tomo logo

$950,000

Beds
3
Baths
2.0
sq ft
1,976

16 Estates Rd, Allen, TX 75002

16 Estates Rd

Lucas, TX 75002

  • 178 days on market
    • Price drop $140,000↓
Excellent opportunity to live on acreage. This beautiful house sits on '5 acres' of land in a great neighborhood of acclaimed LOVEJOY ISD. Completely renovated house with all the modern look. There are 3 bedrooms and 2 bathrooms, 2 living areas, mudroom and store,Washer and Dryer included. Horses Allowed.

Details

Property type

Single Family Residence

Est. home value

$921,704

Lot size

5.0 acres

Price per sq ft

$481

Year built

1965

Price History

08/22/2024
NTREIS

NTREIS #20608420

Price change
$950,000
-12.84%
08/06/2024
NTREIS

NTREIS #20608420

Price change
$1,090,000
-5.22%
07/23/2024
NTREIS

NTREIS #20608420

Price change
$1,150,000
-8%

Schools & Community

Elementary school: 

Hart

Middle school: 

Willow Springs

High school: 

Lovejoy

School district: 

Lovejoy 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

$531,356
Asking price
$950,000
Closing costs (~8% of asking)
-$76,000
Est. remaining loan balance
-$342,644
Cash to seller
$531,356

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

Seller’s Loan History

Lender

United Wholesale Mortgage

Loan start date

December 2019

Original loan amount

$380,000

Est. remaining balance

$342,644

Interest rate

3.69%

Loan type

New Conventional, 30 year

Seller

Syed F Hashmi and Shahnila Hashmi

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: 11/23/2024 at 3:25 PM

Listing updated: 10/21/2024 at 9:02 AM

Listed by: Saira Umair, Competitive Edge Realty LLC Phone #: (972) 200-3685

MLS: NTREIS #20608420

NTREIS logo

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