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$3,900,000

Beds
6
Baths
6.0
sq ft
12,954

405 W Spreading Oaks Ave, Friendswood, TX 77546

405 W Spreading Oaks Ave

Friendswood, TX 77546

  • 9 days on market
Once owned by a famous local, this property does not disappoint. Grounds are a playground for your imagination w/ endless possibilities from adding horse stables to building your own helipad. Within minutes of Hobby airport & Downtown Houston. Tucked away behind a private gated entry, a winding driveway leads you to the home surrounded by lush greenery. Contemporary, open floor plan designed for entertaining & security. 6 bedroom, 5.5 bath w/ main living room & entertaining areas showcasing vaulted ceilings w/ custom ceiling wood beams. Expansive hallway is perfect for a personal art collection. If security is paramount, primary bedroom is located in a private wing w/ keypad lock & bulletproof door. Upstairs, privacy is at the forefront of the design w/ 2 separate wings. Outdoor oasis features resort style pool w/ a 24-seat spa, outdoor kitchen & bar area. Property also features a tennis court, relaxing private sauna/steam room, yoga room, wine cellar & custom ventilated cigar room.

Details

Property type

Single Family Residence

Est. home value

$4,028,305

Lot size

9.72 acres

Price per sq ft

$302

Year built

2006

Annual property taxes

$87,380

Price History

06/19/2024
Houston

Houston #49410017

Listed
$3,900,000

Schools & Community

Elementary school: 

WESTWOOD ELEMENTARY SCHOOL (FRIENDSWOOD)

Middle school: 

FRIENDSWOOD JUNIOR HIGH SCHOOL

High school: 

FRIENDSWOOD HIGH SCHOOL

Community features: 

Tennis Court(s)

School district: 

Friendswood

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

$627,335
Asking price
$3,900,000
Closing costs (~8% of asking)
-$312,000
Est. remaining loan balance
-$2,960,665
Cash to seller
$627,335

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

Seller’s Loan History

Lender

Mortgage Bank Of California

Loan start date

April 2023

Original loan amount

$3,000,000

Est. remaining balance

$2,960,665

Interest rate

6.5%

Loan type

New Conventional, 30 year

Seller

Ashley D Black

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: 06/28/2024 at 6:45 PM

Listing updated: 06/20/2024 at 12:44 PM

Listed by: Nancy Almodovar, Nan & Company Properties Phone #: (713) 714-6454

MLS: Houston #49410017

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