tomo logo

$675,000

Beds
5
Baths
2.0
sq ft
2,600

123 Cottonwood Trl, Gun Barrel City, TX 75156

123 Cottonwood Trl

Gun Barrel City, TX 75156

  • 103 days on market
Welcome to your dream lakefront retreat! This 5-bedroom home nestled in a serene cove offers 185 feet of water front living. Enjoy privacy and breathtaking open water lake views but yet shielded from open water winds.The property has wonderful outdoor spaces, including two boathouses, one featuring a spacious party deck. Inside, the open floor plan connects the living, dining, and kitchen areas, perfect for entertaining. A well-appointed game room adds fun for all ages. The home blends indoor and outdoor living with an expansive deck, offering plenty of space for lounging and dining.The five spacious bedrooms serve as cozy retreats for family and guests.This versatile property also makes a prime candidate for short-term rentals, attracting visitors seeking a relaxing lakeside experience. Many recent upgrades including a new roof in 2023 and seawall work done in 2024. Located in charming Gun Barrel City, a quick commute to Dallas and explore the nearby shopping and dining options.

Details

Property type

Single Family Residence

Est. home value

$766,207

Lot size

0.323 acres

Price per sq ft

$260

Year built

1968

Annual property taxes

$9,669

Monthly HOA fee

$4.17

Price History

09/11/2024
NTREIS

NTREIS #20723931

Listed
$675,000
08/28/2024
NTREIS

NTREIS #20551269

Removed
04/19/2024
NTREIS

NTREIS #20551269

Price change
$725,000
-1.89%

Schools & Community

Elementary school: 

Mabank

Middle school: 

Unknown

High school: 

Mabank

School district: 

Mabank 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

$284,179
Asking price
$675,000
Closing costs (~8% of asking)
-$54,000
Est. remaining loan balance
-$336,821
Cash to seller
$284,179

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

Seller’s Loan History

Lender

Guaranteed Rate Affinity Llc

Loan start date

April 2021

Original loan amount

$365,000

Est. remaining balance

$336,821

Interest rate

3.05%

Loan type

New Conventional, 30 year

Seller

Tommy Tran and Tammie Tran

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: 12/23/2024 at 7:40 AM

Listing updated: 09/21/2024 at 2:09 PM

Listed by: Patricia Paull, Ebby Halliday Realtors Phone #: (903) 340-8590

MLS: NTREIS #20723931

NTREIS logo

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