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$1,325,000

Beds
4
Baths
4.0
sq ft
4,023

402 Timber Lake Dr, Southlake, TX 76092

402 Timber Lake Dr

Southlake, TX 76092

  • 29 days on market
Move in ready home in Timber Lake! Home has undergone a complete renovation. Beautiful hand-scraped hardwood floors welcome you. Kitchen boasts quartzite countertops, white cabinets, and over $25k worth of high-end appliances. Wolf Range with gas cooktop, electric range and warming drawer. Subzero fridge. Primary bedrm and guest bedrm on the main floor with direct access to full bathrm. Downstairs 2nd bdrm currently being used as an office. Powder room for visitors. Upstairs, 2 bedrms with a Jack & Jill bathroom and a game room. Primary bedroom has been renovated with heated travertine floors, jetted tub, a built-in electric fireplace, and a European towel warmer! The lush, private lot is meticulously landscaped, providing a serene retreat. Ample storage is available with spacious walk-in closets in each bedroom. Newer vinyl windows in 2021. There is a community pool, scenic walking paths, tennis courts, and two playgrounds. Wonderful location. Close to all Southlake has to offer.

Details

Property type

Single Family Residence

Est. home value

$1,163,909

Lot size

0.361 acres

Price per sq ft

$330

Year built

1994

Annual property taxes

$15,041

HOA fee

$600

Price History

10/10/2024
NTREIS

NTREIS #20694684

Removed
10/10/2024
NTREIS

NTREIS #20750443

Listed
$1,325,000
-2.93%
09/03/2024
NTREIS

NTREIS #20694684

Price change
$1,365,000
-1.73%

Schools & Community

Elementary school: 

Rockenbaug

Middle school: 

Dawson

High school: 

Carroll

Community features: 

Pool, Lake, Park, Sidewalks, Tennis Court(s)

School district: 

Carroll 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

$962,829
Asking price
$1,325,000
Closing costs (~8% of asking)
-$106,000
Est. remaining loan balance
-$256,171
Cash to seller
$962,829

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

Seller’s Loan History

Lender

First National Bank

Loan start date

February 2022

Original loan amount

$301,500

Est. remaining balance

$256,171

Interest rate

2.62%

Loan type

New Conventional, 15 year

Seller

James Martin and Rhonda Martin

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: 11/08/2024 at 4:15 PM

Listing updated: 10/29/2024 at 4:33 PM

Listed by: Johnny Williams, Keller Williams Realty Phone #: (817) 329-8850

MLS: NTREIS #20750443

NTREIS logo

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