tomo logo

$385,000

Beds
4
Baths
4.0
sq ft
3,184

1505 Lexington Dr, Garland, TX 75041

1505 Lexington Dr

Garland, TX 75041

  • 47 days on market
    • Price drop $10,000↓
Motivated Seller - bring your highest and best offer! Welcome to 1505 Lexington Drive, Garland, TX! This 4-bedroom, 3.5-bathroom home offers spacious living. An amazing opportunity awaits to own a beautiful home and finish the final touches yourself, providing built-in equity. The home features all new windows and new siding, along with a separate guest retreat with its own entrance, private bath, and small kitchenette area, perfect for privacy. Constructed on a pier and beam foundation, the property also boasts a new fence, an electric rolling gate, and plenty of storage with updates throughout. This property is priced as a great opportunity. Schedule your viewing today!

Details

Property type

Single Family Residence

Est. home value

$372,718

Lot size

8,276.4 sq ft

Price per sq ft

$121

Year built

1969

Annual property taxes

$6,675

Price History

10/11/2024
NTREIS

NTREIS #20717921

Price change
$385,000
-2.53%
09/20/2024
NTREIS

NTREIS #20717921

Price change
$395,000
-1.25%
08/31/2024
NTREIS

NTREIS #20717921

Listed
$400,000

Schools & Community

Elementary school: 

Choice Of School

Middle school: 

Choice Of School

High school: 

Choice Of School

School district: 

Garland ISD

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Frost Bank

Loan start date

November 2023

Original loan amount

$50,000

Est. remaining balance

Not provided

Interest rate

7.19%

Loan type

Commercial

Seller

Marla Elaine Boyd

Lender

Southwest Funding Lp

Loan start date

January 2021

Original loan amount

$187,378

Est. remaining balance

$171,768

Interest rate

2.71%

Loan type

New Conventional, 30 year

Seller

Marla Elaine Boyd

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: 10/18/2024 at 10:30 AM

Listing updated: 10/11/2024 at 11:06 AM

Listed by: Mindy Robbins, Compass RE Texas, LLC. Phone #: (214) 814-8100

MLS: NTREIS #20717921

NTREIS logo

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