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$499,900

Beds
3
Baths
2.0
sq ft
1,501

109 Forest Hill Road, Lexington, NC 27295

109 Forest Hill Road

Lexington, NC 27295

  • Pending
    • Price drop $100,000↓
Brick Ranch Property** with RA3 zoning. According to the county, it may be eligible for commercial zoning. The seller mentions that the city plans to install fencing along the right side across the back of the property. Currently, this property is not within city limits, offering great potential for rezoning for commercial use- ideal for a store, gas station, restaurant, and more. Situated on a spacious 1.52-acre lot.

Details

Property type

Single Family Residence

Est. home value

$254,924

Lot size

1.52 acres

Price per sq ft

$334

Year built

1961

Annual property taxes

$1,196.52

Price History

03/04/2025
TriadMLS

TriadMLS #1162142

Pending
$499,900
02/21/2025
TriadMLS

TriadMLS #1162142

Price change
$499,900
-16.67%
11/06/2024
TriadMLS

TriadMLS #1162142

Listed
$599,900
-7.69%

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Quicken Loans Llc

Loan start date

June 2021

Original loan amount

$161,573

Est. remaining balance

$148,013

Interest rate

2.97%

Loan type

FHA, 30 year

Seller

Kenneth Paul Lile and Helen Mary Westerlund

Lender

Central Trust Bank

Loan start date

December 2019

Original loan amount

$146,202

Est. remaining balance

$130,488

Interest rate

3.69%

Loan type

FHA, 30 year

Seller

Kenneth Paul Lile and Helen Mary Westerlund

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: Pending/Under Contract

Tomo last checked: 04/09/2025 at 2:25 PM

Listing updated: 03/03/2025 at 9:51 PM

Listed by: Louis W Odell, Terri Bias and Associates Phone #: (336) 399-7726

MLS: TriadMLS #1162142

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