tomo logo

$429,000

Beds
6
Baths
4.0
sq ft
4,800

1216 S Colorado St, Coleman, TX 76834

1216 S Colorado St

Coleman, TX 76834

  • 213 days on market
    • Price drop $10,000↓
Don’t miss this incredible opportunity to own a beautifully updated historic home! Conveniently located near Coleman's vibrant downtown, you'll have quick access to shopping, dining, the hospital, and local schools—all just minutes away. This home features numerous upgrades, including a whole-home water filtration system with UV sterilization, a roof that was replaced eight years ago, and spray foam insulation in the attic for exceptional energy efficiency. The windows have been updated to vinyl double-hung styles, and the plumbing has been modernized with PEX. Recent electrical rewiring includes new circuit breakers—eliminating fuses! Culinary enthusiasts will love the kitchen, which boasts a Bosch gas stove. Beautifully refinished hardwood floors flow throughout the home, adding warmth and sophistication. A grand staircase at the center of the home serves as a stunning focal point as you enter through the front door. Recent additions enhance outdoor living, including a WiFi-controlled 18x38 saltwater pool, a gazebo, and a new walkway, perfect for entertaining. Set on an expansive city block, the property is fully fenced and includes a six-car carport, a workshop with electricity, and a detached garage. The lower level features several family rooms ideal for entertaining, which can also serve as additional bedrooms, complete with closets. This beautiful, move-in-ready home is perfect for large families or as a potential income-generating bed and breakfast. Don't let this unique opportunity pass you by!

Details

Property type

Single Family Residence

Est. home value

$392,606

Lot size

1.435 acres

Price per sq ft

$90

Year built

1927

Annual property taxes

$7,413

Price History

11/11/2024
NTREIS

NTREIS #20593427

Price change
$429,000
-2.28%
09/08/2024
NTREIS

NTREIS #20593427

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

NTREIS #20593427

Price change
$449,000
-4.26%

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

$129,782
Asking price
$429,000
Closing costs (~8% of asking)
-$34,320
Est. remaining loan balance
-$264,898
Cash to seller
$129,782

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

$264,898

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: 11/22/2024 at 10:25 PM

Listing updated: 11/11/2024 at 9:32 AM

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

MLS: NTREIS #20593427

NTREIS logo

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