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$625,000

Beds
3
Baths
1.0
sq ft
2,928

7211 Roswell St, Houston, TX 77022

7211 Roswell St

Houston, TX 77022

  • 4 days on market
Fourplex investment property near Lindale Park features a main home and three additional rental units. The three rental units are currently occupied and income producing. Main home features 1,728 SF per Appraisal District, 3 bedrooms and 1 bathroom, living room, dining area, full sized kitchen with stainless steel appliances, and large covered front porch. Rental Units total 1,200 SF per Owner. TWO Rental Units are 2 Bedroom, 1 Bathroom with a living area and kitchen/dining combo, stainless steel appliances, central A/C and heating. ONE Rental Unit is 1 Bedroom and 1 Bathroom with a living area and kitchen/dining combo, and stainless steel appliances, central A/C and heating. Other property amenities include a General generator on the premises, security cameras and ample parking. The home can be owner-occupied while leveraging the current rentals or can be leased out to increase cashflow. The home has not flooded per Seller.

Details

Property type

Single Family Residence

Est. home value

$370,926

Lot size

0.29 acres

Price per sq ft

$214

Year built

1938

Annual property taxes

$7,277

Price History

02/18/2025
Houston

Houston #10507660

Listed
$625,000

Schools & Community

Neighborhood: 

Northside-Northline

Elementary school: 

HERRERA ELEMENTARY SCHOOL (HOUSTON)

Middle school: 

BURBANK MIDDLE SCHOOL

High school: 

SAM HOUSTON MATH SCIENCE AND TECHNOLOGY CENTER

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

$455,819
Asking price
$625,000
Closing costs (~8% of asking)
-$50,000
Est. remaining loan balance
-$119,181
Cash to seller
$455,819

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

Seller’s Loan History

Lender

Home Point Financial Corporation

Loan start date

November 2021

Original loan amount

$147,000

Est. remaining balance

$119,181

Interest rate

2.23%

Loan type

New Conventional, 15 year

Seller

Jared Lofton

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: 02/23/2025 at 12:25 AM

Listing updated: 02/19/2025 at 5:58 PM

Listed by: Diego Jaramillo, Keller Williams Realty Metropolitan Phone #: (713) 621-8001

MLS: Houston #10507660

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