tomo logo

$465,000

Beds
4
Baths
3.0
sq ft
2,886

620 Terrace View Dr, Mckinney, TX 75071

620 Terrace View Dr

McKinney, TX 75071

  • 57 days on market
    • Price drop $10,000↓
BACK ON MARKET!! Seller terminated on buyer for lack of performance. 2.25% Assumable Loan offered. Must be a vetran to qualify. This stunning north-facing home at 620 Terrace View, McKinney, TX, offers 2,886 square feet of beautifully maintained space with 4 bedrooms and 3.5 bathrooms. Significant updates include a new roof installed in May 2024, a pool pump upgraded in August 2024, and an enclosed office added in 2022. The outdoor space features a cozy gazebo perfect for relaxing or entertaining, and the home also benefits from a new water heater installed around 2021. Enjoy the spacious backyard complete with a pool for summer fun.

Details

Property type

Single Family Residence

Est. home value

$488,212

Lot size

8,276.4 sq ft

Price per sq ft

$162

Year built

2004

Annual property taxes

$7,852

Monthly HOA fee

$20

Price History

11/05/2024
NTREIS

NTREIS #20731871

Price change
$465,000
-2.11%
10/29/2024
NTREIS

NTREIS #20731871

Pending
$475,000
09/26/2024
NTREIS

NTREIS #20731871

Listed
$475,000

Schools & Community

Elementary school: 

Naomi Press

Middle school: 

Johnson

High school: 

Mckinney

School district: 

McKinney 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

$34,456
Asking price
$465,000
Closing costs (~8% of asking)
-$37,200
Est. remaining loan balance
-$393,344
Cash to seller
$34,456

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

Seller’s Loan History

Lender

V I P Mortgage Inc

Loan start date

December 2021

Original loan amount

$419,430

Est. remaining balance

$393,344

Interest rate

3.05%

Loan type

VA, 30 year

Seller

Thornell Dashon Lewis and Gregory Allen Turner

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: 11/23/2024 at 9:15 AM

Listing updated: 11/13/2024 at 8:07 AM

Listed by: Kyle Cheek, eXp Realty LLC Phone #: (888) 519-7431

MLS: NTREIS #20731871

NTREIS logo

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