tomo logo

$400,000

Beds
3
Baths
2.5
sq ft
1,837

117 West Morehouse Avenue, Mooresville, NC 28117

117 West Morehouse Avenue

Mooresville, NC 28117

  • 89 days on market
    • Price drop $15,000↓
Beautiful Saussy Burbank home with Primary on the main level and community lake access. Open floor plan with 9ft. ceilings, upgraded wood molding and trim throughout. Primary Bedroom with bay window, dual walk in closets, en suite bath with tile surround garden tub, and dual sinks. Kitchen features 42” Maple cabinets, granite countertops, breakfast bar, pantry and ample storage. Black stainless steel Kitchen refrigerator included. Second floor features 2 additional bedrooms, a full bathroom with dual sinks and spacious loft with closet. Detached front load 2 car garage with extra electrical outlets and insulation, perfect for a workshop area. Side access door to the back yard. Garage refrigerator included. Homeowner responsible for mowing the community grass area behind the garage to the edge of the trees. Community has lake access to launch kayak/paddle board, outdoor pool, Kiddie pool/splash pad and playground.

Details

Property type

Single Family Residence

Est. home value

$405,955

Lot size

Unknown

Price per sq ft

$218

Year built

2008

Monthly HOA fee

$56.72

Price History

10/26/2024
CanopyMLS

CanopyMLS #4185849

Price change
$400,000
-3.61%
09/28/2024
CanopyMLS

CanopyMLS #4185849

Listed
$415,000
+18.23%
07/15/2021
CanopyMLS

CanopyMLS #3741944

Sold
$351,000

Schools & Community

Elementary school: 

Lakeshore

Middle school: 

Lakeshore

High school: 

Lake Norman

Community features: 

Playground, Sidewalks, Street Lights

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

$68,020
Asking price
$400,000
Closing costs (~8% of asking)
-$32,000
Est. remaining loan balance
-$299,980
Cash to seller
$68,020

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

Seller’s Loan History

Lender

Wyndham Capital Mortgage Inc

Loan start date

July 2021

Original loan amount

$323,950

Est. remaining balance

$299,980

Interest rate

3%

Loan type

New Conventional, 30 year

Seller

James William Bowen Iii and Elizabeth Berrien Ruth

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 12:50 AM

Listing updated: 11/18/2024 at 9:10 AM

Listed by: Stephanie Richart, Allen Tate Mooresville/Lake Norman Phone #: (704) 664-9333

MLS: CanopyMLS #4185849

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