tomo logo

$1,225,000

Beds
5
Baths
3.0
sq ft
3,332

2995 FM 316, Mabank, TX 75147

2995 FM 316

Mabank, TX 75147

  • 29 days on market
STUNNING CUSTOM-BUILT HOME on 31+ acres near Cedar Creek Lake! This meticulously maintained farmhouse is a solid-built structure with the added security of steel beams rooted into the foundation! The bright living area welcomes with a grand stone fireplace for memorable gatherings. You’ll love the gourmet kitchen, shining with sleek appliances, granite counters, and custom wood cabinets. Upstairs, enjoy a second living area, two flex rooms, and a veranda for landscape views. The primary bedroom offers a spa-like bathroom and walk-in closet, complemented by four additional bedrooms built for comfort. Step outside to enjoy sweeping country views from the inground pool or covered lower-level patio while you dine al fresco. Enjoy AG and cattle exemptions, with coastal grass perfect for hay. Additional amenities include a gated entry to fenced property, a barn with electricity and a lean-to for RVs, and a pond. Just an hour's drive from Dallas, this property offers luxury and convenience—make this your piece of Texas!

Details

Property type

Single Family Residence

Est. home value

$722,559

Lot size

31.187 acres

Price per sq ft

$368

Year built

2003

Annual property taxes

$7,792

Price History

03/05/2025
NTREIS

NTREIS #20859748

Listed
$1,225,000
10/09/2024
NTREIS

NTREIS #20629591

Removed
08/09/2024
NTREIS

NTREIS #20629591

Price change
$1,290,000
-0.39%

Schools & Community

Elementary school: 

Eustace

Middle school: 

Eustace

High school: 

Eustace

School district: 

Canton ISD

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

First State Bank

Loan start date

October 2017

Original loan amount

$375,000

Est. remaining balance

Not provided

Interest rate

3.82%

Loan type

Not Provided

Seller

James King and Kawana King

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?

Status: Active

Tomo last checked: 04/03/2025 at 11:10 AM

Listing updated: 03/06/2025 at 12:37 AM

Listed by: Bill Moomaw, Regal, REALTORS Phone #: (972) 771-6970

MLS: NTREIS #20859748

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