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$689,900

Beds
3
Baths
2.5
sq ft
2,781

885 County Road 640, Hondo, TX 78861

885 County Road 640

Hondo, TX 78861

  • 25 days on market
    • Price drop $10,000↓
Immaculate Country Property ~ INTEREST RATE BUY DOWN AVAILABLE. This beautiful home is situated on 8+ acres and is nestled within a serene canopy of mature mesquite trees. A spacious screened porch provides an ideal setting for enjoying early morning coffee or relaxation. The property features a 6-stall horse barn with a tack area and half bath along with pens and round pen. A 40x100 Quonset Hut shop with concrete and electricity is also included. The back yard is fully fenced. There is also a chicken coop within an enclosed fenced area and a gardening shed. This home has a large game room and half bath upstairs with a separate entrance. There is also a large covered front porch. Additional 17 acres can be purchased. Owner is Licensed Realtor in Texas.

Details

Property type

Single Family Residence

Est. home value

$549,251

Lot size

8.20 acres

Price per sq ft

$249

Year built

2002

Annual property taxes

$6,683

Price History

03/22/2025
Houston

Houston #54055199

Price change
$689,900
-1.43%
03/18/2025
Houston

Houston #54055199

Price change
$699,900
-5.41%
03/13/2025
Houston

Houston #54055199

Price change
$739,900
-1.33%

Schools & Community

Elementary school: 

MEYER ELEMENTARY SCHOOL (HONDO)

Middle school: 

MCDOWELL MIDDLE SCHOOL

High school: 

HONDO HIGH SCHOOL

School district: 

Hondo

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

$582,993
Asking price
$689,900
Closing costs (~8% of asking)
-$55,192
Est. remaining loan balance
-$51,715
Cash to seller
$582,993

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

Seller’s Loan History

Lender

Security Service Fcu

Loan start date

September 2022

Original loan amount

$59,200

Est. remaining balance

$51,715

Interest rate

4.67%

Loan type

New Conventional, 15 year

Seller

Garry L Stephens and Lucinda Stephens

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: 04/03/2025 at 11:10 AM

Listing updated: 03/29/2025 at 9:21 AM

Listed by: Deanna Kirksey, Jane Byrd Properties International LLC Phone #: (713) 489-9897

MLS: Houston #54055199

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