tomo logo

$174,900

Beds
3
Baths
2.0
sq ft
1,391

1101 North Elm Street Unit 508, Greensboro, NC 27401

1101 North Elm Street Unit 508

Greensboro, NC 27401

  • 61 days on market
    • Price drop $5,000↓
Unit 508 is a corner unit on the fifth floor of The Hampshire with Northeast facing view. This unit has been remodeled and features an open living and dining room with built-in shelving, wine rack, and original hardwood floors. A fabulous kitchen boasts designer cabinets, open shelving, stainless steel appliances, quartz countertops, custom molding, and hardwood floors. The hall full bath with separate shower and tub, refreshed cabinetry and lighting is accessible to all living areas. The primary bedroom has a walk-in closet and an en-suite with separate shower, vanity with solid surface countertop, and updated lighting. There are two additional bedrooms, one that could be used as an office. The unit has generous storage and closets. Amenities include fitness center, pool, fitness center, business center and library. HOA dues include all utilities except phone. Convenient to major roads, downtown businesses, entertainment, cultural centers, restaurants and medical facilities.

Details

Property type

Condominium

Est. home value

$175,427

Lot size

436 sq ft

Price per sq ft

$126

Year built

1963

Annual property taxes

$1,613.45

Monthly HOA fee

$899.76

Price History

12/06/2024
TriadMLS

TriadMLS #1160610

Price change
$174,900
-2.78%
10/21/2024
TriadMLS

TriadMLS #1160610

Listed
$179,900
+344.2%
12/12/2014
TriadMLS

TriadMLS #713633

Sold
$40,500

Schools & Community

Elementary school: 

Irving Park

Middle school: 

Mendenhall

High school: 

Page

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

$66,443
Asking price
$174,900
Closing costs (~8% of asking)
-$13,992
Est. remaining loan balance
-$94,465
Cash to seller
$66,443

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

Seller’s Loan History

Lender

Envoy Mortgage Ltd

Loan start date

January 2021

Original loan amount

$103,500

Est. remaining balance

$94,465

Interest rate

2.71%

Loan type

New Conventional, 30 year

Seller

Barry L Mantel

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: 12/22/2024 at 6:50 AM

Listing updated: 12/18/2024 at 3:51 PM

Listed by: Sherry Craven, Berkshire Hathaway HomeServices Yost & Little Realty Phone #: (336) 272-0151

MLS: TriadMLS #1160610

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