tomo logo

$649,999

Beds
4
Baths
4.0
sq ft
3,369

1622 Lake Lynn Road, Concord, NC 28025

1622 Lake Lynn Road

Concord, NC 28025

  • Pending
    • Price drop $35,001↓
Significant Price Reduction! PRIVATE & EXPANSIVE 4-acre property w/ charming home nestled among mature trees w/ large yard & oversized above ground POOL. This property has a walkout BASEMENT w/ new LVP floors, secondary kitchen, laundry, full bath & dining/bed/living area; large parking pad, perfect for MULTI-GENERATIONAL. The main floor boasts beautiful hardwood floors throughout, new XL tile floors w/ stainless steel appliances in the kitchen. Freshly painted walls throughout, newly tiled master bath shower. New; pool pump (2021) pool liner (2021), hot water heater (2024), HVAC mini-split unit in basement (2020), well pump replaced (2020) & bladder (2019). Septic tank inspected (2019) & emptied (2022); well flushed w/ chlorine (2023). Central humidifier & central vac system. Large master bdrm has quaint fireplace w/ walkout balcony; multiple entertaining areas! Close to nearby shopping & schools. COUNTRY LIVING AWAITS!

Details

Property type

Single Family Residence

Est. home value

$641,091

Lot size

Unknown

Price per sq ft

$193

Year built

1972

Price History

09/04/2024
CanopyMLS

CanopyMLS #4149841

Pending
$649,999
08/02/2024
CanopyMLS

CanopyMLS #4149841

Price change
$649,999
-5.11%
07/10/2024
CanopyMLS

CanopyMLS #4149841

Price change
$685,000
-2.14%

Schools & Community

Elementary school: 

W.M. Irvin

Middle school: 

Mount Pleasant

High school: 

Mount Pleasant

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

$267,486
Asking price
$649,999
Closing costs (~8% of asking)
-$52,000
Est. remaining loan balance
-$330,513
Cash to seller
$267,486

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

Seller’s Loan History

Lender

Townebank Mortgage

Loan start date

January 2021

Original loan amount

$360,549

Est. remaining balance

$330,513

Interest rate

2.71%

Loan type

New Conventional, 30 year

Seller

Zachary Allen Tarr and Tabitha Joy Tarr

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: 10/05/2024 at 10:50 PM

Listing updated: 09/04/2024 at 6:33 PM

Listed by: Samantha Berg, Keller Williams Select Phone #: (704) 684-1000

MLS: CanopyMLS #4149841

CanopyMLS logo

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