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$998,000

Beds
7
Baths
8.0
sq ft
7,000

2714 Lake Shore Dr, Edinburg, TX 78539

2714 Lake Shore Dr

Edinburg, TX 78539

  • 238 days on market
    • Price drop $1,800↓
Gorgeous Spanish Mediterranean home in the coveted Lake James Subdivision! This home has all the extras! The home was fully reconstructed in 2010. The private courtyard entrance opens to a formal dining room with a wine cave and custom decorative ceilings. Hand crafted iron staircase leads to a library with access a covered balcony overlooking the beautiful grounds. The living room has 18” ceilings, a wood burning fireplace and windows overlooking the lush, densely landscaped backyard and pool designed for a unique family experience! The primary bedroom has a spacious seating area, a wood burning fireplace and private access to the jacuzzi under a beautiful iron gazebo. The open concept kitchen lends an entertaining bonus of an extra-large butlers’ pantry that offers privacy during dinner parties and plenty of space for caterers to work behind the scenes. But that is not all - the separate back house includes 2 offices, a gym, and a private guest bedroom.

Details

Property type

Single Family Residence

Est. home value

$667,200

Lot size

0.55 acres

Price per sq ft

$143

Year built

1975

Annual property taxes

$13,143

Monthly HOA fee

$73.33

Price History

01/23/2024
McAllenTX

McAllenTX #411860

Price change
$998,000
08/22/2023
McAllenTX

McAllenTX #411860

Listed
$998,000
-0.18%
08/22/2023
McAllenTX

McAllenTX #411860

Listed
$999,800

Schools & Community

Elementary school: 

Canterbury

Middle school: 

South Middle School

High school: 

Vela H.S.

Community features: 

Street Lights

High school district: 

Edinburg ISD

Tracey, Home Search Advisor
Tracey
Home Search Advisor

How can I help? Hi, I’m Tracey, your real estate expert. Send me your questions about this listing or about shopping for homes.

Response time: 20 min or less

or text or call (404) 738-5385

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

$482,613
Asking price
$998,000
Closing costs (~8% of asking)
-$79,840
Est. remaining loan balance
-$435,547
Cash to seller
$482,613

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

Seller’s Loan History

Lender

Loandepot.Com Llc

Loan start date

January 2021

Original loan amount

$470,000

Est. remaining balance

$435,547

Interest rate

2.72%

Loan type

New Conventional, 30 year

Seller

Myra Garcia and Richard H Garcia

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: 04/16/2024 at 6:10 PM

Listing updated: 01/23/2024 at 8:10 PM

Listed by: Myra Caridad Garcia, Re/Max Property Group Phone #: (713) 253-0104

MLS: McAllenTX #411860

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The data relating to real estate for sale on this website comes in part from the Internet Data exchange (IDX) program of Greater McAllen Association of REALTORS®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Copyright © 2024 Greater McAllen Association of REALTORS®. All rights reserved.