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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

  • 117 days on market
    • Price drop $10,470↓
Amazing Melissa ISD Home on Greenbelt with Huge Lot! This stunning Country French design in Magnolia Ridge features beautiful stone accents and a spacious 3-car garage, complete with built-in shelves for ample storage. This multigenerational home offers a second bedroom located on the main floor, complete with an ensuite full bath—a perfect setup for guests or family. Highlights include an 8' Knotty Alder front door, hand-scraped hardwood floors, a generous study with French doors, and a large formal dining room. The main floor boasts a huge master suite, flexible living spaces, and a gourmet kitchen equipped with custom cabinetry, granite countertops, and an island, along with a covered patio. Upstairs, you’ll find a guest bedroom, two additional bedrooms, a game room, and a media room. Experience the perfect flow and comfort throughout this exquisite home!

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

$220,639
Asking price
$599,999
Closing costs (~8% of asking)
-$48,000
Est. remaining loan balance
-$331,360
Cash to seller
$220,639

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

$331,360

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: 11/05/2024 at 3:15 PM

Listing updated: 10/16/2024 at 7:08 PM

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

MLS: NTREIS #20666693

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