tomo logo

$375,000

Beds
3
Baths
2.0
sq ft
1,608

285 Lcr 516, Mexia, TX 76667

285 Lcr 516

Mexia, TX 76667

  • 117 days on market
    • Price drop $23,500↓
Beautiful ranch style brick home on 4.17 +- fenced & improved AG Exempt acres. This fabulous home is located in the quiet, peaceful & serene community of Point Enterprize surrounded by miles of pasture land & cattle ranches. This property features 3 BR, 2 BA, 2 car encl garage, a spacious and inviting great room with stone FP and cathedral ceiling. New windows were installed in 2022 and a new roof in 2016. Front & back cov porches are perfect for enjoying sunrise & sunsets across the fields & pastures. Lots of fruit trees adorn the front yard incl plum, peach & pear. An arena for riding & working horses a 40x26 +- 3 stall horse barn are wonderful additions & incl a feed room, tack room & storage area. Attached is a 12x40 +- cov concrete walkway with horse turn outs. Nearby is a cov horse trailer-RV space with hook ups, on a slab. Water & electric is to the barn. Escape to the country and enjoy country living at its finest. Near I35 & I45 for easy access to all major cities.

Details

Property type

Single Family Residence

Est. home value

$325,230

Lot size

4.17 acres

Price per sq ft

$234

Year built

1996

Annual property taxes

$3,457

Price History

07/19/2024
NTREIS

NTREIS #20627786

Price change
$375,000
-5.9%
06/24/2024
NTREIS

NTREIS #20627786

Price change
$398,500
-5.32%
06/12/2024
NTREIS

NTREIS #20627786

Price change
$420,900
-1.17%

Schools & Community

Elementary school: 

Mcbay

Middle school: 

Unknown

High school: 

Mexia

School district: 

Mexia 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

$248,437
Asking price
$375,000
Closing costs (~8% of asking)
-$30,000
Est. remaining loan balance
-$96,563
Cash to seller
$248,437

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

$96,563

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: 09/19/2024 at 9:35 PM

Listing updated: 07/19/2024 at 1:34 PM

Listed by: Kim Story, Story Real Estate Group Phone #: (254) 562-6617

MLS: NTREIS #20627786

NTREIS logo

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