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$397,000

Beds
3
Baths
2.0
sq ft
1,568

251 Rainbow Rapids Road, Rutherfordton, NC 28139

251 Rainbow Rapids Road

Rutherfordton, NC 28139

  • 158 days on market
    • Price drop $18,000↓
This beautiful and immaculately maintained home is located approximately 7 miles from Lake Lure. This secluded property is centrally located and offers easy access to many points of interest in Western North Carolina. I listed Lake Lure Classical Academy for the school, but Rutherfordton schools may also be an option. The home boasts a large kitchen with island and lots of cabinet space, propane gas stove, and nice dining area. Living room has gas log fireplace. The 30 X 30 metal building has electricity and propane monitor heater, separate room for office. Great opportunity to have home-based business. The park like setting of the 3.22 acres provides ample parking space and there is an RV hook up next to the garage. This home is being sold furnished, except for the seller's personal items. All furniture and window treatments convey, and all appliances convey. The propane tank for the cooking stove is leased. The propane tank for the garage heater is owned and stays. NO HOA!

Details

Property type

Single Family Residence

Est. home value

$210,738

Lot size

Unknown

Price per sq ft

$254

Year built

1997

Price History

10/04/2024
CanopyMLS

CanopyMLS #4161687

Price change
$397,000
-4.34%
07/16/2024
CanopyMLS

CanopyMLS #4161687

Listed
$415,000
+210.4%
04/16/2020
CanopyMLS

CanopyMLS #3555059

Sold
$133,700

Schools & Community

Elementary school: 

Lake Lure Classical Academy

Middle school: 

Lake Lure Classical Academy

High school: 

Lake Lure Classical Academy

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

$280,632
Asking price
$397,000
Closing costs (~8% of asking)
-$31,760
Est. remaining loan balance
-$84,608
Cash to seller
$280,632

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

Seller’s Loan History

Lender

Primelending

Loan start date

March 2020

Original loan amount

$93,590

Est. remaining balance

$84,608

Interest rate

3.6%

Loan type

New Conventional, 30 year

Seller

Richard Allen Cassano

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: 12/22/2024 at 9:15 AM

Listing updated: 10/04/2024 at 12:56 PM

Listed by: Dorothy Barnett, Dot Jarrett Realty Phone #: (864) 909-0053

MLS: CanopyMLS #4161687

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