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$199,000

Beds
3
Baths
1.0
sq ft
1,366

1240 Hollywood Terrace, Albemarle, NC 28001

1240 Hollywood Terrace

Albemarle, NC 28001

  • 378 days on market
Beautifully renovated house, newly stained hardwood floors, luxury vinyl plank, and fresh paint inside and out. Almost an acre lot with detached double carport. Extra large crawl space for extra storage. Ready to move in! Can be a wonderful investment property or lovely first home to make your own. BRAND NEW HVAC SYSTEM INSTALLED 12/2023. Per the sellers, the lot can also be built on if one wishes to add a second house on the property.

Details

Property type

Single Family Residence

Est. home value

$133,593

Lot size

Unknown

Price per sq ft

$146

Year built

1927

Price History

04/04/2024
CanopyMLS

CanopyMLS #4082586

Removed
$199,000
01/30/2024
CanopyMLS

CanopyMLS #4082586

Listed
$199,000
12/22/2023
CanopyMLS

CanopyMLS #4082586

Listed
$199,000

Schools & Community

Elementary school: 

Unspecified

Middle school: 

Unspecified

High school: 

Unspecified

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

$180,171
Asking price
$199,000
Closing costs (~8% of asking)
-$15,920
Est. remaining loan balance
-$2,909
Cash to seller
$180,171

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

Seller’s Loan History

Lender

Suntrust Bank

Loan start date

September 2005

Original loan amount

$38,352

Est. remaining balance

$2,909

Interest rate

5.89%

Loan type

Not Provided, 20 year

Seller

Tong V Xiong and Go Xiong

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: 11/08/2024 at 10:35 AM

Listing updated: 09/20/2024 at 2:54 PM

Listed by: Khou Hale, The Lake Team LLC Phone #: (704) 879-5515

MLS: CanopyMLS #4082586

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Recently listed in Albemarle