tomo logo

$439,000

Beds
6
Baths
4.0
sq ft
4,800

1216 S Colorado St, Coleman, TX 76834

1216 S Colorado St

Coleman, TX 76834

  • 149 days on market
    • Price drop $10,000↓
Amazing opportunity to own the stunning Historic home with tasteful updates throughout ! This home is conveniently located close to Coleman's growing downtown, shopping, dining, hospital, and within a minute of our local school. Some upgrades to the home include a whole home water filtration system with UV sterilizer, roof replacement six years ago, spray foam in attic for great insulation, windows upgraded to vinyl double hung throughout to include solar screens, upgraded pex plumbing, electrical rewiring by a master electrician two years ago, new circuit breakers with no fuses, basement , property sits on entire city block that is fully fenced, six car carport, workshop with electric, detached garage , and greenhouse. This stunning property has several family rooms downstairs for entertaining or can be used as extra bedrooms as they do include closets. This is the perfect home for a large family or to use for an income producing bed and breakfast. Beautiful and move in ready !

Details

Property type

Single Family Residence

Est. home value

$392,606

Lot size

1.435 acres

Price per sq ft

$92

Year built

1927

Annual property taxes

$7,413

Price History

09/08/2024
NTREIS

NTREIS #20593427

Price change
$439,000
-2.23%
08/01/2024
NTREIS

NTREIS #20593427

Price change
$449,000
-4.26%
07/01/2024
NTREIS

NTREIS #20593427

Price change
$469,000
-2.09%

Schools & Community

Elementary school: 

Coleman

Middle school: 

Unknown

High school: 

Coleman

School district: 

Coleman 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

$138,490
Asking price
$439,000
Closing costs (~8% of asking)
-$35,120
Est. remaining loan balance
-$265,390
Cash to seller
$138,490

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

Seller’s Loan History

Lender

Randolph Brooks Fcu

Loan start date

December 2022

Original loan amount

$270,000

Est. remaining balance

$265,390

Interest rate

7.08%

Loan type

New Conventional, 30 year

Seller

Ashley Brown and Donald Brown

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: 09/19/2024 at 6:00 PM

Listing updated: 09/08/2024 at 3:49 PM

Listed by: Robbie Johnson, Epique Realty LLC Phone #: (512) 387-0722

MLS: NTREIS #20593427

NTREIS logo

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