tomo logo

$190,069Estimated home value

Beds
3
Baths
1.0
sq ft
1,217

7934 Lynette St, Houston, TX 77028

7934 Lynette St

Houston, TX 77028

  • Sold On 7/18/2024
    • Price drop $20,000↓
Serious buyers only! No lower offers will be considered! This 3-bedroom, 1-bathroom home is nestled in the Trinity/Houston Gardens area, just a 15-minute drive from Downtown Houston. Recently remodeled, it boasts a modern kitchen, updated bathroom, and stylish enhancements including new flooring, paint, and fixtures. Ideal for investors seeking a turnkey property with immediate rental income potential.

Details

Property type

Single Family Residence

Est. home value

$190,069

Lot size

7,802 sq ft

Price per sq ft

$136

Year built

1960

Annual property taxes

$3,794

Price History

07/17/2024
Houston

Houston #12899460

Removed
07/04/2024
Houston

Houston #12899460

Pending
$165,000
07/02/2024
Houston

Houston #12899460

Listed
$165,000

Schools & Community

Neighborhood: 

East Houston

Elementary school: 

HILLIARD ELEMENTARY SCHOOL

Middle school: 

FOREST BROOK MIDDLE SCHOOL

High school: 

NORTH FOREST HIGH SCHOOL

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

$53,112
Asking price
$165,000
Closing costs (~8% of asking)
-$13,200
Est. remaining loan balance
-$98,688
Cash to seller
$53,112

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

Seller’s Loan History

Lender

United Wholesale Mortgage

Loan start date

May 2020

Original loan amount

$108,000

Est. remaining balance

$98,688

Interest rate

3.65%

Loan type

New Conventional, 30 year

Seller

Willie B Franks and Lashree Cooper Franks

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: Off Market

Tomo last checked: 10/04/2024 at 8:15 PM

Listing updated: 07/18/2024 at 9:37 AM

Listed by: Breona Jeter, Realm Real Estate Professionals - Katy Phone #: (281) 598-5800

MLS: Houston #12899460

Houston logo

Recently listed in Houston

$415,000|3 bd|2.5 ba|House
$1,150,000|4 bd|3.0 ba|House
$390,000|2 bd|2.0 ba|Townhouse
$3,900,000|4 bd|6.0 ba|House
$755,000|3 bd|3.5 ba|House