tomo logo

$3,295,000

Beds
3
Baths
2.0
sq ft
5,800

1216 Shahan Prairie Rd, Little Elm, TX 75068

1216 Shahan Prairie Rd

Little Elm, TX 75068

  • 482 days on market
    • Price drop $100,000↓
Offering 4.5 ACRES of GORGEOUS LAKEFRONT Property complete w Main House, Guest house & 3 Unit Apartment building which currently nets over $75K per year! Currently installing 3 New Roofs & Siding due to recent storm. HVAC in Main House replaced Dec 23. Nestled in the Cove at Oak Point,on Lake Lewisville, in Little Elm at the Peninsula. No HOA or Deed Restrictions is a bonus and you have more space to play and build on. The Property boasts a 3 Bed 2 Bath Main House with over 2,000 sq ft. Enjoy great views of the Lake from every angle. Separate Guest Hse with 2 Apartments & 4 car Garage, plus a 3 Apartment Unit built in 2022. 1 Bd 1 Bth w Kitchen & Living Room* 700 sq ft complete. Building has 5 Bay Garage *10ft High Doors* partially climate controlled w Storage Closet for Each Unit & a shared Laundry. 2 Slip Boathouse w Active Permit. This is what you have been looking for! Enjoy Beautiful Sunrise & Sunsets along with Fishing, Swimming & a relaxed Lake lifestyle year round,

Details

Property type

Single Family Residence

Est. home value

$3,358,381

Lot size

4.47 acres

Price per sq ft

$569

Year built

1992

Annual property taxes

$12,721

Price History

04/22/2024
NTREIS

NTREIS #20332404

Price change
$3,295,000
-2.95%
04/19/2024
NTREIS

NTREIS #20332404

Price change
$3,395,000
+3.03%
04/19/2024
NTREIS

NTREIS #20332404

Price change
$3,295,000
-2.95%

Schools & Community

Elementary school: 

Oak Point

Middle school: 

Unknown

High school: 

Little Elm

School district: 

Little Elm ISD

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

First Horizon Home Loan Corp

Loan start date

May 2006

Original loan amount

$616,000

Est. remaining balance

Not provided

Interest rate

3.25%

Loan type

Purchase Money Mortgage, 30 year

Seller

David James Mcdonald and Robin Sharlise Mcdonald

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 2:10 PM

Listing updated: 05/28/2024 at 5:53 PM

Listed by: Kristen Trest, Ebby Halliday Realtors Phone #: (972) 608-0300

MLS: NTREIS #20332404

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