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$539,500

Beds
3
Baths
2.0
sq ft
2,341

5731 Farm Road 195, Paris, TX 75462

5731 Farm Road 195

Paris, TX 75462

  • 78 days on market
    • Price drop $10,000↓
Ever dream of owning your own island? Now is your chance! 8.81 acres on FM 195 with private lake and pier. This beautifully updated home has 3 large bedrooms (split arrangement), 2 large living areas, modern kitchen and fantastic views! The atrium doors just off primary bedroom create a sense of privacy and comes complete with hot tub! The abundant windows in the den-game room will allow you to see the island with a bridge and the beautiful sunsets! This gorgeous property adjoins Paris Golf & Country Club to the east and has lots of road frontage with private entrance and gate! Let's look today!!

Details

Property type

Single Family Residence

Est. home value

$511,336

Lot size

8.81 acres

Price per sq ft

$231

Year built

1975

Annual property taxes

$4,214

Price History

09/11/2024
NTREIS

NTREIS #20698759

Price change
$539,500
-1.82%
08/19/2024
NTREIS

NTREIS #20698759

Listed
$549,500
12/17/2021
NTREIS

NTREIS #14701660

Removed

Schools & Community

Elementary school: 

Higgins

Middle school: 

Stone

High school: 

Northlamar

School district: 

North Lamar 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

$153,994
Asking price
$539,500
Closing costs (~8% of asking)
-$43,160
Est. remaining loan balance
-$342,346
Cash to seller
$153,994

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

Seller’s Loan History

Lender

Truist Bank

Loan start date

December 2021

Original loan amount

$364,000

Est. remaining balance

$342,346

Interest rate

3.14%

Loan type

New Conventional, 30 year

Seller

Charles Michael Taylor Ii and Lauren Michelle Taylor

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: 11/05/2024 at 1:50 PM

Listing updated: 09/11/2024 at 10:09 AM

Listed by: Sherrie Holbert, Century 21 Executive Realty Phone #: (903) 785-6427

MLS: NTREIS #20698759

NTREIS logo

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