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$399,000

Beds
3
Baths
1.0
sq ft
1,190

205 Brightwood Road, Wilmington, NC 28409

205 Brightwood Road

Wilmington, NC 28409

  • 50 days on market
Located in the heart of Wilmington, this 3-bedroom, 1-bath brick ranch is a rare find. Situated on a nearly half-acre lot surrounded by majestic oaks, it's just a 2-minute drive from Wilmington Municipal Golf Course and less than a 7-minute drive to UNCW, 12 minutes to Historic Downtown Wilmington, and 15 minutes to Wrightsville Beach. Recently remodeled, the house features new LVP flooring throughout, new windows, new roof, an updated kitchen, and a gorgeous bath. The large lot is on a quiet street and offers ample parking, a large deck, an outdoor shower, and a shed. This property is a great opportunity to make your primary home or a turn-key investment. This home can be sold furnished/negotiable. No HOA, Short Term Rentals allowed. ** Ask me about possible assumable mortgage at 2.875% ** subject to lender approval. Exact amount available to be verified with the lender.

Details

Property type

Single Family Residence

Est. home value

$288,572

Lot size

0.45 acres

Price per sq ft

$336

Year built

1955

Annual property taxes

$1,639.3

Price History

06/14/2024
NorthCarolinaRegional

NorthCarolinaRegional #100445332

Listed
$399,000
06/08/2024
NorthCarolinaRegional

NorthCarolinaRegional #100445332

Removed
$399,000
06/07/2024
NorthCarolinaRegional

NorthCarolinaRegional #100445332

Listed
$399,000
+119.23%

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

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

$202,201
Asking price
$399,000
Closing costs (~8% of asking)
-$31,920
Est. remaining loan balance
-$164,879
Cash to seller
$202,201

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

Seller’s Loan History

Lender

Highlands Residential Mortgage Ltd

Loan start date

January 2021

Original loan amount

$178,703

Est. remaining balance

$164,879

Interest rate

2.71%

Loan type

FHA, 30 year

Seller

Lindsey Michele Norwood

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: 07/07/2024 at 5:30 PM

Listing updated: 06/16/2024 at 10:39 AM

Listed by: Bea Desmond, BlueCoast Realty Corporation Phone #: (910) 509-0234

MLS: NorthCarolinaRegional #100445332

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