tomo logo

$505,000

Beds
4
Baths
3.0
sq ft
2,750

4301 Cherry Ln, Melissa, TX 75454

4301 Cherry Ln

Melissa, TX 75454

  • 54 days on market
Meticulously maintained Multi -Gen,this home boasts dual primary suites—one per level—for added convenience and luxury. The expansive Open Floor Plan seamlessly integrates a superb Kitchen with the inviting Breakfast area and cozy family room, creating an ideal space for both relaxation and entertainment. A dedicated Bedroom(Home Office space) offers functionality and privacy,while the four well-appointed bedrooms, ensure ample accommodation for family and guests alike.Ascend to the loft area on the second floor, can be utilized as a media room for cherished Family Movie Gatherings,offering versatility and additional leisure space.Outdoors,the expansive backyard presents a large covered patio and inviting fire pit, complemented by lush grassy areas. Residents can enjoy an array of amenities, including a highly coveted,Exemplary-rated Elementary School onsite,two swimming pools,splash pads, playgrounds, scenic walking trails around the lake,and much more .3-D Virtual tour is available.

Details

Property type

Single Family Residence

Est. home value

$512,933

Lot size

5,749.92 sq ft

Price per sq ft

$184

Year built

2016

Annual property taxes

$9,306

Monthly HOA fee

$57

Price History

09/12/2024
NTREIS

NTREIS #20690758

Removed
09/12/2024
NTREIS

NTREIS #20727267

Listed
$505,000
-4.72%
08/29/2024
NTREIS

NTREIS #20690758

Price change
$530,000
-0.93%

Schools & Community

Elementary school: 

Harry Mckillop

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

-$390,602
Asking price
$505,000
Closing costs (~8% of asking)
-$40,400
Est. remaining loan balance
-$855,202
Cash to seller
-$390,602

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

Seller’s Loan History

Lender

United Wholesale Mortgage

Loan start date

July 2022

Original loan amount

$885,000

Est. remaining balance

$855,202

Interest rate

5.1%

Loan type

New Conventional, 30 year

Seller

Olena Savega and Dmytro Savega

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 5:40 PM

Listing updated: 10/27/2024 at 2:37 PM

Listed by: Irina Norcross, Great Western Realty Phone #: (817) 689-2888

MLS: NTREIS #20727267

NTREIS logo

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