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$500,347Estimated home value

Beds
5
Baths
2.0
sq ft
1,803

2500 Otranto Rd, Charleston, SC 29406

2500 Otranto Rd

North Charleston, SC 29406

  • Sold On 8/2/2024
    • Price drop $1,999↓
Rare properties like this don't come around often so better not sleep on this one. This 5 bedroom brick home sits on a beautiful half an acre of land with large mature trees for plenty of summertime shade. Bring your boats, trailers and RV's bc there is no HOA to tell you what you can and cant do on your own property! The large backyard is fully fenced in and completely private which is great since you also have a inground gunite pool to relax and cool off from that hot SC sunshine. The home has been tastefully renovated and has new granite counter tops, stainless appliances, new cabinets, new carpet, new light fixtures, fresh paint and hardwood floors. With I-26 less than 5 minutes away, you are centrally located with quick access to all that Charleston has to offer.

Details

Property type

Single Family Residence

Est. home value

$500,347

Lot size

0.5 acres

Price per sq ft

$221

Year built

1965

Annual property taxes

$2,696

Price History

07/30/2024
CTAR

CTAR #24013252

Sold
$398,100
+0.03%
07/05/2024
CTAR

CTAR #24013252

Pending
$398,000
06/20/2024
CTAR

CTAR #24013252

Listed
$398,000

Schools & Community

Elementary school: 

A. C. Corcoran

Middle school: 

Northwoods

High school: 

Stall

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

-$83,488
Asking price
$398,000
Closing costs (~8% of asking)
-$31,840
Est. remaining loan balance
-$449,648
Cash to seller
-$83,488

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

Seller’s Loan History

Lender

Rev Federal Credit Union

Loan start date

May 2022

Original loan amount

$465,600

Est. remaining balance

$449,648

Interest rate

5%

Loan type

New Conventional, 30 year

Seller

Terrance Spencer Thrower and Felicia Thrower

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: Off Market

Tomo last checked: 09/20/2024 at 7:00 PM

Listing updated: 08/02/2024 at 4:04 AM

Listed by: Kevin Douglas, Home Grown Real Estate LLC Phone #: (843) 718-4823

MLS: CTAR #24013252

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