tomo logo

$300,000

Beds
4
Baths
2.0
sq ft
2,080

1085 County Road 428, Wharton, TX 77488

1085 County Road 428

Wharton, TX 77488

  • 20 days on market
This is an incredible opportunity for you to buy this home with more than $100,000 of equity. With just a little bit of cosmetic TLC, this home is a diamond in the rough! This charming 7.5 approximate acre ranch sits just minutes off of Highway 59, which can get you into Houston or the beach in about one hour. It sits nestled back off of the main road about 600 feet, so it's peaceful and quiet. Take a look at the photos to see how charming the home looked when it was decorated. It's currently ready for paint and new flooring to bring it back to its original condition. Hurry, this home won't be in the market for long, as we have a recent appraisals valuing the home at $425,000!

Details

Property type

Single Family Residence

Est. home value

$225,254

Lot size

7.50 acres

Price per sq ft

$145

Year built

2000

Annual property taxes

$4,652

Price History

12/26/2024
Houston

Houston #62580127

Listed
$300,000
12/17/2024
Houston

Houston #66425095

Removed
10/30/2024
Houston

Houston #66425095

Pending
$162,562

Schools & Community

Elementary school: 

CG SIVELLS/WHARTON ELEMENTARY SCHOOL

Middle school: 

WHARTON JUNIOR HIGH

High school: 

WHARTON HIGH SCHOOL

School district: 

Wharton

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

$35,074
Asking price
$300,000
Closing costs (~8% of asking)
-$24,000
Est. remaining loan balance
-$240,926
Cash to seller
$35,074

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

Seller’s Loan History

Lender

Right Start Mortgage Inc

Loan start date

May 2018

Original loan amount

$274,928

Est. remaining balance

$240,926

Interest rate

4.44%

Loan type

FHA, 30 year

Seller

John Fairchild

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: 01/16/2025 at 6:55 AM

Listing updated: 12/27/2024 at 4:08 AM

Listed by: Jonathan De la Garza, Jonathan de la Garza Phone #: (713) 213-2113

MLS: Houston #62580127

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