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$384,312Estimated home value

Beds
3
Baths
3.0
sq ft
2,705

1 Lynn Ln, Mineral Wells, TX 76067

1 Lynn Ln

Mineral Wells, TX 76067

  • Off market
RARE TREASURE FOUND: Family Ranch Style Home on 5.26 acres inside the city limits. RIGHT HERE. Very unique piece of property overlooking Upham Valley to the West. Gorgeous entry driveway, secluded from the main road. Plenty of trees to keep your privacy. Lots of room to roam or add additional structures. Three Bedrooms, Two and a half bathrooms. Office is currently being used for 4th bedroom. Fireplace, Tile floors, updated kitchen countertops, Roof and Windows recently updated. Circular driveway, two outbuildings for storage. There is an attached porte cochere, a horse shed with fencing, an air conditioned workshop, and another storage building. There is a fenced in backyard for domestic animals, and a basketball court in an opening surrounded by trees. There is a small bridge going to the house, and a lot of nice landscaped rock work. PRIVACY AND LOCATION CANNOT BE BETTER. Country Setting with Wildlife out the back door. Amenities EXCEED all the LIMITS.

Details

Property type

Single Family Residence

Est. home value

$384,312

Lot size

5.62 acres

Price per sq ft

$222

Year built

1960

Annual property taxes

$7,249

Price History

09/13/2024
NTREIS

NTREIS #20519083

Removed
01/24/2024
NTREIS

NTREIS #20519083

Listed
$599,999
05/04/2020
NTREIS

NTREIS #14203084

Removed

Schools & Community

Elementary school: 

Lamar

Middle school: 

Mineralwel

High school: 

Mineralwel

School district: 

Mineral Wells ISD

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

$361,396
Asking price
$599,999
Closing costs (~8% of asking)
-$48,000
Est. remaining loan balance
-$190,603
Cash to seller
$361,396

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

Seller’s Loan History

Lender

Gateway First Bank

Loan start date

May 2020

Original loan amount

$208,587

Est. remaining balance

$190,603

Interest rate

3.65%

Loan type

FHA, 30 year

Seller

Jeramy G Gadd and Natalie M Gadd

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: Off Market

Tomo last checked: 09/20/2024 at 2:40 AM

Listing updated: 08/12/2024 at 9:10 AM

Listed by: Margaret Terry, SOURCE 1 REAL ESTATE - Mineral Wells Phone #: (940) 325-9144

MLS: NTREIS #20519083

NTREIS logo

Recently listed in Mineral Wells