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$359,900

Beds
4
Baths
2.0
sq ft
2,098

507 Teal Ln, Melissa, TX 75454

507 Teal Ln

Melissa, TX 75454

  • 73 days on market
    • Price drop $10,000↓
Fantastic 4 Bedroom 2 Bathroom located in the Hunter's Ridge neighborhood of Melissa just off of I75. This home boasts engineered hardwood flooring, new carpet, fresh paint, and stainless steel appliances. The engineered hardwood flooring in kitchen, living, hallway, and dining areas has recently been sanded down and refinished. The kitchen opens to the breakfast and living room. There is a formal living area and dining room in the front of the home. In addition to a concrete patio, there is also a separate fenced off area that could be used as a dog run. The back fence has just been replaced.

Details

Property type

Single Family Residence

Est. home value

$388,550

Lot size

6,534 sq ft

Price per sq ft

$172

Year built

2007

Annual property taxes

$7,430

Monthly HOA fee

$32.08

Price History

10/14/2024
NTREIS

NTREIS #20722166

Listed
$359,900
10/10/2024
NTREIS

NTREIS #20722166

Pending
$359,900
10/07/2024
NTREIS

NTREIS #20722166

Price change
$359,900
-2.7%

Schools & Community

Elementary school: 

Melissa

Middle school: 

Melissa

High school: 

Melissa

School district: 

Melissa 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

$184,564
Asking price
$359,900
Closing costs (~8% of asking)
-$28,792
Est. remaining loan balance
-$146,544
Cash to seller
$184,564

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

Seller’s Loan History

Lender

Provident Funding Associates Lp

Loan start date

March 2018

Original loan amount

$168,000

Est. remaining balance

$146,544

Interest rate

4.22%

Loan type

New Conventional, 30 year

Seller

Rajesh R Kathiru

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 5:45 PM

Listing updated: 11/09/2024 at 12:52 PM

Listed by: Kendra Delorenzo, OnDemand Realty Phone #: (214) 766-5833

MLS: NTREIS #20722166

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