tomo logo

$248,900

Beds
3
Baths
2.5
sq ft
1,410

5285 E Park Ln, Montgomery, TX 77316

5285 E Park Ln

Montgomery, TX 77316

  • 126 days on market
    • Price drop $6,000↓
Welcome home! This wonderful two story, three bedroom, two and a half bath home is located in Montgomery. 5285 E Park Lane is nicely situated in the sought after and peaceful Tri Lake Estate subdivision. The home offers granite countertops in the kitchen and bathrooms, spacious bedrooms, upgraded faucets and sinks, fresh paint (2024), roof is less than 10 years old, and cedar fence 4 years old. Tech package includes the Ring Doorbell, and Ring Floodlight Camera, Nest Thermostat, and Cisco Wi-Fi Router. Montgomery ISD schools! Enjoy Tri Lake Estate amenities which include a clubhouse, boat ramp, and stocked fish ponds. Low tax rate! Minutes away from shopping and Lake Conroe.

Details

Property type

Single Family Residence

Est. home value

$262,405

Lot size

8,751 sq ft

Price per sq ft

$177

Year built

2004

Annual property taxes

$3,814

Monthly HOA fee

$8.33

Price History

07/16/2024
Houston

Houston #36713845

Price change
$248,900
-2.35%
06/18/2024
Houston

Houston #36713845

Price change
$254,900
-3.81%
05/15/2024
Houston

Houston #36713845

Listed
$265,000

Schools & Community

Elementary school: 

MONTGOMERY ELEMENTARY SCHOOL (MONTGOMERY)

Middle school: 

MONTGOMERY JUNIOR HIGH SCHOOL

High school: 

MONTGOMERY HIGH SCHOOL

School district: 

Montgomery

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

$42,320
Asking price
$248,900
Closing costs (~8% of asking)
-$19,912
Est. remaining loan balance
-$186,668
Cash to seller
$42,320

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

Seller’s Loan History

Lender

Flagstar Bank Fsb

Loan start date

March 2021

Original loan amount

$202,268

Est. remaining balance

$186,668

Interest rate

2.73%

Loan type

FHA, 30 year

Seller

Karie Shreve

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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18433 Sunrise Maple Dr, Montgomery, TX 77316

Status: Active

Tomo last checked: 09/18/2024 at 7:10 PM

Listing updated: 09/14/2024 at 11:42 AM

Listed by: Dolores Yarrito, Top Guns Realty on Lake Conroe Phone #: (936) 582-1700

MLS: Houston #36713845

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