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$349,900

Beds
3
Baths
2.5
sq ft
2,400

1303 Cherry Drive, Burlington, NC 27215

1303 Cherry Drive

Burlington, NC 27215

  • 4 days on market
Discover this charming 3-bedroom, 2-bathroom home situated in a peaceful Burlington neighborhood. With 1,400 square feet of living space, this property offers excellent potential for personalization and modern updates. The home's city lot provides ample space for outdoor activities and future landscaping possibilities. Inside, you'll find a functional layout ready for your creative vision. The property features valuable storage options throughout, making organization effortless. A versatile basement adds extra living or storage space, enhancing the home's overall utility. Convenient parking arrangements accommodate residents and guests alike. The location offers easy access to transportation hubs, with Burlington Station just minutes away. The property's proximity to Alamance Crossing provides excellent shopping and dining options. Perfect for those seeking a solid foundation to build their dream home, this property combines renovation potential with an established neighborhood setting. Whether you're a first-time homebuyer or looking for an investment opportunity, this Burlington home offers both comfort and possibility.

Details

Property type

Single Family Residence

Est. home value

$347,114

Lot size

0.92 acres

Price per sq ft

$146

Year built

1978

Annual property taxes

$3,322

Price History

03/05/2025
TriangleMLS

TriangleMLS #10080267

Listed
$349,900
+34.58%
01/19/2022
TriangleMLS

TriangleMLS #2417906

Sold
$260,000
+69.93%
02/08/2018
TriangleMLS

TriangleMLS #2150688

Sold
$153,000

Schools & Community

Elementary school: 

Alamance - Marvin B Smith

Middle school: 

Alamance - Turrentine

High school: 

Alamance - Walter Williams

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

$84,034
Asking price
$349,900
Closing costs (~8% of asking)
-$27,992
Est. remaining loan balance
-$237,874
Cash to seller
$84,034

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

Seller’s Loan History

Lender

Carrington Mortgage Services Llc

Loan start date

August 2023

Original loan amount

$244,200

Est. remaining balance

$237,874

Interest rate

6.69%

Loan type

FHA, 25 year

Seller

Denise R Lauer and Michael Jude Lauer

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: 03/10/2025 at 4:40 AM

Listing updated: 03/05/2025 at 9:25 PM

Listed by: Vivian Sweatt, Sweatt Realty, LLC Phone #: (336) 516-5777

MLS: TriangleMLS #10080267

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