tomo logo

$850,000

Beds
3
Baths
2.0
sq ft
1,850

12560 Us Hwy 601 South, Midland, NC 28107

12560 Us Hwy 601 South

Midland, NC 28107

  • 40 days on market
C 601 dual zoning in the Town of Midland, NC. allowing residential and commercial usage subject to the town of Midland's rules and regulations. Keep the buildings or tear down and build whatever meets your needs residentially or commercially. Located strategically on Highway 601 approximately .5 miles from 24/27(Albemarle Road) on a high traffic highway. Quick drive to I 485, Charlotte, Concord, Monroe and surrounding areas. There is a 2600 square feet workshop/garage (40/65) located behind the house that has dedicated 3 phase power, air outlets, full heat and air, 10' and 7' garage doors, separate area for office, water. Separate studio apartment on property. Sold as is.

Details

Property type

Single Family Residence

Est. home value

$823,193

Lot size

Unknown

Price per sq ft

$460

Year built

1960

Price History

05/25/2024
CanopyMLS

CanopyMLS #4144588

Listed
$850,000
05/10/2024
CanopyMLS

CanopyMLS #4003637

Removed
$850,000
12/25/2023
CanopyMLS

CanopyMLS #4003637

Listed
$850,000
+126.67%

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

$507,509
Asking price
$850,000
Closing costs (~8% of asking)
-$68,000
Est. remaining loan balance
-$274,491
Cash to seller
$507,509

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

Seller’s Loan History

Lender

Inwood National Bank

Loan start date

February 2020

Original loan amount

$300,000

Est. remaining balance

$274,491

Interest rate

3.74%

Loan type

New Conventional, 30 year

Seller

Malek Macaron and Maya C Macaron

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: 07/04/2024 at 10:55 PM

Listing updated: 05/26/2024 at 5:03 AM

Listed by: Debra Price, Debra Lynn Price Phone #: (704) 309-7358

MLS: CanopyMLS #4144588

CanopyMLS logo

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