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$790,000

Beds
7
Baths
3.5
sq ft
1,939

20501 FM 521, Bay City, TX 77414

20501 FM 521

Bay City, TX 77414

  • 25 days on market
13.96 ACRES W/ IMMACULATE 3 BEDROOM/2 BATH HOME COMPLETELY UPDATED WITH ORIGINAL TOUCHES FROM YR 1939, UPDATED ELECTRICAL IN MAIN HOME & NEW WINDOWS W/ LIFETIME WARRANTY. PROPERTY HAS HUGE POND W/3 STADIUM LIGHTS, 2019 BUILT 4/2 BARNDOMINUM W/ OVER 3000 sqft UNDER CANOPY. COMPLETE W/ EXTRA CABIN 400 sqft FOR LIVING & ANOTHER LARGE BARN W/ COVER & STALLS. TURN KEY LODGE FOR RENTAL INCOME OR HOME LIVING ON PRISTINE IMPROVED PASTURES & ADORNED WITH TREES & WILDLIFE GALORE. 2019 YR WATER WELL TO BARNDOMINIUM, POND, & CABIN. LARGE SEPTIC TO BARN. UPGRADED ELECTRICAL THROUGHOUT PROPERTY & SO MANY EXTRAS. TURN KEY & ONE OF A KIND PROPERTY IDEAL FOR HOME BUSINESS & HOME LIVING! BARNDOMINUM WILL COME FULLY FURNISHED AG EXEMPTION FOR LOW TAXES. IDEAL FOR COMMERCIAL USE FOR ANYTHING YOU CAN DREAM OR A COMPLETE MINI RANCH FOR COUNTRY LIVING! JUST 20 MINUTES TO THE BEACH OR 10 MINS TO BAY CITY!

Details

Property type

Single Family Residence

Est. home value

$384,494

Lot size

13.96 acres

Price per sq ft

$408

Year built

1939

Price History

10/29/2024
Houston

Houston #39782352

Listed
$790,000
09/30/2021
Houston

Houston #92288960

Removed

Schools & Community

Elementary school: 

ROBERTS ELEMENTARY

Middle school: 

BAY CITY JUNIOR HIGH SCHOOL

High school: 

BAY CITY HIGH SCHOOL

School district: 

Bay City

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

$386,545
Asking price
$790,000
Closing costs (~8% of asking)
-$63,200
Est. remaining loan balance
-$340,255
Cash to seller
$386,545

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

Seller’s Loan History

Lender

Texas Dow Employees Cu

Loan start date

September 2021

Original loan amount

$365,000

Est. remaining balance

$340,255

Interest rate

2.87%

Loan type

New Conventional, 30 year

Seller

Richard Ferguson and Chelsea Ferguson

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 8:35 PM

Listing updated: 11/19/2024 at 11:52 AM

Listed by: Kim Brown, Full Stringer Realty Phone #: (979) 863-1143

MLS: Houston #39782352

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