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$349,900

Beds
3
Baths
2.0
sq ft
1,608

285 Lcr 516, Mexia, TX 76667

285 Lcr 516

Mexia, TX 76667

  • 310 days on market
    • Price drop $2,100↓
This beautiful ranch style brick home on 4.17 acres in Point Enterprise offers a peaceful retreat surrounded by pasture land. The 3 BR, 2 BA home features a spacious great room with stone fireplace and cathedral ceiling. New windows add modern touches, while the front and back covered porches provide stunning views of the rolling fields and pastures. This fenced property includes a 40x26 +- 3 stall horse barn with hay and feed storage, water & electric, an arena, and fruit trees. Attached is a 12x40 +- covered concrete walkway with a horse turn out lot. Nearby is a covered horse trailer-RV space on a slab. With easy access to major cities via I35 & I45, this country oasis is perfect for those seeking a serene lifestyle. Don't miss the opportunity to escape to this charming property at 285 Lcr 516.

Details

Property type

Single Family Residence

Est. home value

$325,230

Lot size

4.17 acres

Price per sq ft

$218

Year built

1996

Annual property taxes

$3,457

Price History

03/19/2025
Houston

Houston #40655103

Price change
$349,900
-0.6%
03/17/2025
Houston

Houston #40655103

Price change
$352,000
-4.86%
03/15/2025
Houston

Houston #40655103

Listed
$370,000

Schools & Community

Elementary school: 

A B MCBAY ELEMENTARY SCHOOL

Middle school: 

MEXIA JUNIOR HIGH SCHOOL

High school: 

MEXIA HIGH SCHOOL

School district: 

Mexia

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

$227,806
Asking price
$349,900
Closing costs (~8% of asking)
-$27,992
Est. remaining loan balance
-$94,102
Cash to seller
$227,806

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

Seller’s Loan History

Lender

Primelending

Loan start date

July 2009

Original loan amount

$138,888

Est. remaining balance

$94,102

Interest rate

5.59%

Loan type

FHA, 30 year

Seller

Robert E Fortson and Andrea R Fortson

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: 04/10/2025 at 7:05 AM

Listing updated: 03/19/2025 at 10:18 AM

Listed by: Kimberlea Story, Story Real Estate Group, INC Phone #: (903) 388-8826

MLS: Houston #40655103

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