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$629,000

Beds
3
Baths
2.0
sq ft
1,632

124 Peninsula Point Ter, Mabank, TX 75156

124 Peninsula Point Ter

Mabank, TX 75156

  • 48 days on market
    • Price drop $20,000↓
Discover a remarkable opportunity at Cedar Creek Lake, nestled in a coveted location near Gun Barrel City and all essential amenities. This home boasts breathtaking waterfront views from almost every window, bathing the interior in abundant natural light. Situated on an expansive lot and a half, it features 140 feet of water frontage, providing ample space for entertaining. Positioned perfectly on a large cove just three houses from the point, this home enjoys protection from harsh waves, making it an ideal spot for kayaking, paddleboarding, and serene boating. The calm waters offer a safe and easy launch for your boat, with easy access to open water just around the corner. The perfect water position. This three-bedroom, two-bathroom residence spans over 1,600 square feet and presents a superb open-concept floor plan. The spacious living area, complete with a fireplace, seamlessly integrates with the dining room and kitchen, creating a fantastic space for entertaining and

Details

Property type

Single Family Residence

Est. home value

$659,033

Lot size

0.301 acres

Price per sq ft

$386

Year built

1998

Annual property taxes

$5,749

Monthly HOA fee

$8.33

Price History

09/10/2024
NTREIS

NTREIS #20690197

Price change
$629,000
-3.08%
08/02/2024
NTREIS

NTREIS #20690197

Listed
$649,000
07/23/2024
NTREIS

NTREIS #20575497

Removed

Schools & Community

Elementary school: 

Central

Middle school: 

Unknown

High school: 

Mabank

Community features: 

Fishing, Lake

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

$117,859
Asking price
$629,000
Closing costs (~8% of asking)
-$50,320
Est. remaining loan balance
-$460,821
Cash to seller
$117,859

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

Seller’s Loan History

Lender

United Wholesale Mortgage

Loan start date

August 2021

Original loan amount

$494,000

Est. remaining balance

$460,821

Interest rate

2.93%

Loan type

New Conventional, 30 year

Seller

Shaun Smith

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 5:35 PM

Listing updated: 09/10/2024 at 3:36 PM

Listed by: Valerie Bahm, KW-Cedar Creek Lake Properties Phone #: (903) 910-3400

MLS: NTREIS #20690197

NTREIS logo

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