tomo logo

$1,699,000

Beds
4
Baths
5.0
sq ft
2,949

2531 Homestead Ct, Tool, TX 75143

2531 Homestead Ct

Tool, TX 75143

  • 27 days on market
Custom Modern Farmhouse with Stunning Lake Views in Exclusive Gated Community! Welcome to this exceptional modern farmhouse located in a gated community on the deep end of Cedar Creek Lake. Offering panoramic water views and great water depth, this is the ultimate lakefront lifestyle. Your bright and airy home features a beautifully designed open-concept floor plan with expansive windows that capture breathtaking lake views from almost every room. The soft modern interior offers a seamless flow between the gourmet kitchen, spacious living room, and dining area, making it perfect for both family living and entertaining. Gourmet kitchen - chef-inspired and equipped with top-of-the-line appliances, custom cabinetry, and a large island, designed for ease of cooking and entertaining. Outdoor living - step outside to the stunning covered patio, which boasts an outdoor kitchen and fireplace, ideal for relaxing and entertaining. Electric shades provide a bug-free, year-round space to enjoy the fresh air and lake views. Spacious primary bedroom - located on the first floor, offers tranquil lake views and a luxurious ensuite bath, providing a peaceful escape. Upstairs retreat - second level features a cozy second living area, two spacious bedrooms with ensuite baths, and a bunk room with its own ensuite bath—plenty of space for family and guests! Large, fully fenced backyard - perfect for pets, children, or just enjoying the outdoors in privacy. The composite dock - features covered seating and a large party deck, perfect for watching fireworks or simply enjoying the serene lake setting. Situated in the Driftwood Farm community, a gated neighborhood of just 10 homes, this property offers privacy and seclusion while being just over an hour from Dallas. This urban farmhouse blends modern luxury with a relaxed, rustic charm, offering the perfect setting for lake life. Please see Transaction Desk for list of Upgrades. Jetski conveys with accepted offer IF closed by Dec 31st!

Details

Property type

Single Family Residence

Est. home value

$1,379,963

Lot size

0.28 acres

Price per sq ft

$577

Year built

2020

Annual property taxes

$20,280

HOA

Yes

Price History

12/03/2024
NTREIS

NTREIS #20781508

Listed
$1,699,000
11/17/2024
NTREIS

NTREIS #20699753

Removed
10/04/2024
NTREIS

NTREIS #20699753

Price change
$1,675,000
-1.47%

Schools & Community

Elementary school: 

Malakoff

Middle school: 

Malakoff

High school: 

Malakoff

Community features: 

Gated

School district: 

Malakoff 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

$1,098,585
Asking price
$1,699,000
Closing costs (~8% of asking)
-$135,920
Est. remaining loan balance
-$464,495
Cash to seller
$1,098,585

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

Seller’s Loan History

Lender

0Cardinal Financial Co Limited Partnersh

Loan start date

December 2020

Original loan amount

$510,400

Est. remaining balance

$464,495

Interest rate

2.81%

Loan type

New Conventional, 30 year

Seller

Joshua Blake Smith and Christine Smith

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?

Similar Homes Nearby

NTREIS
$1,689,000
3 bd
|
4 ba
|
2,560 sq ft
|
House

115 Crestwood Cir, Enchanted Oaks, TX 75156

NTREIS
$1,575,000
3 bd
|
3 ba
|
2,454 sq ft
|
House

258 Lakeview Dr, Trinidad, TX 75163

Status: Active

Tomo last checked: 12/23/2024 at 5:30 AM

Listing updated: 12/03/2024 at 4:02 PM

Listed by: Denton Aguam, Keller Williams Legacy Phone #: (972) 599-7000

MLS: NTREIS #20781508

NTREIS logo

Recently listed in Tool

$180,000|3 bd|2.0 ba|House
$285,000|4 bd|2.0 ba|House
$145,000|4 bd|2.0 ba|House
$389,900|3 bd|2.0 ba|Manufactured
$299,000|3 bd|2.0 ba|House
$350,000|3 bd|2.0 ba|House
$2,999,500|4 bd|6.0 ba|House
$267,900|3 bd|2.0 ba|House
$425,000|3 bd|2.0 ba|House