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$1,000,000

Beds
3
Baths
2.0
sq ft
2,034

2116 Penny Rd, High Point, NC 27265

2116 Penny Rd

High Point, NC 27265

  • 1 day on market
Located at the highly visible corner of Samet Drive and Penny Road, this property presents an incredible opportunity for office or commercial use in a rapidly developing area. Currently featuring a residential structure, this lot offers endless potential for businesses looking to establish a presence in a high-traffic location. Buyers are responsible for verifying zoning and permitted use. The seller has not initiated the rezoning process to provide flexibility for the buyer to select the most suitable designation for their intended use. Don't miss this chance to invest in a property with excellent visibility and future growth potential!

Details

Property type

Single Family Residence

Est. home value

$329,393

Lot size

0.83 acres

Price per sq ft

$492

Year built

1977

Annual property taxes

$1,704.08

Price History

02/21/2025
TriadMLS

TriadMLS #1170983

Listed
$1,000,000
+400%
05/01/2020
TriadMLS

TriadMLS #970820

Sold
$200,000

Schools & Community

Elementary school: 

Florence

Middle school: 

Southwest

High school: 

Southwest

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Truliant Fcu

Loan start date

July 2022

Original loan amount

$84,782

Est. remaining balance

Not provided

Interest rate

4.04%

Loan type

Credit Line (Revolving), 30 year

Seller

Jose Lara Gutierrez and Ruth Zamora Lemus

Lender

Founders Fcu

Loan start date

April 2020

Original loan amount

$198,500

Est. remaining balance

Not provided

Interest rate

5%

Loan type

New Conventional, 30 year

Seller

Jose Lara Gutierrez and Ruth Zamora Lemus

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: 02/22/2025 at 9:40 PM

Listing updated: 02/21/2025 at 8:31 PM

Listed by: Spencer Harrell, Real Broker LLC Phone #: (919) 348-2585

MLS: TriadMLS #1170983

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