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$104,000

Beds
2
Baths
1.5
sq ft
1,172

110 Arch St, Cumberland, MD 21502

110 Arch St

CUMBERLAND, MD 21502

  • 101 days on market
    • Price drop $1,000↓
The home is being sold subject to the existing lease. A lovely 2 bedroom, 1.5 bath home! This home features a spacious living room, an eat-in kitchen with plenty of cabinets, central air conditioning, and a main-level laundry room. A mud room is conveniently located for rear entry from the carport and garage. Enjoy the patio area and large, fenced-in yard.

Details

Property type

Single Family Residence

Est. home value

$93,368

Lot size

3,950 sq ft

Price per sq ft

$89

Year built

1910

Annual property taxes

$1,455

HOA

No

Price History

11/30/2024
Bright

Bright #MDAL2009900

Price change
$104,000
-0.95%
10/09/2024
Bright

Bright #MDAL2009900

Price change
$105,000
-4.55%
09/12/2024
Bright

Bright #MDAL2009900

Listed
$110,000
+54.93%

Schools & Community

Neighborhood: 

Chapel Hill-Virginia Avenue

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

ALLEGANY COUNTY PUBLIC 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

$44,117
Asking price
$104,000
Closing costs (~8% of asking)
-$8,320
Est. remaining loan balance
-$51,563
Cash to seller
$44,117

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

Seller’s Loan History

Lender

Paramount Residential Mortgage Group Inc

Loan start date

July 2020

Original loan amount

$56,800

Est. remaining balance

$51,563

Interest rate

3.21%

Loan type

New Conventional, 30 year

Seller

Jeanette S Holmes

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: 12/22/2024 at 10:40 AM

Listing updated: 11/30/2024 at 3:24 PM

Listed by: Cherry C Sorzano, Long & Foster Real Estate, Inc. Phone #: (703) 573-2600

MLS: Bright #MDAL2009900

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