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$825,000

Beds
3
Baths
3.0
sq ft
3,684

105 Lakewood Drive, Aberdeen, NC 28315

105 Lakewood Drive

Aberdeen, NC 28315

  • 193 days on market
    • Price drop $25,000↓
***SIGNIFICANT PRICE REDUCTION***Discover the ultimate blend of rustic charm and modern amenities with this stunning custom log home, perfectly situated on over an acre of pristine lakefront property, surrounded on 3 sides by woodland and Lake Diamond on the 4th. This private retreat offers an unparalleled lifestyle and a fantastic investment opportunity. With 5 potential bedrooms and 3 bathrooms, this home is perfect for large families, hosting guests or as a vacation rental. The lower level has a private entrance and one of the storage rooms can easily be converted into a second kitchen, enabling the downstairs to be used as a 2 bedroom/1 bath in-law apartment or as a separate rental unit. Enjoy privacy as you take in breathtaking views across the lake and nearby conservation land from your own backyard, providing a serene and tranquil setting for relaxation and recreation. Nestled on over an acre of land, this property offers ample space for outdoor activities, gardening, or simply enjoying nature. Enjoy outdoor dining and relaxation on the expansive deck overlooking the lake, or take advantage of the private lake for boating and fishing. Experience the peace of mind and security of living in an exclusive gated community just a short 10-minute drive to Pinehurst Village, known for its charming shops, gourmet restaurants, and world renowned golf courses. With a proven rental history, this property is not just a home but a smart investment. Whether you're looking for a primary residence, a vacation home, or an investment property, this custom log home is the perfect choice. **Please note that the current septic permit is for 3 bedrooms, however, the current owner has received permit approval for a 5 bedroom septic system** The current owner has periodically been renting it as a short term vacation rental with 6/7 bedrooms.

Details

Property type

Single Family Residence

Est. home value

$583,325

Lot size

1.13 acres

Price per sq ft

$224

Year built

2002

Annual property taxes

$2,193.97

HOA fee

$325

Price History

10/16/2024
NorthCarolinaRegional

NorthCarolinaRegional #100450249

Price change
$825,000
-2.94%
07/09/2024
NorthCarolinaRegional

NorthCarolinaRegional #100450249

Price change
$850,000
-2.86%
06/13/2024
NorthCarolinaRegional

NorthCarolinaRegional #100450249

Listed
$875,000

Schools & Community

Elementary school: 

Aberdeeen Elementary

Middle school: 

West Pine Middle

High school: 

Pinecrest High

High school district: 

Moore County Schools

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

$563,476
Asking price
$825,000
Closing costs (~8% of asking)
-$66,000
Est. remaining loan balance
-$195,524
Cash to seller
$563,476

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

Seller’s Loan History

Lender

Carolina Bank

Loan start date

July 2013

Original loan amount

$260,000

Est. remaining balance

$195,524

Interest rate

3.98%

Loan type

New Conventional, 30 year

Seller

Daretha A Hodges

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: 12/23/2024 at 9:35 AM

Listing updated: 10/16/2024 at 4:12 PM

Listed by: Valerie McKean, Century 21 - Sterling Real Estate Phone #: (910) 420-1430

MLS: NorthCarolinaRegional #100450249

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