tomo logo

$399,500

Beds
5
Baths
3.0
sq ft
3,600

17624 FM 1255, Canton, TX 75103

17624 FM 1255

Canton, TX 75103

  • 306 days on market
    • Price drop $50,400↓
circumstances have changed!! The owner has to sell. The price is way below the investment in the property. Hurry sale as is.. and quick sale. Investments include: new apartment, new roof, all new windows, and more. So many opportunities, big family, in laws, or an investment considering the attached apartment and room sizes. It was previously used as a bed and breakfast; The house contains a total living space of approximately 3600 square feet, with an attached apartment, two car garage, and a pool. Four oversize rooms upstairs with an additional living room upstairs as well. Separate apartment, approximately 550 square feet. Mother-in-law plan with a custom shower and a closet addition. The house is older and still could use some cosmetic things done to it, however the owners will leave that up to the lucky buyers. This house sits on a half-acre lot and does include a pool. The house will be SOLD AS IS.

Details

Property type

Single Family Residence

Lot size

0.5 acres

Price per sq ft

$111

Year built

1973

Price History

06/20/2024
NTREIS

NTREIS #20541752

Price change
$399,500
-11.2%
06/05/2024
NTREIS

NTREIS #20541752

Price change
$449,900
-9.84%
04/03/2024
NTREIS

NTREIS #20541752

Price change
$499,000
-9.67%

Schools & Community

Elementary school: 

Canton

Middle school: 

Unknown

High school: 

Canton

School district: 

Canton 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

$61,953
Asking price
$399,500
Closing costs (~8% of asking)
-$31,960
Est. remaining loan balance
-$305,587
Cash to seller
$61,953

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

Seller’s Loan History

Lender

Virginia Ruth Edmonds

Loan start date

October 2022

Original loan amount

$315,000

Est. remaining balance

$305,587

Interest rate

5.55%

Loan type

New Conventional, 30 year

Seller

Cynthia Hayman and Charles Fenner

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 6:20 PM

Listing updated: 06/20/2024 at 5:19 PM

Listed by: Charles Fenner, Fenner & Nicklas Enterprises Phone #: (903) 567-2876

MLS: NTREIS #20541752

NTREIS logo

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