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$362,535Estimated home value

Beds
4
Baths
4.0
sq ft
3,174

516 N Main St, Farmersville, TX 75442

516 N Main St

Farmersville, TX 75442

  • Sold On 8/21/2020
Unique large home in the historic area of Farmersville north of downtown. Huge family room accented with wood flooring, beamed ceiling and WBFP. 2 large downstairs bedrooms with private baths, 2 split upstairs bedrooms plus 35x6 attic storage room. Interior baths feature original tile in good condition. Formals off entry. Large kitchen and separate utility with sink. Private office off master accesses back yard. Attached garage includes half bath & storage room. Detached garage & carport provide more storage. Large back yard, covered patio and storm cellar.

Details

Property type

Single Family Residence

Est. home value

$362,535

Lot size

0.26 acres

Price per sq ft

$79

Year built

1961

Annual property taxes

$2,806

Price History

02/01/2025
NTREIS

NTREIS #20710402

Removed
11/12/2024
NTREIS

NTREIS #20710402

Price change
$549,990
-1.79%
08/23/2024
NTREIS

NTREIS #20710402

Listed
$559,990

Schools & Community

Elementary school: 

Tatum

Middle school: 

Farmersvil

High school: 

Farmersvil

School district: 

Farmersville 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

$6,311
Asking price
$250,000
Closing costs (~8% of asking)
-$20,000
Est. remaining loan balance
-$223,689
Cash to seller
$6,311

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

Seller’s Loan History

Lender

Everett Financial Inc

Loan start date

August 2020

Original loan amount

$247,474

Est. remaining balance

$223,689

Interest rate

3.07%

Loan type

New Conventional, 30 year

Seller

Tyler Mahon and Michelle Mahon

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: Off Market

Tomo last checked: 02/03/2025 at 6:05 AM

Listing updated: 10/12/2023 at 2:15 PM

Listed by: Kathy Webster, Collin County Land Company Phone #: (972) 346-3333

MLS: NTREIS #14322135

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