tomo logo

$205,000

Beds
2
Baths
1.0
sq ft
1,148

505 Wise St, Newark, TX 76071

505 Wise St

Newark, TX 76071

  • 91 days on market
    • Price drop $8,750↓
**HUGE PRICE REDUCTION! These sellers are very motivated! **Charming 2-Bedroom Home Near Eagle Mountain Lake** Nestled in the heart of a friendly small town, this lovely 2-bedroom, 1-bath home offers a perfect blend of comfort and convenience. Situated on a spacious 0.28-acre lot, you'll have plenty of room to enjoy outdoor activities or simply relax in your own private oasis. Located just a short distance from Eagle Mountain Lake, you'll have easy access to a free boat ramp, making it a breeze to enjoy days on the water. The small-town environment provides a welcoming community atmosphere, ideal for those looking to escape the hustle and bustle of city life. Come and experience the best of both worlds – serene living with easy lake access. This charming home is ready to welcome you! Regards

Details

Property type

Single Family Residence

Est. home value

$185,593

Lot size

0.282 acres

Price per sq ft

$179

Year built

1982

Annual property taxes

$2,332

Price History

10/06/2024
NTREIS

NTREIS #20694077

Price change
$205,000
-4.09%
08/25/2024
NTREIS

NTREIS #20694077

Price change
$213,750
-5%
08/05/2024
NTREIS

NTREIS #20694077

Listed
$225,000

Schools & Community

Elementary school: 

Sevenhills

Middle school: 

Chisholmtr

High school: 

Eaton

School district: 

Northwest 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

$23,558
Asking price
$205,000
Closing costs (~8% of asking)
-$16,400
Est. remaining loan balance
-$165,042
Cash to seller
$23,558

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

Seller’s Loan History

Lender

Cardinal Financial Company Lp

Loan start date

May 2023

Original loan amount

$167,850

Est. remaining balance

$165,042

Interest rate

6.28%

Loan type

New Conventional, 30 year

Seller

Michael David Mallett and Kristen Brien Mallett

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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231 County Road 4851, Newark, TX 76071

Status: Active

Tomo last checked: 11/05/2024 at 6:40 AM

Listing updated: 10/06/2024 at 9:44 AM

Listed by: Dana Oatman, Regal, REALTORS Phone #: (972) 771-6970

MLS: NTREIS #20694077

NTREIS logo

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