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$138,992

Beds
3
Baths
1.0
sq ft
1,200

2138 Michael Road, Lexington, NC 27295

2138 Michael Road

Lexington, NC 27295

  • 5 days on market
OVERSIZED BACK LOAD GARAGE with POTENTIAL FOR A FULL CIRCLE DRIVE AROUND THE HOUSE. A cement floor in a 10 x 13 storage building is ideally the perfect place for a workshop, located near the back of the home. The second storage building, away from the home on the .77 acres, offers a get-a-way for crafts, gardening or your favorite pasttime. Front & back covered porches permit you to bask in the sunshine or relax in the shade. A partial basement is accessed from the back porch where the washer/dryer are located. Love the country feel and quietness found at 2138 Michael Rd. in Lexington. Create a new environment with renovations to suit your lifestyle. Be creative with paint/floor covering & other necessary repairs. Great Potential! See Agent Only Remarks as this is a Private Judicial Sale & will require a 10 day upset bidding period following an accepted buyer's OTP & the end of Due Diligence Period. If no upsets, it goes to the Superior Court Judge for Confirmation.

Details

Property type

Single Family Residence

Est. home value

$217,373

Lot size

0.77 acres

Price per sq ft

$116

Year built

1944

Annual property taxes

$660

Price History

10/31/2024
TriadMLS

TriadMLS #1160489

Listed
$138,992
+29.29%
11/30/2018
TriadMLS

TriadMLS #904804

Sold
$107,500

Schools & Community

Elementary school: 

Call School Board

Middle school: 

Call School Board

High school: 

Call School Board

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

$55,874
Asking price
$138,992
Closing costs (~8% of asking)
-$11,119
Est. remaining loan balance
-$71,999
Cash to seller
$55,874

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

Seller’s Loan History

Lender

Arvest Bank

Loan start date

November 2018

Original loan amount

$80,400

Est. remaining balance

$71,999

Interest rate

4.65%

Loan type

New Conventional, 30 year

Seller

Clarence Cox Jr and Lynn Cox

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: 11/05/2024 at 8:25 PM

Listing updated: 10/31/2024 at 12:01 PM

Listed by: Vicki Fleming, Mays Realty Phone #: (336) 448-4149

MLS: TriadMLS #1160489

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