tomo logo

$585,000

Beds
3
Baths
3.5
sq ft
3,206

4702 Magnolia Summit Ln, Katy, TX 77494

4702 Magnolia Summit Ln

Katy, TX 77494

  • 126 days on market
    • Price drop $10,000↓
Incredible David Weekley one story home featured in the exclusive Ashfield Gardens community of Cinco Ranch! This KatyISD home has numerous upgrades including plantation shutters, indoor and outdoor gas fireplaces, wine grotto, butler's pantry, and a large kitchen that is an entertainer's dream. The high ceilings and large windows allow natural light to pour into the home. You'll delight in the oversized shower area of the expansive primary bath with two separate shower heads - your own personal spa! In addition the home has 3 separate patio areas and a 3 car tandem garage with a dedicated outlet for an electric vehicle. Don't miss the stairs in the garage leading to the Texas Basement with a generous storage area. The neighborhood also has its own exclusive community center with fitness facilities and weekly social events for residents along with the other amenities that Cinco Ranch has to offer. Schedule your private tour today and don't miss out on the home you'll fall in love with!

Details

Property type

Single Family Residence

Est. home value

$609,370

Lot size

8,159 sq ft

Price per sq ft

$183

Year built

2012

Annual property taxes

$12,436

Monthly HOA fee

$119.17

Price History

10/02/2024
Houston

Houston #40423250

Price change
$585,000
-1.68%
08/09/2024
Houston

Houston #40423250

Price change
$595,000
-2.46%
07/20/2024
Houston

Houston #40423250

Listed
$610,000

Schools & Community

Elementary school: 

WILSON ELEMENTARY SCHOOL (KATY)

Middle school: 

TAYS JUNIOR HIGH SCHOOL

High school: 

TOMPKINS HIGH SCHOOL

Community features: 

Tennis Court(s)

School district: 

Katy

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

$221,508
Asking price
$585,000
Closing costs (~8% of asking)
-$46,800
Est. remaining loan balance
-$316,692
Cash to seller
$221,508

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

Seller’s Loan History

Lender

Wells Fargo Bank Na

Loan start date

April 2020

Original loan amount

$349,500

Est. remaining balance

$316,692

Interest rate

3.36%

Loan type

New Conventional, 30 year

Seller

Joseph R Garcia and Heather Garcia

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?

Similar Homes Nearby

Price drop
Houston
$500,000
3 bd
|
3 ba
|
2,669 sq ft
|
House

27306 Symphony Creek Ln, Fulshear, TX 77441

Houston
$510,000
3 bd
|
3 ba
|
2,553 sq ft
|
House

23715 Desert Gold Dr, Katy, TX 77494

Houston
$575,000
3 bd
|
4 ba
|
2,773 sq ft
|
House

26922 Camirillo Creek Ln, Katy, TX 77494

Status: Active

Tomo last checked: 11/14/2024 at 7:45 PM

Listing updated: 11/10/2024 at 3:08 PM

Listed by: Heather Garcia, CB&A, Realtors-Katy Phone #: (832) 678-4770

MLS: Houston #40423250

Houston logo

Recently listed in Katy

$550,000|4 bd|3.5 ba|House
$559,000|4 bd|2.5 ba|House
$1,049,000|5 bd|4.5 ba|House
$394,000|4 bd|3.5 ba|House
$369,000|3 bd|2.0 ba|House
$320,000|3 bd|2.0 ba|House
$359,900|4 bd|3.0 ba|House
$310,990|2 bd|2.0 ba|House