***Westhaven Estates**
5918 San Felipe Street #11
Houston, Texas 77057
Price $19,900
Year Built: 1977/ Appr Dist
SqFt: 1664 / Appr Dist
Lot Size: 2704/ Appr Dist
2 Bedrooms
2.5 Bath
School District: 27 – Houston Elem: BRIARGROVE ELEMENTARY SCHOOL
Middle: TANGLEWOOD MIDDLE SCHOOL High: WISDOM HIGH SCHOOL
2nd Middle:
“Subject to” the existing loan deal in Galleria in highly sought after Westhaven Estates. Unique opportunity to take over payments in the hottest location in town without qualifying for a new loan. $274,393 existing loan with 27 years left. Loan is at 4.5 % fixed interest rate and $1,670.04 monthly payment (principal + interest + taxes. Insurance is paid by HOA out of their monthly fee which is $300 per month). DOWN PAYMENT ONLY $25,000. $3,000 deposit to lock the deal.
Perfect for investor with a long outlook. Get in SUPER LOW for $19,900 OBO with rents at about $2,350 (see last slide with rental comps for 2 bedroom townhomes in Westhaven Estates at $1.42 per sf) and then cash out handsomely once equity has built up OR sell to owner occupant with wrap note at the higher price and 9.95% + interest rate and sell at $350,000 + and collect the difference in payments. PERFECT for friends and family members that are looking for a home in this part of town without qualifying for a loan! Subject to deals like this in this type of neighborhood don’t come along often. 2023 HCAD value at $420,294. The home needs typical repairs for its age and foundation repair for which estimate is included on the last 4 slides prior to rental estimate. Hurry!
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