tomo logo

$625,000

Beds
3
Baths
2.0
sq ft
900

104 E Barker Creek Dr, Scroggins, TX 75480

104 E Barker Creek Dr

Scroggins, TX 75480

  • 51 days on market
Discover the perfect lakefront retreat in the highly sought-after Barker Creek subdivision! This beautifully furnished cabin, updated in 2021, features three bedrooms. The primary ensuite is conveniently located downstairs, while two additional bedrooms share a full bathroom upstairs. The open-concept kitchen showcases a mix of appliances, not all of which are stainless steel, and boasts rich wooden ceilings that contrast beautifully with light walls. This inviting space flows seamlessly into the dining and living areas, creating a warm atmosphere ideal for entertaining. Step outside to a generous deck nestled among towering hardwood trees—perfect for soaking in the serene lakefront views. Enjoy an easy walk down the gently sloped lot to the water's edge, where relaxation awaits. This turn-key property is a rare investment opportunity, successfully operating on both Airbnb and VRBO. With bookings already into the holiday season, new owners can start building equity while enjoying the property. Centrally located near Dallas, this home serves as an ideal lake getaway for owners and renters alike, offering the perfect balance of convenience and lakeside living. The owners have meticulously maintained this property, with most updates completed recently. Plus, they own another house just two doors down, providing an incredible opportunity for two income-producing lake homes! Barker Creek is one of the few neighborhoods on Lake Cypress Springs that permits short-term rentals, enhancing its investment potential. Community amenities include a private beach, boat slips, fire pits, and entertainment spaces perfect for family gatherings. The HOA covers yard, dock, tree, and gate maintenance, as well as weekly trash pickup and grounds insurance, you can fully embrace the carefree lake lifestyle.

Details

Property type

Single Family Residence

Est. home value

$335,087

Lot size

Unknown

Price per sq ft

$695

Year built

1985

Monthly HOA fee

$112.5

Price History

10/03/2024
TylerTX

TylerTX #24013769

Listed
$625,000
08/21/2020
NTREIS

NTREIS #14378082

Removed

Schools & Community

Elementary school: 

Mt Vernon

Middle school: 

Mt Vernon

High school: 

Mt Vernon

Community features: 

Gated

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

$362,222
Asking price
$625,000
Closing costs (~8% of asking)
-$50,000
Est. remaining loan balance
-$212,778
Cash to seller
$362,222

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

Seller’s Loan History

Lender

Dmd Financial Corp

Loan start date

August 2020

Original loan amount

$234,400

Est. remaining balance

$212,778

Interest rate

3.07%

Loan type

New Conventional, 30 year

Seller

Joseph Robert Morrison and Kathleen Nolan

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 11:15 AM

Listing updated: 10/03/2024 at 10:40 AM

Listed by: LeeAnn Sears, Century 21 Butler Real Estate

MLS: TylerTX #24013769

TylerTX logo

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