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$450,000

Beds
5
Baths
3.0
sq ft
2,133

7010 Richwood Rd, Houston, TX 77087

7010 Richwood Rd

Houston, TX 77087

  • 23 days on market
*Charming Mid-Century Modern Home on Expansive Lot with In-Law Suite* This beautifully remodeled single-story home, originally built in 1961, blends classic charm with modern updates. Boasting 5 bedrooms and 3 bathrooms, this spacious residence sits on a generous 16,722 sq ft lot, offering ample space for entertaining and future projects. The home features a unique private entryway leading to an in-law/guest suite complete with a kitchenette and private bathroom, perfect for extended family stays or hosting guests. The main living area flows seamlessly into a well-appointed outdoor space, featuring a cozy seating area and a fully equipped outdoor kitchen, ideal for family gatherings. The generously sized lot provides plenty of room for parking an RV or boat, making it one of the few properties in the neighborhood with such extensive space. Don’t miss the opportunity to own the only home in the neighborhood with 0.385 acres of land, where privacy and potential await!

Details

Property type

Single Family Residence

Est. home value

$291,837

Lot size

0.39 acres

Price per sq ft

$211

Year built

1961

Annual property taxes

$7,703

Price History

08/24/2024
Houston

Houston #69687498

Listed
$450,000
06/29/2022
Houston

Houston #9912467

Removed

Schools & Community

Neighborhood: 

Golfcrest - Bellfort - Reveille

Elementary school: 

SEGUIN ELEMENTARY SCHOOL (HOUSTON)

Middle school: 

HARTMAN MIDDLE SCHOOL

High school: 

STERLING 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

$27,342
Asking price
$450,000
Closing costs (~8% of asking)
-$36,000
Est. remaining loan balance
-$386,658
Cash to seller
$27,342

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 First Mortgage Services Llc

Loan start date

September 2023

Original loan amount

$390,353

Est. remaining balance

$386,658

Interest rate

6.9%

Loan type

FHA, 30 year

Seller

Glendaliz Mercedes Martinez

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: 09/16/2024 at 12:45 PM

Listing updated: 08/31/2024 at 3:12 PM

Listed by: Kenosha Ben, Realty Associates Phone #: (713) 464-5656

MLS: Houston #69687498

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