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$1,195,000

Beds
5
Baths
3.5
sq ft
3,027

195 South Ridge Street, Southern Pines, NC 28387

195 South Ridge Street

Southern Pines, NC 28387

  • 85 days on market
    • Price drop $100,000↓
Beautiful downtown Southern Pines Property located at 195 S Ridge St and provided old world charm with the feel of all the modern convenances on 3 lots (per GIS info see in Photos). This home offers a main level primary bedroom with a modern bathroom and large closet. The kitchen is a cook's dream with gas range, farm sink in the large teak butcher block island, ample counter space and cabinets. The eating area is just off the kitchen in conjunction with another area for gathering/office or den area that leads out to the expansive fenced side yard. The main living area offers a fireplace and cozy area for just relaxing or entertaining. On the second level you will find 4 additional bedrooms, 3 of which are part of the original house with gorgeous hardwood floors and the other bedroom acts as a second-floor primary bedroom with its own bathroom. There is also a large playroom/living area on the second floor as well. There is a basement area that is around 425+/-sq ft along with additional storage space. This space offers numerous options for a multitude of options, crafting area, den, play area, the list is endless. The home sits on corner lot and offers various parking and entry options. The front is a circle driveway, and the back is the main parking to the house with a one car garage that the past owner used as a workshop. The house is also hooked up to natural gas that runs numerous appliances in the house including a whole home generator.

Details

Property type

Single Family Residence

Est. home value

$761,889

Lot size

0.43 acres

Price per sq ft

$395

Year built

1935

Annual property taxes

$4,414.43

Price History

10/09/2024
NorthCarolinaRegional

NorthCarolinaRegional #100463651

Price change
$1,195,000
-7.72%
09/05/2024
NorthCarolinaRegional

NorthCarolinaRegional #100463651

Listed
$1,295,000
+165.64%
02/12/2018
NorthCarolinaRegional

NorthCarolinaRegional #183428

Sold
$487,500
+170.83%

Schools & Community

Elementary school: 

Southern Pines

Middle school: 

Southern Middle

High school: 

Pinecrest High

High school district: 

Moore County Schools

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

$962,435
Asking price
$1,195,000
Closing costs (~8% of asking)
-$95,600
Est. remaining loan balance
-$136,965
Cash to seller
$962,435

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

Seller’s Loan History

Lender

Bank Of America Na

Loan start date

August 2009

Original loan amount

$200,000

Est. remaining balance

$136,965

Interest rate

5.42%

Loan type

Not Provided, 30 year

Seller

Joseph Bailey Vaughan Jr and Shirley Vaughan

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: 11/23/2024 at 12:45 AM

Listing updated: 10/10/2024 at 8:36 PM

Listed by: Scott Lincicome, Better Homes and Gardens Real Estate Lifestyle Property Partners Phone #: (910) 315-7856

MLS: NorthCarolinaRegional #100463651

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