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$2,200,000

Beds
5
Baths
6.5
sq ft
7,386

7524 FM 723 Rd, Richmond, TX 77406

7524 FM 723 Rd

Richmond, TX 77406

  • 132 days on market
    • Open house Sep 22
Exquisite custom Estate home on 5.2692 wooded acres with imported marble and wood floors, gourmet kitchen, and 2 fireplaces. Spacious primary bedroom with luxurious bathroom, covered terrace, and second-floor veranda overlooking pool and spa. Large game room above 3-car garage for entertaining. With 5 bedrooms and 5 bathrooms, this elegant property at 7524 FM 723 offers 7386 square feet of living space. Built in 1999, this charming home has endless amenities. Don't miss out on this opportunity for luxury living!

Details

Property type

Single Family Residence

Est. home value

$2,198,898

Lot size

5.27 acres

Price per sq ft

$298

Year built

1999

Annual property taxes

$22,912

Monthly HOA fee

$100

Price History

07/29/2024
Houston

Houston #54176196

Price change
$2,200,000
+15.79%
05/17/2024
Houston

Houston #54176196

Price change
$1,900,000
-24%
05/11/2024
Houston

Houston #54176196

Listed
$2,500,000

Schools & Community

Elementary school: 

BENTLEY ELEMENTARY SCHOOL

Middle school: 

BRISCOE JUNIOR HIGH SCHOOL

High school: 

FOSTER HIGH SCHOOL

School district: 

Lamar Consolidated

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

$940,652
Asking price
$2,200,000
Closing costs (~8% of asking)
-$176,000
Est. remaining loan balance
-$1,083,348
Cash to seller
$940,652

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

Seller’s Loan History

Lender

Carrington Mortgage Services Llc

Loan start date

November 2023

Original loan amount

$1,092,000

Est. remaining balance

$1,083,348

Interest rate

7.31%

Loan type

New Conventional, 30 year

Seller

Jose Morin Ramirez

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: 09/20/2024 at 12:50 PM

Listing updated: 09/19/2024 at 8:02 AM

Listed by: Ken Lewis, RE/MAX Signature Phone #: (713) 636-3015

MLS: Houston #54176196

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