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$499,995

Beds
3
Baths
1.0
sq ft
1,654

5319 Reeds Lake Rd, Temple, TX 76501

5319 Reeds Lake Rd

Temple, TX 76501

  • 71 days on market
    • Price drop $50,000↓
BRING THE HORSE/LIVESTOCK!! This 3 bedroom, 1 bath country home is just full of character, and +/-10 acres with amazing mature trees, rolling terrain, just 2 miles from Academy school. Includes a barn, tack room, loft and feed room all with electricity, 2 10x10 stalls with runs and 3 10x30 runs with lean to , 50X80 sand arena, just 2 miles from Academy schools with gated entry on Reeds Lake Road. The home has been restored with new electrical and plumbing systems, roof 1.5 YRS, new updated flooring, paint and so much more. Heated/cooled area of the home is approximately +/-1538 sq ft. Basement is an additional +/- 643 sq ft, plus laundry room. One of the few homes in this area that has a true basement. Property and homes do not come along very often like this one.

Details

Property type

Single Family Residence

Lot size

9.99 acres

Price per sq ft

$303

Year built

1990

Annual property taxes

$3,793

HOA

No

Price History

10/12/2024
CentralTexas

CentralTexas #555563

Price change
$499,995
-9.09%
09/26/2024
CentralTexas

CentralTexas #555563

Price change
$549,995
-5.97%
09/06/2024
CentralTexas

CentralTexas #555563

Listed
$584,900

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

None

High school district: 

Academy 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

$26,214
Asking price
$499,995
Closing costs (~8% of asking)
-$40,000
Est. remaining loan balance
-$433,781
Cash to seller
$26,214

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

Seller’s Loan History

Lender

Fairway Independent Mortgage Corp

Loan start date

April 2023

Original loan amount

$441,750

Est. remaining balance

$433,781

Interest rate

6.5%

Loan type

New Conventional, 30 year

Seller

Parker Louis Knapp

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: 11/13/2024 at 10:00 PM

Listing updated: 10/12/2024 at 2:56 PM

Listed by: Cherri Hill, Century 21 Randall Morris & As Phone #: (254) 774-1811

MLS: CentralTexas #555563

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