tomo logo

$443,614

Beds
2
Baths
1.0
sq ft
1,021

1506 Echo Road, Durham, NC 27707

1506 Echo Road

Durham, NC 27707

  • 8 days on market
CLASSIC CHARM + MODERN UPDATES in a FANTASTIC URBAN LOCATION: Take advantage this home's 2019 ''down to the studs'' renovation! Enter + see a Spacious 20 x 22 OPEN CONCEPT FLOOR PLAN Kitchen-Dining-Living Area with 11' CATHEDRAL CEILING; Relax in the 12 x 20 LIVING ROOM with bright windows overlooking SHADED BACKYARD; Entertain friends seated at the GENEROUS 4 X 9 QUARTZ COUNTERED BAR/ISLAND while cooking on the KITCHEN AID GAS STOVE (Check out the stylish Custom TIFFANY STYLE DRUM ISLAND LIGHTS); Beautiful BATHROOM features CUSTOM SHOWER (with Subway Tile + Glass Tile Accents); NEW in 2019: Roof, Windows, Insulation, All Plumbing (incl water heater) + Electrical (incl panel), Refinished Hardwood Floors, Ext + Int Paint; Seller Replaced HVAC (Gaspack) 2023 (plus New 2019 Ductwork); Stacked LG Clothes W+D (2019) conveys; ALL HARDWOOD FLOORS (except tile in bath); 43 x 70 FENCED BACK YARD plus FULL BASEMENT too!

Details

Property type

Single Family Residence

Est. home value

$441,136

Property condition

Updated/Remodeled

Lot size

0.23 acres

Price per sq ft

$435

Year built

1955

Annual property taxes

$3,094.53

Price History

09/12/2024
TriangleMLS

TriangleMLS #10052204

Listed
$443,614
+43.74%
06/10/2019
TriangleMLS

TriangleMLS #2240247

Sold
$308,620

Schools & Community

Neighborhood: 

Long Meadow

Elementary school: 

Durham - Lakewood

Middle school: 

Durham - Brogden

High school: 

Durham - Jordan

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

$279,095
Asking price
$443,614
Closing costs (~8% of asking)
-$35,489
Est. remaining loan balance
-$129,030
Cash to seller
$279,095

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

Seller’s Loan History

Lender

Corporate Investors Mortgage Group Inc

Loan start date

April 2021

Original loan amount

$139,392

Est. remaining balance

$129,030

Interest rate

2.97%

Loan type

New Conventional, 30 year

Seller

Rebecca J Wellborn

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 9:15 PM

Listing updated: 09/13/2024 at 3:20 PM

Listed by: Chris Husack, Your Connection Realty LLC Phone #: (919) 475-9460

MLS: TriangleMLS #10052204

TriangleMLS logo

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