tomo logo

$825,000

Beds
3
Baths
2.0
sq ft
1,800

1501 Thomas Avenue, Charlotte, NC 28205

1501 Thomas Avenue

Charlotte, NC 28205

  • <1 day on market
Welcome To The Most Charming 1930s Bungalow In Plaza Midwood’s Coveted Historic District! Just Two Blocks From Plaza Midwood’s Business District, You’re A Quick Two-Minute Walk To All The Shopping, Nightlife, Coffee Shops, & More The Neighborhood Is Known For. Plus, With All The Exciting New Businesses Opening On Pecan & Central, You're Just Three Blocks Away From A Future Of Upscale Shopping! Situated On A Corner Lot On Thomas Avenue, This Craftsman Bungalow Boasts One Of The Few Wraparound Porches In The Area, Perfect For Relaxing & Enjoying The Neighborhood. Incredible Features Include A Home Office Space With Original French Doors, Original Built-In Buffet, An Updated Kitchen (2019), New Tankless Water Heater (2024), New Roof (2023), & Updated HVAC Systems (2019 and 2021). Upstairs, A Spacious Bedroom Suite With Adjoining Sitting Room Offers Endless Possibilities, Ready To Be Transformed Into A Walk-In Closet Or More. This Is Your Chance To Own A Piece Of Thomas Avenue History!

Details

Property type

Single Family Residence

Est. home value

$799,387

Lot size

Unknown

Price per sq ft

$459

Year built

1930

Price History

10/18/2024
CanopyMLS

CanopyMLS #4192500

Listed
$825,000
+17.52%
05/17/2022
CanopyMLS

CanopyMLS #3846036

Sold
$702,000
+46.86%
01/08/2019
CanopyMLS

CanopyMLS #3446929

Sold
$478,000

Schools & Community

Neighborhood: 

Plaza Midwood

Elementary school: 

Shamrock Gardens

Middle school: 

Eastway

High school: 

Garinger

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

$137,114
Asking price
$825,000
Closing costs (~8% of asking)
-$66,000
Est. remaining loan balance
-$621,886
Cash to seller
$137,114

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

Seller’s Loan History

Lender

Guaranteed Rate Inc

Loan start date

May 2022

Original loan amount

$647,200

Est. remaining balance

$621,886

Interest rate

4.67%

Loan type

New Conventional, 30 year

Seller

Bret Buckler

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: 10/18/2024 at 2:20 PM

Listing updated: 10/18/2024 at 11:55 AM

Listed by: Jeff King, Savvy + Co Real Estate Phone #: (704) 330-8326

MLS: CanopyMLS #4192500

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