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$399,998

Beds
2
Baths
3.0
sq ft
4,176

1895 Us Hwy 601 South, Mocksville, NC 27028

1895 Us Hwy 601 South

Mocksville, NC 27028

  • 54 days on market
    • Price drop $25,002↓
Investors! Cap rate just increased with this price adjustment! This property boasts a multitude of possibilities! You can live in the main home, rent out the studio, use and/or rent out the two lots or maybe you're an investor looking for a buy-and-hold property with the potential to maximize your profits. Either way, this is for you! Nestled in the privacy of the woods and close to town, this opportunistic home has multiple bonus rooms inside the main house, not to mention the spacious loft space with closets on each side! There are also 2 double garages and a third, large garage with an office door. Oh let's not forget to enjoy the 16x32 inground pool next summer!

Details

Property type

Single Family Residence

Est. home value

$388,532

Lot size

2.20 acres

Price per sq ft

$96

Year built

1985

Annual property taxes

$1,457

Price History

10/29/2024
TriadMLS

TriadMLS #1155872

Price change
$399,998
-5.88%
09/21/2024
TriadMLS

TriadMLS #1155872

Listed
$425,000
+214.81%
10/27/2020
TriadMLS

TriadMLS #991460

Sold
$135,000

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

$251,725
Asking price
$399,998
Closing costs (~8% of asking)
-$32,000
Est. remaining loan balance
-$116,273
Cash to seller
$251,725

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

$116,273

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: 11/08/2024 at 9:25 AM

Listing updated: 11/07/2024 at 3:31 AM

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

MLS: TriadMLS #1155872

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