tomo logo

$290,000

Beds
2
Baths
2.0
sq ft
1,278

160 South May Street Unit 1, Southern Pines, NC 28387

160 South May Street Unit 1

Southern Pines, NC 28387

  • 37 days on market
LOCATION LOCATION! If you want to be in Southern pines to stroll to Betsy's for crepes or grab a coffee at Swank - Take a yoga class and walk home or a movie at the Sunrise theater this condo is for you. Updated with granite counters a tile shower in the master and a large living room and wood floors throughout main areas. The second bedroom has carpet and a large walk in closet. downstairs unit offers a patio off the living room. There is a shared washer and dryer and plenty of storage although the other unit to share with has a W/D in their unit so unit 1 is the only one using this utility room. The building had a new roof in 2023. Move in ready!

Details

Property type

Condominium

Est. home value

$266,825

Lot size

Unknown

Price per sq ft

$227

Year built

1971

Annual property taxes

$1,417.61

HOA fee

$2,500

Price History

11/16/2024
NorthCarolinaRegional

NorthCarolinaRegional #100476215

Listed
$290,000

Schools & Community

Elementary school: 

Southern Pines

Middle school: 

Southern Middle

High school: 

Pinecrest High

High school district: 

Moore County Schools

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

$194,075
Asking price
$290,000
Closing costs (~8% of asking)
-$23,200
Est. remaining loan balance
-$72,725
Cash to seller
$194,075

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

Seller’s Loan History

Lender

Jpmorgan Chase Bank Na

Loan start date

December 2021

Original loan amount

$86,200

Est. remaining balance

$72,725

Interest rate

2.27%

Loan type

New Conventional, 16 year

Seller

Carl E Carpenter

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

Price drop
NorthCarolinaRegional
$294,900
2 bd
|
2 ba
|
1,530 sq ft
|
Condo

9265 Us 15-501 Highway Unit 11a, Pinehurst, NC 28374

NorthCarolinaRegional
$315,000
2 bd
|
2 ba
|
1,678 sq ft
|
Townhouse

201 Bentwood Lane, Southern Pines, NC 28387

Price drop
NorthCarolinaRegional
$255,000
4 bd
|
2 ba
|
1,169 sq ft
|
House

109 Meredith Drive, Aberdeen, NC 28315

Status: Active

Tomo last checked: 12/23/2024 at 5:25 AM

Listing updated: 11/22/2024 at 10:37 AM

Listed by: Kelly S Curran, Nexthome In The Pines Phone #: (860) 227-9955

MLS: NorthCarolinaRegional #100476215

NorthCarolinaRegional logo

Recently listed in Southern Pines