tomo logo

$225,000

Beds
3
Baths
2.0
sq ft
1,728

17587 Terrace Dr, Kemp, TX 75143

17587 Terrace Dr

Kemp, TX 75143

  • 6 days on market
Discover the perfect blend of comfort and relaxation in this charming 3-bedroom, 2-bathroom home, featuring an open living area that seamlessly flows into a spacious kitchen equipped with abundant cabinet space for all your culinary needs. Nestled on 4 acres adorned with mature trees, this property offers a serene backdrop for your daily life. Step onto the large wooden deck, ideal for entertaining family and friends or enjoying peaceful evenings under the stars. Located just minutes away from the popular Cedar Creek Lake, this home is a fantastic getaway for weekend retreats, providing the perfect escape from the hustle and bustle. Don’t miss the opportunity to make this delightful property your own! All offers must be submitted at vrmproperties must register as a User, enter the property address, and click on “Start Offer”. 2) This property may qualify for Seller (Vendee). 3) Seller's name is Secretary of Veterans Affairs. Seller DOES NOT pay customary closing costs: including title policy, escrow fees, survey or transfer fees. Proof of funds required on cash transactions; Lender Pre-Approval letter for offers (dated within last 30 days No Survey Available.

Details

Property type

Single Family Residence

Est. home value

$319,543

Lot size

4.019 acres

Price per sq ft

$131

Year built

1998

Annual property taxes

$4,979

Price History

12/16/2024
NTREIS

NTREIS #20797986

Listed
$225,000
07/07/2022
NTREIS

NTREIS #20051825

Removed

Schools & Community

Elementary school: 

Kemp

Middle school: 

Unknown

High school: 

Kemp

School district: 

Kemp 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

-$86,530
Asking price
$225,000
Closing costs (~8% of asking)
-$18,000
Est. remaining loan balance
-$293,530
Cash to seller
-$86,530

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

Seller’s Loan History

Lender

Freedom Mortgage Corp

Loan start date

July 2022

Original loan amount

$304,200

Est. remaining balance

$293,530

Interest rate

5.3%

Loan type

VA, 30 year

Seller

Grover Wheeler and Jennifer Wheeler

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: 12/23/2024 at 4:20 AM

Listing updated: 12/16/2024 at 6:13 PM

Listed by: Ray King, Infinity Realty Group of Texas Phone #: (214) 418-6845

MLS: NTREIS #20797986

NTREIS logo

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