tomo logo

$320,000

Beds
3
Baths
1.0
sq ft
1,058

1516 Park Lane, Hillsborough, NC 27278

1516 Park Lane

Hillsborough, NC 27278

  • 9 days on market
3 Bedroom, 1 bath brick ranch, just mins to vibrant downtown Hillsborough with local restaurants, art galleries, farmers markets. Enjoy the Eno River, hiking trails, and the Riverwalk. Convenient to the whole Triangle with easy access to I40, Durham and Raleigh. Fenced back yard is sizable and Ideal for pets, entertaining, and enjoying sunny afternoons. Home has an abundance of natural light. The kitchen is newly renovated with all new appliances. Seller's grand renovation plans changed with engagement and subsequent marriage. Wonderful location.

Details

Property type

Single Family Residence

Est. home value

$294,795

Lot size

0.32 acres

Price per sq ft

$303

Year built

1961

Annual property taxes

$1,417.7

Price History

02/14/2025
TriangleMLS

TriangleMLS #10076638

Listed
$320,000
+11.5%
12/02/2022
TriangleMLS

TriangleMLS #2480348

Sold
$287,000
+282.67%
12/10/2010
TriangleMLS

TriangleMLS #1749718

Sold
$75,000

Schools & Community

Elementary school: 

Orange - River Park

Middle school: 

Orange - Orange

High school: 

Orange - Orange

High school district: 

Orange - Orange

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

$59,480
Asking price
$320,000
Closing costs (~8% of asking)
-$25,600
Est. remaining loan balance
-$234,920
Cash to seller
$59,480

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

Seller’s Loan History

Lender

Churchill Mortgage Corp

Loan start date

November 2022

Original loan amount

$258,300

Est. remaining balance

$234,920

Interest rate

5.9%

Loan type

New Conventional, 16 year

Seller

Bethany Marie Clark

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?

Similar Homes Nearby

TriangleMLS
$325,000
3 bd
|
1 ba
|
1,132 sq ft
|
House

1501 Mountain View Court, Hillsborough, NC 27278

TriangleMLS
$275,000
3 bd
|
1 ba
|
1,011 sq ft
|
House

2800 Coleman Loop, Hillsborough, NC 27278

Price drop
TriangleMLS
$354,900
3 bd
|
1 ba
|
1,091 sq ft
|
House

617 Orange Heights Loop, Hillsborough, NC 27278

Status: Active

Tomo last checked: 02/23/2025 at 3:20 PM

Listing updated: 02/18/2025 at 10:01 AM

Listed by: Matthew 'Mouse' Mock, Coldwell Banker Advantage Phone #: (919) 967-6363

MLS: TriangleMLS #10076638

TriangleMLS logo

Recently listed in Hillsborough