tomo logo

$995,000

Beds
5
Baths
3.0
sq ft
2,956

5085 FM 1857 S, Rusk, TX 75785

5085 FM 1857 S

Rusk, TX 75785

  • 350 days on market
    • Price drop $30,000↓
From the moment you enter the security gate and make your way up the winding drive, you will feel at home. Sitting at the top of the hill with is a stunning 5 bedroom, 3 bath home that has everything you want in a family home! Primary suite and one guest suite are located downstairs with the top-of-the-line kitchen, living area with SOARING stone fireplace, dining area with a view and a large utility room. Upstairs are 3 bedrooms, 1 bath and a tv-office area. The kitchen has a gas cooktop, double ovens, wine fridge, ice maker and HUGE windows overlooking the back pasture. Outside is a large equipment shed, a 9 stall horse barn and room for a large tack room. There is also a lighted roping arena that has the pipe in place for a permanent structure. A beautiful pond currently used for horses and livestock can be seen from the family room. Garage has cabinets and a sink and is freshly painted. The home and land are perfect for those who love horses but also as a private family estate.

Details

Property type

Single Family Residence

Est. home value

$671,441

Lot size

42.0 acres

Price per sq ft

$337

Year built

2011

Price History

04/15/2024
NTREIS

NTREIS #20481231

Price change
$995,000
-2.93%
03/14/2024
NTREIS

NTREIS #20481231

Price change
$1,025,000
-10.87%
11/21/2023
NTREIS

NTREIS #20481231

Listed
$1,150,000

Schools & Community

Elementary school: 

Rusk ISD Schools

Middle school: 

Unknown

High school: 

Rusk ISD Schools

School district: 

Rusk 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

$608,952
Asking price
$995,000
Closing costs (~8% of asking)
-$79,600
Est. remaining loan balance
-$306,448
Cash to seller
$608,952

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

Seller’s Loan History

Lender

Stearns Lending Llc

Loan start date

January 2019

Original loan amount

$340,000

Est. remaining balance

$306,448

Interest rate

4.81%

Loan type

New Conventional, 30 year

Seller

Vaughn A Clark and Haylei N Clark

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: 11/05/2024 at 7:55 PM

Listing updated: 10/10/2024 at 5:28 PM

Listed by: Sherri Fleet-Davis, eXp Realty LLC Phone #: (888) 519-7431

MLS: NTREIS #20481231

NTREIS logo

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