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$599,999

Beds
4
Baths
3.0
sq ft
3,465

4016 Magnolia Ridge Dr, Melissa, TX 75454

4016 Magnolia Ridge Dr

Melissa, TX 75454

  • 135 days on market
    • Price drop $10,470↓
Welcome to this stunning Country French-style home in the highly desirable Magnolia Ridge community, located in the top-rated Melissa ISD. Situated on a huge greenbelt lot, this home offers exceptional privacy and peaceful views. The stone-accented exterior and inviting 8' Knotty Alder front door set the stage for the elegant interior, featuring hand-scraped hardwood floors and thoughtful design details throughout. Perfect for multigenerational living, the main floor includes a luxurious master retreat with a spa-like ensuite and a spacious custom closet, as well as a second bedroom with an ensuite full bath—ideal for guests or in-laws. The gourmet kitchen boasts custom cabinetry, granite countertops, an island, and Frigidaire stainless steel appliances, including a 30-inch glass cooktop, convection oven, and built-in microwave. A two-story family room serves as the heart of the home, while the study with French doors and a formal dining room add to the functional yet sophisticated layout. Upstairs, you'll find two additional bedrooms, a guest room, a game room, and a bonus room, providing endless possibilities for entertainment and relaxation. The outdoor living space is equally impressive, with a flagstone-covered patio perfect for entertaining, all overlooking the greenbelt and lush landscaping. Additional upgrades include a mud pan shower in the master bath, upgraded Frieze carpeting, oil-rubbed bronze fixtures, and a Juliet balcony that adds a touch of charm to the grand entryway. This spacious home, complete with a three-car garage and built-in storage, is move-in ready and offers a blend of luxury, comfort, and practicality. Schedule your tour today and fall in love with this remarkable property!

Details

Property type

Single Family Residence

Est. home value

$605,548

Lot size

0.251 acres

Price per sq ft

$174

Year built

2017

Annual property taxes

$9,336

HOA fee

$329

Price History

09/13/2024
NTREIS

NTREIS #20666693

Price change
$599,999
-1.72%
07/11/2024
NTREIS

NTREIS #20666693

Listed
$610,469

Schools & Community

Elementary school: 

Melissa

Middle school: 

Melissa

High school: 

Melissa

School district: 

Melissa 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

$222,433
Asking price
$599,999
Closing costs (~8% of asking)
-$48,000
Est. remaining loan balance
-$329,566
Cash to seller
$222,433

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

Seller’s Loan History

Lender

Rocket Mortgage Llc

Loan start date

December 2021

Original loan amount

$390,330

Est. remaining balance

$329,566

Interest rate

2.33%

Loan type

New Conventional, 16 year

Seller

Joshua A Day and Lindsey M Day

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: 11/23/2024 at 12:20 PM

Listing updated: 11/17/2024 at 3:08 PM

Listed by: Lucie Warfield, Divine Estate Realty LLC Phone #: (214) 995-3211

MLS: NTREIS #20666693

NTREIS logo

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