tomo logo

$550,000

Beds
5
Baths
3.0
sq ft
3,698

1860 FM 273, Bonham, TX 75418

1860 FM 273

Bonham, TX 75418

  • 88 days on market
    • Price drop $25,000↓
Welcome to your dream home in Bonham! This spacious 5-bedroom, 3-bathroom residence sits on 2 acres, perfect for a large family. With meticulously maintained pipe fencing and a chain-link area, it's ideal for pets. Located near Lake Bonham and Bois D'Arc Lake, the home offers outdoor living at its best. Inside, the well-designed floor plan includes a large living area, dining space, and a practical kitchen. A separate office is perfect for remote work. The master suite is a private retreat, while four additional bedrooms offer flexibility. Enjoy the covered porch and hot tub for relaxation. The oversized attached garage accommodates three vehicles. A separate laundry room adds convenience. Close to shopping and dining, with a short commute to Sherman, this home offers a peaceful yet connected lifestyle in a growing community. Perfect for family life, entertaining, or simply enjoying the tranquility of rural living with urban conveniences nearby.

Details

Property type

Single Family Residence

Est. home value

$538,878

Lot size

2.04 acres

Price per sq ft

$149

Year built

1998

Annual property taxes

$8,063

Price History

11/18/2024
NTREIS

NTREIS #20711924

Price change
$550,000
-4.35%
09/17/2024
NTREIS

NTREIS #20711924

Price change
$575,000
-6.5%
08/27/2024
NTREIS

NTREIS #20711924

Listed
$615,000

Schools & Community

Elementary school: 

Finleyoate

Middle school: 

Unknown

High school: 

Bonham

School district: 

Bonham 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

$177,918
Asking price
$550,000
Closing costs (~8% of asking)
-$44,000
Est. remaining loan balance
-$328,082
Cash to seller
$177,918

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

Seller’s Loan History

Lender

Guild Mortgage Co

Loan start date

July 2022

Original loan amount

$340,000

Est. remaining balance

$328,082

Interest rate

5.09%

Loan type

New Conventional, 30 year

Seller

Crystal Buckley and Jeffrey Buckley

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 3:45 PM

Listing updated: 11/18/2024 at 8:17 PM

Listed by: Barbara Thomas, OnwardTX Real Estate Advisors Phone #: (903) 624-1474

MLS: NTREIS #20711924

NTREIS logo

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