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$489,000

Beds
2
Baths
2.0
sq ft
1,530

1384 Red Maple Rd, Big Sandy, TX 75755

1384 Red Maple Rd

Big Sandy, TX 75755

  • 24 days on market
2 HOMES ON 3.74 RURAL ACRES!! Nestled between Gilmer and Big Sandy you will find the rare opportunity to own a home in the country with an extra home for your aging parents, adult children, or use it for and income producing property, whether it be a short term vacation rental for those antique lovers that visit Gladewater, a mid term rental for buyers who need to transition from selling their home to buying their next home or a long term rental. The main house is a beautiful barndominium constructed in 2020 with high ceilings, granite countertops, stainless steel appliances, scratch resistant LVP flooring, 2 big bedrooms and 2 bathrooms, an open floor plan for entertaining or family gatherings. With 1530 spft of spacious living area it's just right for boomers to downsize to or millennials to take that first step to building equity. Step outside and enjoy the shade on the covered patio with ceiling fans to cool you as you look over the almost 4 acre partly wooded tract. There is hot and cold water at the faucet outside. It has a 500 gallon buried propane tank, water lines with separate shut offs, and separate electric meters to each home, the house has a transfer switch for the generator (which will also convey), public water and an updated aerobic system. The 2nd home is 3 bedroom, 2 bath and also has both front and back large covered porches. It does need some TLC but has a metal roof which gives it continuity with the barndo. This one is a must see! NON-REALTY ITEMS THAT WILL CONVEY... Stainless steel refrigerator in Barndo, Black Refrigerator, SCAG zero-turn lawnmower, Portable generator (CAT 10,000w startup/8,000 running capacity with electric hook-up cable) Patio table and 4 chairs, Living room sofa and love seat, TV and TV stand in LR, Livingroom rug, (2) 4-wheelers-one adult's and one youth (need work), Microwave in the Barndo, Pancake air compressor, 2 waterhose reels

Details

Property type

Single Family Residence

Est. home value

$317,435

Lot size

3.74 acres

Price per sq ft

$320

Year built

2020

Annual property taxes

$4,448.47

Price History

10/11/2024
TylerTX

TylerTX #24014155

Listed
$489,000

Schools & Community

Elementary school: 

Big Sandy

Middle school: 

Big Sandy

High school: 

Big Sandy

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

$262,998
Asking price
$489,000
Closing costs (~8% of asking)
-$39,120
Est. remaining loan balance
-$186,882
Cash to seller
$262,998

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

Seller’s Loan History

Lender

The First National Bank Of East Texas

Loan start date

April 2022

Original loan amount

$196,000

Est. remaining balance

$186,882

Interest rate

3.85%

Loan type

New Conventional, 30 year

Seller

Linda Ann Schulte and Linda Schulte

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: 11/04/2024 at 10:30 PM

Listing updated: 10/14/2024 at 9:01 PM

Listed by: Tracy Dean, Keller Williams Realty-Tyler

MLS: TylerTX #24014155

TylerTX logo

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