tomo logo

$659,900

Beds
5
Baths
3.25
sq ft
3,996

1240 Franklin Bluff Dr, El Paso, TX 79912

1240 Franklin Bluff Dr

El Paso, TX 79912

  • 85 days on market
    • Price drop $19,100↓
    • Open house Oct 06
VA Assumable loan with 2.75% interest rate for qualified Buyers. Beautifully maintained 2-story home on corner lot in Franklin Hills. High ceilings & large windows w/ shutters give a bright & airy feel as you enter the home. Formal living & dining areas open up to a cozy family room w/ gas fireplace, gourmet kitchen w/ pantry, wet bar w/ wine rack, powder room, & laundry room on main level. Unique 2-level master suite begins on main floor w/ large master bath & walk-in closet; a private staircase leads to a spacious loft/office area w/ door to 2nd floor. Upstairs is a large, open family room w/ wet bar & balcony w/ views of the Franklin Mountains. The 2 upstairs wings each have 2 bedrooms & a full bath. One wing features a jack-and-jill; the other features 2 large hall closets & access to a 2nd balcony w/ sunset views. In the serene backyard is a covered patio & heated pool w/ spa, great for entertaining. Triple attached garage, abundant storage spaces throughout. ALL APPLIANCES CONVEY

Details

Property type

Single Family Residence

Est. home value

$745,682

Lot size

9,599 sq ft

Price per sq ft

$166

Year built

2007

Annual property taxes

$16,996

Price History

09/23/2024
ElPaso

ElPaso #904990

Price change
$659,900
-2.81%
07/29/2024
ElPaso

ElPaso #904990

Listed
$679,000
07/23/2024
ElPaso

ElPaso #904990

Pending
$679,000

Schools & Community

Neighborhood: 

Northwest

Elementary school: 

Lundy

Middle school: 

Hornedo

High school: 

Franklin

High school district: 

El Paso

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

$91,250
Asking price
$659,900
Closing costs (~8% of asking)
-$52,792
Est. remaining loan balance
-$515,858
Cash to seller
$91,250

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

Seller’s Loan History

Lender

Eustis Mortgage Corp

Loan start date

June 2021

Original loan amount

$555,672

Est. remaining balance

$515,858

Interest rate

3.04%

Loan type

New Conventional, 30 year

Seller

Joseph Park and Sonya Park

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: 10/04/2024 at 9:15 PM

Listing updated: 10/03/2024 at 11:37 AM

Listed by: Catherine Payne, Sandy Messer And Associates Phone #: (915) 630-9557

MLS: ElPaso #904990

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