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$299,900

Beds
3
Baths
1.0
sq ft
1,176

7038 Canal St, Houston, TX 77011

7038 Canal St

Houston, TX 77011

  • 320 days on market
This cute little bungalow home is nestled in the heart of the traditional Magnolia Neighborhood also known as Central Park. Open floorplan offers 3 bedrooms and 1 bath. Within walking distance from school and very accessible to 45, 610, and I-10. Only minutes away from Downtown and The Medical Center. Fantastic location in the East End! Currently, the tenant is occupied month to month.

Details

Property type

Single Family Residence

Est. home value

$204,796

Lot size

5,502 sq ft

Price per sq ft

$256

Year built

1930

Annual property taxes

$3,349

Price History

01/06/2024
Houston

Houston #84766633

Listed
$299,900

Schools & Community

Neighborhood: 

Magnolia Park

Elementary school: 

FRANKLIN ELEMENTARY SCHOOL (HOUSTON)

Middle school: 

EDISON MIDDLE SCHOOL

High school: 

AUSTIN 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

$212,927
Asking price
$299,900
Closing costs (~8% of asking)
-$23,992
Est. remaining loan balance
-$62,981
Cash to seller
$212,927

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

Seller’s Loan History

Lender

Suntrust Mortgage Inc

Loan start date

January 2015

Original loan amount

$79,802

Est. remaining balance

$62,981

Interest rate

3.89%

Loan type

FHA, 30 year

Seller

Armando Martinez and Angelica L 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: 11/22/2024 at 3:25 AM

Listing updated: 10/29/2024 at 12:28 PM

Listed by: Joel Arredondo, RE/MAX 5 Star Realty Phone #: (832) 447-7653

MLS: Houston #84766633

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