tomo logo

$240,000

Beds
3
Baths
2.0
sq ft
1,200

348 N Cherokee Shores Dr, Mabank, TX 75156

348 N Cherokee Shores Dr

Mabank, TX 75156

  • 143 days on market
    • Price drop $40,900↓
Conveniently located, just 10 minutes from 175 in Eustace and 10 minutes from Gun Barrel City, this home is ready for you! Completed in 2023, this home has 3 bedrooms, 2 bathrooms, including an ensuite bath! It features tray ceilings, granite in kitchen and baths, vinyl plank flooring, large laundry room, large closets, exterior storage room and two covered porches! You can enjoy the community pool - and it's even in the Eustace school district. This house has it all! Note: this home is tenant-occupied with an active lease through October 2024, although they are willing to terminate lease early if desired. Priced below appraised value! Check out the virtual tour (note: photos and virtual tour are not of the actual property, but is the exact same layout)

Details

Property type

Single Family Residence

Est. home value

$237,687

Lot size

4,965.84 sq ft

Price per sq ft

$200

Year built

2023

Annual property taxes

$3,498

Monthly HOA fee

$16.5

Price History

06/06/2024
NTREIS

NTREIS #20596089

Price change
$240,000
-14.56%
04/29/2024
NTREIS

NTREIS #20596089

Listed
$280,900

Schools & Community

Elementary school: 

Eustace

Middle school: 

Eustace

High school: 

Eustace

School district: 

Eustace 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

$91,554
Asking price
$240,000
Closing costs (~8% of asking)
-$19,200
Est. remaining loan balance
-$129,246
Cash to seller
$91,554

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

Seller’s Loan History

Lender

Investor Mortgage Finance Llc

Loan start date

July 2023

Original loan amount

$131,000

Est. remaining balance

$129,246

Interest rate

6.39%

Loan type

New Conventional, 30 year

Seller

1Mandk1 Investments Llc

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?

Similar Homes Nearby

Price drop
NTREIS
$209,000
3 bd
|
2 ba
|
1,060 sq ft
|
House

6106 Tejas Dr, Mabank, TX 75156

Price drop
NTREIS
$254,900
3 bd
|
2 ba
|
1,286 sq ft
|
House

188 Armada Loop, Mabank, TX 75156

NTREIS
$225,000
3 bd
|
2 ba
|
1,296 sq ft
|
House

104 Lake Arrowhead Dr, Mabank, TX 75156

Status: Active

Tomo last checked: 09/19/2024 at 5:10 PM

Listing updated: 07/03/2024 at 11:23 AM

Listed by: Erica Green, R4U Realty Group Phone #: (214) 444-9548

MLS: NTREIS #20596089

NTREIS logo

Recently listed in Mabank

$225,000|3 bd|2.0 ba|House
$84,500|3 bd|2.0 ba|Manufactured
$325,000|4 bd|2.0 ba|House
$125,000|2 bd|1.0 ba|House
$269,900|4 bd|3.0 ba|House
$164,900|3 bd|2.0 ba|House
$700,000|3 bd|2.0 ba|House
$179,900|3 bd|2.0 ba|House
$478,700|4 bd|4.0 ba|House