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$237,900

Beds
3
Baths
2.0
sq ft
1,233

4516 Nervin St, The Colony, TX 75056

4516 Nervin St

The Colony, TX 75056

  • 2 days on market
INVESTORS, this 3-bedroom, 2-bath home is a fantastic opportunity for investors, DIY enthusiasts, or anyone looking to put their personal touch on a home with huge potential and priced under market value and tax value for the repairs the home needs. Needs foundation repairs, estimate is $3,710 & primary bathroom shower pan has possible leak. PRICE REFLECTS THE NEEDED REPAIRS. Home has a great deal of upside potential. Home was updated not long ago and has newer appliances, cabinets, HVAC is recent as well, and overall is in reasonable condition. With quick access to local parks, shopping, dining, and major highways, this property offers a prime location and the chance to build instant equity with the right updates. Don't miss out on this incredible opportunity. Cannot be financed with FHA or VA financing. Perfect investor property.

Details

Property type

Single Family Residence

Est. home value

$308,012

Lot size

4,399.56 sq ft

Price per sq ft

$193

Year built

1984

Annual property taxes

$6,515

Price History

01/30/2025
NTREIS

NTREIS #20828766

Listed
$237,900
01/29/2021
NTREIS

NTREIS #14485143

Removed

Schools & Community

Elementary school: 

Stewarts Creek

Middle school: 

Lakeview

High school: 

The Colony

School district: 

Lewisville 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

$23,769
Asking price
$237,900
Closing costs (~8% of asking)
-$19,032
Est. remaining loan balance
-$195,099
Cash to seller
$23,769

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

Seller’s Loan History

Lender

Mid-American Mortgage Inc

Loan start date

January 2021

Original loan amount

$214,700

Est. remaining balance

$195,099

Interest rate

2.71%

Loan type

New Conventional, 30 year

Seller

Michelle Gaspar and Christian A Sosa

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: 02/02/2025 at 6:10 AM

Listing updated: 01/30/2025 at 3:13 PM

Listed by: Alvin Paulson, Keller Williams NO. Collin Cty Phone #: (972) 562-8883

MLS: NTREIS #20828766

NTREIS logo

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