tomo logo

$507,900

Beds
4
Baths
2.5
sq ft
2,817

125 Sugar Magnolia Drive, Mooresville, NC 28115

125 Sugar Magnolia Drive

Mooresville, NC 28115

  • 14 days on market
    • Price drop $11,609↓
Welcome to this stunning 4-bedroom, 2.5-bath home inviting you in with its beautiful landscaping and arched entryway. As you enter the foyer, you find a versatile front flex space ideal for an office. As you move through the hallway, you’re greeted by a spacious open floor plan. The expansive kitchen offers ample counter space, abundant cabinetry, stainless steel appliances, an eat-at bar, and a walk-in pantry. Large windows at the back flood the space with natural light and provide a view of the backyard. The backyard is a true outdoor oasis, featuring a spacious yard, a stone patio with a built-in grill, a pergola for shade, and a fully fenced area—perfect for relaxation and entertaining. The primary bedroom is conveniently located on the main level, complete with a tray ceiling, double vanity, soaking tub, walk-in shower, and a walk-in closet. Upstairs, you’ll find a cozy family room and three additional bedrooms. This home is perfect for comfortable living and entertaining!

Details

Property type

Single Family Residence

Est. home value

$481,727

Lot size

Unknown

Price per sq ft

$181

Year built

2013

HOA fee

$95.24

Price History

09/10/2024
CanopyMLS

CanopyMLS #4177561

Price change
$507,900
-2.23%
09/06/2024
CanopyMLS

CanopyMLS #4177561

Listed
$519,509
+15.45%
06/22/2022
CanopyMLS

CanopyMLS #3858210

Sold
$450,000

Schools & Community

Elementary school: 

Park View / East Mooresville IS

Middle school: 

Selma Burke

High school: 

Mooresville

Community features: 

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

$119,389
Asking price
$507,900
Closing costs (~8% of asking)
-$40,632
Est. remaining loan balance
-$347,879
Cash to seller
$119,389

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 Group Llc

Loan start date

June 2022

Original loan amount

$360,000

Est. remaining balance

$347,879

Interest rate

5.1%

Loan type

New Conventional, 30 year

Seller

James David Petrea and Kristina Keating

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: 09/19/2024 at 5:10 AM

Listing updated: 09/10/2024 at 4:54 PM

Listed by: Kenneth Yates, NextHome Paramount Phone #: (704) 608-7519

MLS: CanopyMLS #4177561

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