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$650,000

Beds
3
Baths
2.0
sq ft
1,021

108 E Barker Creek Dr, Scroggins, TX 75480

108 E Barker Creek Dr

Scroggins, TX 75480

  • 50 days on market
Discover the perfect lakefront retreat in the highly sought-after Barker Creek subdivision! This beautifully furnished and recently updated 3-bedroom home features 2 Queen master suites on the first floor, providing easy accessibility with a step-free entrance from the parking space to the living areas and bedrooms. 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, operating successfully on both Airbnb & VRBO. With bookings already into the holiday season, new owners can start building equity right away while enjoying the property whenever they like. 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 in the last 3 years. Plus, they own another house just 2 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. Exclusive 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. Schedule your private showing today!

Details

Property type

Single Family Residence

Est. home value

$405,146

Lot size

Unknown

Price per sq ft

$637

Year built

1985

Monthly HOA fee

$112.5

Price History

10/03/2024
TylerTX

TylerTX #24013770

Listed
$650,000
11/20/2020
NTREIS

NTREIS #14404695

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

$328,116
Asking price
$650,000
Closing costs (~8% of asking)
-$52,000
Est. remaining loan balance
-$269,884
Cash to seller
$328,116

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

Seller’s Loan History

Lender

Goldwater Bank Na

Loan start date

November 2020

Original loan amount

$296,250

Est. remaining balance

$269,884

Interest rate

2.88%

Loan type

New Conventional, 30 year

Seller

Joseph Robert Morrison

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 7:50 AM

Listing updated: 10/03/2024 at 8:30 PM

Listed by: LeeAnn Sears, Century 21 Butler Real Estate

MLS: TylerTX #24013770

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