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$351,551Estimated home value

Beds
3
Baths
2.0
sq ft
2,921

5401 88th St, Lubbock, TX 79424

5401 88th St

Lubbock, TX 79424

  • Sold On 10/29/2024
    • Price drop $8,000↓
Welcome to this charming 3-bedroom, 2-bathroom home with a BASEMENT, in the Meadows! This beautifully maintained property features a spacious living area and a beautiful kitchen and dining area. Enjoy the primary bedroom located upstairs with an enclosed cedar balcony. Unwind in the spacious primary bathroom with a large soaking tub. You'll love entertaining in the backyard with an 8 ft privacy fence and a storage shed with plenty of room. Situated in a friendly neighborhood on a corner lot, this home is located near Preston Smith elementary, parks, shopping, and dining, as well as easy access to Loop 289 and the Marsha Sharp Freeway. Schedule a showing today and make this property your new home!

Details

Property type

Single Family Residence

Est. home value

$351,551

Lot size

9,775 sq ft

Price per sq ft

$128

Year built

1981

Annual property taxes

$5,927

Price History

10/23/2024
Lubbock

Lubbock #202409281

Removed
09/24/2024
Lubbock

Lubbock #202409281

Pending
$371,900
07/19/2024
Lubbock

Lubbock #202409281

Price change
$371,900
-2.11%

Schools & Community

Neighborhood: 

Preston Smith

Elementary school: 

Smith

Middle school: 

Irons

High school: 

Coronado

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

$58,158
Asking price
$371,900
Closing costs (~8% of asking)
-$29,752
Est. remaining loan balance
-$283,990
Cash to seller
$58,158

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

Seller’s Loan History

Lender

First Rate Financial Group

Loan start date

August 2022

Original loan amount

$292,500

Est. remaining balance

$283,990

Interest rate

5.7%

Loan type

New Conventional, 30 year

Seller

Richard Hallett

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?

Status: Off Market

Tomo last checked: 11/03/2024 at 6:50 AM

Listing updated: 10/30/2024 at 12:14 AM

Listed by: Barbara Henson, Better Homes and Gardens Blu Realty

MLS: Lubbock #202409281

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