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$399,000

Beds
3
Baths
2.0
sq ft
1,671

198 Lake Dr, Enchanted Oaks, TX 75156

198 Lake Dr

Enchanted Oaks, TX 75156

  • 142 days on market
    • Price drop $15,000↓
This home sells with two lots in Enchanted Oaks, one of the most sought after communities on Cedar Creek Lake. This peaceful home is a perfect and affordable lake escape! Surrounded by towering trees and backing to the lake you are surrounded by tranquility. The home has 3 spacious bedrooms, two living areas, one with austin stone fireplace and vaulted ceilings. Kitchen has stainless appliances, granite and ample cabinet pantry storage! Many of the homes features were upgraded in 2020, roof, recessed lighting, paint, kitchen appliances, disposal, and flooring. This is a perfect neighborhood for active owners who enjoy walking dogs, jogging, cycling as well as all of the lake activities! Neighborhood amenities include two boat launches, community center and swimming pool, dog park and soccer field. With dredging you could add a boat dock and navigate right from your shoreline! Meanwhile, fishing and kayaking awaits!

Details

Property type

Single Family Residence

Est. home value

$432,458

Lot size

0.387 acres

Price per sq ft

$239

Year built

1973

Annual property taxes

$4,244

Price History

07/28/2024
NTREIS

NTREIS #20601986

Price change
$399,000
-3.62%
07/01/2024
NTREIS

NTREIS #20601986

Price change
$414,000
-3.5%
06/13/2024
NTREIS

NTREIS #20601986

Listed
$429,000

Schools & Community

Elementary school: 

Eustace

Middle school: 

Eustace

High school: 

Eustace

School district: 

Eustace 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

$74,484
Asking price
$399,000
Closing costs (~8% of asking)
-$31,920
Est. remaining loan balance
-$292,596
Cash to seller
$74,484

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

Seller’s Loan History

Lender

First Bank

Loan start date

December 2021

Original loan amount

$310,500

Est. remaining balance

$292,596

Interest rate

3.14%

Loan type

New Conventional, 30 year

Seller

Richard Machuca and Julie Annette Machuca

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: 09/19/2024 at 4:50 PM

Listing updated: 07/28/2024 at 8:13 PM

Listed by: Tammy Hosch, TX Lake & Land Real Estate Phone #: (903) 802-7080

MLS: NTREIS #20601986

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