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$924,000

Beds
4
Baths
3.0
sq ft
2,207

7819 Edgeway Dr, Houston, TX 77055

7819 Edgeway Dr

Houston, TX 77055

  • 40 days on market
    • Price drop $5,000↓
Brick ranch-style home initially purchased in the prestigious Brykerwoods Subdivision of the Memorial Area was intended for a major remodel. However, the owner (and agent) have opted for a different approach. Significant preparatory work has been invested, making it an ideal foundation for potential buyers. This includes tree removal, soil testing, and creation of architectural plans with structural stamps, all to be included in the sale. Collaboration with Toner Home Matters resulted in a detailed prescription of build materials and renders illustrating the home's potential. Additionally, a landscape architect was hired to produce design renders, and both topographic and regular surveys have been conducted, ensuring a comprehensive package for prospective buyers. Situated minutes from downtown, Uptown Park, and CityCentre, the property benefits from its prime location and is zoned to highly acclaimed schools: Hunter's Creek Elementary, Spring Branch Middle, and Memorial High School.

Details

Property type

Single Family Residence

Est. home value

$760,691

Lot size

0.30 acres

Price per sq ft

$419

Year built

1959

Annual property taxes

$17,471

Monthly HOA fee

$30.42

Price History

11/07/2024
Houston

Houston #20220614

Price change
$924,000
-0.54%
10/09/2024
Houston

Houston #20220614

Price change
$929,000
-0.54%
09/29/2024
Houston

Houston #20220614

Listed
$934,000

Schools & Community

Neighborhood: 

Spring Branch East

Elementary school: 

HUNTERS CREEK ELEMENTARY SCHOOL

Middle school: 

SPRING BRANCH MIDDLE SCHOOL (SPRING BRANCH)

High school: 

MEMORIAL HIGH SCHOOL (SPRING BRANCH)

School district: 

Spring Branch

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

$277,356
Asking price
$924,000
Closing costs (~8% of asking)
-$73,920
Est. remaining loan balance
-$572,724
Cash to seller
$277,356

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

Seller’s Loan History

Lender

Paramount Residential Mortgage Group Inc

Loan start date

June 2022

Original loan amount

$647,200

Est. remaining balance

$572,724

Interest rate

4.48%

Loan type

New Conventional, 15 year

Seller

Zain Khan

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: 11/08/2024 at 1:45 PM

Listing updated: 11/07/2024 at 1:23 PM

Listed by: Zain Khan, Gregtxrealty Phone #: (832) 610-3841

MLS: Houston #20220614

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