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$590,000

Beds
3
Baths
2.0
sq ft
1,772

216 Bayshore Drive, Elizabeth City, NC 27909

216 Bayshore Drive

Elizabeth City, NC 27909

  • 46 days on market
    • Price drop $10,000↓
Welcome to 216 Bayshore Dr, Elizabeth City! This beautiful ranch-style brick home boasts 3 bedrooms and 2 full baths, situated on a spacious half acre lot alongside the picturesque Pasquotank River. With access to the 3-mile wide river leading into the Albemarle Sound, this property offers some of the best fishing NC has to offer. In addition to its stunning location, this home has great potential for short-term leasing on Airbnb for vacation rentals, making it a fantastic investment opportunity. It's also conveniently located near the Coast Guard Base and private airport, adding to its appeal for potential renters. This peaceful and serene Brickhouse Point neighborhood is a phenomenal investment opportunity, with the potential to gain equity as Elizabeth City continues to grow in population. Don't miss out on this chance to own a piece of paradise in one of North Carolina's most beautiful areas!

Details

Property type

Single Family Residence

Est. home value

$471,164

Lot size

0.62 acres

Price per sq ft

$333

Year built

1976

Annual property taxes

$2,590.29

Price History

08/12/2024
NorthCarolinaRegional

NorthCarolinaRegional #100457374

Price change
$590,000
-1.67%
07/26/2024
NorthCarolinaRegional

NorthCarolinaRegional #100457374

Listed
$600,000
+87.5%
05/15/2020
NorthCarolinaRegional

NorthCarolinaRegional #899099

Sold
$320,000

Schools & Community

Elementary school: 

J.C. Sawyer Elementary

Middle school: 

River Road Middle School

High school: 

ECP Early College High School

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

$239,925
Asking price
$590,000
Closing costs (~8% of asking)
-$47,200
Est. remaining loan balance
-$302,875
Cash to seller
$239,925

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

Seller’s Loan History

Lender

Union Home Mortgage Corp

Loan start date

May 2020

Original loan amount

$331,520

Est. remaining balance

$302,875

Interest rate

3.5%

Loan type

VA, 30 year

Seller

Jeffrey T Berry

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: 09/07/2024 at 9:30 PM

Listing updated: 08/19/2024 at 9:49 AM

Listed by: Charlene Melissa Jones, SERHANT Phone #: (704) 763-2477

MLS: NorthCarolinaRegional #100457374

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Recently listed in Elizabeth City