• Address: Houston, TX 77070 (map)
• Date Posted: 10/01/09
• Bedrooms: 4
• Bathrooms: 2.5
• Size (sq ft): 2653
• Year Built: 1979

Subject-To or Cash Deal in Cypress/ Large and Beautiful House w/ POOL...$50,000 EQUITY
Features
Bedrooms: 4
Bathrooms: 2.5
Parking Spaces: 2
Year Built: 1979
Subdivision: Lakewood Forest
Lot Size: 11,250
Garage Size: 2
School District: Cypress-Fairbanks ISD
Square Footage: 2653
Agent Name: Brian Spitz
Broker: Big State Home Buyers
Equity Spread After Repairs: $50,000
Pricing
Price: $125,000
Flexibility: Negotiable
Additional Pricing Information: ARV is $189,000 Would RENT for up to $1800 a month Repairs are $16,500 Selling for $125,000, obo ASK ABOUT TAKING OVER THE PAYMENTS!!!
Appliances
Range/Oven
Full Refrigerator
Dishwasher
Sink Disposal
Interior Amenities
Fireplace
Hardwood Floors
Wet Bar
Kitchen Island
Vaulted Ceilings
Attic
Exterior Amenities
Patio
Fenced Yard
Swimming Pool
Grass Lawn
Tool Shed
Description

LOCATION: 249 and Louetta

This large home in beautiful Lakewood Forest is available for cash, or you can TAKE OVER THE PAYMENTS with $35k Down.

2,652 sq/ft house on an 11,250 ft lot with a large pool.

4/2.5/2 Brick House with a large game room, bar, large kitchen and formals (master down).

Very nice subdivision with sales from $175k to $210k for similar houses.

Repairs include paint, carpet, minor bathroom updates, replace master garden tub, 5 piers for the foundation and patching sheetrock in kitchen ceiling (from a leak that's been repaired).

Exterior siding had already been replaced, pool equipment in good working order, roof shingles replaced in 2001 (though the decking is cedar).

ARV is $189,000

Would RENT for up to $1800 a month

Repairs are $16,500

Selling for $125,000, obo

Existing mortgage balance is $88,000 FIXED and it is CURRENT. 30 year loan originated in 1992 (SO ONLY 12 YEARS LEFT TO PAY IT OFF). Next payment due in November. Payment is $1050 a month (including tax escrow).

Contact Brian A. Spitz for Details at (713) 263-7466 or

Brian@BigStateHomeBuyers.com

Contact: Brian Spitz | (713) 263-7466 | Brian@BigStateHomeBuyers.com
For additional information, see: http://www.vflyer.com/home/crlk?id=2855160&ps=16 or reply to this ad.

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