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$332,545Estimated home value

Beds
3
Baths
2.0
sq ft
1,996

5422 Peninsula Way, Garland, TX 75043

5422 Peninsula Way

Garland, TX 75043

  • Sold On 8/25/2022
    • Price drop $5,000↓
Seller offering $3k credit for closing cost or rate buy down. The perfect Garland Gem steps to Lake Ray Hubbard from the backyard. Sits on an oversized cul de sac lot. Home features 3 good sized bedrooms, 2 bathroom, 2 Car Garage jay swing garage. Right at 1995 square feet. Ideal location near I-30 & George Bush Turnpike. Easy commute to Downtown Dallas. Fire Wheel Mall, Rockwall Shopping & Dinning. Tons of potential with strategic updates and minor repairs. Roof replaced 2017. Priced below market. No blind offers will be accepted. Minor Foundation repairs needed. Priced below market. Vacant easy to show. Would make a great rental property.

Details

Property type

Single Family Residence

Est. home value

$332,545

Lot size

0.244 acres

Price per sq ft

$159

Year built

1983

Price History

01/22/2025
NTREIS

NTREIS #20764488

Removed
11/01/2024
NTREIS

NTREIS #20764488

Listed
$359,900
08/25/2022
NTREIS

NTREIS #20086164

Removed

Schools & Community

Elementary school: 

Choice Of School

Middle school: 

Choice Of School

High school: 

Choice Of School

School district: 

Garland 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

$18,932
Asking price
$316,900
Closing costs (~8% of asking)
-$25,352
Est. remaining loan balance
-$272,616
Cash to seller
$18,932

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

Seller’s Loan History

Lender

Academy Mortgage Corp

Loan start date

August 2022

Original loan amount

$282,150

Est. remaining balance

$272,616

Interest rate

5.3%

Loan type

New Conventional, 30 year

Seller

Marybel Ramirez Cortinas and Roberto Cortinas

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: Off Market

Tomo last checked: 01/22/2025 at 1:05 PM

Listing updated: 12/13/2023 at 1:17 PM

Listed by: Corey Martin, Ultima Real Estate Phone #: (972) 980-9393

MLS: NTREIS #20086164

NTREIS logo

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