tomo logo

$1,475,000

Beds
4
Baths
3.0
sq ft
2,700

5045 FM 1148 Road, Possum Kingdom Lake, TX 76450

5045 FM 1148 Road

Possum Kingdom Lake, TX 76450

  • 123 days on market
Experience lakeside living at its finest! This comfortable two-story home on Possum Kingdom Lake’s west side offers a private, serene retreat in a small, protected cove. With 4 bedrooms and 3 bathrooms, the second floor is devoted entirely to a spacious master suite featuring dual walk-in closets, an ensuite bathroom, an office, and tranquil views. The eat-in kitchen and living room flows into a large screened-in porch perfect for enjoying the outdoors. A first floor bedroom with ensuite bath offers versatile space for a potential second master, bunk room, or game room. The property also includes a substantial metal building ideal for a workshop and storing lake toys, and an exceptional newer dock for all your water adventures. Conveniently located near Graham for shopping and dining, this home is a true gem on Possum Kingdom Lake.

Details

Property type

Single Family Residence

Est. home value

$865,125

Lot size

0.554 acres

Price per sq ft

$547

Year built

2011

Annual property taxes

$11,900

Price History

08/23/2024
NTREIS

NTREIS #20710948

Listed
$1,475,000

Schools & Community

Elementary school: 

Graford

Middle school: 

Graford

High school: 

Graford

School district: 

Graford 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

$1,066,646
Asking price
$1,475,000
Closing costs (~8% of asking)
-$118,000
Est. remaining loan balance
-$290,354
Cash to seller
$1,066,646

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

Seller’s Loan History

Lender

Amarillo National Bank

Loan start date

September 2020

Original loan amount

$348,655

Est. remaining balance

$290,354

Interest rate

2.88%

Loan type

New Conventional, 20 year

Seller

Lacy Elise Miller and James Stephen Miller Ii

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: 12/25/2024 at 12:55 PM

Listing updated: 08/24/2024 at 10:20 AM

Listed by: Linda Fewell, Berkshire HathawayHS Pondera Phone #: (940) 779-2600

MLS: NTREIS #20710948

NTREIS logo

Recently listed in Possum Kingdom Lake

$1,200,000|3 bd|3.0 ba|House
$500,000|3 bd|1.0 ba|House
$570,000|3 bd|3.0 ba|House
$1,900,000|3 bd|2.0 ba|House
$1,100,000|3 bd|2.0 ba|House
$4,950,000|6 bd|5.0 ba|House
$12,500,000|12 bd|14.0 ba|House
$884,000|3 bd|4.0 ba|House
$1,024,000|4 bd|4.0 ba|House

Explore top cities in Texas