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$385,000

Beds
3
Baths
2.0
sq ft
1,500

7112 Avenue L, Houston, TX 77011

7112 Avenue L

Houston, TX 77011

  • 39 days on market
Nestled in EADO just moments from downtown, this delightful property features 3 bedrooms, 2 bathrooms with stainless steel appliances, full-sized washer and dryer, and blinds. Additionally, there is a separate guest house with stackable washer and dryer, blinds, and fridge. The driveway has been widened to accommodate two rows of vehicles within the electric gate. The separate utilities allow for the flexibility of living in one home and renting out the other, or renting both for additional income potential.

Details

Property type

Multi Family

Est. home value

$325,889

Lot size

Unknown

Price per sq ft

$257

Year built

2019

Price History

07/18/2024
Houston

Houston #4944488

Listed
$385,000
06/24/2019
Houston

Houston #70884395

Removed

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

Number of units in community: 

2

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

$141,222
Asking price
$385,000
Closing costs (~8% of asking)
-$30,800
Est. remaining loan balance
-$212,978
Cash to seller
$141,222

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

Seller’s Loan History

Lender

Amcap Mortgage Ltd

Loan start date

June 2019

Original loan amount

$236,000

Est. remaining balance

$212,978

Interest rate

4.1%

Loan type

New Conventional, 30 year

Seller

Michael Morreale and Fabian Morreale

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: Active

Tomo last checked: 08/26/2024 at 7:10 PM

Listing updated: 08/16/2024 at 4:32 PM

Listed by: Alison McGallion, CB&A, Realtors- Loop Central Phone #: (832) 678-4770

MLS: Houston #4944488

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