tomo logo

$248,000

Beds
2
Baths
2.0
sq ft
1,002

1505 Cadfel Court Unit 206, Wilmington, NC 28412

1505 Cadfel Court Unit 206

Wilmington, NC 28412

  • 43 days on market
Wonderful condo in the heart of Midtown Wilmington! This stunning two-bedroom, two-bathroom unit combines modern elegance with ultimate comfort; it provides the best of urban living with a touch of luxury. Step inside to discover luxurious LVP flooring that flows through the living room hallway and both bedrooms. Ceramic tile flooring on bathrooms, kitchen and laundry-closet areas. The spacious kitchen boasts sleek appliances and ample counter space next to the dining area, perfect for culinary adventures, casual and/or formal dining. Both bedrooms are generously sized, offering serene retreats with abundant natural light. The primary suite includes a private bathroom, while the second full bath ensures convenience for guests or family. Recent upgrades include top-of-the-line HVAC equipment, providing year-round comfort and energy efficiency. You'll be a short distance away from trendy restaurants, shopping, and entertainment. Easy access to everything Wilmington has to offer. Don't miss the opportunity to make this stylish, move-in-ready condo your own! Owner intends to do a 1031 Exchange. Schedule your virtual or in-person showing today...

Details

Property type

Condominium

Est. home value

$218,934

Lot size

Unknown

Price per sq ft

$248

Year built

2006

HOA fee

$2,419.08

Price History

12/11/2024
NorthCarolinaRegional

NorthCarolinaRegional #100479523

Price change
$248,000
+99900%
12/11/2024
NorthCarolinaRegional

NorthCarolinaRegional #100479523

Listed
$248
-99.89%
10/18/2024
NorthCarolinaRegional

NorthCarolinaRegional #100463941

Removed
$230,000

Schools & Community

Elementary school: 

Alderman

Middle school: 

Williston

High school: 

Ashley

Community features: 

Pool

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

$124,220
Asking price
$248,000
Closing costs (~8% of asking)
-$19,840
Est. remaining loan balance
-$103,940
Cash to seller
$124,220

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

Seller’s Loan History

Lender

Alpha Mortgage Corp

Loan start date

June 2021

Original loan amount

$112,650

Est. remaining balance

$103,940

Interest rate

3.04%

Loan type

New Conventional, 30 year

Seller

Edward Pino Madera and Leonor Freites Pino

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: 01/22/2025 at 9:40 PM

Listing updated: 01/22/2025 at 1:17 PM

Listed by: Gerardo J Andrade, STA Realty LLC Phone #: (910) 264-1894

MLS: NorthCarolinaRegional #100479523

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