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$650,000

Beds
3
Baths
3.0
sq ft
1,554

464 Cr 262, Mico, TX 78056

464 Cr 262

Mico, TX 78056

  • <1 day on market
Ask about the VA assumable loan at a very attractive interest rate. Medina Lake has been called some of the most beautiful Rural Real Estate in the state of Texas. When the trees bloom, you get the beauty of the Texas Hill Country and in the deep-water areas of Mico, TX on the lake, the water views are breathtaking. Located on the Masterson's Point Peninsula this property features (3) structures at one of the highest points on Medina Lake. Structure #1 (main structure) is a 1,289 sq. ft. structure on a pier and beam foundation with a downstairs bedroom with a full bath and a loft upstairs that fits a bed on each side with a shared full bathroom. The downstairs features a large living room/dining room with an open floor plan, a 20' peak, vaulted stained wood ceiling with large picture windows facing the lake. This structure also features a 34' x 9' wood deck facing North toward the lake. Structure #2 is a Cabin featuring a 264 sq. ft. studio including a full bathroom and the other 119 sq. ft of the cabin is a second utility room/storage. This structure needs a kitchenette to be complete but is a livable space with a functioning window unit. Structure #3 is a newly added 40' x 30' metal building on a slab foundation at the top of the hill closer to the entrance gate. One garage door is oversized to fit a boat on a trailer and the second garage door is a standard single-car garage door. There is an approx. 10' x 30' section that is framed with utilities run for a studio living space, a bathroom, and a closet. This building also has a covered front porch and a gorgeous stained concrete pad featuring a Cowboy hot tub and fire pit. In addition the property features a partial security fence with a rolling gate, a paved asphalt road from the street to all three structures, a newly installed 900' well, a fenced-off chicken coup, a garden, xeriscaping, a 20' x 20' metal roofed Gazebo with a fan and solar powered lights, paved stairs from the main structure that lead to one of the few concrete bullheads that were allowed on Medina lake that sits right at the peak water line. Also included is a steel boat dock, with a metal roof, a jet ski pad, lights and a boat lift as seen in the pictures. NOTE: This is an irrigation lake and lake levels do flucutate.

Details

Property type

Single Family Residence

Est. home value

$644,576

Lot size

2.93 acres

Price per sq ft

$419

Year built

1997

Annual property taxes

$7,685.37

Price History

09/19/2024
SanAntonio

SanAntonio #1809892

Listed
$650,000
09/07/2024
SanAntonio

SanAntonio #1739640

Removed
04/11/2024
SanAntonio

SanAntonio #1739640

Price change
$684,999
-2.14%

Schools & Community

Elementary school: 

Medina Valley

Middle school: 

Medina Valley

High school: 

Medina Valley

School district: 

Medina Valley I.S.D.

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

$180,185
Asking price
$650,000
Closing costs (~8% of asking)
-$52,000
Est. remaining loan balance
-$417,815
Cash to seller
$180,185

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

Seller’s Loan History

Lender

Gardner Financial Services Ltd

Loan start date

January 2021

Original loan amount

$454,799

Est. remaining balance

$417,815

Interest rate

2.71%

Loan type

VA, 30 year

Seller

John J Blackburne and Laura Ann Blackburne

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: 09/19/2024 at 6:20 PM

Listing updated: 09/19/2024 at 7:10 AM

Listed by: Gerard Kolodejcak, Marshall Reddick Real Estate Phone #: (210) 339-2932

MLS: SanAntonio #1809892

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