tomo logo

$325,000

Beds
2
Baths
3.0
sq ft
2,706

1895 Us Hwy 601 South, Mocksville, NC 27028

1895 Us Hwy 601 South

Mocksville, NC 27028

  • 120 days on market
    • Price drop $50,000↓
This property offers the potential for a 7.4% annual return, making it a must-see for investors and homeowners alike. With multiple possibilities for income generation, you can choose to live in the main home, rent out the studio, or lease the two additional lots. Tucked away in the serene woods but conveniently close to town, this home features a wealth of extra space, including several bonus rooms in the main house and a spacious loft area with closets on either side. The property also boasts not one, but two double garages, plus a large third garage with an office door – perfect for a home-based business. Enjoy the summer by the 16x32 inground pool, a fantastic spot for relaxation or entertaining. Don’t miss out on this incredible opportunity! - old appraisal report available upon request. The actual heated square footage is much larger than the total heated square footage advertised in the MLS due to the fact no permit can be found for the 32x32 addition.

Details

Property type

Single Family Residence

Est. home value

$388,532

Lot size

2.20 acres

Price per sq ft

$121

Year built

1985

Annual property taxes

$1,457

Price History

01/03/2025
TriadMLS

TriadMLS #1155872

Price change
$325,000
-13.33%
12/04/2024
TriadMLS

TriadMLS #1155872

Price change
$375,000
-5.06%
11/15/2024
TriadMLS

TriadMLS #1155872

Price change
$394,998
-1.25%

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

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

$183,238
Asking price
$325,000
Closing costs (~8% of asking)
-$26,000
Est. remaining loan balance
-$115,762
Cash to seller
$183,238

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

Seller’s Loan History

Lender

Loandepot.Com Llc

Loan start date

January 2021

Original loan amount

$127,187

Est. remaining balance

$115,762

Interest rate

2.67%

Loan type

FHA, 30 year

Seller

Christopher Santa Lucia and Karen L Seymour

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: 01/13/2025 at 1:40 AM

Listing updated: 01/05/2025 at 4:56 PM

Listed by: Jessica Baldovinos, Real Broker LLC Phone #: (919) 348-2585

MLS: TriadMLS #1155872

TriadMLS logo

Recently listed in Mocksville