tomo logo

$400,000

Beds
6
Baths
2.0
sq ft
2,571

214 West Elm Street, Wingate, NC 28174

214 West Elm Street

Wingate, NC 28174

  • 35 days on market
Wow! Great Opportunity for a Rental Income Property with 6 Bedrooms Near Wingate University! OR if you're looking for spacious home with room for everyone! Nestled on a large lot in the heart of Wingate, this beautiful 1920s farmhouse with huge rocking chair front porch features original painted wood ceilings on the main level & has tons of updates! Hardwood floors on most of the main floor & stairs, newer laminate wood flooring upstairs, updated bathrooms, water heater replaced in 2023 & roof in 2020 (previous owner). The main level features 2 spacious bedrooms, living room w/ fireplace, huge dining room and a galley style kitchen w/ white cabinets & stainless steel appliances. Upstairs you'll find 4 bedrooms plus an office/flex space! Prime location within walking distance to the University, local restaurants & community park! Just minutes away from the Monroe Expressway for an easy commute to Charlotte! Currently rented to college students who rent by the room & would like to stay!

Details

Property type

Single Family Residence

Est. home value

$320,413

Lot size

Unknown

Price per sq ft

$156

Year built

1920

Price History

03/17/2025
CanopyMLS

CanopyMLS #4227263

Listed
$400,000
+23.08%
05/25/2023
CanopyMLS

CanopyMLS #4011677

Sold
$325,000
+41.61%
12/16/2020
CanopyMLS

CanopyMLS #3669082

Sold
$229,500

Schools & Community

Elementary school: 

Wingate

Middle school: 

East Union

High school: 

Forest Hills

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

$129,407
Asking price
$400,000
Closing costs (~8% of asking)
-$32,000
Est. remaining loan balance
-$238,593
Cash to seller
$129,407

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

Seller’s Loan History

Lender

Movement Mortgage

Loan start date

April 2023

Original loan amount

$243,750

Est. remaining balance

$238,593

Interest rate

6.73%

Loan type

New Conventional, 30 year

Seller

Robert Koroly

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: 04/04/2025 at 5:55 AM

Listing updated: 04/02/2025 at 4:25 PM

Listed by: Susan Volz, RE/MAX Executive Phone #: (704) 540-7500

MLS: CanopyMLS #4227263

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