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$875,000

Beds
4
Baths
5.0
sq ft
5,185

850 Kings Forest Ln, Richmond, TX 77469

850 Kings Forest Ln

Richmond, TX 77469

  • 3 days on market
Welcome home! Custom Mediterranean-style home on HUGE lot! Situated on a 31,171 square foot corner lot with beautiful lake behind backyard! Ample room for any type of activities outside. Enter a world of luxury, from the resort-style pool, outdoor kitchen, to the elegant finishes inside. Boasting 4/5 bedrooms, 4 full/2 half bathrooms, formal living, formal dining, 2 game room/flex areas upstairs, media room, and a 3-car garage. As you enter, you are greeted by an expansive foyer featuring a grand wrought iron staircase welcomes you, while the spacious living and dining rooms are perfect for entertaining. The gourmet kitchen features a large island, Viking appliances, walk-in pantry, and great bar top seating. Enjoy the privacy, serenity, and peacefulness as you pull into Royal Lake Estates, surrounded by wooded areas, deer, and wildlife. Enjoy all of the neighborhood water features, ballpark, horse stable, and wildlife. Easy access to I-69 and zoned to great Lamar CISD schools!

Details

Property type

Single Family Residence

Est. home value

$871,288

Lot size

0.72 acres

Price per sq ft

$169

Year built

2001

Annual property taxes

$13,400

Monthly HOA fee

$113.08

Price History

09/15/2024
Houston

Houston #26093395

Listed
$875,000
09/12/2024
Houston

Houston #22390321

Removed
08/31/2024
Houston

Houston #22390321

Pending
$875,000

Schools & Community

Elementary school: 

VELASQUEZ ELEMENTARY SCHOOL

Middle school: 

READING JUNIOR HIGH SCHOOL

High school: 

GEORGE RANCH 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

$207,544
Asking price
$875,000
Closing costs (~8% of asking)
-$70,000
Est. remaining loan balance
-$597,456
Cash to seller
$207,544

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

Seller’s Loan History

Lender

Assurance Financial Group Llc

Loan start date

October 2021

Original loan amount

$638,290

Est. remaining balance

$597,456

Interest rate

2.87%

Loan type

New Conventional, 30 year

Seller

Brooke Sabo and Michael Sabo

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: 09/18/2024 at 6:05 PM

Listing updated: 09/16/2024 at 4:02 AM

Listed by: Jacob Raley, Pecan Classic Realty Phone #: (832) 512-5521

MLS: Houston #26093395

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