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$625,000

Beds
3
Baths
2.5
sq ft
1,930

1002 Private Road 7040, Lexington, TX 78947

1002 Private Road 7040

Lexington, TX 78947

  • 143 days on market
    • Price drop $5,000↓
Impeccably kept, 1,930 sqft. - 3/2.5 home on two acres in the gated community of Fedor Estates, offering all of the perks of a HOA while living in the country and in one of the prettiest areas in the county! Tucked away from the road, this cozy cottage-style home with a wrap-around front porch features a huge lot with lots of outdoor living and entertaining spaces and plenty of big trees in both the front and back yards for great shade. An open-concept Kitchen, Living and Dining maximize the indoor living spaces with floor to ceiling windows in the Living that offer great views of a big backyard and a covered patio that were intentionally designed to expand your indoor/outdoor living. A spacious Primary Bedroom also features a wall of windows looking out onto the back yard and scenic pastures beyond, tall ceilings, His/Hers walk-in closets with loads of storage and an Ensuite Bath with separate, walk-in tiled shower, private water closet and a gorgeous claw-foot tub for long soaks! Two Guest Bedrooms, each with walk-in closets and a shared bath, an open Office, Laundry Room, Guest Half Bath off of the kitchen and an attached double car garage complete this well-thought out floor plan that's move-in ready for new owners!

Details

Property type

Single Family Residence

Est. home value

$557,763

Property condition

Updated/Remodeled

Lot size

2.032 acres

Price per sq ft

$324

Year built

2017

Annual property taxes

$6,153.76

Monthly HOA fee

$25

Price History

10/08/2024
Austin

Austin #3723880

Price change
$625,000
-0.79%
07/03/2024
Austin

Austin #3723880

Listed
$630,000
01/24/2020
Houston

Houston #43983941

Removed

Schools & Community

Elementary school: 

Lexington

Middle school: 

Lexington

High school: 

Lexington

Community features: 

Gated

High school district: 

Lexington 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

$220,129
Asking price
$625,000
Closing costs (~8% of asking)
-$50,000
Est. remaining loan balance
-$354,871
Cash to seller
$220,129

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

Seller’s Loan History

Lender

Ark-La-Tex Financial Services Llc

Loan start date

January 2020

Original loan amount

$392,832

Est. remaining balance

$354,871

Interest rate

3.68%

Loan type

VA, 30 year

Seller

Joshua James Clark and Jeanene S Clark

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: Active

Tomo last checked: 11/23/2024 at 4:30 AM

Listing updated: 10/08/2024 at 10:04 AM

Listed by: MADI Bexley, Bexley Land & Cattle LLC Phone #: (979) 773-4423

MLS: Austin #3723880

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