tomo logo

$240,000

Beds
4
Baths
2.0
sq ft
1,922

5431 16th St, Lubbock, TX 79416

5431 16th St

Lubbock, TX 79416

  • 95 days on market
Discover your dream home in this spacious 4 bedroom, 2 bathroom gem, perfect for comfortable living and entertaining. Minutes from hospitals, Tech, LCU! Meticulously maintained! Open Kitchen/family room. The heart of the home is a welcoming family room, complete with a beautiful fireplace & custom built-in cabinetry; ideal for displaying your favorite books or decor. You'll love the updated kitchen that is light and bright with granite! A huge breakfast bar has plenty of room for several stools. A separate building out back houses a hot tub which is perfect to unwind after a long day.Take advantage of the storm cellar for added peace of mind during unpredictable weather.2 car garage plus and additional parking space with sliding gate for security. There is a storage shed attached to extra parking. Two raised planters are perfect for growing your own vegetables or flowers with plenty of room to add lots more planters - endless possibilities here! Don't miss out on this unique property!

Details

Property type

Single Family Residence

Est. home value

$228,448

Lot size

9,960 sq ft

Price per sq ft

$125

Year built

1965

Annual property taxes

$2,729

Price History

10/22/2024
Lubbock

Lubbock #202412170

Listed
$240,000
09/02/2024
Lubbock

Lubbock #202412170

Pending
$240,000
08/23/2024
Lubbock

Lubbock #202412170

Listed
$240,000

Schools & Community

Elementary school: 

Hardwick

Middle school: 

Mackenzie

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

$40,173
Asking price
$240,000
Closing costs (~8% of asking)
-$19,200
Est. remaining loan balance
-$180,627
Cash to seller
$40,173

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

Seller’s Loan History

Lender

City Bank

Loan start date

May 2021

Original loan amount

$194,750

Est. remaining balance

$180,627

Interest rate

3.13%

Loan type

New Conventional, 30 year

Seller

Samuel Akin and Allison Akin

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: 11/26/2024 at 4:20 AM

Listing updated: 11/12/2024 at 3:21 PM

Listed by: Libby Draughon, Clear Rock Realty

MLS: Lubbock #202412170

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