tomo logo

$585,000

Beds
3
Baths
4.0
sq ft
2,546

816 Chapel Hill Ln, Mckinney, TX 75069

816 Chapel Hill Ln

McKinney, TX 75069

  • 83 days on market
    • Price drop $10,000↓
MOTIVATED SELLER! BRING ALL OFFERS!! Welcome to Chapel Hill, McKinney's best kept secret!! This quiet neighborhood is located 1 mile from historic downtown and 1 mile from Towne Lake, providing the convenience of entertainment, nature trails, Warden Creek, restaurants and the best of all McKinney has to offer. It has fresh paint throughout, lovely tile floors, a large guest room with ensuite downstairs, a cozy living room and a space perfect for a formal dining room, study or office. Upstairs is a large game room or flex space, the primary bedroom with ensuite, and the third bedroom with a private bath. The garage is detached and has unfinished space above it for a mother-in-laws suite, a studio or secluded office. Water, sewer and electricity are in place and ready for your vision! Updates include 2 new HVACs and fresh paint. This home has good bones and is ready for your special touch! Fridge, washer & dryer convey.

Details

Property type

Single Family Residence

Est. home value

$508,855

Lot size

4,791.6 sq ft

Price per sq ft

$230

Year built

2006

Annual property taxes

$7,414

HOA fee

$850

Price History

08/12/2024
NTREIS

NTREIS #20648646

Price change
$585,000
-1.68%
07/16/2024
NTREIS

NTREIS #20648646

Price change
$595,000
-0.83%
06/28/2024
NTREIS

NTREIS #20648646

Listed
$600,000

Schools & Community

Elementary school: 

Davis Malvern

Middle school: 

Dr Jack Cockrill

High school: 

Mckinney

Community features: 

Park

School district: 

McKinney 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

$277,766
Asking price
$585,000
Closing costs (~8% of asking)
-$46,800
Est. remaining loan balance
-$260,434
Cash to seller
$277,766

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

March 2023

Original loan amount

$265,000

Est. remaining balance

$260,434

Interest rate

6.12%

Loan type

New Conventional, 30 year

Seller

Sarah Stark Sherry

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: 09/19/2024 at 7:45 PM

Listing updated: 09/11/2024 at 8:29 AM

Listed by: Shelly Nutt, Monument Realty Phone #: (214) 705-7827

MLS: NTREIS #20648646

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