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$180,000

Beds
2
Baths
1.0
sq ft
1,626

118 Elk Dell Lane, Zirconia, NC 28790

118 Elk Dell Lane

Zirconia, NC 28790

  • 27 days on market
    • Price drop $10,000↓
Constructed in 1950, 118 Elk Dell Lane presents a rare opportunity to buyers looking to invest in a property with incredible potential. This sale includes both two parcels, one with existing home, totaling 2.91 acres. The adjacent lot was previously intended for development but previous owners went another direction. Located with convenient access to local highways this home is in need of extensive renovations, offering a blank canvas to those with a vision. The home sustained a tree fall from Hurricane Helene and requires significant repairs throughout, including water damage. Part of the homes roof has also failed resulting in the loss of use of a bedroom. Spacious Layout of the Living area and kitchen Secondary building onsite allowed for easy access to storage. With work, this property could be transformed into a home with stunning potential. Shown by appointment only, no drive-bys please.

Details

Property type

Single Family Residence

Est. home value

$322,639

Lot size

Unknown

Price per sq ft

$111

Year built

1950

Price History

12/06/2024
CanopyMLS

CanopyMLS #4203046

Price change
$180,000
-5.26%
11/26/2024
CanopyMLS

CanopyMLS #4203046

Listed
$190,000
+11.76%
02/14/2018
CanopyMLS

CanopyMLS #3317252

Sold
$170,000

Schools & Community

Elementary school: 

Hillandale

Middle school: 

Flat Rock

High school: 

East Henderson

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

$21,349
Asking price
$180,000
Closing costs (~8% of asking)
-$14,400
Est. remaining loan balance
-$144,251
Cash to seller
$21,349

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

Seller’s Loan History

Lender

Atlantic Bay Mortgage

Loan start date

February 2018

Original loan amount

$166,920

Est. remaining balance

$144,251

Interest rate

3.99%

Loan type

FHA, 30 year

Seller

Pennie N Keith and Kelvin D Keith

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 10:25 AM

Listing updated: 12/13/2024 at 9:44 AM

Listed by: Brandon McNabb, Keller Williams Mtn Partners, LLC Phone #: (828) 290-1000

MLS: CanopyMLS #4203046

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