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$1,490,615Estimated home value

Beds
3
Baths
3.5
sq ft
3,508

5820 Lake St, Houston, TX 77005

5820 Lake St

Houston, TX 77005

  • Off market
Elegant and stylish.. 5820 Lake is a stunning traditional home that blends classic elegance with modern amenities. Situated on a prime corner lot in a desirable neighborhood, this residence exudes timeless appeal with its classic architecture and inviting ambiance. Thoughtfully designed layout includes a spacious open family room, a delightful dining room and a well appointed kitchen, ideal for culinary adventures and family gatherings. Large windows illuminate the spaces with natural light, and warm wood floors create a welcoming atmosphere throughout. The second floor offers 3 generously sized bedrooms with en-suite bathrooms. The expansive primary bedroom is a true haven, complete with two walk-in closets & a private study/flex room within the suite, providing the perfect space for work or relaxation. The spacious backyard with covered veranda is an ideal spot for morning coffee or outdoor gatherings. Steps away from the Rice Village shopping and dining.. a GEM!

Details

Property type

Single Family Residence

Est. home value

$1,490,615

Lot size

5,001 sq ft

Price per sq ft

$442

Year built

1999

Annual property taxes

$25,250

Price History

07/03/2024
Houston

Houston #4892787

Removed
05/31/2024
Houston

Houston #4892787

Listed
$1,550,000
12/16/2021
Houston

Houston #23600121

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

$478,212
Asking price
$1,550,000
Closing costs (~8% of asking)
-$124,000
Est. remaining loan balance
-$947,788
Cash to seller
$478,212

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

Seller’s Loan History

Lender

Bank Of America Na

Loan start date

December 2021

Original loan amount

$1,000,000

Est. remaining balance

$947,788

Interest rate

3.14%

Loan type

New Conventional, 30 year

Seller

Sarah Branfman

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: 07/05/2024 at 11:05 PM

Listing updated: 06/13/2024 at 6:03 PM

Listed by: Tahira Syed, Compass RE Texas, LLC - Houston Phone #: (832) 899-4788

MLS: Houston #4892787

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