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$315,000

Beds
3
Baths
2.0
sq ft
1,503

7202 Black Forest Dr, Magnolia, TX 77354

7202 Black Forest Dr

Magnolia, TX 77354

  • 102 days on market
    • Price drop $5,000↓
Beautiful, well-maintained home ready for move-in! This clean and inviting property features wheelchair-accessible doorways, ensuring comfort and convenience for everyone. Enjoy the spaciousness of an extra-large garage and relax in the huge, fenced-in backyard. Inside, newer carpet adds warmth and coziness. Located in a fantastic community with access to a pool, basketball court, and tennis courts, this home offers endless entertainment options. Plus, it's conveniently close to shopping and schools, making it the perfect place to call home!

Details

Property type

Single Family Residence

Est. home value

$311,243

Lot size

0.46 acres

Price per sq ft

$210

Year built

1999

Annual property taxes

$4,853

Monthly HOA fee

$22.92

Price History

10/12/2024
Houston

Houston #85930792

Price change
$315,000
-1.56%
09/04/2024
Houston

Houston #85930792

Price change
$320,000
-1.54%
08/12/2024
Houston

Houston #85930792

Listed
$325,000

Schools & Community

Elementary school: 

BEAR BRANCH ELEMENTARY SCHOOL (MAGNOLIA)

Middle school: 

BEAR BRANCH JUNIOR HIGH SCHOOL

High school: 

MAGNOLIA HIGH SCHOOL

Community features: 

Tennis Court(s)

School district: 

Magnolia

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

-$457
Asking price
$315,000
Closing costs (~8% of asking)
-$25,200
Est. remaining loan balance
-$290,257
Cash to seller
-$457

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

Seller’s Loan History

Lender

Rocket Mortgage Llc

Loan start date

June 2023

Original loan amount

$295,056

Est. remaining balance

$290,257

Interest rate

6.43%

Loan type

FHA, 30 year

Seller

Jerrell Smith and Jacquelyn Shair

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: 11/22/2024 at 7:40 PM

Listing updated: 10/12/2024 at 5:26 PM

Listed by: Renee Jacks, Connect Realty.com Phone #: (281) 292-3499

MLS: Houston #85930792

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