tomo logo

$700,000

Beds
2
Baths
2.5
sq ft
1,700

1952 Ashton Lake Road, Burgaw, NC 28425

1952 Ashton Lake Road

Burgaw, NC 28425

  • Sold On 11/6/2024
5.54 acres, brick home w/ 5 bay garage, granite counters, updated bathrooms w/ tile showers, LPV throughout living area, furnishings negotiable, two barns, 4 pastures, 100 x 225 riding arena, enclosed inground pool area with dolphin fountains, 13KW generator, separate metered electric for barn, septic permit in place to build two cottages on property (in front pasture), and 5 bedroom septic tank for main home for future expansion; all less than 30 minutes from Wilmington, NC, less than 10 mins to shopping, tucked at the end of a cu-de-sac in a small horse community. This equestrian property is perfect for any horse enthusiast or family that wants room to spread out. With a five-bedroom septic tank already in place for the home, the potential for expansion is remarkable. You can build two additional cottages in the front pasture, each with a separate septic permit, and there's also a permit and design in place for a potential garage apartment using two of the five garage bays. The seller is currently addressing a punch list from a previous tenant, including minor cosmetic repairs and pool maintenance, the interior of the home and garage have been freshly painted. The roof, HVAC system, and garage doors were all replaced in 2019, ensuring peace of mind for the future. The purchase price reflects the completion of the seller's punch list, but offers are welcome as-is. The seller is open to considering a lease-to-own option, making this an exceptional opportunity for horse lovers and those seeking a spacious, versatile property with incredible potential. Don't miss out on this unique offering!

Details

Property type

Single Family Residence

Lot size

5.54 acres

Price per sq ft

$436

Year built

2000

Price History

11/06/2024
NorthCarolinaRegional

NorthCarolinaRegional #100466412

Sold
$700,000
-5.41%
09/20/2024
NorthCarolinaRegional

NorthCarolinaRegional #100466412

Pending
$740,000
09/16/2024
NorthCarolinaRegional

NorthCarolinaRegional #100466412

Listed
$740,000
+11.28%

Schools & Community

Elementary school: 

C F Pope

Middle school: 

Burgaw

High school: 

Pender High

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

$186,513
Asking price
$740,000
Closing costs (~8% of asking)
-$59,200
Est. remaining loan balance
-$494,287
Cash to seller
$186,513

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

Seller’s Loan History

Lender

Integrity Home Mortgage Corp

Loan start date

November 2023

Original loan amount

$498,750

Est. remaining balance

$494,287

Interest rate

7.19%

Loan type

New Conventional, 30 year

Seller

David F Mclean

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

TriangleMLS
$675,000
4 bd
|
3 ba
|
2,770 sq ft
|
House

15 Rice Flat Bay, Hampstead, NC 28443

Price drop
NorthCarolinaRegional
$747,000
3 bd
|
3 ba
|
2,517 sq ft
|
House

402 Cornubia Drive, Castle Hayne, NC 28429

NorthCarolinaRegional
$794,500
4 bd
|
3 ba
|
2,586 sq ft
|
House

315 Cornubia Drive, Castle Hayne, NC 28429

Status: Off Market

Tomo last checked: 11/08/2024 at 8:55 AM

Listing updated: 11/06/2024 at 7:55 PM

Listed by: Dawn J Berard, Sold Buy the Sea Realty Phone #: (910) 367-2965

MLS: NorthCarolinaRegional #100466412

NorthCarolinaRegional logo

Recently listed in Burgaw

$420,000|4 bd|2.0 ba|House
$239,000|2 bd|1.0 ba|House
$300,000|3 bd|3.0 ba|House
$395,000|4 bd|2.5 ba|House
$289,500|3 bd|2.0 ba|House
$279,900|3 bd|2.0 ba|House
$750,000|4 bd|2.5 ba|House