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$506,550Estimated home value

Beds
4
Baths
3.0
sq ft
2,651

1505 Mineral Point Pl, Melissa, TX 75454

1505 Mineral Point Pl

Melissa, TX 75454

  • Sold On 3/3/2023
Brand NEW energy-efficient home ready December 2022! Larger Lot. Upstairs game room makes a great play space. Downstairs, a large walk-in closet creates generous Primary suite. Pebble cabinets with shaded grey granite countertops, brown grey EVP flooring with multi-tone carpet in our Elemental package. Amenities include greenbelt, park, and trails. Near Hollow Oak golf course and Inspiration Park. Located in sought after Melissa ISD, North of McKinney Hwy 75, easy access to Hwy 380 and metro Dallas. Known for their energy efficient features, our homes help you live a healthier and quieter lifestyle while saving thousands of dollars on utility bills.

Details

Property type

Single Family Residence

Est. home value

$506,550

Property condition

New Construction

Lot size

5,662.8 sq ft

Price per sq ft

$188

Year built

2022

Monthly HOA fee

$33.33

Price History

11/01/2024
NTREIS

NTREIS #20692373

Removed
10/07/2024
NTREIS

NTREIS #20692373

Price change
$494,000
-1%
09/03/2024
NTREIS

NTREIS #20692373

Price change
$499,000
-2.16%

Schools & Community

Elementary school: 

Harry Mckillop

Middle school: 

Melissa

High school: 

Melissa

School district: 

Melissa 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

$77,010
Asking price
$498,153
Closing costs (~8% of asking)
-$39,852
Est. remaining loan balance
-$381,291
Cash to seller
$77,010

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

Seller’s Loan History

Lender

Loandepot.Com Llc

Loan start date

March 2023

Original loan amount

$388,935

Est. remaining balance

$381,291

Interest rate

6.33%

Loan type

New Conventional, 30 year

Seller

Gerardo Alcantara

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: Off Market

Tomo last checked: 11/05/2024 at 8:35 AM

Listing updated: 03/03/2023 at 12:05 PM

Listed by: Patrick Mcgrath, Meritage Homes Realty Phone #: (972) 512-4961

MLS: NTREIS #20104207

NTREIS logo

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