NOT LISTED FOR SALE

502 Cherry Tree Ln Wylie, TX 75098

Estimated Value: $756,000 - $835,000

5 Beds
5 Baths
3,804 Sq Ft
$205/Sq Ft Est. Value

Last Sold December 22, 2022

Current estimated payment $5,284/month

8 Days on Market

Highlights

  • New Construction
  • Adjacent to Greenbelt
  • Community Pool
  • Don Whitt Elementary School Rated A+
  • Wood Flooring
  • Covered Patio or Porch

About This Home

As of December 2022

Ask about our MEGAsale promotion of 6 months mortgage on us, where we credit you money toward your closing costs. Ask your community sales consultant for full details. Megatel Homes reserves the right to change or cancel the program at any time. This home will be ready in July 2022. Megatel Homes Normandy plan features 5 bedrooms, 5 baths & 3 car tandem garage. This east facing home is on a large oversized lot with a nice covered patio. The kitchen comes with a walk-in pantry, island and cabinets with an open concept to the soaring ceiling in the family room, complete with a corner fireplace! Great home for entertaining with plenty of space for all to enjoy upstairs. Located in the Woodbridge Community.

Last Agent to Sell the Property

Jagjit Singh

Jagjit Singh License #0326070 Listed on: 12/22/2021

Last Buyer's Agent

Joyce Lynn Chandler

Keller Williams Central License #0533310

Keller Williams Central

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $13,560

Year Built

  • Built in 2022 | New Construction

Lot Details

  • 0.3 Acre Lot
  • Lot Dimensions are 93x140
  • Adjacent to Greenbelt
  • Cul-De-Sac
  • Wood Fence
  • Landscaped
  • Sprinkler System
  • Large Grassy Backyard

HOA Fees

  • $40 Monthly HOA Fees

Parking

  • 3 Car Garage
  • Tandem Parking

Home Design

  • Brick Exterior Construction
  • Slab Foundation
  • Composition Roof
  • Stone Siding

Interior Spaces

  • 3,804 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Gas Log Fireplace
  • ENERGY STAR Qualified Windows
  • Washer and Electric Dryer Hookup

Kitchen

  • Electric Oven
  • Gas Cooktop
  • Microwave
  • Plumbed For Ice Maker
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Full Bathrooms

Home Security

  • Wireless Security System
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Eco-Friendly Details

  • Energy-Efficient Appliances
  • Energy-Efficient HVAC
  • Energy-Efficient Insulation
  • Energy-Efficient Thermostat
  • Mechanical Fresh Air

Outdoor Features

  • Covered Patio or Porch
  • Rain Gutters

Schools

  • Groves Elementary School
  • Cooper Middle School
  • Wylie High School

Utilities

  • Central Heating and Cooling System
  • Vented Exhaust Fan
  • Heating System Uses Natural Gas
  • Tankless Water Heater
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Legal Lot and Block 5 / I

Community Details

Overview

  • Association fees include full use of facilities, maintenance structure
  • Classic Property Management HOA, Phone Number (817) 640-2064
  • Woodbridge Subdivision
  • Mandatory home owners association
  • Greenbelt

Recreation

  • Community Playground
  • Community Pool
  • Jogging Path

Security

  • Fenced around community

Home Details

Home Type

Single Family

Est. Annual Taxes

$13,560

Year Built

Built in 2022 | New Construction

Lot Details

0

HOA Fees

$40 per month

Parking

3

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Structural Style: Single Detached
  • Unit Levels: Two
  • Security: Carbon Monoxide Detector(s), Prewired, Smoke Detector(s), Wireless
  • Year Built Details: New Construction - Incomplete
  • Multi Parcel I D Y N: No
  • Municipal Utility District Y N: No
  • Will Subdivide: No
  • Accessibility Features Yn: No
  • Ratio Current Price By Building: 202.61567
  • Special Features: NewHome
  • Year Built: 2022

Interior Features

  • Square Footage: 3804.00
  • Fireplace Features: Gas Logs, Gas Starter
  • Interior Amenities: Cable TV Available, High Speed Internet Available
  • Flooring: Carpet, Ceramic Tile, Wood
  • Appliances: Dishwasher, Disposal, Electric Oven, Gas Cooktop, Microwave, Plumbed for Ice Maker, Vented Exhaust Fan, Tankless Water Heater
  • Fireplaces: 1
  • Number Of Dining Areas: 3
  • Number Of Living Areas: 3
  • Room Count: 13

