tomo logo

$399,900

Beds
3
Baths
2.0
sq ft
1,517

5004 Ridge Run Dr, Mckinney, TX 75071

5004 Ridge Run Dr

McKinney, TX 75071

  • 2 days on market
This beautifully updated one-story home boasts an oversized living space, nestled in the highly sought-after Summit View Lake Community, complete with a community pool, serene lake, parks, scenic trails and Prosper ISD. The residence features an additional living room that can easily serve as a home office, offering versatility to suit your lifestyle. The stunning floor-to-ceiling stone fireplace with a custom wood mantle serves as the centerpiece for entertaining in the main living area, enhanced by stylish wood-look luxury flooring that flows seamlessly into the kitchen. The heart of the home, the kitchen, is equipped with stainless steel appliances, a gas cooktop, abundant cabinetry, and a breakfast bar with space for barstools, making it perfect for casual dining and gatherings. A second living area off the foyer provides flexible space to accommodate your needs. The spacious owner's suite is located in its own wing and features a striking built-in wooden ceiling light, along with an en-suite bath that includes a garden tub, separate shower, dual sinks, and a generous walk-in closet. Two secondary bedrooms and bathrooms are situated down a private hallway, ensuring comfort and privacy. Step outside to enjoy a large backyard with a patio, ideal for outdoor relaxation or entertaining. The property also features fully paid-off solar panels, providing low energy bills throughout the year. New water heater replaced in 2022, Dishwasher replaced in 2023. Don’t miss this incredible opportunity to call this stunning home yours! Close to Baylor Scott & White hospital, Costco and lots of shopping.

Details

Property type

Single Family Residence

Est. home value

$388,843

Lot size

6,098.4 sq ft

Price per sq ft

$264

Year built

2010

Annual property taxes

$7,206

HOA fee

$400

Price History

12/19/2024
NTREIS

NTREIS #20800376

Listed
$399,900
08/11/2022
NTREIS

NTREIS #20106786

Removed

Schools & Community

Elementary school: 

John A Baker

Middle school: 

Lorene Rogers

High school: 

Prosper

School district: 

Prosper 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

$57,787
Asking price
$399,900
Closing costs (~8% of asking)
-$31,992
Est. remaining loan balance
-$310,121
Cash to seller
$57,787

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

Seller’s Loan History

Lender

Churchill Mortgage Corp

Loan start date

August 2022

Original loan amount

$320,000

Est. remaining balance

$310,121

Interest rate

5.81%

Loan type

New Conventional, 30 year

Seller

Yiming Zhang and Xuan Cheng

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: 12/21/2024 at 11:40 PM

Listing updated: 12/20/2024 at 6:32 PM

Listed by: Raghavendra Ghanagam, VP Realty Services Phone #: (214) 597-0294

MLS: NTREIS #20800376

NTREIS logo

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