Middle school: 

PERSHING MIDDLE SCHOOL

High school: 

LAMAR HIGH SCHOOL (HOUSTON)

School district: 

Houston

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

$344,557
Asking price
$710,000
Closing costs (~8% of asking)
-$56,800
Est. remaining loan balance
-$308,643
Cash to seller
$344,557

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

Seller’s Loan History

Lender

Republic State Mortgage Co

Loan start date

July 2020

Original loan amount

$398,000

Est. remaining balance

$308,643

Interest rate

2.62%

Loan type

New Conventional, 15 year

Seller

Hugo A Lozano Resendez and Paloma Lozano

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: 07/01/2024 at 10:35 AM

Listing updated: 06/30/2024 at 4:14 PM

Listed by: Luis G. Lopez Calle, Compass RE Texas, LLC - Houston Phone #: (832) 899-4788

MLS: Houston #32389841

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