tomo logo

$445,000

Beds
2
Baths
2.5
sq ft
1,544

160 Laurel Road, Arden, NC 28704

160 Laurel Road

Arden, NC 28704

  • Pending
Amazing investment opportunity features two distinct living areas with stunning mountain views from both levels, particularly from the glass-enclosed sunroom off the main living area! Owner occupies the upper floor and has generated rental income from the lower, grossing $25K in 2023. Furnishings and equipment in finished basement convey with the sale. Bonus room in basement could be converted into a 3rd bedroom with a window well addition. Owner has made $60,000 in improvements to the property during their ownership, including new roof and gutters, French drain, HVAC mini-splits, electrical upgrades, view clearing, fence, etc. The main-level aesthetics have been left for buyer to customize. New owners could enclose the non-contiguous stairs to create a contiguous residence if they wish. Property is on a premium lot surrounded by trees keeping the home private and serene. Ample space is available for a house or garage addition. The mountains are calling! Come check out your new home!

Details

Property type

Single Family Residence

Est. home value

$381,396

Lot size

Unknown

Price per sq ft

$289

Year built

1972

Price History

10/10/2024
CanopyMLS

CanopyMLS #4174597

Pending
$445,000
09/30/2024
CanopyMLS

CanopyMLS #4174597

Removed
$445,000
09/07/2024
CanopyMLS

CanopyMLS #4174597

Listed
$445,000
+1.16%

Schools & Community

Elementary school: 

Unspecified

Middle school: 

Cane Creek

High school: 

T.C. Roberson

Community features: 

None

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Truist Bank

Loan start date

August 2022

Original loan amount

$50,000

Est. remaining balance

Not provided

Interest rate

4.41%

Loan type

Credit Line (Revolving), 10 year

Seller

Catherine Foust

Lender

Atlantic Bay Mortgage Group Llc

Loan start date

May 2022

Original loan amount

$160,000

Est. remaining balance

$154,087

Interest rate

5%

Loan type

New Conventional, 30 year

Seller

Catherine Foust

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: Pending/Under Contract

Tomo last checked: 11/03/2024 at 7:55 AM

Listing updated: 10/10/2024 at 8:11 AM

Listed by: Erica Wahlers, RE/MAX Results Phone #: (828) 484-4484

MLS: CanopyMLS #4174597

CanopyMLS logo

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