tomo logo

$500,000

Beds
3
Baths
2.0
sq ft
1,653

505 Magnolia Trl, Grapevine, TX 76051

505 Magnolia Trl

Grapevine, TX 76051

  • 1 day on market
    • Open house Oct 05
Welcome to 505 Magnolia Trail, a charming 3-bedroom, 2-bath home with a dedicated office, located in the sought-after Silver Lake neighborhood. Situated just a short walk from Grapevine's vibrant Main Street, you’ll enjoy easy access to local dining, shopping, and festivals. This David Weekley home sits on a corner lot in a beautiful, tree-lined neighborhood. Inside, you'll find spacious living areas, and outside, a covered, shaded patio and front porch offer the perfect spots to relax. The jacuzzi conveys with the property, adding a touch of luxury to your outdoor space. Nature enthusiasts will love the proximity to Grapevine Lake, with its extensive trails for walking and dirt biking just minutes away. Plus, the home is ideally located only 10 minutes from DFW Airport, Grapevine Mills, and Southlake Town Square, giving you easy access to shopping, dining, and travel. Experience the best of the Grapevine lifestyle, blending lake life, Main Street events, and a welcoming community.

Details

Property type

Single Family Residence

Est. home value

$497,694

Lot size

8,145.72 sq ft

Price per sq ft

$303

Year built

2000

Annual property taxes

$8,084

Monthly HOA fee

$58.33

Price History

10/03/2024
NTREIS

NTREIS #20727655

Listed
$500,000
11/20/2020
NTREIS

NTREIS #14449403

Removed

Schools & Community

Elementary school: 

Silver Lake

Middle school: 

Grapevine

High school: 

Colleyville Heritage

School district: 

Grapevine-Colleyville 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

$181,901
Asking price
$500,000
Closing costs (~8% of asking)
-$40,000
Est. remaining loan balance
-$278,099
Cash to seller
$181,901

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

Seller’s Loan History

Lender

Michigan Mutual Inc

Loan start date

November 2020

Original loan amount

$303,960

Est. remaining balance

$278,099

Interest rate

2.88%

Loan type

New Conventional, 30 year

Seller

Charles R Hiatt Iii

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: 10/04/2024 at 9:15 PM

Listing updated: 10/04/2024 at 3:24 PM

Listed by: Helene Ashlock, Magnolia Realty Grapevine Phone #: (817) 719-0280

MLS: NTREIS #20727655

NTREIS logo

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