tomo logo

$625,000

Beds
4
Baths
2.0
sq ft
2,132

1975 FM 2194, Farmersville, TX 75442

1975 FM 2194

Farmersville, TX 75442

  • 56 days on market
    • Price drop $25,000↓
Looking for a private oasis with ample land and a home full of character in Farmersville? This charming Ranch Style home sits at the back of a serene 9-acre property, offering peaceful living with timeless appeal. Featuring a three-year-old roof, updated vinyl plank flooring, and electrical, this 4-bedroom, 2-bathroom home blends rustic charm with practical upgrades. The large backyard and patio are perfect for relaxing or entertaining, where you can watch the sunset over the countryside. The front of the property is already seeded with hay, ideal for agricultural use. A shop with electricity and a newly added sheep barn make this a farmers dream. The property is Ag Exempt, providing incredible tax benefits. Just minutes from Farmersville's Historic Downtown Square where you’ll find coffee shops, restaurants, and boutique stores steeped in local charm. Don't miss this rare find—your perfect country retreat awaits!

Details

Property type

Single Family Residence

Est. home value

$567,803

Lot size

9.023 acres

Price per sq ft

$294

Year built

1975

Annual property taxes

$4,183

Price History

10/24/2024
NTREIS

NTREIS #20739997

Price change
$625,000
-3.85%
09/27/2024
NTREIS

NTREIS #20739997

Listed
$650,000

Schools & Community

Elementary school: 

Farmersville

Middle school: 

Unknown

High school: 

Farmersville

School district: 

Farmersville 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

$148,488
Asking price
$625,000
Closing costs (~8% of asking)
-$50,000
Est. remaining loan balance
-$426,512
Cash to seller
$148,488

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

Seller’s Loan History

Lender

Guaranteed Rate Inc

Loan start date

March 2022

Original loan amount

$450,000

Est. remaining balance

$426,512

Interest rate

3.56%

Loan type

New Conventional, 30 year

Seller

Erik Maki and Cassandra Maki

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 9:10 AM

Listing updated: 11/16/2024 at 4:08 PM

Listed by: Rebecca Valera, Keller Williams NO. Collin Cty Phone #: (972) 562-8883

MLS: NTREIS #20739997

NTREIS logo

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