tomo logo

$450,000

Beds
3
Baths
2.0
sq ft
2,111

1601 West St, Mckinney, TX 75069

1601 West St

McKinney, TX 75069

  • 48 days on market
    • Price drop $35,000↓
    • Open house Sep 21
MOTIVATED SELLER!! Welcome to your dream home in the charming historic McKinney area! Sitting on a double corner lot, this fully renovated beauty offers peace of mind with newer HVAC, water heater, roof, electrical panel & wiring, plumbing, windows, and landscaping. Enjoy foundation work with a transferable warranty. Cook like a pro in the state-of-the-art kitchen featuring a commercial gas range and custom plywood shaker-style soft-close cabinets and drawers. Nestled in an A-rated school district, this gem is a short stroll to downtown McKinney's shops, dining, and events, with easy access to HWY 380 & HWY 75. Great AIRBNB opportunity in an area known for its downtown venues, weddings, entertainment, and central location to other cities, shopping and entertainment. This home won't last for long!

Details

Property type

Single Family Residence

Est. home value

$546,270

Lot size

0.26 acres

Price per sq ft

$214

Year built

1965

Price History

09/05/2024
NTREIS

NTREIS #20687871

Price change
$450,000
-7.22%
08/23/2024
NTREIS

NTREIS #20687871

Price change
$485,000
-2.81%
08/14/2024
NTREIS

NTREIS #20687871

Price change
$499,000
-2.16%

Schools & Community

Elementary school: 

Burks

Middle school: 

Faubion

High school: 

Mckinney Boyd

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

$44,452
Asking price
$450,000
Closing costs (~8% of asking)
-$36,000
Est. remaining loan balance
-$369,548
Cash to seller
$44,452

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

Seller’s Loan History

Lender

Gardner Financial Services Ltd

Loan start date

September 2022

Original loan amount

$380,000

Est. remaining balance

$369,548

Interest rate

5.54%

Loan type

New Conventional, 30 year

Seller

John Alexander Steimer and Courtney Michelle Runeberg

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 11:25 PM

Listing updated: 09/15/2024 at 3:09 PM

Listed by: Melissa Valentin, eXp Realty LLC Phone #: (888) 519-7431

MLS: NTREIS #20687871

NTREIS logo

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