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$209,000

Beds
3
Baths
1.0
sq ft
1,272

7070 Farm Road 1567 W, Sulphur Springs, TX 75482

7070 Farm Road 1567 W

Sulphur Springs, TX 75482

  • 413 days on market
    • Price drop $50,000↓
This 3 bed, 1 bath home on just shy of an acre is a great opportunity for someone who is willing to put in a little TLC. The home has original hardwood floors in most rooms and a metal roof. There are also multiple outbuildings on the property. The property has the potential to be a great home for a small family or individual. With some renovations, it could also be a great investment property.

Details

Property type

Single Family Residence

Est. home value

$283,924

Lot size

0.881 acres

Price per sq ft

$165

Year built

1966

Price History

05/28/2024
NTREIS

NTREIS #20434056

Price change
$209,000
-19.31%
12/15/2023
NTREIS

NTREIS #20434056

Price change
$259,000
-10.38%
10/10/2023
NTREIS

NTREIS #20434056

Listed
$289,000

Schools & Community

Elementary school: 

Sulphurspr

Middle school: 

Sulphurspr

High school: 

Sulphurspr

School district: 

Sulphur Springs 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

$149,398
Asking price
$209,000
Closing costs (~8% of asking)
-$16,720
Est. remaining loan balance
-$42,882
Cash to seller
$149,398

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

Seller’s Loan History

Lender

Alliance Bank

Loan start date

June 2007

Original loan amount

$67,000

Est. remaining balance

$42,882

Interest rate

6.17%

Loan type

New Conventional, 30 year

Seller

Rufus Marvin Lewis and Laurette Lelia Lewis

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 2:35 AM

Listing updated: 07/29/2024 at 11:50 AM

Listed by: Alexander Hammac, Freedom Realty Phone #: (903) 335-8921

MLS: NTREIS #20434056

NTREIS logo

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