tomo logo

$1,600,000

Beds
4
Baths
4.0
sq ft
3,394

7242 Waters Edge Dr, The Colony, TX 75056

7242 Waters Edge Dr

The Colony, TX 75056

  • 219 days on market
    • Price drop $25,000↓
Welcome to your dream oasis nestled within the ultra exclusive gated community of The Waters Edge, where luxury and sophistication merge to create an unparalleled living experience. This magnificent Tuscan Villa boasts an array of custom features and exquisite finishings, offering an unmatched level of comfort and elegance. The Villa's exterior is a masterpiece of architectural design and its grandeur is immediately evident as you approach. Step inside to discover a meticulously curated interior that exudes opulence and warmth. High-end finishes and the finest materials have been used throughout, creating an atmosphere of refinement. The villa's outdoor living spaces are a true testament to luxury living, with a private piazza and pool, and two terraces for entertaining while taking in sunset lake views. This Villa is conveniently located in the heart of Dallas, offering easy access to the PGA Frisco, The Star, The Grandscape, and DFW airport while still providing a peaceful sanctuary.

Details

Property type

Single Family Residence

Est. home value

$1,701,533

Lot size

0.503 acres

Price per sq ft

$472

Year built

2007

Annual property taxes

$20,761

Monthly HOA fee

$175

Price History

10/07/2024
NTREIS

NTREIS #20615064

Price change
$1,600,000
-1.54%
08/03/2024
NTREIS

NTREIS #20615064

Price change
$1,625,000
-3.85%
06/13/2024
NTREIS

NTREIS #20615064

Price change
$1,690,000
-3.43%

Schools & Community

Elementary school: 

Stewarts Creek

Middle school: 

Lakeview

High school: 

The Colony

Community features: 

Gated

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

$738,142
Asking price
$1,600,000
Closing costs (~8% of asking)
-$128,000
Est. remaining loan balance
-$733,858
Cash to seller
$738,142

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

Seller’s Loan History

Lender

Regions Bank

Loan start date

August 2021

Original loan amount

$790,200

Est. remaining balance

$733,858

Interest rate

2.9%

Loan type

New Conventional, 30 year

Seller

Douglas North and Margarita North

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: 12/23/2024 at 5:10 AM

Listing updated: 10/07/2024 at 3:04 PM

Listed by: Daniel Nestorovski, Keller Williams Central Phone #: (469) 467-7755

MLS: NTREIS #20615064

NTREIS logo

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