tomo logo

$399,999

Beds
4
Baths
3.0
sq ft
2,874

705 Piedmont Dr, Mckinney, TX 75071

705 Piedmont Dr

McKinney, TX 75071

  • <1 day on market
Investor Special in West McKinney! This spacious 4 bed, 3 bath, 2,874 SF home, built in 2002, offers endless potential in one of the most desirable neighborhoods. Featuring two living areas—one upstairs and one downstairs—and a full bath on the main floor, this property has room for everyone. Ideal for flippers and BRRRR investors looking to add value, this home is a blank canvas ready for your vision. With some rehab, this property could shine! Conveniently located near top schools, parks, and shopping. Don’t miss this incredible investment opportunity! All information is deemed reliable but not guaranteed.

Details

Property type

Single Family Residence

Est. home value

$468,251

Lot size

6,098.4 sq ft

Price per sq ft

$140

Year built

2002

Annual property taxes

$8,735

Monthly HOA fee

$20.33

Price History

11/07/2024
NTREIS

NTREIS #20773469

Listed
$399,999
05/13/2022
NTREIS

NTREIS #20033232

Removed

Schools & Community

Elementary school: 

John A Baker

Middle school: 

Reynolds

High school: 

Prosper

School district: 

Prosper 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

$54,441
Asking price
$399,999
Closing costs (~8% of asking)
-$32,000
Est. remaining loan balance
-$313,558
Cash to seller
$54,441

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

Seller’s Loan History

Lender

Pmac Lending Services Inc

Loan start date

May 2022

Original loan amount

$326,900

Est. remaining balance

$313,558

Interest rate

4.42%

Loan type

New Conventional, 30 year

Seller

Hong Kiu Wong

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: 11/08/2024 at 6:35 AM

Listing updated: 11/08/2024 at 3:13 AM

Listed by: Rita Gozlan-Derjavetz, Wisdom REALTORS Phone #: (903) 600-0616

MLS: NTREIS #20773469

NTREIS logo

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