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$299,000

Beds
3
Baths
3.0
sq ft
2,005

341 Magnolia Dr, Fate, TX 75087

341 Magnolia Dr

Fate, TX 75087

  • <1 day on market
Rare opportunity to purchase a home with an assumable 2.75% interest rate for under $300k! This 2-story home in the Woodcreek subdivision of Fate, TX has over 2000 sf of living space with 3 bedrooms, 2 full baths, & 1 half bath. All bedrooms are located upstairs with the primary bedroom sporting a very large walk-in closet & updated bathroom. Also located upstairs is an additional living room with dry bar. What sets this home apart from most in this community is its location across from a green belt. The covered backyard porch & separate pergola are also great additions that not all homes have in this community. The neighborhood park is within walking distance & the home’s proximity to Hwy 66 is a plus! Downtown Fate is less than half a mile away. Three pools, several parks, dog parks, ball fields, walking trails, clubhouse, basketball courts & fitness center are available to all residents at Woodcreek!

Details

Property type

Single Family Residence

Est. home value

$345,383

Lot size

5,706.36 sq ft

Price per sq ft

$150

Year built

2004

Annual property taxes

$6,566

HOA fee

$360

Price History

11/07/2024
NTREIS

NTREIS #20772318

Listed
$299,000
09/01/2024
NTREIS

NTREIS #20541623

Removed
06/30/2024
NTREIS

NTREIS #20541623

Price change
$310,000
-1.59%

Schools & Community

Elementary school: 

Vernon

Middle school: 

Bobby Summers

High school: 

Royse City

Community features: 

Pool, Clubhouse, Park, Playground, Sidewalks

School district: 

Royse City 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

$48,563
Asking price
$299,000
Closing costs (~8% of asking)
-$23,920
Est. remaining loan balance
-$226,517
Cash to seller
$48,563

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

Seller’s Loan History

Lender

North Bank

Loan start date

October 2020

Original loan amount

$248,536

Est. remaining balance

$226,517

Interest rate

2.91%

Loan type

VA, 30 year

Seller

Dedrick Micheal Hagerman and Amber Marie Hagerman

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: 11/08/2024 at 5:50 AM

Listing updated: 11/07/2024 at 10:13 PM

Listed by: Jennifer Cloud, Prominus, LLC Phone #: (469) 319-2846

MLS: NTREIS #20772318

NTREIS logo

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