tomo logo

$244,900

Beds
5
Baths
5.0
sq ft
4,841

302 Grace Ln, Terrell, TX 75160

302 Grace Ln

Terrell, TX 75160

  • 122 days on market
    • Price drop $100↓
***2nd CHANCE TO CASH IN AT LOWER PRICE!, BUYER COULD NOT QUALIFY. RECENT COMPARABLE SALES SUGGEST AN AMAZING AFTER REPAIR VALUE ON THIS PROPERTY*** Investor's Dream Opportunity located in the heart of Terrell waiting to be transformed into a masterpiece! This historic home with its blend of old-world charm & modern amenities, is brimming with potential with 5 beds and over 4800 sq ft, nestled on over an acre of prime land on a fully fenced corner lot in desirable North Terrell offers abundant possibilities offering original craftsmanship, modern amenities & extensive outdoor features. Abundant & spacious layout including downstairs master suite with two closets, office, master bath and more. Enjoy two large living areas that provide ample space for family. Sprawling backyard ready for you to create your own private oasis with a large inground pool, cabana and plenty of room for a basketball or tennis court! Also included are 2-car detached garages.The grounds are shaded by majestic pecan & oak trees.

Details

Property type

Single Family Residence

Est. home value

$334,197

Lot size

1.17 acres

Price per sq ft

$51

Year built

1935

Annual property taxes

$19,742

Price History

11/01/2024
NTREIS

NTREIS #20708811

Price change
$244,900
-0.04%
10/22/2024
NTREIS

NTREIS #20708811

Price change
$245,000
-1.96%
09/30/2024
NTREIS

NTREIS #20708811

Pending
$249,900

Schools & Community

Elementary school: 

Burnett

Middle school: 

Furlough

High school: 

Terrell

School district: 

Terrell 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

$35,829
Asking price
$244,900
Closing costs (~8% of asking)
-$19,592
Est. remaining loan balance
-$189,479
Cash to seller
$35,829

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

Seller’s Loan History

Lender

Amcap Mortgage Ltd

Loan start date

August 2021

Original loan amount

$204,250

Est. remaining balance

$189,479

Interest rate

2.98%

Loan type

New Conventional, 30 year

Seller

Jose Chavez and Nora Chavez

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: 12/23/2024 at 5:45 PM

Listing updated: 12/05/2024 at 3:22 PM

Listed by: Jesse Vasquez, Casa Real Estate Inc Phone #: (469) 596-2004

MLS: NTREIS #20708811

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