tomo logo

$400,000

Beds
4
Baths
3.0
sq ft
2,985

559 Reed Dr, Fate, TX 75087

559 Reed Dr

Fate, TX 75087

  • 225 days on market
    • Price drop $49,990↓
Home to be sold AS-IS. Located within walking distance to Rockwall ISD elementary school, this former DREES model home includes rare three car TANDEM garage, two bedrooms downstairs and three FULL baths! Large open kitchen and living concept, with lots of natural lighting. Kitchen includes island, corian counters, gas range, eat-in bar area and large breakfast room. Primary bedroom includes ensuite bath with dual sinks, garden tub and separate shower. Second bedroom downstairs has large bay window and closet. Large utility room includes sink, counter space perfect for folding, cabinets and organizing system for laundry. Upstairs is a large game room with built in desk area, two bedrooms with adjoining bath. Large backyard space with covered patio is perfect to come home and unwind!

Details

Property type

Single Family Residence

Est. home value

$453,835

Lot size

8,189.28 sq ft

Price per sq ft

$135

Year built

2005

Annual property taxes

$8,020

HOA fee

$360

Price History

11/17/2024
NTREIS

NTREIS #20613722

Price change
$400,000
-11.11%
06/10/2024
NTREIS

NTREIS #20613722

Price change
$449,990
-3.23%
05/14/2024
NTREIS

NTREIS #20613722

Listed
$465,000

Schools & Community

Elementary school: 

Billie Stevenson

Middle school: 

Herman E Utley

High school: 

Rockwall

Community features: 

Pool, Clubhouse, Curbs, Fishing, Fitness Center, Playground, Sidewalks

School district: 

Rockwall ISD

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Mid-American Mortgage Inc

Loan start date

September 2021

Original loan amount

$378,026

Est. remaining balance

$350,527

Interest rate

2.77%

Loan type

FHA, 30 year

Seller

Brookes Kelly and Jim Kelly Jr

Lender

Mid-American Mortgage Inc

Loan start date

September 2021

Original loan amount

$14,125

Est. remaining balance

Not provided

Interest rate

2.77%

Loan type

Stand Alone Second, 30 year

Seller

Brookes Kelly and Jim Kelly

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: 12/25/2024 at 8:00 AM

Listing updated: 11/21/2024 at 10:57 AM

Listed by: Stephanie Adams, Ebby Halliday, REALTORS Phone #: (972) 771-8163

MLS: NTREIS #20613722

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