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$184,900

Beds
3
Baths
1.5
sq ft
1,829

109 Oakland Avenue, Broadway, NC 27505

109 Oakland Avenue

Broadway, NC 27505

  • 120 days on market
    • Price drop $14,600↓
Priced at $184,900, this charming farmhouse in Broadway, NC, offers a unique blend of history and convenience. Although listed as a 1957 build, this home is believed to be closer to 100 years old, adding to its character. With 3 bedrooms, 1.5 baths, a living room, den, sunroom, and a wraparound porch, this 1,829 sq. ft. residence is nestled on 0.80 acres. Recent updates include a partial roof replacement in 2017, a new heat pump in 2015, and updated vinyl siding. The home features multiple fireplaces, though they have been capped over the years. Located just off Main Street, behind Los Charros & Woodard Family BBQ & Grill on Oakland Ave, this property is within walking distance to everything Broadway has to offer—from local restaurants to grocery shopping and even the local ball field. This historic gem is ready for its new owners to make it their own.

Details

Property type

Single Family Residence

Est. home value

$237,325

Lot size

0.80 acres

Price per sq ft

$102

Year built

1957

Price History

10/26/2024
LongleafPine

LongleafPine #731045

Price change
$184,900
-7.32%
10/04/2024
LongleafPine

LongleafPine #731045

Price change
$199,500
-4.95%
09/17/2024
LongleafPine

LongleafPine #731045

Price change
$209,900
-6.67%

Schools & Community

Elementary school: 

Unknown

Middle school: 

East Lee Middle

High school: 

Lee County High

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

$37,233
Asking price
$184,900
Closing costs (~8% of asking)
-$14,792
Est. remaining loan balance
-$132,875
Cash to seller
$37,233

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

Seller’s Loan History

Lender

American Financial Network Inc

Loan start date

November 2021

Original loan amount

$142,315

Est. remaining balance

$132,875

Interest rate

3.01%

Loan type

FHA, 30 year

Seller

Fredrick A Cotton and Paige Hough

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?

Status: Active

Tomo last checked: 12/23/2024 at 8:25 PM

Listing updated: 12/17/2024 at 8:38 AM

Listed by: CHRIS TACIA, COLDWELL BANKER ADVANTAGE #5 (SANFORD) Phone #: (919) 230-9800

MLS: LongleafPine #731045

LongleafPine logo

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