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$400,000

Beds
3
Baths
2.0
sq ft
2,574

1402 Gormly Circle, Sanford, NC 27330

1402 Gormly Circle

Sanford, NC 27330

  • 34 days on market
    • Price drop $25,000↓
Nestled in Westlake Valley, this 3-bedroom, 2-bathroom home features a first-floor master, an inviting living room, and a dining room perfect for entertaining. Enjoy meals in the eat-in kitchen or on the deck overlooking a fire pit-equipped patio. Complete with a fenced backyard, basement, 2-car garage, and private outdoor space, its prime location across from the Westlake Swim & Racquet Club makes it a must-have. Location, Location, Location!

Details

Property type

Single Family Residence

Est. home value

$404,521

Lot size

0.84 acres

Price per sq ft

$156

Year built

1987

Price History

06/17/2024
LongleafPine

LongleafPine #725368

Price change
$400,000
-5.88%
05/31/2024
LongleafPine

LongleafPine #725368

Listed
$425,000
+38.44%
07/06/2021
TriangleMLS

TriangleMLS #LP661287

Sold
$307,000

Schools & Community

Elementary school: 

Lee - Tramway

Middle school: 

Lee - West Lee

High school: 

Lee County High

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

$172,297
Asking price
$400,000
Closing costs (~8% of asking)
-$32,000
Est. remaining loan balance
-$195,703
Cash to seller
$172,297

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

Seller’s Loan History

Lender

North State Bank

Loan start date

June 2021

Original loan amount

$209,300

Est. remaining balance

$195,703

Interest rate

2.96%

Loan type

New Conventional, 30 year

Seller

Christopher David Register

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: 07/04/2024 at 10:55 PM

Listing updated: 06/17/2024 at 10:54 AM

Listed by: ELIZABETH SMITH, SMITH GROUP REALTY LLC Phone #: (919) 718-9027

MLS: LongleafPine #725368

LongleafPine logo

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