tomo logo

$1,500,000

Beds
4
Baths
4.0
sq ft
3,789

2440 N FM 740, Rockwall, TX 75032

2440 N FM 740

Heath, TX 75032

  • 80 days on market
    • Price drop $199,000↓
Beautifully updated home with room to store 8 cars plus! 4BR 4Bath 2-story home with views across 3 acres. The detached 735 square foot Guest House could serve as a home office or perhaps rental income. The expansive 3,680 square foot Workshop with overhead doors provides endless options for your business or hobbies. Circular drive provides plenty of parking for guests & the foyer is accessed through the grand double wrought iron front doors. Open concept main living space is lavishly updated & kitchen includes commercial grade appliances including a gas range. Walls of windows illuminate the space & provide beautiful views from the kitchen, living room & family room. Primary bedroom has direct access to balcony which overlooks the pool & expansive yard. Note that the workshop is 40'X92' with 2 large overhead garage doors for a large Car Collection, RV, Boat, Man Cave, projects or home business. The previously mentioned detached 735 SF guest house with full bathroom, kitchenette & laundry could also serve as home office or pool cabana. Heath provides a perfect setting to raise your family including exceptional schools, exceptional recreational activities and parks nearby, PLUS its close proximity to Lake Ray Hubbard is a bonus.

Details

Property type

Single Family Residence

Est. home value

$963,937

Lot size

3.064 acres

Price per sq ft

$396

Year built

1994

Price History

02/10/2025
NTREIS

NTREIS #20791093

Price change
$1,500,000
12/05/2024
NTREIS

NTREIS #20650211

Removed
12/05/2024
NTREIS

NTREIS #20791093

Listed
$1,699,000
-4.82%

Schools & Community

Elementary school: 

Amy Parks-Heath

Middle school: 

Cain

High school: 

Heath

School district: 

Rockwall 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

$702,318
Asking price
$1,500,000
Closing costs (~8% of asking)
-$120,000
Est. remaining loan balance
-$677,682
Cash to seller
$702,318

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

Seller’s Loan History

Lender

Redstone Funding Llc

Loan start date

April 2022

Original loan amount

$715,400

Est. remaining balance

$677,682

Interest rate

3.89%

Loan type

New Conventional, 30 year

Seller

Brandy Miller and Brooks Miller

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: 02/23/2025 at 9:25 PM

Listing updated: 02/10/2025 at 8:07 AM

Listed by: Melanie Brigante, Delahn Realty Phone #: (214) 499-6236

MLS: NTREIS #20791093

NTREIS logo

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