tomo logo

$221,000

Beds
3
Baths
2.0
sq ft
1,045

108 Terrace Drive, Bessemer City, NC 28016

108 Terrace Drive

Bessemer City, NC 28016

  • 160 days on market
    • Price drop $2,000↓
    • Open house Jan 23
Seller may consider buyer concessions if made in an offer. Welcome to your future home, boasting a tasteful neutral color paint scheme that creates a serene and inviting atmosphere. The kitchen is a chef's dream with all stainless steel appliances, ensuring durability and style. Step outside onto the deck, perfect for entertaining or simply enjoying a quiet morning coffee. The fenced-in backyard offers privacy and space for outdoor activities. This home is waiting for you to add your personal touch and make it your own.

Details

Property type

Single Family Residence

Est. home value

$220,631

Lot size

Unknown

Price per sq ft

$212

Year built

1992

Price History

01/09/2025
CanopyMLS

CanopyMLS #4172868

Price change
$221,000
-0.9%
11/19/2024
CanopyMLS

CanopyMLS #4172868

Listed
$223,000
11/14/2024
CanopyMLS

CanopyMLS #4172868

Pending
$223,000

Schools & Community

Elementary school: 

Bessemer City

Middle school: 

Bessemer City

High school: 

Bessemer City

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

$86,971
Asking price
$221,000
Closing costs (~8% of asking)
-$17,680
Est. remaining loan balance
-$116,349
Cash to seller
$86,971

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

Seller’s Loan History

Lender

Alcova Mortgage Llc

Loan start date

May 2020

Original loan amount

$129,000

Est. remaining balance

$116,349

Interest rate

3.33%

Loan type

New Conventional, 30 year

Seller

Stephanie Lee Michalowski

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?

Similar Homes Nearby

Price drop
CanopyMLS
$210,000
3 bd
|
2 ba
|
1,316 sq ft
|
House

108 South Inman Avenue, Bessemer City, NC 28016

CanopyMLS
$224,900
3 bd
|
2 ba
|
1,200 sq ft
|
House

1033 North Oakwood Street, Gastonia, NC 28052

CanopyMLS
$219,900
3 bd
|
1.5 ba
|
1,359 sq ft
|
House

723 Chestnut Ridge Church Road, Kings Mountain, NC 28086

Status: Active

Tomo last checked: 01/23/2025 at 1:55 AM

Listing updated: 01/22/2025 at 7:10 PM

Listed by: Whitney Hunt-Sailors, Opendoor Brokerage LLC Phone #: (480) 462-5392

MLS: CanopyMLS #4172868

CanopyMLS logo