tomo logo

$340,000

Beds
4
Baths
3.0
sq ft
2,534

1948 Malone Road, Burlington, NC 27215

1948 Malone Road

Burlington, NC 27215

  • 120 days on market
    • Price drop $5,000↓
Priced to sale! A single-family home with 2 master bedrooms on an acre of land nested in an enjoyable neighborhood minutes away from local attractions, public transportation, and a public park. Major renovation was done in 2022 that includes a new roof, flooring, landscaping, fencing, freshly painted, and more. The huge 2-car garage comes with an open space for a studio unit. With a little TLC, this would be your dream home. Don't miss out on this huge opportunity!

Details

Property type

Single Family Residence

Est. home value

$372,959

Lot size

1.03 acres

Price per sq ft

$135

Year built

1967

Annual property taxes

$3,424.93

Price History

08/29/2024
TriangleMLS

TriangleMLS #10030785

Price change
$340,000
-1.45%
05/21/2024
TriangleMLS

TriangleMLS #10030785

Listed
$345,000

Schools & Community

Elementary school: 

Alamance - Grove Park

Middle school: 

Alamance - Graham

High school: 

Alamance - Graham

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

$18,078
Asking price
$340,000
Closing costs (~8% of asking)
-$27,200
Est. remaining loan balance
-$294,722
Cash to seller
$18,078

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

Seller’s Loan History

Lender

Discover Bank

Loan start date

March 2023

Original loan amount

$300,000

Est. remaining balance

$294,722

Interest rate

6.33%

Loan type

New Conventional, 30 year

Seller

Gibrilla Sheriff Jalloh and Amanda Liz Lara Sosa

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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Pending
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1608 Bancroft Court, Graham, NC 27253

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TriadMLS
$380,000
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2.5 ba
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2,336 sq ft
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1230 Aster Way, Burlington, NC 27215

Status: Active

Tomo last checked: 09/19/2024 at 5:15 AM

Listing updated: 09/12/2024 at 11:30 AM

Listed by: Steven T Koleno, Beycome Brokerage Realty Phone #: (844) 239-2663

MLS: TriangleMLS #10030785

TriangleMLS logo

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