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$625,000

Beds
3
Baths
2.5
sq ft
2,235

1225 N Rockdale St, Lexington, TX 78947

1225 N Rockdale St

Lexington, TX 78947

  • 45 days on market
    • Price drop $75,000↓
Experience the best of both worlds with this incredible property - live within walking distance to the city park and schools in town, and enjoy 9 acres of land for animals, farming, or recreation! Situated in Lexington, this delightful home has been completely renovated from the ground up. It features 3 large bedrooms, 2 full baths, a new half bath, dual living spaces, and a stunning custom kitchen. The major mechanical systems have been updated, including a 5,000-gallon tankless water heater, a water softener, an oxidation system, a new HVAC and ductwork, a new electrical panel, fresh insulation, and a new roof. The luxurious backyard with a deck offers a view of the expansive pasture. The 9-acre lot is fully fenced with new no-climb fencing, ready for livestock. It includes 4 horse stalls, a run-in shed, a chicken coop, a feed barn, and a dog kennel. The former nursery property also has a well and irrigation system, ideal for growing hay or plants. At the back, a private haven awaits with a pond encircled by cypress trees, teeming with box turtles, ducks, and fish, complemented by a two-tier deck. Cleared hiking trails wind through the woods to a second pond and a memorial garden. This property is prepared to fulfill your homestead or small farm dreams, offering tax savings with its current agricultural exemption and apiary. Lexington is a quaint, small town in Central Texas, conveniently close to Austin, Giddings, Taylor, and the new Samsung plant.

Details

Property type

Single Family Residence

Est. home value

$588,067

Lot size

9.04 acres

Price per sq ft

$280

Year built

1962

Annual property taxes

$5,530

HOA

No

Price History

09/05/2024
CentralTexas

CentralTexas #552941

Price change
$625,000
-10.71%
08/23/2024
CentralTexas

CentralTexas #552941

Listed
$700,000
08/19/2024
CentralTexas

CentralTexas #552941

Removed

Schools & Community

Elementary school: 

Lexington Elementary School

Middle school: 

Lexington Middle School

High school: 

Lexington High School

Community features: 

None

High school district: 

Lexington 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

$93,536
Asking price
$625,000
Closing costs (~8% of asking)
-$50,000
Est. remaining loan balance
-$481,464
Cash to seller
$93,536

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

Seller’s Loan History

Lender

Ark-La-Tex Financial Services Llc

Loan start date

June 2021

Original loan amount

$518,000

Est. remaining balance

$481,464

Interest rate

2.97%

Loan type

VA, 30 year

Seller

Richard Clay Forrester Iv

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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1002 Private Road 7040, Lexington, TX 78947

Status: Active

Tomo last checked: 09/20/2024 at 12:45 AM

Listing updated: 09/05/2024 at 3:26 PM

Listed by: Jennifer Fletcher, Ranch House Real Estate Phone #: (979) 224-2841

MLS: CentralTexas #552941

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