tomo logo

$589,000

Beds
3
Baths
2.0
sq ft
1,816

1116 Maloma Ct, Tool, TX 75143

1116 Maloma Ct

Tool, TX 75143

  • 231 days on market
    • Price drop $10,000↓
Looking for space both indoors and out? This fully renovated Cedar Creek Lake home sits on approximately three-quarter acres! The property features over 200 feet of waterfront and includes boat dock, large covered porch, waterside deck, and fire pit. Recently updated throughout: HVAC system, both bathrooms, kitchen counters, flooring and paint throughout, lighting fixtures and fans, plumbing fixtures, and more. Open layout featuring three bedrooms, two bathrooms, a separate office-library with built-in bunks, and attached two-car garage. The home also comes with a covered parking space for a RV or boat, storage shed, plenty of parking for family and guests, and the entire backyard area is enclosed with a wrought iron fence. The community features it's own boat ramp just around the corner from this home. ** Be sure to check out the Virtual Tour and Floor Plan **

Details

Property type

Single Family Residence

Est. home value

$673,438

Lot size

0.734 acres

Price per sq ft

$325

Year built

2007

Annual property taxes

$12,583

Monthly HOA fee

$5

Price History

08/31/2024
NTREIS

NTREIS #20579922

Price change
$589,000
-1.67%
07/16/2024
NTREIS

NTREIS #20579922

Price change
$599,000
-6.41%
05/09/2024
NTREIS

NTREIS #20579922

Price change
$640,000
-1.54%

Schools & Community

Elementary school: 

Malakoff

Middle school: 

Malakoff

High school: 

Malakoff

School district: 

Malakoff 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

$138,305
Asking price
$589,000
Closing costs (~8% of asking)
-$47,120
Est. remaining loan balance
-$403,575
Cash to seller
$138,305

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

Seller’s Loan History

Lender

Swbc Mortgage Corp

Loan start date

May 2022

Original loan amount

$421,400

Est. remaining balance

$403,575

Interest rate

4.42%

Loan type

New Conventional, 30 year

Seller

Michael R Morales and Susan Morales

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 1:15 AM

Listing updated: 10/02/2024 at 4:14 AM

Listed by: Brandon Fleeman, Ebby Halliday, REALTORS Phone #: (214) 210-1500

MLS: NTREIS #20579922

NTREIS logo

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