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$1,400,000

Beds
4
Baths
6.0
sq ft
Unknown

695 Wendy Ln, Allen, TX 75002

695 Wendy Ln

Lucas, TX 75002

  • 166 days on market
Location, location, location! Build your custom dream home on 3.88 acres off prestigious Wendy Lane in the sought-after Lovejoy ISD. This expansive land may be divided into two parcels, offering endless possibilities. The existing home, while charming and featuring oak hardwoods, stainless steel appliances, granite counters, birch cabinets,  three updated water heaters, updated HVAC, and two primary suites, has only LAND VALUE beyond its rental potential, generating $5,100 month. Enjoy serene views of a neighboring pond, a harvest garden, a saltwater pool, and large country trees. The property includes a 4-bedroom, 6-bathroom home with 3,471 sq. ft. on 1.5 acres and a barn. You could parcel an additional 2.38 acres ideal for future dream site with a separate street gated entry. The Sellers do not want to divide the property. No HOA. The value is in the land. Seize this unique opportunity to invest in prime real estate! Visit MLS 20489290 for rental information. Do not disturb tenants.

Details

Property type

Single Family Residence

Est. home value

$1,113,593

Lot size

3.884 acres

Price per sq ft

Unknown

Year built

1993

Price History

05/23/2024
NTREIS

NTREIS #20625339

Listed
$1,400,000

Schools & Community

Elementary school: 

Hart

Middle school: 

Willow Springs

High school: 

Lovejoy

School district: 

Lovejoy 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

$1,025,008
Asking price
$1,400,000
Closing costs (~8% of asking)
-$112,000
Est. remaining loan balance
-$262,992
Cash to seller
$1,025,008

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

March 2022

Original loan amount

$277,000

Est. remaining balance

$262,992

Interest rate

3.55%

Loan type

New Conventional, 30 year

Seller

Christopher Heap and Janet Louise Stott

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 5:25 PM

Listing updated: 08/19/2024 at 11:30 AM

Listed by: Rob McIntosh, McIntosh Fine Homes, REALTORS Phone #: (972) 429-7100

MLS: NTREIS #20625339

NTREIS logo

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