tomo logo

$915,000

Beds
4
Baths
5.0
sq ft
4,244

5430 FM 1387, Midlothian, TX 76065

5430 FM 1387

Midlothian, TX 76065

  • 174 days on market
    • Price drop $15,000↓
A rare opportunity to own this unique, private custom-built estate on 3-plus heavily treed acres surrounded by nature and situated off the main road. Beautiful traditional exterior leads to a grand expansive light-filled open floorplan with high ceilings and gorgeous tile floors in the living areas. Large formals, split bedrooms, a study, exercise room, media room, and more! Enjoy mornings in the master suite's sitting area or enjoy the serene backyard on the oversized covered patio. The gourmet kitchen features granite, built-ins, a vegetable sink, a built-in refrigerator, a walk-in pantry, an island, and a breakfast bar. The second story features a media room, half bath, and exercise room currently being used as a bedroom. Your teen or guest can enjoy privacy with a separate bedroom getaway with a balcony and full bath. The 3-car garage is oversized plus an RV-sized functional shop or barn with a loft, water, and 50 amp electricity; Ideal setup for business equipment storage.

Details

Property type

Single Family Residence

Est. home value

$920,983

Lot size

3.107 acres

Price per sq ft

$216

Year built

1999

Annual property taxes

$15,697

Price History

02/26/2024
NTREIS

NTREIS #20507389

Price change
$915,000
-1.61%
01/12/2024
NTREIS

NTREIS #20507389

Listed
$930,000
01/03/2024
NTREIS

NTREIS #20418841

Removed

Schools & Community

Elementary school: 

Longbranch

Middle school: 

Walnut Grove

High school: 

Midlothian

School district: 

Midlothian 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

$440,309
Asking price
$915,000
Closing costs (~8% of asking)
-$73,200
Est. remaining loan balance
-$401,491
Cash to seller
$440,309

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

Seller’s Loan History

Lender

Everett Financial Inc

Loan start date

June 2018

Original loan amount

$450,000

Est. remaining balance

$401,491

Interest rate

4.55%

Loan type

New Conventional, 30 year

Seller

Wendell Morris Logan and Eleanor M Logan

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: 07/04/2024 at 11:20 PM

Listing updated: 02/26/2024 at 6:03 PM

Listed by: Marilyn Wise, Ebby Halliday, REALTORS Phone #: (972) 296-0110

MLS: NTREIS #20507389

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