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$440,000

Beds
4
Baths
2.5
sq ft
3,012

518 N 7th St, Temple, TX 76501

518 N 7th St

Temple, TX 76501

  • 163 days on market
    • Price drop $40,000↓
Have you ever wanted to own a piece of history? This lovely 1907 Queen Anne Victorian farm house is your rare opportunity. Registered with both the federal and state historical associations, this four bedroom, 2 1/2 bath home offers two living areas, a huge kitchen with breakfast area, a spacious dining room, a butler’s pantry and two floors of wraparound porches. A detached three car garage offers room for a workshop or a hobbyist to enjoy being creative. The home is set on .38 acres on a lot with mature pecan and oak trees. The house is known as the Ferguson Home, James was governor before his wife, Miriam. He built this house for her when they were living in Belton. Because she was a gardener, he was able to lure her to Temple with a mason jar of soil from the land. He founded the Ferguson bank and ran for office. She followed him as the first woman elected to the office of governor in this country. Two historical pictures come with the house, you will be able to see them on the walls. There is also other photos taken over the years and memorabilia that the new resident will have upon move in. The blue paint on the porch ceilings have proven to keep wasps away, as the house has been well maintained top to bottom. Professional photos to come soon as well as yard sign. Now priced to sell as Seller is downsizing and searching for a new residence. My last reduction was a typo. The house is in excellent shape and has been maintained very well.

Details

Property type

Single Family Residence

Est. home value

$516,813

Lot size

0.38 acres

Price per sq ft

$147

Year built

1907

Annual property taxes

$9,934

HOA

No

Price History

05/07/2024
CentralTexas

CentralTexas #538539

Price change
$440,000
-8.33%
05/01/2024
CentralTexas

CentralTexas #538539

Price change
$480,000
-3.9%
04/09/2024
CentralTexas

CentralTexas #538539

Listed
$499,500

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

High school district: 

Temple 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

$277,554
Asking price
$440,000
Closing costs (~8% of asking)
-$35,200
Est. remaining loan balance
-$127,246
Cash to seller
$277,554

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

Seller’s Loan History

Lender

Cornerstone Home Lending Inc

Loan start date

April 2020

Original loan amount

$140,000

Est. remaining balance

$127,246

Interest rate

3.29%

Loan type

New Conventional, 30 year

Seller

Belinda Isaac Lightheart

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: 09/19/2024 at 5:05 PM

Listing updated: 09/10/2024 at 8:36 PM

Listed by: Neil Diaz, Illuminate Texas Real Estate Phone #: (512) 699-0819

MLS: CentralTexas #538539

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