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$375,000

Beds
Unknown
sq ft
2,448

225 Russell Ln, Mansfield, TX 76063

225 Russell Ln

Mansfield, TX 76063

  • 12 days on market
    • Price drop $24,000↓
Calling all investors, developers, and custom home builders! This 2.5-acre lot in Mansfield is a super unique opportunity. It is located in the heart of Mansfield, close to commercial and shopping centers, you simply can't beat the location! The house has burned down and is no longer inhabitable.

Details

Property type

Single Family Residence

Lot size

2.5 acres

Price per sq ft

$154

Year built

1980

Annual property taxes

$2,891

Price History

01/20/2025
NTREIS

NTREIS #20812928

Price change
$375,000
-6.02%
01/09/2025
NTREIS

NTREIS #20812928

Listed
$399,000

Schools & Community

Elementary school: 

Ponder

Middle school: 

Linda Jobe

High school: 

Legacy

School district: 

Mansfield 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

Advisors Mortgage Group Llc

Loan start date

February 2024

Original loan amount

$492,000

Est. remaining balance

Not provided

Interest rate

7.34%

Loan type

Reverse Mortgage (Home Equity Conversion Mortgage)

Seller

Elaine M Enlow

Lender

Ameriquest Mortgage Co

Loan start date

July 2004

Original loan amount

$70,400

Est. remaining balance

Not provided

Interest rate

8.5%

Loan type

Stand Alone First, 30 year

Seller

James W Enlow and Elaine M Enlow

Lender

Betty J Kline

Loan start date

April 1994

Original loan amount

$35,000

Est. remaining balance

Not provided

Interest rate

7.32%

Loan type

Seller take-back

Seller

James W Enlow and Elaine M Enlow

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: 01/22/2025 at 9:55 AM

Listing updated: 01/20/2025 at 9:50 AM

Listed by: Riley Bevan, Real Estate Reformation Phone #: (682) 429-9942

MLS: NTREIS #20812928

NTREIS logo

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