tomo logo

$250,000

Beds
4
Baths
2.0
sq ft
1,592

228 Academy Avenue Northwest, Concord, NC 28025

228 Academy Avenue Northwest

Concord, NC 28025

  • 31 days on market
Calling all investors! Foundation/crawlspace repair, new flooring, and gutters needed. Price has been adjusted from fair market value to accommodate for structural foundation repairs and new flooring. Foundation estimate has been completed and is available for your review. Located only a mile from both Gibson Mill & Downtown Concord, home is close to restaurants, breweries, shopping, downtown events and more. Large, covered front porch. Fenced in, private backyard. Kitchen & both full bathrooms are renovated with white cabinets & granite countertops. This is one of the very few homes in Downtown Concord that has FOUR bedrooms. Open floor plan allows for easy access between kitchen & living room.

Details

Property type

Single Family Residence

Est. home value

$294,060

Lot size

Unknown

Price per sq ft

$158

Year built

1920

Price History

09/05/2024
CanopyMLS

CanopyMLS #4179981

Listed
$250,000
-16.39%
09/04/2024
CanopyMLS

CanopyMLS #4114101

Removed
$299,000
08/02/2024
CanopyMLS

CanopyMLS #4114101

Pending
$299,000

Schools & Community

Neighborhood: 

Gibson Village

Elementary school: 

Unspecified

Middle school: 

Unspecified

High school: 

Unspecified

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

$74,216
Asking price
$250,000
Closing costs (~8% of asking)
-$20,000
Est. remaining loan balance
-$155,784
Cash to seller
$74,216

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

Seller’s Loan History

Lender

Quicken Loans Inc

Loan start date

December 2019

Original loan amount

$171,830

Est. remaining balance

$155,784

Interest rate

3.78%

Loan type

FHA, 30 year

Seller

Taylor Thomas and Kevin Cumberledge

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: 10/05/2024 at 10:50 PM

Listing updated: 09/27/2024 at 10:46 AM

Listed by: Teresa Lynn Clayton, Magnolia Lane Real Estate Grp Phone #: (704) 230-8371

MLS: CanopyMLS #4179981

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