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$245,000

Beds
3
Baths
2.5
sq ft
1,854

7311 Log Cradle Dr, Houston, TX 77041

7311 Log Cradle Dr

Houston, TX 77041

  • 61 days on market
    • Price drop $4,990↓
Located in sought after Chimney Hill zoned to Cy-Fair ISD. This remodeled 3/2.5 home features a functional, open floor plan perfect for those looking for plenty of living space. The first floor includes a spacious family room w/ cozy fireplace, kitchen w/ granite counters and SS appliances, dining room, powder bath and laundry room. Three bedrooms + 2 full remodeled baths upstairs w/ granite counters and updated fixtures. Large backyard offers plenty of space to entertain and play.

Details

Property type

Single Family Residence

Est. home value

$237,779

Lot size

5,776 sq ft

Price per sq ft

$133

Year built

1979

Monthly HOA fee

$32.92

Price History

10/15/2024
Houston

Houston #72258287

Price change
$245,000
-2%
10/02/2024
Houston

Houston #72258287

Price change
$249,990
09/23/2024
Houston

Houston #13855938

Removed

Schools & Community

Elementary school: 

HAIRGROVE ELEMENTARY SCHOOL

Middle school: 

LABAY MIDDLE SCHOOL

High school: 

CYPRESS FALLS HIGH SCHOOL

School district: 

Cypress-Fairbanks

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

$39,412
Asking price
$245,000
Closing costs (~8% of asking)
-$19,600
Est. remaining loan balance
-$185,988
Cash to seller
$39,412

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

Seller’s Loan History

Lender

Guaranteed Rate Inc

Loan start date

January 2024

Original loan amount

$187,500

Est. remaining balance

$185,988

Interest rate

7.22%

Loan type

New Conventional, 30 year

Seller

Olakunle Banjoko and Hanatu Kadir

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: 11/23/2024 at 9:15 AM

Listing updated: 10/15/2024 at 4:34 PM

Listed by: Darby Grimmett, Compass RE Texas, LLC - The Heights Phone #: (832) 899-4788

MLS: Houston #72258287

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