Beds/Baths

  • Full Bathrooms: 5
  • Total Bedrooms: 5

Exterior Features

  • Pool: No
  • Foundation: Slab
  • Community Features: Community Pool, Greenbelt, Jogging Path/Bike Path, Perimeter Fencing, Playground
  • Fencing: Wood
  • Roof: Composition
  • Construction Materials: Brick, Rock/Stone
  • Exterior Features: Covered Patio/Porch, Rain Gutters
  • Waterfront: No
  • Patio And Porch Features: Covered

Garage/Parking

  • Cooling System: Ceiling Fan(s), Central Air, Electric
  • Garage Spaces: 3
  • Total Covered Spaces: 3
  • Parking Features: Tandem
  • GarageYN: Yes

Utilities

  • Heating: Central, Natural Gas
  • LaundryFeatures: Electric Dryer Hookup, Washer Hookup
  • Utilities: City Sewer, City Water

Condo/Co-op/Association

  • HOA Fee Includes: Full Use of Facilities, Maintenance Structure
  • Association Fee: 480
  • Association Fee Frequency: Annually
  • Association Type: Mandatory
  • Hoa Management Company: Classic Property Management
  • HOA Management Company: 817-640-2064

Schools

  • School District: Wylie ISD
  • Elementary School: Groves
  • Junior High School: Cooper
  • High School: Wylie

Lot Info

  • PropertyAttachedYN: No
  • Lot Size: Less Than .5 Acre (not Zero)
  • Lot Features: Adjacent to Greenbelt, Cul-De-Sac, Landscaped, Lrg. Backyard Grass, Sprinkler System, Subdivision
  • Lot Size Units: Acres
  • Lot Size Area: 0.2990
  • Lot Size: 93x140
  • Lot Size Acres: 0.2990
  • Lot Size Sq Ft: 13024.4400

Green Features

  • Efficiency: Appliances, HVAC, Insulation, Mechanical Fresh Air, Thermostat, Waterheater, Windows
  • Smart Home Features Appor Pass Y: No

Building Info

  • Year Built: 2022

Tax Info

  • TaxBlock: I
  • Tax Lot: 5

MLS Schools

  • MiddleOrJuniorSchool: Cooper
  • Elementary School Name: Groves
  • High School Name: Wylie

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 22, 2021
Closed on
Dec 29, 2022
Sold by
Devon Bank
Bought by
Ahmed Mohammed Ali and Sawani Marium M
Seller's Agent
Jagjit Singh
Jagjit Singh
Buyer's Agent
Joyce Lynn Chandler
Keller Williams Central
List Price
$749,965
Views
5
Current Estimated Value
$778,913

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.40%
Original Mortgage
$1,533,136
Outstanding Balance
$1,485,805
Interest Rate
6.61%
Mortgage Type
Seller Take Back
Estimated Equity
-$706,892
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Ahmed Mohammed Ali -- Chicago Title
Devon Bank -- Chicago Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ahmed Mohammed Ali $1,533,136
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/22/2022 12/22/22 Sold -- -- --
12/30/2021 12/30/21 Pending -- -- --
12/28/2021 12/28/21 Price Changed $769,965 +2.7% $202 / Sq Ft
12/22/2021 12/22/21 For Sale $749,965 -- $197 / Sq Ft
Source: North Texas Real Estate Information Systems (NTREIS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $13,560 $763,097 $198,000 $565,097
2024 $13,560 $756,910 $198,000 $558,910
2023 $13,560 $762,723 $165,000 $597,723
2022 $2,416 $110,110 $110,110 $0
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2022

    Jagjit Singh

    Jagjit Singh

    (214) 681-1407

    47 in this area

    620 Total Sales

    Jagjit Singh
    Section Image
  • Joyce Lynn Chandler

    Buyer's Agent in 2022

    Joyce Lynn Chandler

    Keller Williams Central

    (214) 499-2444

    9 in this area

    148 Total Sales

    Joyce Lynn Chandler
    Section Image
See All Agents

Map

Source: North Texas Real Estate Information Systems (NTREIS)

MLS Number: 14728583

North Texas Real Estate Information Systems (NTREIS)

APN: R-12383-00I-0050-1

Texas Collin County Wylie 75098

502 Cherry Tree Ln, Wylie, TX

Not Listed for Sale

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