tomo logo

$350,000

Beds
5
Baths
3.0
sq ft
3,329

616 Magnolia Trl, Desoto, TX 75115

616 Magnolia Trl

DeSoto, TX 75115

  • 14 days on market
Welcome home. This 5 bedroom home has everything. Entertaining has never been easy. The oversized island can wonderfully display your gourmet meals. Thinking of a game of billards. No need to go out. Enjoy a game or favorite movie from home. Working from home no problem. The office is perfect for those long zoom meetings. Retire after a long day to the owners suite tucked away from everyone else.

Details

Property type

Single Family Residence

Est. home value

$400,412

Lot size

6,621.12 sq ft

Price per sq ft

$106

Year built

2002

Annual property taxes

$8,907

Monthly HOA fee

$66.92

Price History

02/24/2025
NTREIS

NTREIS #20852875

Listed
$350,000
07/08/2022
NTREIS

NTREIS #20074772

Removed

Schools & Community

Neighborhood: 

Candel Meadow

Elementary school: 

Cockrell Hill

Middle school: 

Curtistene S Mccowan

High school: 

Desoto

Community features: 

Sidewalks

School district: 

Desoto 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

-$55,317
Asking price
$350,000
Closing costs (~8% of asking)
-$28,000
Est. remaining loan balance
-$377,317
Cash to seller
-$55,317

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

Seller’s Loan History

Lender

Cardinal Financial Company Lp

Loan start date

July 2022

Original loan amount

$392,755

Est. remaining balance

$377,317

Interest rate

5.25%

Loan type

FHA, 30 year

Seller

Ednea Howard

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: 03/11/2025 at 2:35 PM

Listing updated: 02/24/2025 at 5:17 PM

Listed by: Lydia Brisco, RE/MAX Innovations Phone #: (469) 248-3700

MLS: NTREIS #20852875

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