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$205,000

Beds
2
Baths
2.0
sq ft
1,572

119 East May Street, New London, NC 28127

119 East May Street

New London, NC 28127

  • 199 days on market
    • Price drop $5,000↓
This is your chance to snag this over-100-year-old home in the quaint town of New London. In the North Stanly School district and close to the town park. Almost 3-quarter acre open lot with a fenced-in backyard and storage building. Enjoy the tranquillity of the neighborhood while sitting on your screened porch. This home offers 2 bedrooms and 2 full baths. Large family room in the back for extra space as well as a spacious den. The roof and water heater are only a few years old. Make this property an investment or your next family home. Bring all offers.

Details

Property type

Single Family Residence

Est. home value

$205,091

Lot size

Unknown

Price per sq ft

$131

Year built

1920

Price History

10/07/2024
CanopyMLS

CanopyMLS #4137439

Price change
$205,000
-2.38%
07/20/2024
CanopyMLS

CanopyMLS #4137439

Price change
$210,000
-4.11%
06/20/2024
CanopyMLS

CanopyMLS #4137439

Price change
$219,000
-2.67%

Schools & Community

Elementary school: 

Richfield

Middle school: 

North Stanly

High school: 

North Stanly

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

$100,952
Asking price
$205,000
Closing costs (~8% of asking)
-$16,400
Est. remaining loan balance
-$87,648
Cash to seller
$100,952

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

Seller’s Loan History

Lender

Uwharrie Bank

Loan start date

October 2019

Original loan amount

$97,750

Est. remaining balance

$87,648

Interest rate

3.6%

Loan type

New Conventional, 30 year

Seller

Richard Edward Carlock

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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172 S Cardinal Dr, New London, NC 28127

Status: Active

Tomo last checked: 11/23/2024 at 12:00 PM

Listing updated: 10/22/2024 at 4:50 PM

Listed by: Emily Bigford, EXP Realty LLC Mooresville Phone #: (888) 584-9431

MLS: CanopyMLS #4137439

CanopyMLS logo

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