tomo logo

$499,000

Beds
4
Baths
3.0
sq ft
2,661

1505 Mineral Point Pl, Melissa, TX 75454

1505 Mineral Point Pl

Melissa, TX 75454

  • 43 days on market
    • Price drop $11,000↓
Stunning 4-bedroom home on an oversized lot, featuring luxury EVP flooring throughout the main living areas on the first floor. The entryway opens to an office with French doors. The open concept floor plan boasts a beautiful kitchen with light gray cabinetry, stainless steel appliances, a kitchen island, and granite countertops. A generous dining area leads to the family room. The spacious primary bedroom includes a walk-in closet and a super-sized shower. Upstairs, a large game room and media area accompany three well-appointed secondary bedrooms and a bathroom with dual vanities. Enjoy the outdoors on the covered patio and in the large backyard. The home includes spray foam insulation for enhanced energy efficiency. Community amenities include a greenbelt, park, and trails. Conveniently located near Hollow Oak Golf Course and Inspiration Park, within the sought-after Melissa ISD, with easy access to Hwy 75 and 380

Details

Property type

Single Family Residence

Est. home value

$506,550

Lot size

6,446.88 sq ft

Price per sq ft

$188

Year built

2022

Annual property taxes

$9,568

Monthly HOA fee

$33.33

Price History

09/03/2024
NTREIS

NTREIS #20692373

Price change
$499,000
-2.16%
08/19/2024
NTREIS

NTREIS #20692373

Price change
$510,000
-2.86%
08/03/2024
NTREIS

NTREIS #20692373

Listed
$525,000

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

$76,988
Asking price
$499,000
Closing costs (~8% of asking)
-$39,920
Est. remaining loan balance
-$382,092
Cash to seller
$76,988

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

$382,092

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: Active

Tomo last checked: 09/16/2024 at 4:40 PM

Listing updated: 09/03/2024 at 6:19 PM

Listed by: Sherri Burlison, Pinnacle Realty Advisors Phone #: (972) 338-5441

MLS: NTREIS #20692373

NTREIS logo

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