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$585,000

Beds
3
Baths
2.0
sq ft
1,772

216 Bayshore Drive, Elizabeth City, NC 27909

216 Bayshore Drive

Elizabeth City, NC 27909

  • 113 days on market
    • Price drop $5,000↓
*** PRICE DECREASE*** Attention homebuyers! This is your chance to own a piece of paradise in one of the most beautiful areas of North Carolina. We are excited to present to you 216 Bayshore Dr, Elizabeth City - a stunning ranch-style brick home with 3 bedrooms and 2 full baths, situated on a spacious half-acre lot alongside the picturesque Pasquotank River. And here's the best part: the seller is a MOTIVATED SELLER who is now offering $10k in seller concession! This property not only offers access to the 3-mile wide river leading into the Albemarle Sound, which provides some of the best fishing in NC, but it also has great potential for short-term leasing on Airbnb for vacation rentals. This makes it a fantastic investment opportunity for those looking to generate rental income. The home's location is also conveniently close to the Coast Guard Base and private airport, making it a highly desirable option for potential renters. The peaceful and serene Brickhouse Point neighborhood is an excellent investment opportunity, with the potential to gain equity as Elizabeth City continues to grow in population. Don't let this opportunity slip away - seize the chance to own this beautiful property and enjoy the best of North Carolina's natural beauty. Contact us now to schedule a viewing!

Details

Property type

Single Family Residence

Est. home value

$471,164

Lot size

0.62 acres

Price per sq ft

$331

Year built

1976

Annual property taxes

$2,590.29

Price History

11/12/2024
NorthCarolinaRegional

NorthCarolinaRegional #100457374

Listed
$585,000
09/27/2024
NorthCarolinaRegional

NorthCarolinaRegional #100457374

Removed
$585,000
09/10/2024
NorthCarolinaRegional

NorthCarolinaRegional #100457374

Price change
$585,000
-0.85%

Schools & Community

Elementary school: 

J.C. Sawyer Elementary

Middle school: 

River Road Middle School

High school: 

Northeastern 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

$237,146
Asking price
$585,000
Closing costs (~8% of asking)
-$46,800
Est. remaining loan balance
-$301,054
Cash to seller
$237,146

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

$301,054

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?

Status: Active

Tomo last checked: 11/13/2024 at 10:55 PM

Listing updated: 11/11/2024 at 7:42 PM

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

MLS: NorthCarolinaRegional #100457374

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