tomo logo

$459,900

Beds
4
Baths
3.0
sq ft
3,215

201 West Rice Street, Landis, NC 28088

201 West Rice Street

Landis, NC 28088

  • 39 days on market
1.38 acres with an 1894 home waiting for a decorator's touch. PLUS an unfinished almost 1000 sq.ft. bldg on the same lot. Previous owner's family started the 2nd home. Check with Rowan county for permitting information. Check with the city of Landis for water/sewer connection info. Parcel cannot be divided for this sale. Kitchen, bathrooms have been updated. Repairs made in order to qualify for financing. Features of this home include: beadboard throughout, 2 sided cabinets in kitchen, hardwood floors, solid wood doors, Beauty Queen sink cabinet and other antique details. Old log cabin moved to property decades ago. Gas water heater 2024. This property is eligible under the Freddie Mac First Look Initiative through 03/30/25.

Details

Property type

Single Family Residence

Est. home value

$604,911

Lot size

Unknown

Price per sq ft

$144

Year built

1894

Price History

02/28/2025
CanopyMLS

CanopyMLS #4227091

Listed
$459,900
+4.52%
07/16/2021
CanopyMLS

CanopyMLS #3743209

Sold
$440,000

Schools & Community

Elementary school: 

Unspecified

Middle school: 

Unspecified

High school: 

Unspecified

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

$59,729
Asking price
$459,900
Closing costs (~8% of asking)
-$36,792
Est. remaining loan balance
-$363,379
Cash to seller
$59,729

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

Seller’s Loan History

Lender

T2 Financial Llc

Loan start date

July 2021

Original loan amount

$396,000

Est. remaining balance

$363,379

Interest rate

2.94%

Loan type

New Conventional, 30 year

Seller

Nicholas Wayne Alford and Stacey E Alford

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?

Status: Active

Tomo last checked: 04/08/2025 at 7:45 PM

Listing updated: 03/11/2025 at 2:09 PM

Listed by: Ellen Carter, Key Real Estate Phone #: (704) 857-0539

MLS: CanopyMLS #4227091

CanopyMLS logo

Recently listed in Landis

$240,000|2 bd|1.0 ba|House
$249,900|3 bd|1.0 ba|House
$409,900|4 bd|2.0 ba|House
$564,999|3 bd|2.0 ba|House
$249,900|3 bd|2.5 ba|Townhouse
$239,900|3 bd|2.5 ba|Townhouse
$459,900|4 bd|3.0 ba|House
$249,900|3 bd|2.5 ba|Townhouse

Explore top cities in North Carolina