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$685,000

Beds
4
Baths
2.5
sq ft
2,603

8313 Cates Creek Dr, Salado, TX 76571

8313 Cates Creek Dr

Salado, TX 76571

  • 37 days on market
    • Price drop $10,000↓
Welcome to this beautifully crafted 4-bedroom, 2.5-bath home, on over half an acre in the highly sought-after Spring Creek neighborhood in Salado, TX. Built in 2021, this 2,597 square feet home is better than new, offering spacious living with custom finishes throughout. The open-concept floor plan features a gourmet kitchen with BRAND NEW custom backsplash, stainless steel smart-appliances, quartz countertops, and a large island, perfect for entertaining. The living area boasts high ceilings, fireplace, and abundant natural light, creating a warm and inviting atmosphere. BRAND NEW Hickory scratch resistant engineered wood flooring. Retreat to the luxurious primary suite with a spa-like bathroom, complete with dual vanities, a soaking tub, and a walk-in shower. Three additional bedrooms provide plenty of space for family or guests. Two tankless water heaters w/whole house water filtration system and reverse osmosis. Outside, enjoy the expansive fenced-in backyard, oversized covered patio with built in kitchen. Over $20k in landscaping w/Tiftuf Bermuda shade and drought tolerant grass. Endless possibilities for outdoor living, gardening, or creating your dream oasis. Located in a peaceful, family-friendly community, this home combines modern elegance with the tranquility of country living, all while being just minutes from Salado’s charming shops, restaurants, and top-rated schools.

Details

Property type

Single Family Residence

Est. home value

$677,788

Lot size

0.53 acres

Price per sq ft

$264

Year built

2021

Annual property taxes

$11,258

Monthly HOA fee

$16.67

Price History

11/14/2024
CentralTexas

CentralTexas #558745

Price change
$685,000
-1.44%
10/17/2024
CentralTexas

CentralTexas #558745

Listed
$695,000

Schools & Community

Elementary school: 

Thomas Arnold Elementary

Middle school: 

Unknown

High school: 

Salado High School

Community features: 

None

High school district: 

Salado 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

$533,826
Asking price
$685,000
Closing costs (~8% of asking)
-$54,800
Est. remaining loan balance
-$96,374
Cash to seller
$533,826

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

Seller’s Loan History

Lender

Fairway Independent Mortgage Corp

Loan start date

June 2022

Original loan amount

$100,000

Est. remaining balance

$96,374

Interest rate

5.11%

Loan type

New Conventional, 30 year

Seller

Russell J Cox and Martha C Cox

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: 11/23/2024 at 8:25 AM

Listing updated: 11/17/2024 at 4:09 PM

Listed by: Bettina Stewart, Magnolia Realty Phone #: (512) 402-5111

MLS: CentralTexas #558745

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