tomo logo

$825,000

Beds
3
Baths
2.0
sq ft
2,468

716 Elmwood, Flower Mound, TX 75022

716 Elmwood

Flower Mound, TX 75022

  • 129 days on market
    • Price drop $25,000↓
This beautiful, log cabin home is tucked away among tall mature trees and features a wraparound porch. Only a 5 min walk to Grapevine Lake with direct access to Northshore hiking-biking trails. The gorgeous iron front door opens to a grand staircase and an open floorplan living area. The completely custom kitchen has a large granite island and a wall of cabinets for tons of storage. You will find pine, spruce, and cedar wood planks throughout. This unique home incorporates the original 1950s cabin which is now the master retreat. Your outdoor entertaining needs are met with a covered patio, a built-in grill, and a pool perfect for cooling off in the Texas heat. This is a rare opportunity to own a log cabin home in a quiet, secluded neighborhood by the lake in the heart of the city! You are minutes away from shopping, dining, and entertainment and it's only 10 minutes to Highway 121, 635, and I35. (Dallas and Fort Worth are 40 minutes away respectively)

Details

Property type

Single Family Residence

Est. home value

$862,785

Lot size

0.4817 acres

Price per sq ft

$335

Year built

2011

Annual property taxes

$9,985

Price History

04/18/2024
NTREIS

NTREIS #20546261

Price change
$825,000
-2.94%
03/13/2024
NTREIS

NTREIS #20546261

Price change
$850,000
-1.16%
02/29/2024
NTREIS

NTREIS #20546261

Listed
$860,000

Schools & Community

Elementary school: 

Old Settlers

Middle school: 

Shadow Ridge

High school: 

Flower Mound

School district: 

Lewisville 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

$458,419
Asking price
$825,000
Closing costs (~8% of asking)
-$66,000
Est. remaining loan balance
-$300,581
Cash to seller
$458,419

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

Seller’s Loan History

Lender

Jpmorgan Chase Bank Na

Loan start date

May 2021

Original loan amount

$340,000

Est. remaining balance

$300,581

Interest rate

3.18%

Loan type

New Conventional, 20 year

Seller

Dennis Griffin

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: 07/07/2024 at 5:40 PM

Listing updated: 06/07/2024 at 10:33 AM

Listed by: Megan Wilson, Ebby Halliday Realtors Phone #: (972) 539-3000

MLS: NTREIS #20546261

NTREIS logo

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