tomo logo

$1,199,999

Beds
5
Baths
6.0
sq ft
3,851

5574 Statesman Ln, Frisco, TX 75036

5574 Statesman Ln

Frisco, TX 75036

  • 77 days on market
    • Price drop $50,000↓
PRICE REDUCTION!!!! This magnificent MODERN property is located in the prestigious Phillips Creek Ranch in the heart of Frisco! Beautiful sparkling pool, turfed backyard, outdoor fireplace, two covered patio's and custom designed landscaping help create an outdoor oasis. The interior welcomes you with clean lines and sleek design throughout the home. Contemporary finishes, custom cabinetry, recessed lighting, upgraded appliances, beautiful wood flooring, and custom light fixtures throughout. This property is a clean palate ready for you to curate your modern masterpiece!

Details

Property type

Single Family Residence

Est. home value

$972,582

Lot size

8,319.96 sq ft

Price per sq ft

$312

Year built

2015

Annual property taxes

$14,958

Monthly HOA fee

$203

Price History

08/29/2024
NTREIS

NTREIS #20664955

Price change
$1,199,999
-4%
08/16/2024
NTREIS

NTREIS #20664955

Price change
$1,249,999
-3.84%
07/03/2024
NTREIS

NTREIS #20664955

Listed
$1,299,950

Schools & Community

Elementary school: 

Hosp

Middle school: 

Pearson

High school: 

Frisco

School district: 

Frisco 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

$599,113
Asking price
$1,199,999
Closing costs (~8% of asking)
-$96,000
Est. remaining loan balance
-$504,886
Cash to seller
$599,113

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

Seller’s Loan History

Lender

Pentagon Fcu

Loan start date

March 2021

Original loan amount

$548,250

Est. remaining balance

$504,886

Interest rate

2.73%

Loan type

New Conventional, 30 year

Seller

Nithyalakshmi Nareshkumar and Nandakumar Santhanakrishnamurthy

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: 09/19/2024 at 4:20 AM

Listing updated: 09/14/2024 at 3:10 PM

Listed by: Christopher MacArthur, JPAR - Plano Phone #: (972) 836-9295

MLS: NTREIS #20664955

NTREIS logo

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