tomo logo

$2,250,000

Beds
5
Baths
7.0
sq ft
5,672

540 Lodge Hill Dr, Rockwall, TX 75032

540 Lodge Hill Dr

Heath, TX 75032

  • 94 days on market
    • Price drop $74,000↓
    • Open house Oct 09
Seller will contribute to a rate buy down with acceptable offer. A one-of-one true contemporary masterpiece in the highly exclusive Ridge Lakes enclave. Custom built on one level, emphasis was put on allowing light to pierce through the home, taking advantage of every breathtaking sunrise and sunset this area is known for. With expansive windows, soaring 22’ ceilings, and oversized rooms, it was designed for convenience + comfort without sacrificing sophistication plus style. Retreat to your primary oasis with a 5-star ensuite bathroom with his-her privacy rooms, and custom closet. From the museum-quality finishes, white oak flooring, handpicked stone, and brilliant lighting, the materials used are unrivaled. Featuring a home office, fitness, game, meditation, theater rooms, the home was designed to wrap around the resort-style pool for a refreshed view from every room in the home. Outside is an entertainer's dream equipped with a blazed grill plus custom-made wood-fired brick oven.

Details

Property type

Single Family Residence

Est. home value

$1,753,830

Lot size

1.056 acres

Price per sq ft

$397

Year built

2022

Monthly HOA fee

$100

Price History

09/03/2024
NTREIS

NTREIS #20656716

Price change
$2,250,000
-3.18%
08/28/2024
NTREIS

NTREIS #20656716

Price change
$2,324,000
-0.04%
06/26/2024
NTREIS

NTREIS #20656716

Listed
$2,325,000

Schools & Community

Elementary school: 

Dorothy Smith Pullen

Middle school: 

Cain

High school: 

Heath

School district: 

Rockwall 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

$1,071,159
Asking price
$2,250,000
Closing costs (~8% of asking)
-$180,000
Est. remaining loan balance
-$998,841
Cash to seller
$1,071,159

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

Seller’s Loan History

Lender

Randolph Brooks Fcu

Loan start date

April 2021

Original loan amount

$1,078,388

Est. remaining balance

$998,841

Interest rate

3.02%

Loan type

New Conventional, 30 year

Seller

Vincent David Venincasa and Kiran Sethi Venincasa

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: 09/28/2024 at 8:05 PM

Listing updated: 09/27/2024 at 1:24 PM

Listed by: Michael Reynolds, Briggs Freeman Sotheby's Int'l Phone #: (214) 350-0400

MLS: NTREIS #20656716

NTREIS logo

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