tomo logo

$329,999

Beds
3
Baths
2.0
sq ft
1,400

501 County Road 2298, Cleveland, TX 77327

501 County Road 2298

Cleveland, TX 77327

  • 116 days on market
    • Price drop $1↓
ASSUMABLE LOAN AT 5.499%!!!! This country home is nestled on nearly 2 acres in a country setting without any back neighbors. The home offers the ideal blend of privacy, comfort and peacefulness. This open-concept design features 3 spacious bedrooms and 2 full bathrooms creating a welcoming atmosphere for relaxation. Enjoy the beautiful views while sitting on the front porch or unwind under the extra large, covered back patio area. Explore a life with farm animals or livestock as the property has plenty of room for additional pins and fencing. With ample space to explore and a peaceful atmosphere to enjoy, this property offers the perfect escape to a simpler, more fulfilling lifestyle without HOA restrictions.

Details

Property type

Single Family Residence

Est. home value

$283,526

Lot size

1.83 acres

Price per sq ft

$236

Year built

2021

Annual property taxes

$3,927

Price History

11/04/2024
Houston

Houston #54857113

Price change
$329,999
10/03/2024
Houston

Houston #54857113

Price change
$330,000
-2.94%
08/27/2024
Houston

Houston #54857113

Listed
$340,000

Schools & Community

Elementary school: 

TARKINGTON ELEMENTARY SCHOOL

Middle school: 

TARKINGTON MIDDLE SCHOOL

High school: 

TARKINGTON HIGH SCHOOL

School district: 

Tarkington

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

$17,550
Asking price
$329,999
Closing costs (~8% of asking)
-$26,400
Est. remaining loan balance
-$286,049
Cash to seller
$17,550

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

Seller’s Loan History

Lender

Valorem Lending Llc

Loan start date

January 2024

Original loan amount

$288,500

Est. remaining balance

$286,049

Interest rate

6.95%

Loan type

VA, 30 year

Seller

Richard Allen Ballentine Iii and Madeline R Magnuson

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
$315,000
3 bd
|
2 ba
|
1,326 sq ft
|
House

1342 County Road 5003, Cleveland, TX 77327

Houston
$370,000
3 bd
|
2 ba
|
1,603 sq ft
|
House

11 Road 3405, Cleveland, TX 77327

Price drop
Houston
$289,000
3 bd
|
2 ba
|
1,568 sq ft
|
House

1000 County Road 2309, Cleveland, TX 77327

Status: Active

Tomo last checked: 12/22/2024 at 11:30 AM

Listing updated: 11/04/2024 at 11:23 AM

Listed by: Ginger Wood, RE/MAX Fine Properties Phone #: (281) 265-5533

MLS: Houston #54857113

Houston logo

Recently listed in Cleveland

$125,000|2 bd|2.0 ba|Manufactured
$249,990|3 bd|2.0 ba|House
$215,000|3 bd|2.5 ba|House
$299,900|4 bd|2.0 ba|House
$287,350|3 bd|2.0 ba|House