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$880,000

Beds
4
Baths
3.0
sq ft
2,941

2241 Garrett Ln, China Spring, TX 76633

2241 Garrett Ln

China Spring, TX 76633

  • 132 days on market
    • Price drop $45,000↓
Drive into your personal slice of Texas private living with this expansive 11-acre estate that masterfully blends barndo meet cottage design with exquisite craftsmanship. The heart of the home is the chef’s kitchen, featuring a spacious center island ideal for culinary adventures and social gatherings, complemented by elegant cabinetry and premium quartz countertops. Experience seamless indoor-outdoor living with an expansive covered patio off the primary bedroom, complete with an outdoor shower, offering a private retreat into nature. The primary suite is a sanctuary of comfort, featuring a full ensuite bathroom. Three additional bedrooms, two upstairs one down, provide generous space for family, guests, or versatile uses such as home offices or creative studios. The second living space upstairs is the perfect flex space for a media space, playroom, or a bar. Outside, the estate offers a private natural paradise, boasting a vibrant pond, flourishing wildlife, gentle creeks, and a captivating seasonal waterfall. Storage is ample with a large shed to house all your essentials and recreational gear. This property not only promises a a private dream lifestyle but also offers the opportunity for active income through its established short-term rental capabilities, making it an attractive investment. Enclosed by a secure gate, this magnificent property invites discerning buyers to indulge in an unparalleled living experience surrounded by nature’s beauty.

Details

Property type

Single Family Residence

Est. home value

$654,601

Lot size

11.65 acres

Price per sq ft

$300

Year built

2014

Annual property taxes

$7,958

HOA

No

Price History

08/02/2024
CentralTexas

CentralTexas #543284

Price change
$880,000
-4.86%
05/10/2024
CentralTexas

CentralTexas #543284

Listed
$925,000
04/17/2024
CentralTexas

CentralTexas #518991

Removed

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

None

High school district: 

China Spring 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

-$5,740
Asking price
$880,000
Closing costs (~8% of asking)
-$70,400
Est. remaining loan balance
-$815,340
Cash to seller
-$5,740

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 Tech Fcu

Loan start date

September 2022

Original loan amount

$838,400

Est. remaining balance

$815,340

Interest rate

5.54%

Loan type

New Conventional, 30 year

Seller

Jeffrey Somers and Charla Somers

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: 08/01/2024 at 10:23 PM

Listed by: Cate Marmonti, Bridge Realty Phone #: (254) 732-5215

MLS: CentralTexas #543284

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