tomo logo

$850,000

Beds
4
Baths
4.5
sq ft
4,073

166 Park Dr, Pittsboro, NC 27312

166 Park Dr

Pittsboro, NC 27312

  • 72 days on market
Rare and unique 5 acre property just half a mile from downtown Pittsboro! Even closer to Chatham Mills and several other hip local spots, and less than 10 minutes from access to the Haw River. This property offers privacy and plenty of outdoor space on top of the more than 4,000sqft. 2-story house with large, comfortable rooms, a finished basement area, and very solid bones. This home has four huge bedrooms, with the primary on the main level, as well as a cozy home office. Sellers are only the second owners and they have done much to update and fortify the home in the time they have owned it. What was once a barely used shed is now a fully finished, conditioned and wired studio space. An attractive wooden fence was installed to create a spacious yard, and just outside the fence is a large, almost new play structure. The kitchen was remodeled and updated. All appliances convey. Deck and gutters were replaced/repaired in 2023. Roof replaced in January 2022. Upstairs heat pump/ductwork replaced in 2023. Water heater in 2021. Connected to city water and sewer. Tons of parking between the two-car garage, two-car parking pad and four covered carport spaces. Property is unrestricted and has the potential for subdivision or conversion into multi-gen style living. You'll be hard pressed to find another property that provides this much quiet and flexible space so close to all the activities that Pittsboro has to offer!

Details

Property type

Single Family Residence

Est. home value

$1,038,623

Property condition

Updated/Remodeled

Lot size

5.0 acres

Price per sq ft

$209

Year built

1981

Annual property taxes

$7,737.22

Price History

05/22/2024
TriangleMLS

TriangleMLS #10025443

Listed
$850,000
05/02/2024
TriangleMLS

TriangleMLS #10025443

Pending
$850,000
04/26/2024
TriangleMLS

TriangleMLS #10025443

Listed
$850,000

Schools & Community

Elementary school: 

Chatham - Pittsboro

Middle school: 

Chatham - Horton

High school: 

Chatham - Northwood

Community features: 

None

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

$246,478
Asking price
$850,000
Closing costs (~8% of asking)
-$68,000
Est. remaining loan balance
-$535,522
Cash to seller
$246,478

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

Seller’s Loan History

Lender

United Wholesale Mortgage

Loan start date

March 2022

Original loan amount

$560,000

Est. remaining balance

$535,522

Interest rate

3.56%

Loan type

New Conventional, 30 year

Seller

Andrew Edward Stuckey and Elizabeth Willey Spalt

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
TriangleMLS
$934,900
4 bd
|
4.5 ba
|
4,281 sq ft
|
House

130 Mint Springs Rd, Pittsboro, NC 27312

Price drop
TriangleMLS
$899,900
4 bd
|
4 ba
|
4,497 sq ft
|
House

306 Bear Tree Creek, Chapel Hill, NC 27517

New
TriangleMLS
$975,000
4 bd
|
4 ba
|
3,552 sq ft
|
House

151 Deep Creek, Pittsboro, NC 27312

Status: Active

Tomo last checked: 07/07/2024 at 9:05 PM

Listing updated: 06/10/2024 at 5:03 PM

Listed by: Miranda Adele Parker, Weaver Street Realty & Auction Phone #: (919) 929-5658

MLS: TriangleMLS #10025443

TriangleMLS logo

Recently listed in Pittsboro

$975,000|4 bd|4.0 ba|House
$935,000|5 bd|4.5 ba|House
$1,396,900|4 bd|3.5 ba|House
$569,900|2 bd|2.0 ba|House
$450,000|2 bd|2.0 ba|House
$720,000|3 bd|2.5 ba|House
$2,400,000|5 bd|5.5 ba|House