tomo logo

$323,975

Beds
3
Baths
2.0
sq ft
1,520

18624 Quiet Range Dr, Elgin, TX 78621

18624 Quiet Range Dr

Elgin, TX 78621

  • 45 days on market
This home is offered with limited qualifying owner financing subject to an existing mortgage using a Wrap-Around Mortgage (aka Subject to mortgage). -Around (aka Subject to) Mortgage Terms: Down payment $28,000, 6.625% Interest rate, 5-year balloon (PITI is 2580.51, loan amount $295,975). A "wrap-around mortgage" involves the seller financing the sale and wrapping this around the existing mortgage. In this situation, the Buyer makes payments to the Seller, and the Seller continues paying the original mortgage. The new loan covers the existing mortgage payment. The seller’s loan remains in place, but the Buyer assumes financial responsibility for the existing loan through their payments. Upon the 5th year, the Buyer must pay off the existing debt, refinance, or sell the property. *** Well-maintained and ready for move-in, this charming 3-bedroom, 2-bathroom home offers comfort and convenience. Enter through archways leading to a formal dining area, perfect for gatherings. The kitchen, featuring granite countertops, seamlessly opens to the family room, creating a welcoming and open layout. Granite countertops continue in both bathrooms, adding a touch of luxury. Enjoy the spacious backyard, ideal for outdoor activities. Located just minutes from Elgin High School and under 10 minutes from HEB, shopping, and more, this home combines peaceful living with easy access to everything you need."Ask about our access to creative financing options and programs, including “Buy First, Sell Later". More photos available upon request.

Details

Property type

Single Family Residence

Est. home value

$298,246

Lot size

8,028.11 sq ft

Price per sq ft

$214

Year built

2021

Annual property taxes

$7,036.56

Monthly HOA fee

$31.92

Price History

10/08/2024
Austin

Austin #7428906

Listed
$323,975

Schools & Community

Elementary school: 

Neidig

Middle school: 

Elgin

High school: 

Elgin

Community features: 

Curbs

High school district: 

Elgin ISD

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Southwest Funding Lp

Loan start date

June 2023

Original loan amount

$293,584

Est. remaining balance

$288,809

Interest rate

6.43%

Loan type

FHA, 30 year

Seller

Rolando Cordero and Margarita Cordero

Lender

Southwest Funding Lp

Loan start date

June 2023

Original loan amount

$5,871

Est. remaining balance

Not provided

Interest rate

6.43%

Loan type

Stand Alone Second, 3 year

Seller

Rolando Cordero and Margarita Cordero

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 9:25 AM

Listing updated: 10/14/2024 at 7:35 AM

Listed by: Jaymes Willoughby, Keller Williams Realty Phone #: (512) 448-4111

MLS: Austin #7428906

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