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$245,000

Beds
3
Baths
2.0
sq ft
1,271

625 S Binkley St, Sherman, TX 75092

625 S Binkley St

Sherman, TX 75092

  • 52 days on market
    • Price drop $10,000↓
Calling All Savvy Investors. Investment property, Incredible location, currently occupied with original Tenant – lease good through July 2025. Built in 2021 by the current Owner with impeccable quality. Specifications in TransDesk. Three Bedroom, 2 Bath, Luxury Plank Vinyl and ceramic tile, granite counters in kitchen and baths, vaulted ceiling in LA and raised ceiling in primary. FULL Tile surrounds in bath and shower, designer colors Oversized, flat grassy lot – 60 x 175fully fenced backyard in a very low traffic location. This home is on the West side of US 75 on a street with many other homes built the same year. Home is 10 minutes or less from Texoma Regional Medical and many major employers,schools, major retail and entertainment. Seller owned company that built the home, and is also the listing agent.

Details

Property type

Single Family Residence

Est. home value

$251,879

Lot size

9,539.64 sq ft

Price per sq ft

$193

Year built

2021

Annual property taxes

$5,600

Price History

11/05/2024
NTREIS

NTREIS #20744363

Price change
$245,000
-3.92%
10/02/2024
NTREIS

NTREIS #20744363

Listed
$255,000

Schools & Community

Elementary school: 

Henry W Sory

Middle school: 

Piner

High school: 

Sherman

School district: 

Sherman 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

$99,052
Asking price
$245,000
Closing costs (~8% of asking)
-$19,600
Est. remaining loan balance
-$126,348
Cash to seller
$99,052

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

Seller’s Loan History

Lender

Loan Simple Inc

Loan start date

August 2021

Original loan amount

$136,000

Est. remaining balance

$126,348

Interest rate

2.93%

Loan type

New Conventional, 30 year

Seller

John Philip Martin and Debra Denise Martin

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 10:30 PM

Listing updated: 11/05/2024 at 1:42 PM

Listed by: Philip Martin, EXP REALTY Phone #: (888) 519-7431

MLS: NTREIS #20744363

NTREIS logo

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