tomo logo

$500,000

Beds
3
Baths
3.0
sq ft
2,449

104 Mcelrath Road, Arden, NC 28704

104 Mcelrath Road

Arden, NC 28704

  • 10 days on market
This beautifully designed short-term rental (STR) is fully equipped to host up to 10 guests, offering an income-generating opportunity or a charming retreat to make your own. Set on a spacious, tree-lined lot, the home features a full-length covered front porch where you can relax and enjoy the surrounding nature. Inside, an inviting living area with a stunning stone fireplace and gas logs flows seamlessly into the dining area and kitchen. The split-bedroom layout provides added privacy, with a large master suite complete with an ensuite bath and walk-in closet. The living room showcases elegant Brazilian Cherry floors, while the bedrooms feature newly installed vinyl plank flooring. The fully functional kitchen opens onto a two-story screened-in porch with a hot tub, perfect for unwinding. The lower level includes a cozy den, laundry room, full bath, and ample storage space. All furnishings and accessories are available.

Details

Property type

Single Family Residence

Est. home value

$431,292

Lot size

Unknown

Price per sq ft

$205

Year built

2000

Price History

11/09/2024
CanopyMLS

CanopyMLS #4199024

Listed
$500,000
+25%
03/08/2022
CanopyMLS

CanopyMLS #3801345

Sold
$400,000
+39.37%
07/26/2018
CanopyMLS

CanopyMLS #3368696

Sold
$287,000
+41.03%

Schools & Community

Elementary school: 

Glen Marlow

Middle school: 

Rugby

High school: 

West Henderson

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

$157,003
Asking price
$500,000
Closing costs (~8% of asking)
-$40,000
Est. remaining loan balance
-$302,997
Cash to seller
$157,003

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

Seller’s Loan History

Lender

Wells Fargo Bank Na

Loan start date

February 2022

Original loan amount

$320,000

Est. remaining balance

$302,997

Interest rate

3.45%

Loan type

New Conventional, 30 year

Seller

Ernesto Toledo and Joshua Toledo

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: 11/19/2024 at 7:30 PM

Listing updated: 11/10/2024 at 5:05 AM

Listed by: Julie May, Keller Williams Professionals Phone #: (828) 254-7253

MLS: CanopyMLS #4199024

CanopyMLS logo

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