Exclusive Short Sale Opportunity: 732 Equestrian Drive, Rockwall TX
Discover this rare short sale gem in Rockwall, TX. A unique chance for savvy buyers and agents.
Property Overview
Location Details: Outside of Rockwall City Limits- Off 276 West to Dowell St. Equestrian Meadows on left.
Situated in Rockwall, TX, this property offers a perfect blend of rural charm and urban convenience. The address, 732 Equestrian Drive, hints at its luxurious equestrian-focused neighborhood.
Price Information: 599,000.00 SHORT SALE
Recently reduced to $599K, making it an attractive short sale opportunity. This price point offers significant value for the area and property type.
Property Features: Located in a gated community, this charming 3,201 SF traditional modern farmhouse boasts 5 bedrooms, 4 bathrooms, and an array of desirable features. The home includes a saltwater pool with waterfall, two fenced areas, an outdoor grilling station, covered porch, back patio, shed, and a 3-car garage. Inside, you'll find wood flooring throughout the first floor, a cozy fireplace in the living room, and a luxurious primary bedroom with a clawfoot tub, separate his-and-hers closets.
Upstairs features windows with built-in seated storage bins, adding both function and charm. The property, situated outside city limits, enjoys the benefit of no city tax and includes a water filter system for the kitchen sink and refrigerator, as well as a water softener. Recent upgrades include a new roof in 2022, an alkaline filter in the kitchen, and a 9K water softener. The property is maintained with up-to-date annual services for both the septic and HVAC systems.
Above the garage, an additional 420 SF apartment or media room offers a full bathroom, mini counter bar, and separate entrance. The community also features a horse barn for residents to enjoy. The home is vacant, with fresh paint throughout. Seller will consider only minimal repairs. The first month of pool service will be prepaid by the sellers. This property is being sold as a SHORT SALE.
While specific details aren't provided, the property likely features spacious living areas, high-end finishes, and possibly equestrian facilities, given its location and price point.
Located in a gated community, this charming 3,201 SF traditional modern farmhouse boasts 5 bedrooms, 4 bathrooms, and an array of desirable features. The home includes a saltwater pool with waterfall, two fenced areas, an outdoor grilling station, covered porch, back patio, shed, and a 3-car garage. Inside, you'll find wood flooring throughout the first floor, a cozy fireplace in the living room, and a luxurious primary bedroom with a clawfoot tub, separate his-and-hers closets.
Upstairs features windows with built-in seated storage bins, adding both function and charm. The property, situated outside city limits, enjoys the benefit of no city tax and includes a water filter system for the kitchen sink and refrigerator, as well as a water softener. Recent upgrades include a new roof in 2022, an alkaline filter in the kitchen, and a 9K water softener. The property is maintained with up-to-date annual services for both the septic and HVAC systems.
Above the garage, an additional 420 SF apartment or media room offers a full bathroom, mini counter bar, and separate entrance. The community also features a horse barn for residents to enjoy. The home is vacant, with fresh paint throughout. This property is being sold as a SHORT SALE.
Understanding the Short Sale Process
1
Seller and Lender Agreement
The sellers and lender have aligned on the short sale process, streamlining the initial stages.
2
Bank Approval
Final approval rests with the bank, which may require additional processing time.
3
Commission Structure
Commissions are determined by the lender and subject to bank approval in this scenario. Please text agent, Amanda Allen, for current contract commission split- however, it will remain based on bank approval. 903-603-0648
Offer Submission Requirements
1
Contract and HOA Addendum
Include these essential documents to ensure a complete offer package.
2
Pre-Approval Letter
Demonstrate your financial readiness with a current pre-approval from your lender.
3
Specific Terms
Clearly outline your proposed terms to facilitate a smooth negotiation process.
4
Septic Addendum
Required due to the property's septic system. Ensure this is included with your offer.
Unique Property Features
Septic System
The property features a septic system, ideal for rural living. Also has sprinkler system.
Equestrian Neighborhood
Located on Equestrian Drive, this property offers amenities for horse enthusiasts.
Spacious Grounds
1.027 Acres offering ample outdoor space. Perfect for those seeking privacy and room for outdoor activities. Gated. SEE Property Features Above!
Advantages of This Short Sale
Potential Savings
Short sales present opportunities to purchase properties below market value.
Desirable Location
Rockwall, TX offers a blend of small-town charm and proximity to Dallas amenities.
Motivated Sellers
Sellers are eager to complete the transaction, leading to smoother negotiations.
Investment Potential
The discounted price offers significant appreciation potential in the future.
Agent Support and Guidance
1
Expert Assistance
Amanda Allen from Coldwell Banker is ready to guide you through the process.
2
Commission Information
For specific commission details, text the agent at 903-603-0648.
3
Submission Support
The agent offers assistance with the offer submission process to ensure completeness.
Next Steps for Interested Parties
