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$568,514Estimated home value

Beds
4
Baths
2.0
sq ft
2,198

5291 FM 1940, Franklin, TX 77856

5291 FM 1940

Franklin, TX 77856

  • Sold On 10/29/2024
    • Price drop $112,999↓
Price Improvement! Escape to the countryside with this charming farmhouse situated amongst 25±Acres in Franklin, TX! Don't miss out on the opportunity to own this move-in-ready ranchette. The property is ready for horses, livestock, and 4H projects. The 4 bed/2bath/2,198 SQFT home has a split floorplan with raised ceilings and large windows with natural lighting in the open concept living/dining combo. The kitchen boasts a large island with w/neutral color, tons of cabinets, and counter space—an inground pool. The 40X40 shop has an ample amount of space for ATVs, boats, RVs, and drive-thru roll-up overhead doors, in addition, has an office that is roughed in plumbing for a bathroom, two sinks, & a toilet. As a bonus, the seller has added 50X50 round pens has brought in sand, and has a Longhorn squeeze shoot. there are two food plots on the property for hunting and ATV trails. 20± Acre tract is Ag Exempt.

Details

Property type

Single Family Residence

Est. home value

$568,514

Lot size

25.00 acres

Price per sq ft

$404

Year built

2020

Annual property taxes

$5,404

Price History

10/18/2024
Houston

Houston #72172638

Removed
09/20/2024
Houston

Houston #72172638

Pending
$887,000
08/19/2024
Houston

Houston #72172638

Price change
$887,000
-11.3%

Schools & Community

Elementary school: 

REYNOLDS ELEMENTARY SCHOOL (FRANKLIN)

Middle school: 

FRANKLIN MIDDLE SCHOOL

High school: 

FRANKLIN HIGH SCHOOL (FRANKLIN)

School district: 

Franklin

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

$500,379
Asking price
$887,000
Closing costs (~8% of asking)
-$70,960
Est. remaining loan balance
-$315,661
Cash to seller
$500,379

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

Seller’s Loan History

Lender

First Financial Bank Na

Loan start date

March 2021

Original loan amount

$345,000

Est. remaining balance

$315,661

Interest rate

2.73%

Loan type

New Conventional, 30 year

Seller

Alan Carroll

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?

Status: Off Market

Tomo last checked: 01/15/2025 at 4:00 AM

Listing updated: 10/29/2024 at 6:42 PM

Listed by: Emily McKean, Coldwell Banker Apex, REALTORS LLC Phone #: (972) 755-8877

MLS: Houston #72172638

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