tomo logo

$649,900

Beds
3
Baths
2.0
sq ft
1,940

16 Lanier Drive, Chapel Hill, NC 27517

16 Lanier Drive

Chapel Hill, NC 27517

  • 56 days on market
    • Price drop $22,600↓
Beautiful ''tree house'' on 1+ acres in Chapel Hill-Carrboro City Schools with lower county taxes! This must see dream home is perfection in every way. Magical privacy in the midst of a neighborhood only minutes from UNC. Relax on the deck and enjoy the tranquil view which includes a sparkling wet weather creek and gorgeous trees. Lovely updates to the home include new appliances in the kitchen and beautifully refinished hardwood flooring in the family room, dining room, and bedrooms. Modern touches throughout the home, such as smart home light switches and door locks. Lower level garage is great for a car, workout space, or storage, with access to an incredible sealed crawl space. You will find the ideal work from home space in the detached, carpeted office space - cooled and heated with a window unit - this would make such a peaceful retreat for a home office or studio. So many great updates please ask for the list of special features. The sky is the limit here! ***Price adjustment as sellers must relocate out of state***

Details

Property type

Single Family Residence

Est. home value

$629,608

Lot size

1.08 acres

Price per sq ft

$335

Year built

1978

Annual property taxes

$4,253

Price History

06/12/2024
TriangleMLS

TriangleMLS #10030734

Price change
$649,900
-3.36%
05/21/2024
TriangleMLS

TriangleMLS #10030734

Listed
$672,500
+34.5%
06/02/2021
TriangleMLS

TriangleMLS #2379649

Sold
$500,000

Schools & Community

Elementary school: 

CH/Carrboro - Northside

Middle school: 

CH/Carrboro - Grey Culbreth

High school: 

CH/Carrboro - Carrboro

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

$130,919
Asking price
$649,900
Closing costs (~8% of asking)
-$51,992
Est. remaining loan balance
-$466,989
Cash to seller
$130,919

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

Seller’s Loan History

Lender

Union Home Mortgage Corp

Loan start date

June 2021

Original loan amount

$500,000

Est. remaining balance

$466,989

Interest rate

3.04%

Loan type

VA, 30 year

Seller

Jennifer Deanna Monshaugen and Mark Wesley Monshaugen

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: 07/17/2024 at 5:40 AM

Listing updated: 07/16/2024 at 5:33 PM

Listed by: Debbie McCormick, Berkshire Hathaway HomeService Phone #: (919) 929-7100

MLS: TriangleMLS #10030734

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