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$280,000

Beds
3
Baths
2.5
sq ft
1,285

111 Lantern Way, Carrboro, NC 27510

111 Lantern Way

Carrboro, NC 27510

  • 71 days on market
    • Price drop $10,000↓
With the recent price reduction this property is priced incredibly well - don't miss this opportunity for a 3 bedroom end unit townhome in Carrboro for 280k!. Luxury vinyl plank floors, updated lighting fixtures, and a new HVAC was installed in 2023. The kitchen features a subway tile backsplash and all appliances convey including the fridge, washer and dryer. Enjoy peaceful wooded views from the sliding glass door and deck - the home backs to woods. Sellers are willing to pay for Rice's Glass quote to repair the foggy windows as well, see attached in docs. Great location - bike to downtown Carrboro or UNC. Open Eye Cafe, Steel String Brewery, Neal's Deli, and more are all about a half mile away. The J route bus stop by the traffic circle is only 0.3 miles away as well. Super convenient to everything!

Details

Property type

Townhouse

Est. home value

$301,134

Lot size

1,306.8 sq ft

Price per sq ft

$218

Year built

1984

Annual property taxes

$3,352

Monthly HOA fee

$249

Price History

11/18/2024
TriangleMLS

TriangleMLS #10052347

Price change
$280,000
-3.45%
10/14/2024
TriangleMLS

TriangleMLS #10052347

Price change
$290,000
-3.33%
10/03/2024
TriangleMLS

TriangleMLS #10052347

Price change
$300,000
-4.76%

Schools & Community

Elementary school: 

CH/Carrboro - Northside

Middle school: 

CH/Carrboro - McDougle

High school: 

CH/Carrboro - Carrboro

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

$49,351
Asking price
$280,000
Closing costs (~8% of asking)
-$22,400
Est. remaining loan balance
-$208,249
Cash to seller
$49,351

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

Seller’s Loan History

Lender

State Employees Cu

Loan start date

June 2021

Original loan amount

$225,000

Est. remaining balance

$208,249

Interest rate

2.96%

Loan type

New Conventional, 30 year

Seller

Michelle R M Warncke and Philip Warncke

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: 11/23/2024 at 9:45 AM

Listing updated: 11/18/2024 at 4:55 PM

Listed by: Ryan Cassidy, Mallard Realty Group Phone #: (919) 696-4254

MLS: TriangleMLS #10052347

TriangleMLS logo

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