tomo logo

$529,000

Beds
3
Baths
2.0
sq ft
1,316

1120 Royal Way, Tool, TX 75143

1120 Royal Way

Tool, TX 75143

  • 220 days on market
    • Price drop $10,000↓
Experience the breathtaking views of Cedar Creek Lake with this charming three-bedroom, two-bathroom home. Featuring an expansive open water frontage and a boat dock built in 2019, this property boasts a large tiered deck perfect for entertaining guests and enjoying cookouts. Take in the serene scenery from the great sitting area just steps away from the water, or relax in the enclosed porch while watching the stunning sunsets. The kitchen is spacious and equipped with plenty of cabinets and granite countertops, and seamlessly flows into the living area. The home also includes new shingles installed at the end of 2020, and an HVAC and electrical panel installed in 2016. With parking for six cars and the option for short or long-term rentals, this VRBO-friendly home also features an extra room, great for an office or bunk room. Additionally, a community boat launch located just a few homes away adds to the convenience of lake living.

Details

Property type

Single Family Residence

Est. home value

$452,450

Lot size

6,098.4 sq ft

Price per sq ft

$402

Year built

1972

Annual property taxes

$6,835

Monthly HOA fee

$3.33

Price History

08/28/2024
NTREIS

NTREIS #20612481

Price change
$529,000
-1.86%
05/16/2024
NTREIS

NTREIS #20612481

Listed
$539,000
12/17/2023
NTREIS

NTREIS #20356870

Removed

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

$265,909
Asking price
$529,000
Closing costs (~8% of asking)
-$42,320
Est. remaining loan balance
-$220,771
Cash to seller
$265,909

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

Seller’s Loan History

Lender

Home Point Financial Corporation

Loan start date

December 2020

Original loan amount

$242,625

Est. remaining balance

$220,771

Interest rate

2.8%

Loan type

New Conventional, 30 year

Seller

Ariel Borejdo

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: 12/23/2024 at 5:20 AM

Listing updated: 08/28/2024 at 11:09 AM

Listed by: Valerie Bahm, KW-Cedar Creek Lake Properties Phone #: (903) 910-3400

MLS: NTREIS #20612481

NTREIS logo

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