tomo logo

$495,000

Beds
3
Baths
3.5
sq ft
2,220

1022 Falling Rock Place, Durham, NC 27703

1022 Falling Rock Place

Durham, NC 27703

  • 36 days on market
Investors Dream! Excellent tenants in place until May 2025! 4 bedroom unit with 3.5 baths. Open floor plan, close to everything, with all the upgrads you could ask for.

Details

Property type

Townhouse

Est. home value

$467,855

Lot size

1,742.4 sq ft

Price per sq ft

$223

Year built

2021

Annual property taxes

$3,931.22

Monthly HOA fee

$176

Price History

08/13/2024
TriangleMLS

TriangleMLS #10046504

Listed
$495,000
+12.23%
01/03/2022
TriangleMLS

TriangleMLS #2394539

Sold
$441,052

Schools & Community

Elementary school: 

Durham - Spring Valley

Middle school: 

Durham - Neal

High school: 

Durham - Southern

Community features: 

Pool

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

$171,831
Asking price
$495,000
Closing costs (~8% of asking)
-$39,600
Est. remaining loan balance
-$283,569
Cash to seller
$171,831

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

Seller’s Loan History

Lender

Provident Funding Associates Lp

Loan start date

December 2021

Original loan amount

$330,700

Est. remaining balance

$283,569

Interest rate

2.27%

Loan type

New Conventional, 16 year

Seller

Mathumitha Ganesh Shankar and Senthilkumar Srinivasan

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: 09/19/2024 at 5:55 AM

Listing updated: 08/23/2024 at 9:54 AM

Listed by: Kelly Sauls, Encore Properties Phone #: (919) 324-3829

MLS: TriangleMLS #10046504

TriangleMLS logo

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