tomo logo

$550,000

Beds
3
Baths
3.0
sq ft
2,201

1200 Cedar Ridge Rd W, Rockwall, TX 75032

1200 Cedar Ridge Rd W

Heath, TX 75032

  • 122 days on market
Welcome to this incredible opportunity in Cove Ridge with no HOA. This home is 2,201 sq.ft. with an additional 550 sq.ft. private guest quarters. This corner lot is over 0.5 acre & backs up to large, mature trees. As you enter the main home, wood floors go throughout & opens up to the living & dining room. The kitchen boasts a gas cooktop, island, painted cabinets, walk in pantry, & built in desk. The large primary bedroom has a trey ceiling, walk-in closet, ensuite bathroom & outdoor access to the back patio. Two more great sized bedrooms to utilize as you please. When you step out on to the large back patio, walk down the staircase to the backyard & access to the private guest quarters. It includes a kitchenette and full bath. Oversized garage has a separate storage room & the ability to park 2 cars plus a golf cart or water toys. Backyard is ready for a pool. This neighborhood has lakefront access for kayak, canoe, fishing & strolling along the lake.

Details

Property type

Single Family Residence

Est. home value

$572,957

Lot size

0.58 acres

Price per sq ft

$250

Year built

2008

Annual property taxes

$7,261

Price History

07/23/2024
NTREIS

NTREIS #20677567

Listed
$550,000
08/22/2019
NTREIS

NTREIS #14101518

Removed

Schools & Community

Elementary school: 

Amy Parks-Heath

Middle school: 

Cain

High school: 

Heath

Community features: 

Curbs, Fishing, Lake

School district: 

Rockwall 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

$358,439
Asking price
$550,000
Closing costs (~8% of asking)
-$44,000
Est. remaining loan balance
-$147,561
Cash to seller
$358,439

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

Seller’s Loan History

Lender

Everett Financial Inc

Loan start date

August 2019

Original loan amount

$210,000

Est. remaining balance

$147,561

Interest rate

3.18%

Loan type

New Conventional, 15 year

Seller

Rondle C Dill

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 11:45 AM

Listing updated: 08/18/2024 at 3:11 PM

Listed by: T.J. Frank, Compass RE Texas, LLC. Phone #: (214) 814-8100

MLS: NTREIS #20677567

NTREIS logo

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