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$550,000

Beds
3
Baths
2.0
sq ft
2,744

6554 State Highway 198, Mabank, TX 75156

6554 State Highway 198

Mabank, TX 75156

  • <1 day on market
Situated on over six acres on the outskirts of Mabank, Texas, this stunning brick home offers over 2,700 square feet of living space with 3 bedrooms and 2 bathrooms. Designed for both comfort and functionality, the open floor plan creates a spacious and inviting atmosphere, perfect for entertaining and everyday living. The large living area flows seamlessly into the kitchen, where you'll find an island, abundant counter space, and a double oven, making meal preparation a breeze. Whether you're hosting gatherings or enjoying a quiet night in, this well-appointed kitchen is sure to be the heart of the home. The Master Bedroom provides plenty of space to relax, while the additional bedrooms are generously sized, offering comfort for family and guests. Outside, the possibilities are endless with over six acres of land! The expansive property provides privacy and tranquility, while still offering the convenience of easy access to local amenities. Whether you’re looking for space to grow, raise a family, or simply enjoy the beauty of the countryside, this property delivers. Located on State Highway 198, this home is just minutes from the heart of Mabank, where you’ll find shopping, dining, and schools. Enjoy the perfect balance of rural charm and modern convenience in this one-of-a-kind property. **Roof and HVAC was replaced a year ago.**

Details

Property type

Single Family Residence

Est. home value

$543,620

Lot size

6.42 acres

Price per sq ft

$201

Year built

2001

Annual property taxes

$6,218

Price History

03/10/2025
NTREIS

NTREIS #20866939

Listed
$550,000
12/31/2019
NTREIS

NTREIS #14228632

Removed

Schools & Community

Elementary school: 

Malakoff

Middle school: 

Malakoff

High school: 

Malakoff

School district: 

Malakoff 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

$250,543
Asking price
$550,000
Closing costs (~8% of asking)
-$44,000
Est. remaining loan balance
-$255,457
Cash to seller
$250,543

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

Seller’s Loan History

Lender

Everett Financial Inc

Loan start date

December 2019

Original loan amount

$284,747

Est. remaining balance

$255,457

Interest rate

3.75%

Loan type

FHA, 30 year

Seller

Cody Phillips and Rebecca Phillips

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?

Status: Active

Tomo last checked: 03/11/2025 at 2:50 PM

Listing updated: 03/11/2025 at 3:13 AM

Listed by: Julie Stewart, Stewart & McGee Real Estate Phone #: (903) 675-5207

MLS: NTREIS #20866939

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