tomo logo

$265,000

Beds
3
Baths
2.0
sq ft
1,741

205 Bates Avenue, Cherryville, NC 28021

205 Bates Avenue

Cherryville, NC 28021

  • 114 days on market
    • Price drop $20,000↓
Welcome to your new home in the heart of Cherryville, North Carolina! This three-bedroom, two-bath brick ranch offers classic charm and modern updates. Step inside to discover beautiful hardwood floors that flow seamlessly throughout the living and dining areas. The spacious, light-filled rooms offer a warm and inviting atmosphere. The kitchen has been recently updated with new luxury vinyl plank (LVP) flooring, providing both durability and style. You'll appreciate the functional layout, ideal for both everyday meals and entertaining. The home features three generously sized bedrooms, each offering cozy spaces for relaxation. The master suite includes a well-appointed bathroom, while the additional bedrooms share a second full bath. One of the standout features of this property is the full unfinished basement. Home has all new plumbing, electrical!!

Details

Property type

Single Family Residence

Est. home value

$233,049

Lot size

Unknown

Price per sq ft

$153

Year built

1957

Price History

10/18/2024
CanopyMLS

CanopyMLS #4166840

Price change
$265,000
-7.02%
09/23/2024
CanopyMLS

CanopyMLS #4166840

Price change
$285,000
-5%
07/31/2024
CanopyMLS

CanopyMLS #4166840

Listed
$300,000
+62.16%

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

$73,392
Asking price
$265,000
Closing costs (~8% of asking)
-$21,200
Est. remaining loan balance
-$170,408
Cash to seller
$73,392

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

Seller’s Loan History

Lender

On Q Financial Inc

Loan start date

September 2022

Original loan amount

$175,750

Est. remaining balance

$170,408

Interest rate

5.22%

Loan type

New Conventional, 30 year

Seller

Robert Walter Thomas Sr

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 PM

Listing updated: 11/15/2024 at 3:30 PM

Listed by: Preston Richardson, RE/MAX Select Phone #: (704) 487-7653

MLS: CanopyMLS #4166840

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Recently listed in Cherryville