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$285,000

Beds
3
Baths
2.0
sq ft
1,227

1517 Sherwood Drive, Burlington, NC 27215

1517 Sherwood Drive

Burlington, NC 27215

  • 32 days on market
Move-in Ready, 3 Bd, 2 Ba Brick Ranch in a quaint W Burlington neighborhood, conveniently located between downtown Burlington & Elon University. Several recent updates (2023) include New Roof, Paint, Lighting Fixtures, Remodeled Kitchen and Bathrooms and beautifully refinished Hardwood Floors throughout. Kitchen offers all SS Appliances, New Cabinets and Quartz Counters. Enjoy a quiet evening on your 20' Covered Front Porch or enjoy some outdoor recreation or gardening in the Fully Fenced Back Yard. 24'x24' Carport with attached Enclosed Back Porch with a 5'x10' Storage/Utility Area. No HOA!

Details

Property type

Single Family Residence

Est. home value

$293,444

Property condition

Updated/Remodeled

Lot size

0.23 acres

Price per sq ft

$233

Year built

1955

Annual property taxes

$1,951.62

Price History

11/20/2024
TriangleMLS

TriangleMLS #10064119

Listed
$285,000
+1.79%
04/13/2023
TriadMLS

TriadMLS #1093979

Sold
$280,000

Schools & Community

Elementary school: 

Alamance - Hillcrest

Middle school: 

Alamance - Turrentine

High school: 

Alamance - Walter Williams

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

$1,265
Asking price
$285,000
Closing costs (~8% of asking)
-$22,800
Est. remaining loan balance
-$260,935
Cash to seller
$1,265

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

Seller’s Loan History

Lender

Howard Hanna Mortgage Services Inc

Loan start date

April 2023

Original loan amount

$266,000

Est. remaining balance

$260,935

Interest rate

6.5%

Loan type

New Conventional, 30 year

Seller

Jillian Mary Sarm and John Hamilton Foster

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: 12/23/2024 at 6:50 AM

Listing updated: 12/18/2024 at 1:56 PM

Listed by: Kevin Patrick Crossan, Allen Tate/Burlington Phone #: (336) 227-3666

MLS: TriangleMLS #10064119

TriangleMLS logo

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