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$225,000

Beds
2
Baths
1.0
sq ft
976

827 W Ellis St, Sherman, TX 75092

827 W Ellis St

Sherman, TX 75092

    • Price drop $10,000↓
Discover this charming, completely renovated cottage home nestled on nearly a third of an acre in the vibrant heart of Sherman. This property is ideal as a starter home, a rental investment, or a potential subdivision into two lots with city approval. The expansive lot offers endless possibilities, whether you're dreaming of gardening, entertaining, or enjoying life in quaint downtown Sherman. Located just seven minutes from the highly regarded Austin College and less than ten minutes from Texas Instruments, which is currently undergoing a $30 million expansion, this property is perfectly positioned for convenience. With numerous tech companies moving into the area, this home’s prime location in the rapidly growing Sherman community offers both significant appeal and future potential. No showings on Saturday

Details

Property type

Single Family Residence

Est. home value

$178,047

Lot size

0.3061 acres

Price per sq ft

$231

Year built

1900

Annual property taxes

$4,236

Price History

08/15/2024
NTREIS

NTREIS #20692246

Listed
$225,000
07/18/2022
NTREIS

NTREIS #20077475

Removed
03/08/2022
NTREIS

NTREIS #14749313

Removed

Schools & Community

Elementary school: 

Wakefield

Middle school: 

Piner

High school: 

Sherman

School district: 

Sherman 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

$42,752
Asking price
$225,000
Closing costs (~8% of asking)
-$18,000
Est. remaining loan balance
-$164,248
Cash to seller
$42,752

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

Seller’s Loan History

Lender

Midwest Mortgage Associates Corp

Loan start date

July 2022

Original loan amount

$169,750

Est. remaining balance

$164,248

Interest rate

5.09%

Loan type

New Conventional, 30 year

Seller

Nathan Milenewicz and Tehila Milenewicz

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 11:10 PM

Listing updated: 08/30/2024 at 5:16 PM

Listed by: Tehila Milenewicz, Competitive Edge Realty LLC Phone #: (972) 200-3685

MLS: NTREIS #20692246

NTREIS logo

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