tomo logo

$350,000

Beds
4
Baths
3.5
sq ft
2,993

5720 83rd Ln, Lubbock, TX 79424

5720 83rd Ln

Lubbock, TX 79424

  • 11 days on market
*Concessions of up to $10,500 with acceptable offer* If you're looking for a charming home at a great price in an adorable neighborhood, this 4/3.5/2.5 is a must see! Located in Preston Hills, just minutes from shopping, restaurants, and highly rated schools, the home has great curb appeal, boasting established landscaping and trees. Inside you'll find two living areas plus a large sunroom, an outstanding kitchen, and a spacious dining room as well as a breakfast nook. The kitchen offers plenty of counter space and storage, stainless steel appliances, and a peninsula with bar seating. The primary suite is a true oasis, featuring a double sink vanity, plenty of storage, and a large closet. Meticulously maintained and priced to sell, this home is ready for new owners - schedule a private showing today!

Details

Property type

Single Family Residence

Est. home value

$399,868

Lot size

7,810 sq ft

Price per sq ft

$117

Year built

1993

Annual property taxes

$6,970

Price History

10/25/2024
Lubbock

Lubbock #202414996

Listed
$350,000
09/26/2024
Lubbock

Lubbock #202411986

Removed
09/23/2024
Lubbock

Lubbock #202411986

Price change
$363,750
-3%

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

$111,847
Asking price
$350,000
Closing costs (~8% of asking)
-$28,000
Est. remaining loan balance
-$210,153
Cash to seller
$111,847

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

Seller’s Loan History

Lender

Texas Tech Fcu

Loan start date

March 2020

Original loan amount

$232,000

Est. remaining balance

$210,153

Interest rate

3.47%

Loan type

New Conventional, 30 year

Seller

Russell Gene Hornbeck

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: 11/04/2024 at 10:30 PM

Listing updated: 10/31/2024 at 2:31 PM

Listed by: Stacey Rogers, Keller Williams Realty

MLS: Lubbock #202414996

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