tomo logo

$1,250,000

Beds
6
Baths
6.0
sq ft
5,146

5040 Monroe Dr, Midlothian, TX 76065

5040 Monroe Dr

Midlothian, TX 76065

  • 115 days on market
    • Price drop $25,000↓
$5,000 cash at closing with accepted offer! OWNER FINANCE AVAILABLE! Welcome to this stunning 6-bedroom, 5.5-bath home on 1.3 acres. Enjoy a spacious, open layout with recent updates like hardwood floors in the primary suite, fresh paint, and new appliances. High-quality finishes include solid doors, custom cabinets, a big kitchen island, two stone fireplaces, and dual staircases. The backyard is perfect for entertaining, with an oversized pool, hot tub, tanning ledge, stocked pond with a fishing dock, and a cozy fire pit area. Extras include an emergency generator, storm shelter, newer roof, two tankless water heaters, and an invisible fence with collars for your pets. This home offers elegance, comfort, and plenty of space for gatherings. Schedule a showing today! VA ASSUMABLE LOAN WITH A 3.125% INTEREST RATE. Also open to creative financing for qualified buyers.

Details

Property type

Single Family Residence

Est. home value

$1,306,882

Lot size

1.324 acres

Price per sq ft

$243

Year built

2007

Annual property taxes

$21,333

Monthly HOA fee

$25

Price History

09/20/2024
NTREIS

NTREIS #20683892

Price change
$1,250,000
-1.96%
09/10/2024
NTREIS

NTREIS #20683892

Listed
$1,275,000
09/10/2024
NTREIS

NTREIS #20683892

Pending
$1,275,000

Schools & Community

Elementary school: 

Larue Miller

Middle school: 

Dieterich

High school: 

Midlothian

School district: 

Midlothian 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

$198,599
Asking price
$1,250,000
Closing costs (~8% of asking)
-$100,000
Est. remaining loan balance
-$951,401
Cash to seller
$198,599

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

August 2021

Original loan amount

$1,022,998

Est. remaining balance

$951,401

Interest rate

3.02%

Loan type

New Conventional, 30 year

Seller

Michael W Thomas and Exbayde Martens

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?

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Status: Active

Tomo last checked: 11/23/2024 at 3:20 AM

Listing updated: 11/08/2024 at 1:32 PM

Listed by: Brittney Kosev, BK Real Estate LLC Phone #: (972) 514-6501

MLS: NTREIS #20683892

NTREIS logo

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