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$875,000

Beds
5
Baths
5.0
sq ft
4,760

5048 Mile 8 Rd, Edinburg, TX 78541

5048 Mile 8 Rd

Edinburg, TX 78541

  • 458 days on market
    • Price drop $20,000↓
This amazing acreage with 2 homes is a MUST see! The gorgeous main house has a pool view the moment you walk through the door. Enjoy and cool off on this amazing patio. Lots of space for entertaining and activities plus so much privacy! An additional solid concrete slab complete with plumbing is ready to build an outdoor kitchen to the North. A large palapa on slab set up for relaxing is to the South. A 2 bedroom, 2 bath guest house is on the property and the main house boasts 3 bedrooms and 3 baths. All bedrooms are downstairs. Bonus room upstairs with balcony access and a East view of the land and guest house. Spacious Master and bath with access to the pool patio. Spacious living and dining with split bedroom. One bedroom is off the kitchen with an en suite bathroom. An office is just off the foyer or could be an additional bedroom or game room. The kitchen is open to the living and dining with great views of the back yard. Such a great place to live with lots of privacy!

Details

Property type

Single Family Residence

Est. home value

$388,988

Lot size

2.14 acres

Price per sq ft

$184

Year built

2014

Annual property taxes

$9,760

Price History

08/09/2023
McAllenTX

McAllenTX #411182

Listed
$875,000

Schools & Community

Elementary school: 

Magee

Middle school: 

Longoria

High school: 

Vela H.S.

Community features: 

Gated

High school district: 

Edinburg 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

$645,705
Asking price
$875,000
Closing costs (~8% of asking)
-$70,000
Est. remaining loan balance
-$159,295
Cash to seller
$645,705

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

Seller’s Loan History

Lender

Quicken Loans Llc

Loan start date

December 2020

Original loan amount

$200,865

Est. remaining balance

$159,295

Interest rate

2.32%

Loan type

New Conventional, 16 year

Seller

Ricardo Perez and Felisitas G Perez

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: 11/09/2024 at 10:50 AM

Listing updated: 07/24/2024 at 10:00 AM

Listed by: Dendea L. Balli, Keller Williams Realty Rgv Phone #: (956) 928-1155

MLS: McAllenTX #411182

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