tomo logo

$635,000

Beds
4
Baths
4.0
sq ft
3,600

1404 Madrid Falls Dr, Mckinney, TX 75071

1404 Madrid Falls Dr

McKinney, TX 75071

  • 91 days on market
    • Price drop $15,000↓
Nestled on the bank of the Trinity River, enjoy easy commuting from highway 75. Step inside this well designed, energy efficient home with beautiful design features including a 2 story rotunda, oversized kitchen island and a water filtration system. Primary suite located on the main level with a beautiful en suite bath and TWO large walk-in closets. Designated office space located off the entry with natural light and french doors. 3 bedrooms, and a bonus loft space upstairs with an oversized media - game room. Large closets in all the bedrooms with additional storage space throughout. With a highly desired 3 car garage this beautiful, custom home has all the space on your wish list. Spend the evenings enjoying miles of adventure paths, heading to the dog park, or the 450 acres of green space. Beach entry pool, splash pad, tricycle track, playground, fitness center, event space for neighborhood events and a co-working space.

Details

Property type

Single Family Residence

Est. home value

$644,926

Lot size

7,492.32 sq ft

Price per sq ft

$177

Year built

2015

Annual property taxes

$14,931

Monthly HOA fee

$125

Price History

08/08/2024
NTREIS

NTREIS #20629406

Price change
$635,000
-2.31%
07/10/2024
NTREIS

NTREIS #20629406

Price change
$650,000
-2.69%
06/20/2024
NTREIS

NTREIS #20629406

Listed
$668,000

Schools & Community

Elementary school: 

Ruth and Harold Frazier

Middle school: 

Johnson

High school: 

McKinney North

Community features: 

Pool, Clubhouse, Park, Playground

School district: 

McKinney 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

$235,423
Asking price
$635,000
Closing costs (~8% of asking)
-$50,800
Est. remaining loan balance
-$348,777
Cash to seller
$235,423

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

Seller’s Loan History

Lender

Guild Mortgage Co

Loan start date

February 2022

Original loan amount

$369,000

Est. remaining balance

$348,777

Interest rate

3.05%

Loan type

New Conventional, 30 year

Seller

Tim S Sorensen and Quinn Suzanne Sorensen

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 11:10 AM

Listing updated: 09/06/2024 at 7:39 AM

Listed by: Courtney Benson, Compass RE Texas, LLC Phone #: (469) 210-8288

MLS: NTREIS #20629406

NTREIS logo

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