Available
$30,000(ARV: $185,000)16% of ARV

Harris County, Spring, TX 77373

2 bd1 ba806 sfBuilt 1983

13 days ago

Gross spread$155,000

Description

Take advantage of this Subject-To acquisition opportunity with an existing low-equity mortgage in place. Buyer will acquire the property by taking over the existing financing and stepping into the seller’s current loan terms. Deal Summary Entry Price: $30,000 Current Loan Balance: $171,182.83 Original Loan Amount: $176,739.00 Loan Origination Date: 09/02/2022 Loan Maturity Date: 10/01/2052 Interest Rate: 6.875% Monthly Payment (PITI): $1,951.70 • Principal & Interest: $980.74 • Escrow: $790.65 • Outstanding Fee: $180.31 Acquisition Details • Buyer takes over existing financing subject-to current mortgage terms. • Property sold as-is. • Buyer responsible for closing costs. • Great opportunity for investors looking for a long-term hold, rental property, or creative finance acquisition. Why This Deal? Existing financing already in place No need to obtain new traditional financing Opportunity to control an asset with a low upfront entry point Ideal for buy-and-hold investors, landlords, and creative finance buyers Property: Serious buyers only. Contact for additional details and access to the full deal package. 23223 Tree House Ln~1,200 sq ft3/2~$166,000 (estimated 23235 Tree House Ln~1,000 sq ft3/2~$177,700 (estimated) 23231 Tree House Ln997 sq ft2/1~$148,000 (estimated) 23207 Tree House Ln997 sq ft2/1.5~$157,000 Redfin Estimate CONTACT- [contact details hidden]

$/sqft vs market

This deal$37/sqft
Market median$156/sqft
Difference76% below

Median of 50 comparable listings matched on ZIP + property type. A narrow sample moves a lot; read it as context, not as a valuation.

Property

Bedrooms2
Bathrooms1
Square feet806
Lot size6,621 sf
Year built1983
ConditionTurn Key
OccupancyOwner Occupied
ParkingAssigned

Systems & condition

HeatingOther
Air conditioningCentral AC
FoundationOther
Foundation conditionExcellent

Self-reported by the seller. Not inspected.

Seller

CompanyWithheld
Disposition repWithheld
Documents on file0
Views on the source listing133
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