tomo logo

$504,900

Beds
3
Baths
2.5
sq ft
2,690

1502 Bahama Road, Bahama, NC 27503

1502 Bahama Road

Bahama, NC 27503

  • 70 days on market
    • Price drop $5,000↓
Imagine living in a property that was once the historic Umstead House, the childhood home of William Bradley Umstead, a distinguished U.S. Congressman and Governor of North Carolina in the 1950s. Built in 1915, nestled on a spacious 0.83 acre lot, this colonial gem boasts beautiful pine floors, soaring high ceilings, and an updated kitchen that complements its historic charm. Experience the serenity and timeless elegance of this home, where classic architecture meets modern luxury.

Details

Property type

Single Family Residence

Est. home value

$338,541

Lot size

0.83 acres

Price per sq ft

$188

Year built

1915

Annual property taxes

$870.43

Price History

10/15/2024
TriangleMLS

TriangleMLS #10052742

Price change
$504,900
-0.98%
09/14/2024
TriangleMLS

TriangleMLS #10052742

Listed
$509,900
+13.31%
08/26/2024
TriangleMLS

TriangleMLS #10031890

Removed
$450,000

Schools & Community

Elementary school: 

Durham - Mangum

Middle school: 

Durham - Lucas

High school: 

Durham - Northern

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

$204,681
Asking price
$504,900
Closing costs (~8% of asking)
-$40,392
Est. remaining loan balance
-$259,827
Cash to seller
$204,681

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

Seller’s Loan History

Lender

Cmg Mortgage Inc

Loan start date

January 2022

Original loan amount

$276,372

Est. remaining balance

$259,827

Interest rate

3.1%

Loan type

New Conventional, 30 year

Seller

Joel Sanchez Figueroa and Tania A Reyes Dominguez

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: 11/23/2024 at 1:35 AM

Listing updated: 10/20/2024 at 1:36 PM

Listed by: Patricia Santibanez, Movil Realty Phone #: (919) 908-8000

MLS: TriangleMLS #10052742

TriangleMLS logo

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