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$689,999

Beds
3
Baths
2.0
sq ft
1,884

161 Farms Rd, Mckinney, TX 75071

161 Farms Rd

New Hope, TX 75071

  • 93 days on market
    • Price drop $10,001↓
Serene , peaceful One and a half acres of Idyllic country paradise getaway located in Mckinney. Private corner property. Renovated in 2016 with contemporary updates designed by the homeowner who is an artist, musician and a real tech guru in Web3, Crypto, AI . The property offers true country living amenities such as a chicken coop, shed, greenhouse, and a large storage bldg garage combo that has a private backroom useful for an office or a guest room. Want to grow veggies?, there's a raised organic garden bed. Want Fruit trees?; Peach, Cherry, Red Delicious Apple, Honey Crisp, Many Pecan trees, Almond tree. Kitchen has waterfall quartz counters, Euro style ensuite primary bath. Bamboo floors, skylight, custom closet systems, Roof (2018), 375 sq ft covered Patio. LED lighting throughout. For Sale or Lease MLS: 20696841

Details

Property type

Single Family Residence

Est. home value

$539,660

Lot size

1.5 acres

Price per sq ft

$367

Year built

1994

Price History

09/05/2024
NTREIS

NTREIS #20689064

Price change
$689,999
-1.43%
08/07/2024
NTREIS

NTREIS #20689064

Listed
$700,000

Schools & Community

Elementary school: 

Webb

Middle school: 

Johnson

High school: 

McKinney North

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

$367,629
Asking price
$689,999
Closing costs (~8% of asking)
-$55,200
Est. remaining loan balance
-$267,170
Cash to seller
$367,629

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

Seller’s Loan History

Lender

Better Mortgage Corporation

Loan start date

November 2021

Original loan amount

$321,370

Est. remaining balance

$267,170

Interest rate

2.28%

Loan type

New Conventional, 15 year

Seller

Joshua Lee Stone and Taylor Jayne Stone

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: 11/08/2024 at 7:25 PM

Listing updated: 10/08/2024 at 5:59 PM

Listed by: Harlan Papert, Coldwell Banker Apex, REALTORS Phone #: (972) 562-5400

MLS: NTREIS #20689064

NTREIS logo

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