tomo logo

$450,000

Beds
3
Baths
3.0
sq ft
1,982

2416 Glencoe Street, Burlington, NC 27217

2416 Glencoe Street

Burlington, NC 27217

  • 13 days on market
Experience the perfect balance of historic charm and modern convenience in this beautifully restored home in Glencoe Mill Village. Offering rare multiple bedroom suite options, this 3-bedroom, 3-bath home includes a spacious upstairs bedroom suite with ample closet space, or two downstairs bedroom suite options. Truly rare flexible living options. Unique architectural details, such as exposed original brick nogging - the only home in the village to feature this! - some original plaster walls, and many original hardwood floors preserve the historic character of this home. The kitchen, fully remodeled in 2017, showcases custom cabinetry, quartz countertops, and premium appliances. Too many upgrades to include - see attached feature sheet for full list and history of the home. Outside, the property boasts three outbuildings—a 400 sqft workshop, a smaller storage building, and a charming original privy structure—making it the only home in Glencoe with this many outbuildings. Enjoy the recently screened-in porch, fenced yard, and walk-in attic. A new metal roof added in 2022 caps off the property nicely. A past recipient of the Minetree Pyne Preservation Award, this home offers a rare blend of history and modern amenities. Don't miss this unique opportunity in Glencoe Mill Village!

Details

Property type

Single Family Residence

Est. home value

$325,089

Lot size

0.24 acres

Price per sq ft

$228

Year built

1880

Annual property taxes

$1,824

Monthly HOA fee

$55

Price History

10/22/2024
TriangleMLS

TriangleMLS #10059570

Listed
$450,000
+106.52%
07/02/2015
TriangleMLS

TriangleMLS #86129

Sold
$217,900

Schools & Community

Elementary school: 

Alamance - Alta Ossipee

Middle school: 

Alamance - Western

High school: 

Alamance - Western Alamance

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

$199,129
Asking price
$450,000
Closing costs (~8% of asking)
-$36,000
Est. remaining loan balance
-$214,871
Cash to seller
$199,129

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

Seller’s Loan History

Lender

Wyndham Capital Mortgage Inc

Loan start date

October 2021

Original loan amount

$230,000

Est. remaining balance

$214,871

Interest rate

2.88%

Loan type

New Conventional, 30 year

Seller

Rachel Marie Blunk and Robert Bryan Norris Jr

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: 11/05/2024 at 10:35 AM

Listing updated: 10/27/2024 at 6:01 AM

Listed by: Caitlin VB Harrell, 3 BROTHERS REALTY OF ALAMANCE Phone #: (336) 350-5645

MLS: TriangleMLS #10059570

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