tomo logo

$895,000

Beds
3
Baths
2.0
sq ft
1,253

2609 Pleasant Hill Liberty Road, Liberty, NC 27298

2609 Pleasant Hill Liberty Road

Liberty, NC 27298

  • 56 days on market
    • Price drop $54,000↓
Discover the perfect blend of tranquility and opportunity with this breathtaking 23-acre property, spread across three parcels of rolling countryside. Conveniently located, it is just 15 minutes from Toyota EV Battery Megasite in Liberty, or 20 minutes from Wolfspeed's facility in Siler City. A charming farmhouse with a screened porch can be used as either homestead, or a long-term rental for a family with kids. The most recent monthly rent for just the farmhouse and horse barn was $3600. A 7-stall horse barn is well built and in great condition, equipped with electricity, an office, a powder room, a tack room, and large storage areas. Sectional pastures with fencing, a lit riding arena, and a run-in stall with feed and storage areas make it ideal for horse care. A Quonset hut is perfect for hay storage and farm equipment. This is ideal for running a horse boarding business. A 3-acre lake is nested centrally on the property, well stocked with fish. With a beautiful, covered dock house, it is perfect for relaxation and outdoor activities. A newly renovated two-story bunkhouse has a large open porch on the second level, overlooking the lake. It generated over $18K from short-term and mid-term rental income in the past 12 months. This gem alone, at a 5% cap rate, is valued at $360,000. Outdoor entertainment is a delight with a large and covered pavilion with an open stone patio, gorgeous landscaping, landscape lighting, and a firepit with seating. This was previously run as a wedding venue that generated over $86K annual income. This is truly a rare find and offers endless possibilities, whether it is used for yourself as a homestead, or for various income generating opportunities, e.g., short-term and long-term rentals, horse boarding, or wedding venue. Don't miss your chance to own this stunning retreat - secure it before it's gone!

Details

Property type

Single Family Residence

Est. home value

$331,808

Lot size

23.1 acres

Price per sq ft

$715

Year built

1951

Annual property taxes

$2,049.89

Price History

10/30/2024
TriangleMLS

TriangleMLS #10052375

Price change
$895,000
-5.69%
09/12/2024
TriangleMLS

TriangleMLS #10052375

Listed
$949,000
+87.92%
12/31/2021
TriadMLS

TriadMLS #1049561

Sold
$505,000
+215.63%

Schools & Community

Elementary school: 

Alamance - Sylvan

Middle school: 

Alamance - Southern

High school: 

Alamance - Southern High

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

$474,800
Asking price
$895,000
Closing costs (~8% of asking)
-$71,600
Est. remaining loan balance
-$348,600
Cash to seller
$474,800

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

Seller’s Loan History

Lender

Mld Mortgage

Loan start date

December 2021

Original loan amount

$371,250

Est. remaining balance

$348,600

Interest rate

2.98%

Loan type

New Conventional, 30 year

Seller

Xiaohui Mao and Jun Zhao

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: 11/08/2024 at 1:20 PM

Listing updated: 11/03/2024 at 7:01 AM

Listed by: Yang Yuan, CHK Realty Phone #: (919) 345-6370

MLS: TriangleMLS #10052375

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