tomo logo

$1,250,000

Beds
4
Baths
4.0
sq ft
3,216

1505 Luther Street, Charlotte, NC 28204

1505 Luther Street

Charlotte, NC 28204

  • 39 days on market
    • Price drop $50,000↓
One of a kind modern, luxurious home in the heart of Charlotte, minutes from uptown & just steps to Cherry & Midtown Park, the Greenway, restaurants, shopping, hospitals & more! Enjoy summer nights w/the built-in firepit, outdoor kitchen, or views of the city skyline from one of the three terraces. The kitchen is a chef's delight, boasting a large island w/seating, gas range, built-in pot filler, tile backsplash, marble countertops, walk-in pantry & stainless-steel appliances. Lounge in the living room w/natural gas fireplace. The open concept floorplan is ideal for entertaining. A home office on the main floor is suitable for remote working or private study. Three bedrooms sit on the second floor, including two secondary bedrooms w/access to a full hall bath. The primary suite boasts an ensuite bath w/soaking tub, dual vanities, glass enclosed shower & private terrace. A spacious bed/bonus is found on the third floor w/full bath & two large terraces w/unmatched views of the skyline.

Details

Property type

Single Family Residence

Est. home value

$1,265,263

Lot size

Unknown

Price per sq ft

$389

Year built

2019

Price History

09/03/2024
CanopyMLS

CanopyMLS #4170533

Price change
$1,250,000
-3.85%
08/11/2024
CanopyMLS

CanopyMLS #4170533

Listed
$1,300,000
+63.52%
02/25/2020
CanopyMLS

CanopyMLS #3546599

Sold
$795,000
+238.3%

Schools & Community

Neighborhood: 

Cherry

Elementary school: 

Unspecified

Middle school: 

Unspecified

High school: 

Unspecified

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

$571,211
Asking price
$1,250,000
Closing costs (~8% of asking)
-$100,000
Est. remaining loan balance
-$578,789
Cash to seller
$571,211

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

Seller’s Loan History

Lender

Bank Of America Na

Loan start date

February 2020

Original loan amount

$636,000

Est. remaining balance

$578,789

Interest rate

3.64%

Loan type

New Conventional, 30 year

Seller

Jeremias Botelho and Jessica Botelho

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: 09/20/2024 at 2:40 AM

Listing updated: 09/03/2024 at 10:54 AM

Listed by: Reid Baxter, RE/MAX Executive Phone #: (704) 405-8800

MLS: CanopyMLS #4170533

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